homebuying tips

Welcome to my comprehensive analysis of the 2023 Colorado Springs real estate market. In this video I delve into the latest trends, statistics, and forecasts shaping the housing scene in one of Colorado's most dynamic cities.

This year has brought unexpected changes to the Colorado Springs housing market, and I’m here to unpack what these shifts mean for you. Despite a significant decrease in the number of homes sold, reaching a ten-year low, prices are doing something interesting. This video will break down these complex dynamics, offering insights into both average and median home prices.

I explore the factors driving these trends, including balancing inventory levels and extended market times for homes. High interest rates have also played a critical role, challenging many potential homebuyers. This has led to a gradual shift from a seller's market to conditions that are increasingly favorable to buyers.

Is Colorado Springs entering a buyer's market? I analyze current market conditions, the volatility in home prices, and what the future might hold. While the market is far from crashing, it's clear that a significant shift is underway. What can we expect for 2024 and beyond?

This video is an essential resource for homeowners, sellers, buyers, and real estate enthusiasts looking to understand the nuances of the Colorado Springs housing market. Stay informed and ahead of the curve with my detailed analysis, based on the latest data and expert insights.

Please like, share, and subscribe for more real estate trend updates and market analyses. Your support enables me to bring more valuable content your way. I'm eager to hear your thoughts and perspectives on the Colorado Springs housing market, so please share them in the comments below!

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Ever wondered why you're shelling out for private mortgage insurance (PMI) that seems to only protect the lender? Fear not, finance novices and seasoned homeowners alike, we're putting PMI under the microscope in this episode, and you may be surprised at what we uncover. Join your host, Jeff Smith, as he dives into the ins and outs of PMI and the factors affecting its cost. He'll also shed light on the competitive landscape of PMI providers and how technology has led to a decrease in PMI costs, ultimately benefiting borrowers like you.

But wait, there's more! Jeff is also challenging the conventional wisdom that PMI is an unnecessary cost to avoid. Could paying PMI and entering the housing market sooner actually be a smarter financial decision, especially for first-time homebuyers? Tune in to discover a fresh perspective that could redefine your approach to home buying. And remember, your support can make a huge difference - sharing this podcast, leaving a five-star review, or reaching out with questions. So, here's to turning fear into knowledge and making smarter financial decisions together! Let's uncover the truth about PMI on 'Fairways and Finance'.

Important Links & Info:
Follow Jeff:
Instagram: https://www.instagram.com/jeffsmithaz/
Facebook: https://www.facebook.com/profile.php?id=100002927397116
LinkedIn: https://www.linkedin.com/in/jeff-smith-40627016/

Jeff Smith - Tiger Home Loans
📲 480.909.4000
📩 jeff@tigerhomeloans.com
🔗 www.tigerhomeloans.com
Equal Housing Opportunity
Tiger Home Loans NMLS: 2425582 NMLS: 413643

In this episode of the Fairways and Finance podcast, Jeff Smith dives into the topic of interest rate locks in the mortgage industry. With the current market volatility, understanding interest rate locks is crucial. Jeff explains how mortgage companies make money by closing loans and selling them to government agencies like Fannie Mae or Freddie Mac. The value of a loan is determined by the rate at which it was locked. By locking in an interest rate, borrowers can reserve pricing from a specific day, ensuring that their rate remains unchanged during the underwriting approval process.

Jeff discusses the considerations consumers should make when deciding whether to lock their rates. He advises locking in the rate upfront, especially in the current market environment. While there is a risk of missing out on a potentially lower rate, protecting oneself from a higher payment is generally the safer choice. Jeff also touches on the possibility of rate renegotiation if market rates significantly improve during the underwriting process.

Jeff emphasizes the importance of having a thorough conversation with a lender before shopping for a home. Understanding the monthly payment and eligible rates is crucial for budgeting and avoiding financial trouble in the long run. Jeff concludes the episode by inviting listeners to share their experiences and reach out with any questions they may have.

If you're interested in the mortgage industry, growing wealth, and the intersection of golf and finance, Fairways and Finance is the podcast for you. Tune in to gain insights into interest rate locks and make informed decisions about your mortgage journey.

Important Links & Info:
Follow Jeff:
Instagram: https://www.instagram.com/jeffsmithaz/
Facebook: https://www.facebook.com/profile.php?id=100002927397116
LinkedIn: https://www.linkedin.com/in/jeff-smith-40627016/

Jeff Smith - Tiger Home Loans
📲 480.909.4000
📩 jeff@tigerhomeloans.com
🔗 www.tigerhomeloans.com
Equal Housing Opportunity
Tiger Home Loans NMLS: 2425582 NMLS: 413643

We're talking about upfront costs in purchasing a home and a great way to budget for monthly expenses. We'll also touch on down payment assistance and what you should consider.

Equally important, we'll wrap up by discussing calculating the costs of not purchasing a home. We often get consumed with the cost of purchasing something that we often neglect what it costs to not purchase something. Stability and peace of mind are things that don't easily translate into a monetary cost.

Please like us on your platform of choice and for more good content follow me:
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Visit the website GALoanOfficer.com for additional mortgage information
Visit AlertPropertiesRE.com for the real estate experts to help you buy or sell your next home.

Thank you for listening!

#021 - Do Not Miss the Final Walk Thru - Dead Mouse in Kitchen Sink!

Associate Broker John Marion talks about the importance for buyers to do a final walk thru prior to closing and why buyers need a full-time, experienced agent representing them.

Missing the final walk thru is a huge mistake. Agents who do not perform the final walk thru do a dis-service to their client.

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Innovative Properties Group is a real estate agent team with RE/MAX Town & Country in Canton, GA.

102 Overlook Cir, Suite A
Canton, GA 30115
404-410-2927