Denver Home Loan & Real Estate Spotlight
Bill Simmons and Ryen Russillo are media personalities on The Ringer, a website dedicated to sports and pop culture. Both achieved fame as prominent personalities for ESPN. While known for discussing sports, their conversation about the Denver Nuggets turned to real estate. Simmons and Russillo agreed that Denver is a great place to live and that people are flocking there from all over. Are these sports experts right about Denver real estate?
No Reason To Fear Mortgage Foreclosure Wave
Homeowners should remain confident that there will not be a wave of foreclosures that will destroy their home values or equity overnight. Homebuyers should not be complacent, thinking they can wait for a flood of mortgage foreclosures to cause home prices to drop. While anything is possible, this scenario is incredibly unlikely.
Is It Time To Refinance Your Mortgage?
Today, it looks like conditions are favorable for homeowners who have been considering a mortgage refinance. Rates appear to only be going higher and home values are already at all-time highs. How much longer can today’s environment remain favorable? The bottom line is that if you are a homeowner who has not recently refinanced their mortgage, it might be time to explore it.
First-Time Home Buyers Should Consider Multi-Family Homes
Not everyone wants to a own a multi-unit property. Not everyone dreams of using real estate as an investment vehicle. However, for those that do, it is worth looking into whether it makes sense to buy a multi-family home first and then consider a single-family home later down the road.
Don't Fear Foreclosures
A large wave of foreclosures is extremely unlikely. Homeowners have several options when it comes to dealing with their forbearances, and many homeowners have already dealt with their loans. Any foreclosures will not be commonplace, and both buyers and sellers should be confident the real estate market.
Home Buyer Forecast for 2022
The bottom line is that 2022 is lining up great for home buyers. Rates will increase, but will still be at an extreme discount compared to historical rates. At the same time, inventory will increase which will mean that it is easier to buy a home without as many bidding wars. This is great news for home buyers. If you want to stop renting and become a homeowner, 2022 is a great year for it.
Winter Is Home Buyer Season
This winter home buyers are finding themselves in a favorable market. Market rates are still very low, which means that home buyers will save money over the life of a mortgage. At the same time, inventory is about to improve, which means that home prices will level off. Home buyers should take advantage of these conditions before mortgage rates rise.
Boston Home Buyers Face Thriving Market
Buying a house at today’s prices means that you benefit from tomorrow’s rising prices. On top of that, the likelihood of rising mortgage rates means your mortgage will be more expensive. Today’s real estate market is thriving all over the nation, but especially in Boston.
No Relief In Sight For Renters
Unfortunately for renters, the trends are pretty clear that they should not expect any relief when it comes to rent prices. Fortunately, becoming a homeowner is a great way to get out of the misery of constantly rising rents. While many headlines have been devoted to the difficulties of buying a house in today’s market, the truth is that the market is improving.
Good News For Home Buyers
It is impossible to predict what will happen to the number of active listings going forward, but it is clear that data from the previous few months is positive for home buyers. Home prices are leveling off and it seems like there are a number of ways that home inventory will be increasing. As such, it seems likely that the extreme sellers market is waning and that home buyers are in a much more favorable position.
Don’t Fear Forbearances
At the end of September, we are facing another expiration. This time it is the end of the forbearance extension. Those that are waiting for this expiration to finally be the death knell of our real estate bull run will be sorely disappointed. Home buyers and homeowners will continue to reap the benefits of a solid real estate market.
Peoples Choice Mortgage Goes Viral In A Good Way
We are very serious about helping you buy the home of your dreams. However, we also know that life is not worth living if you cannot have fun. Our team had a great time putting these videos together and we truly hope you have some fun watching them.
Home Prices Reveal Patterns
Why is it that the most expensive homes and the least expensive homes have seen their prices increase so much compared to other homes? What do these trends mean for home buyers and the real estate market overall? The team at Peopels Choice Mortgage is here to break it down.
Rent Doesn’t Make Sense
By making sure we get the most bang for our buck for our housing expenses we can truly impact our ability to generate wealth. If you really scrutinize whether or not it is best to rent or buy a house, it’s clear that renting doesn’t make sense.
Why Homeowners Are Turning To Cash-Out Refinances
Some homeowners are looking to take advantage of today’s mortgage rates and do even more than merely save some cash. They have been looking for ways of tapping into their home’s equity and getting some extra cash to improve their lives. Homeowners have been doing this with cash-out refinancing.
A Solution To The Affordable Housing Crisis
Basically, we are witnessing an affordable housing crisis in our nation. Fortunately, there is a solution to this crisis that does not require political action. The solution is simple: buy a house.
Everyone Deserves To Be A Homeowner
One of our missions is to fight for our clients and help them come up with a plan to own a home of their own. This is a powerful mission because the benefits of being a homeowner are powerful. Owning a home provides material and immaterial benefits that are truly life changing. That is why we believe that everyone deserves to own a home.
Homeowners Rejoice With Rising Equity
If you are someone who purchased a home before last year or early in the market’s rise, you are doing great. Chances are, the value of your home has risen dramatically. In that case, it is also likely that your equity has risen, too. That is great news for homeowners and the team at Peoples Choice Mortgage is here to breakdown why homeowners are rejoicing.
The Financial Gains of Homeownership
There are many financial and non-financial benefits of homeownership, and the greatest financial one is wealth creation. And by simply stating the word “wealth creation,” many Americans will automatically disqualify themselves from a candidate. However, as a lender that has a strong foundation in believing in building a future for yourself and your family, we pride ourselves in helping everyone we can create their path to homeownership. Homeownership has always been the first rung on the ladder that leads to forming household wealth
Today’s Economic Snapshot
… It is important to sometimes take a step back and take a broad assessment of important economic trends and data. This broad picture can go a long way toward helping us understand what is happening with the real estate market and what is on the horizon. With that being said, here is an economic snapshot of data and trends that plays a role in the future of the mortgage and housing market.