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Terrell Davis Group | Colorado Front Range Real Estate Market Insight Blog

Friday, February 22, 2019   /   by Jordan Waters

3 Things You Need in a Shifting Real Estate Market

Whether you are thinking of selling your house or buying a home, today’s real estate headlines can be confusing – perhaps even concerning. What is actually happening with mortgage rates? Are home values dropping or are they just rising at a slower pace? What impact will the economy have on the housing market?
If you are either a buyer or seller (or both), you need to know what it will mean to your family if you go ahead with the move. You need to understand three things:
1. What is happening in the housing market right now?
Consumers must get past those fear-mongering headlines and gain a deep understanding of what is truly happening. How strong is buyer demand right now? How much competition do listings have today compared to what they will have in the spring? People want to make an educated decision on what is probably their family’s greatest financial asset.
2. Why is it happening?
Understanding the individual pieces that impact the sale or purchase of real es ...

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  colorado real estate, sellers, buyers, championship real estate, terrell davis group

Tuesday, February 5, 2019   /   by Jordan Waters

One More Time… You Do Not Need 20% Down to Buy a Home

The largest obstacle renters face when planning to buy a home is saving for a down payment. This challenge is amplified by rising rents, which has eaten into the amount of money renters have leftover for savings each month after paying expenses.
In combination with higher rents, survey after survey has shown that non-homeowners (renters and those living rent-free with family or friends) believe they need to save upwards of 20% for their down payment!
According to the “Barriers to Accessing Homeownership” study commissioned in partnership between the Urban Institute, Down Payment Resource, and Freddie Mac, 39% of non-homeowners and 30% of those who already own a home believe they need more than a 20% down payment.
The percentage of those who are aware of low down payment programs (those under 5%) is surprisingly low at 12% for non-homeowners and 13% for homeowners.
In a recent Convergys Analytics report, they found that 49% of rent ...

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  colorado real estate, sellers, buyers, terrell davis group, front range, first time homebuyers, move up buyers, renting or buying

Friday, January 4, 2019   /   by Jordan Waters

[MARKET UPDATE] Front Range Real Estate January 2019

What If I Wait a Year to Buy a Home?








National home prices have increased by 5.4% since this time last year. Over that same time period, interest rates have remained near historic lows which has allowed many buyers to enter the market and lock in low rates.
As a seller, you will likely be most concerned about ‘short-term price’ – where home values are headed over the next six months. As a buyer, however, you must not be concerned about price but instead about the ‘long-term cost’ of the home...Continue Reading










 
Top Renovations to Complete Before You Sell Your House [Infographic]
See the Full Infographic



Featured Terrell Davis Group Home Listing








3939 18th Street Lane, Greeley, CO 80634One of the last lots available in Pine Ridge! Centrally located in a gated community with easy access to AIMS Community College, Northern Colorad ...

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  colorado real estate, sellers, buyers, championship real estate, front range, terrell davis group, market trends, first time homebuyers

Monday, July 23, 2018   /   by Kevin Schumacher

Front Range Real Estate Market June Newsletter

Market Updates by County
Northern Colorado
The summer housing market is in full swing and there is an overstock of buyers in the Northern Colorado market. Compared to this time last year, Single-Family home prices have increased 8.9% in Larimer County bringing the average home price to $462,358. The average home price has increased by 7.9% in Weld County to $381,489. While average home prices have increased we are seeing a lower inventory of homes for sale in both counties compared to 2017.
Click Here to read the full report for Larimer County
Click Here to read the full report for Weld County
Denver
Similar to the Northern Colorado market, home inventory for buyers is the biggest hurdle Realtors® are facing. Earlier this year the average home price in Denver crossed the 1/2 a million mark. Home values are still on the rise with the average home price in Denver currently at $578,670, an 11.6% increase from 2017-2018. 
Click Here to read the full re ...

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  championship real estate, colorado real estate, front range, terrell davis group

Monday, July 23, 2018   /   by Kevin Schumacher

Lack of Listings Slowing Down the Market

As the real estate market continues to move down the road to a complete recovery, we see home values and home sales increasing while distressed sales (foreclosures and short sales) continue to fall to their lowest points in years. There is no doubt that the housing market will continue to strengthen throughout 2018.
However, there is one thing that may cause the industry to tap the brakes: a lack of housing inventory!
Here’s what a few industry experts have to say about the current inventory crisis:
Lawrence Yun, Chief Economist for the National Association of Realtors
“Inventory coming onto the market during this year’s spring buying season…was not even close to being enough to satisfy demand, that is why home prices keep outpacing incomes and listings are going under contract in less than a month – and much faster – in many parts of the country.”

Sam Khater, Chief Economist for Freddie Mac
“While this spring’s sudden rise ...

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  championship real estate, colorado real estate, front range, terrell davis group, market trends

The Kevin Schumacher Team at EXP Realty, LLC
1615 Foxtrail Drive, Ste 260
Loveland, CO 80538
720-230-3030

Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules. © 2020 IRES. Listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS or eXp Realty LLC. *Not intended to solicit buyers under buyers agency, not intended to solicit listings currently listed.*The statements and opinions contained in this advertisement are solely those of the individual author and do not necessarily reflect the positions or opinions of eXp Realty, LLC, or its subsidiaries or affiliates (the “Company”). The Company does not assume any responsibility for, nor does it warrant the accuracy, completeness or quality of the information provided.
Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules. © 2021 IRES. Listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated January 17, 2021 4 PM. Information deemed reliable but not guaranteed by the MLS or Kevin Schumacher - The Kevin Schumacher Team / EXP Realty, LLC.
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