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Just Listed: Discover the perfect blend of modern luxury and serene comfort in this fully remodeled 5-bedroom, 4-bathroom home located in Erindale Park!

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Discover the perfect blend of modern luxury and serene comfort in this fully remodeled 5-bedroom, 4-bathroom home located in Erindale Park Nestled on a spacious lot, this exquisite property offers a private backyard oasis, ideal for both relaxation and entertainment.

Step inside and be captivated by the sleek, contemporary design that flows throughout the home. The open-concept living spaces are bathed in natural light, highlighting the high-end finishes and meticulous attention to detail. The kitchen is complete with appliances, stylish cabinetry, and an expansive island, is a chef's dream and the heart of the home.

Each of the five bedrooms is generously sized, providing ample space. The luxurious primary suite offers a spa-like retreat with a beautifully appointed en-suite bathroom and walk-in closet. The additional bathrooms are equally impressive, showcasing modern fixtures and premium materials.

Outside, the large, private backyard invites you to unwind in your own personal paradise. You can look forward to beautiful views of sunsets and sunrises on the ebclised patio. Whether you're hosting summer gatherings or enjoying a quiet evening under the stars, this outdoor space is designed to enhance your lifestyle.

Located in a desirable Colorado Springs neighborhood, this home offers convenient access to eateries, local amenities, schools, and beautiful parks. Experience the best of modern living in a home that truly has it all.

Don’t miss the opportunity to make this exceptional property yours. Schedule a private tour today!

Listed by Wanda Wood for West + Main Homes. Please Contact Wanda for current pricing + availability.

 
 
 

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West + Main Homes
(405) 652-6635
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719-287-6740
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Just Listed: Charming Littleton Condo: Cozy Comfort and Prime Location in Lake Chalet Community

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This Lake Chalet community condo offers the perfect blend of comfort and convenience, with 815 square feet of bright, inviting space ready for you to move in.

As you enter this cozy condo, you're greeted by an open floor plan that seamlessly connects the living areas—ideal for entertaining or enjoying a quiet night in. The kitchen features ample storage, granite countertops, and stainless-steel appliances, while the wood-burning fireplace adds warmth on chilly Colorado nights. The spacious bedroom includes a walk-in closet and sliding patio door for easy access to outdoor space. This condo also offers in-unit laundry, plenty of parking, and access to community amenities. Located just a mile off Hwy 285, you’re minutes from nearby trails, Bear Creek Lake, and Red Rocks. Whether you're heading into Denver or escaping to the mountains, this location is the perfect home base. Ideal for first-time buyers or investors looking to add a Westside gem to their portfolio. Welcome home!

Listed by Steph Christianson for West + Main Homes. Please contact Steph for current pricing + availability.

 
 
 

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West + Main Homes
(405) 652-6635
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303-668-6800
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Good News for Homebuyers: Inflation Drops Below 3% for First Time in 3 Years

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Inflation in the U.S. continued to cool last month, signaling imminent relief to homebuyers in the form of lower mortgage rates.

In the 12 months through July, the consumer price index rose 2.9%, according to data released by the Department of Labor on Wednesday. It marked the first time annual inflation has dropped below 3% since March 2021.

On a monthly basis, overall prices ticked up 0.2% from June. That gain was driven almost entirely by rising housing costs, which are reported on a delayed basis. Energy costs were flat on the month, and food prices rose modestly, ticking up 0.2% from June and 2.2% from one year ago.

For prospective homebuyers, the overall cooling of inflation toward the Federal Reserve’s 2% target is good news for mortgage rates, which have already fallen in recent weeks. The central bank is now viewed as extremely likely to begin cutting its current benchmark rate of 5.3% when policymakers next meet in September.

“Today’s data has reassured markets that they will get a rate cut in September and December,” says Realtor.com® senior economist Ralph McLaughlin. “This should put downward pressure on mortgage rates this fall and winter and will set the stage for a much better season for homebuyers in 2025.”

Mortgage rates hit their lowest level in more than a year for the week ending on Aug. 8, with the average rate on a 30-year fixed dropping to 6.47%, according to Freddie Mac.

Typically, mortgage rates follow yields on the 10-year Treasury note, which move in response to investor expectations about inflation, the economy, and future Fed rate moves. Yields on the 10-year swung between slight gains and losses in choppy trading following the new inflation data on Wednesday morning.

The Realtor.com economic team now projects average mortgage rates will fall to 6.3% by the end of this year.

Housing costs are now the biggest driver of inflation figures

Rising shelter costs accounted for 90% of the overall monthly price increases reported from June to July—but there is a major caveat due to quirks in the way shelter costs are calculated.

Shelter accounts for more than a third of the overall consumer price index, but is reported on a delayed basis that can lag up to six months. Costs for homeowners are reported as “owner’s equivalent rent,” or the estimated cost to rent the homeowner’s primary residence.

It means that inflation data for shelter may primarily reflect changes in rental markets up to half a year ago, rather than real-time changes to actual monthly costs for homeowners, who account for two-thirds of the population.

 
 

"While shelter inflation is on a disinflationary path, it is a highly lagged input into CPI so its contributions don’t reflect the current slowdown we’re seeing in the housing market," says McLaughlin. "We anticipate that as the shelter pig works its way through the CPI python, we’ll continue to get better readings through the remainder of the year."

Some economists have argued that the way housing costs are calculated has artificially boosted inflation figures, potentially prompting the Fed to wait too long to cut its benchmark rate.

