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Kevin Schumacher Team Real Estate Blog

Today’s Expert Insight on the Housing Market [INFOGRAPHIC]

-- According to Lawrence Yun, Chief Economist at NAR, home prices are forecasted to rise.  Results from the Existing Home Sales Report note that home sales declined in March due to the coronavirus, but prices are still strong. 

Uncertainty Abounds in the Search for Economic Recovery Timetable

Earlier this week, we discussed how most projections from financial institutions are calling for a quick V-shaped recovery from this economic downturn, and there’s research on previous post-pandemic recoveries to support that expectation.

Keys to Selling Your House Virtually

In a recent survey by realtor.com, people thinking about selling their homes indicated they’re generally willing to allow their agent and some potential buyers inside if done under the right conditions. They’re less comfortable, however, hosting an open house. This is understandable, given the health concerns associated with social contact these days. The question is, if you need to sell your house now, what virtual practices should you use to make sure you, your family, and potential buyers stay safe in the process?

[MARKET UPDATE] Front Range Real Estate April 2020

While we are midst the COVID 19 Pandemic, where are current market trends thoughout the Colorado Front Range. Watch our video update and see a break down of each city.

How Does the Federal Interest Rate Drop to Nearly 0% Affect You?

The Federal Reserve slashed interest rates nearly to 0% on Sunday. Many are wondering is now a good time to refinance, how can this affect current mortgages, is it still a good time to buy - and many other questions stenting from this information and uncertain time.

Are We About to See a New Wave of Foreclosures?

With all of the havoc being caused by COVID-19, many are concerned we may see a new wave of foreclosures. Restaurants, airlines, hotels, and many other industries are furloughing workers or dramatically cutting their hours. Without a job, many homeowners are wondering how they’ll be able to afford their mortgage payments.

Economic Slowdown: What the Experts Are Saying

More and more economists are predicting a recession is imminent as the result of the pullback in the economy caused by COVID-19. According to the National Bureau of Economic Research:

Why the Stock Market Correction Probably Won’t Impact Home Values

With the housing crash of 2006-2008 still visible in the rear-view mirror, many are concerned the current correction in the stock market is a sign that home values are also about to tumble. What’s taking place today, however, is nothing like what happened the last time. The S&P 500 did fall by over fifty percent from October 2007 to March 2009, and home values did depreciate in 2007, 2008, and 2009 – but that was because that economic slowdown was mainly caused by a collapsing real estate market and a meltdown in the mortgage market.

[MARKET UPDATE] Front Range Real Estate March 2020

Where is the real estate markets current state as we approach the end of Q1 for 2020. Watch our video market update and see a city coparison.

Former Zillow CEO lists home for nearly $8M above Zestimate

Former Zillow CEO and co-founder, Spencer Rascoff listed his home earlier this month for a whopping $8M above what the Zillow Zestimate assessed for his home. You might be thinking this is a surprise, but for an agent we know this doesn't seem off one bit. The company's automated valuation system gives you only an estimate of what your home could actually be worth.

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