Buying a Colorado Property.

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Interest rates are at the top of everyone's minds right now, especially if you are in the market for a home. But your interest rate isn't set in stone.

Several factors play into the interest rate on your loan, and you are in control of a lot of what affects it. Here are some of the things that can affect the interest rate on your home loan. Let us know if we can help you determine what your home loan may look like.

1. Credit scores
Borrowers with higher credit scores generally receive lower interest rates than borrowers with lower credit scores. Lenders use your credit scores to predict how reliable you'll be in paying your loan. Credit scores are calculated based on the information in your credit report, which shows information about your

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It turns out Americans weren’t ready to become a nation of renters. Homeownership is back in.

As reported by The Washington Post, new data indicate that in 2016, in defiance of myriad prognostications, the decade-long decline in the homeownership rate abruptly reversed. Once-rapid growth in renter households stalled, and the long-stagnant number of owner-led households began rising.

The most recent Housing Vacancies and Homeownership survey shows homeownership rates rose from a low of 63 percent in the second quarter of 2016 to 64.6 in the fourth quarter of 2018, adjusted for seasonality. This move reflects changes in the status of millions of households. The homeownership rate has regained all the

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Rising rents are making it near impossible for renters to save for a down payment.

A new HotPads® analysis concluded that there is one way that young adults are trying to combat this change. Moving back in with Mom and Dad. 

HotPads, a rental search platform that is part of Zillow Group, found that the median home value is $225,300, meaning a 20 percent down payment is about $45,000. If a renter earning the median annual income saves 16.5 percent of their income after accounting for housing costs each month – the typical rate of savings for U.S. renters – they would have enough saved after eight years.

With the typical renter spending about 34 percent of their income on housing, one can see how moving in with parents makes sense. If a renter

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While opponents of homeownership claim it's "the American nightmare," self-made millionaire David Bach is doubling down on his faith in real estate.

He thinks that not prioritizing homeownership is "the single biggest mistake millennials are making."

Buying a home is "an escalator to wealth," he tells CNBC.

Young adults in particular aren't hopping on this escalator, and it's a costly mistake, Bach warns: "If millennials don't buy a home, their chances of actually having any wealth in this country are little to none. The average homeowner to this day is 38 times wealthier than a renter."

The self-made millionaire is quick to say that the smartest investments he's ever made have been the three homes he's purchased. He tells CNBC: "I

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What do Homebuyers Want?

Laundry rooms and Energy Star–compliant windows topped the list of what buyers considered the most “essential” or “desirable” features in a home, according to the National Association of Home Builders’ 2019 “What Home Buyers Really Want” report, released at the NAHB International Builders’ Show in Las Vegas this week.

Most of the features that new homeowners or aspiring buyers ranked highest related to helping them save in utility costs, add extra storage, and spruce up the outside, said Rose Quint, the NAHB’s assistant vice president of survey research.

The NAHB surveyed nearly 4,000 consumers who either purchased a home within the last three years or plan to buy a home in the next three years to identify their top

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If you’re in your 20's or early 30's and you’re looking to purchase a new home to live in, maybe you should consider turning your first home into an investment property.

While most people wait until after they’ve bought their first or second home to begin investing in real estate, you could probably start much sooner than you think. 

Many people, especially in the wake of the mortgage crisis, have found themselves wondering: “Is buying a house a good investment?” One way to ease your worries about whether buying a house will pay off is by renting out the first home you buy. By turning your home into an investment property, you can leverage your possibly less-than-perfect credit, less-than-perfect lifestyle and limited responsibilities into an…
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Living on the same property, whether in a granny suite or under the same roof, has gained popularity.

Multigenerational housing, which consists of two or more adult generations, 25 years or older, in one household has risen to a record 64 million people in 2016, according to a Pew Research Center analysis of census data. This is a 23 percent increase from 2009, when 52 million people lived in multigenerational housing. The trend has been on the rise since the 1970s.

The reasons can be attributed to a number of things, says Domonique Rodriguez with Berkshire Hathaway in Ventura, California. Among them:

  • A shortage of affordable housing.
  • Wage stagnation.
  • Adult children wanting to care for their parents.
  • Grandparents helping out with
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One sign of a hot housing market is an influx of new residents...

And these are the states who attracted the most new residents from July 1st, 2017 to July 1st, 2018. 

1. Nevada

Growth in Population: +2.1 percent (3.03 million)

2. Idaho

Growth in Population: +2.1 percent (1.75 million)

3. Utah

Growth in Population: +1.9 percent (3.16 million)

4. Arizona

Growth in Population: +1.7 percent (7.17 million)

5. Florida

Growth in Population: +1.5 percent (21.3 million)

6. Washington

Growth in Population: +1.5 percent (7.54 million)

7. Colorado

Growth in Population: +1.4 percent (5.7 million)

With the addition of close to 62,000 people (accounting for births and new residents), Nevada is the fastest-growing,

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As a whole, the national housing market is in a period of transition—but that doesn't mean every city is experiencing it the same way.

According to a forecast recently released by Veros, appreciation, on average, is expected to be 3.9 percent in the 100 largest markets this year—but there are areas bucking the trend, and clear patterns where prices are on the rise.

Case in point? Idaho. From Boise to Idaho Falls, home prices are projected to spring up 8 percent or more for the year. Jump one state over to Washington, and prices are projected to sprout there, too. (Hint: It's not Seattle!)

According to the forecast, the top 10 growth markets for the year are:

  1. Boise City-Nampa, Idaho (+9.5%)
  2. Olympia, Wash. (+8.8%)
  3. Midland, Texas
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NAHB consumer preference data suggests that like prior generations, Gen-Xers and Millennials desire homeownership, and for a variety of reasons, townhomes fit the bill.

All those cranes that you see around Denver are also a common sight in cities across the country...and along with new apartment buildings, hotels, and other commercial construction...many of those projects are Luxury Condos aiming to accommodate homebuyers who want a single-family feel with better walkability. They are also looking for amenities like rooftop pools and decks, concierge services, and lock-and-leave ability to accommodate frequent travel.

According to Forbes:

“They want a suburban-type feel, but the one thing that may have changed, particularly for Millennials,

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