"Is it possible that the Fed is too late? Until this month, the Fed seems to have been laser-focused on inflation and progress toward the 2% target. But shelter has been an outsized contributor to the consumer price index," says Bright MLS Chief Economist Lisa Sturtevant. "As the Fed has kept rates high, those higher rates have exacerbated housing costs by dampening new housing construction and increasing borrowing costs."

Sturtevant notes that, with housing costs removed from the index, the CPI has averaged just 1.7% since May 2023.

"Even with a rate cut and subsequent declines in mortgage rates, there will be some hesitant homebuyers out there who have had their finances stretched thin and have reached their affordability ceilings. The drop in rates could be too little, too late,” she says.

Could the Fed implement an emergency rate cut?

Recent economic data, including a disappointing July jobs report that sparked fleeting panic in the stock market, has spurred speculation that the Fed could issue an "emergency" rate cut before its next scheduled meeting on Sept. 18.

However, emergency rate cuts are rare and typically come only during times of extreme economic emergency.

Since the turn of the century, there have been seven emergency cuts: three in 2001 in response to the dot-com crash and the terror attacks of 9/11, and two each in response to the Great Recession in 2008 and the COVID-19 pandemic in 2020.

Financial experts are skeptical that the Fed would take emergency action before September, unless the stock market crashes dramatically or key economic indicators take a sudden nosedive.

“The next few months remain critical, even without the emergency rate cut,” says Victor Kuznetsov, managing director of Imperial Fund in Miami. “So, while the Fed will not implement an emergency rate cut, it has signaled that it may consider a larger rate cut in the near future, possibly in September, depending on how the economy evolves over the next few months.”

Indeed, bond markets are now roughly evenly split on whether the Fed will cut rates by a quarter point in September, or issue a larger half-point rate cut, according to the CME FedWatch tool.

A larger rate cut in September would likely prompt a sharper downward move for mortgage rates, spurring both more buyers and sellers to enter the market.

Read more at Realtor.com

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The Great Wealth Transfer: A New Era of Opportunity

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In recent years, there’s been a significant shift in how wealth is distributed among generations. It’s called the Great Wealth Transfer.

Historically, the transfer of wealth from one generation to the next was a more gradual process, often limited to smaller amounts of inheritance or family savings. But today, the scale has increased in a big way. As a recent article from Bankrate says:

“The biggest wave of wealth in history is about to pass from Baby Boomers over the next 20 years, and it’s going to have major impacts on many facets of life. Called The Great Wealth Transfer, $84 trillion is poised to move from older Americans to Gen X and millennials. If it’s managed smartly, Americans will be able to grow their wealth and ensure their financial security.”

Basically, as more Baby Boomers retire, sell businesses, or downsize their homes, more substantial assets are being passed down to younger generations. And this creates a powerful ripple effect that’ll continue over the next few decades. The graph below uses data from Merrill and Cerulli Associates to give you an idea of how much inherited money is set to change hands through 2045:

 
 

Impact on the Housing Market

One of the most immediate effects of this wealth transfer is on the housing market. Home affordability has been a concern for many aspiring buyers, especially in high-demand areas. The increase in generational wealth is expected to ease some of these challenges by providing future homeowners with greater financial resources. As assets are passed down through generations, buyers may find themselves in a better position to afford homes. Merrill talks about that benefit in a recent article:

“While millennials face steep barriers . . . to buying a first home in many markets, ‘that’s a for-now story, not a forever story’ . . . The Great Wealth Transfer should enable more of them to become homeowners — or trade up or add a second home — either through inherited property or the funds for a down payment.”

Impact on the Economy

But the Great Wealth Transfer doesn’t just impact housing. It’s also going to provide a new avenue for entrepreneurial spirits to fuel economic growth. If someone is looking to start a business and they’re receiving funds like this, that money can used as the necessary capital to start a new company. This helps the next generation of innovators and business owners bring their ideas to life.

Bottom Line

While affordability remains a challenge in today’s housing market, the ongoing Great Wealth Transfer is poised to unlock new opportunities. As wealth is passed down and put to use, it’s expected to ease some of the barriers to homeownership and fuel other entrepreneurial endeavors. 

Read more at KeepingCurrentMatters.com

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Just Listed: Stunning Mountain-View Condo in Lone Tree: Modern Living with Unbeatable Amenities

 

Step into a beautifully maintained home that comes fully furnished and ready for you to move in and enjoy.

This stunning 1-bedroom, 1-bathroom condo offers breathtaking mountain views and a spacious, open floor plan designed for modern living. The large kitchen is perfect for cooking and entertaining, while the living area is bathed in natural light, creating a warm and inviting atmosphere. The private balcony is the ideal spot to relax and take in the panoramic mountain views. This secure building offers convenient underground parking, and the unit includes a washer and dryer for added convenience. With a new air conditioner installed in 2022 and a new furnace in 2023, this pet-friendly condo is move-in ready. The low HOA fees provide access to fantastic community amenities, including a sparkling pool, hot tub, community room, and a well-equipped fitness center. Located just 1 1/2 blocks from the light rail and close to shopping, restaurants, and bars, this condo offers the best of Lone Tree living with easy access to everything you need.

Listed by Mark + Sue for West + Main Homes. Please contact Mark + Sue for current pricing + availability.

 
 
 

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West + Main Homes
(720) 903-2912
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(303) 667-6279
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