Winter Park Area Real Estate Market Report from August 2021

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Winter Park Resort announces opening date for 2021

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Winter Park Resort plans to open for the 2021/22 winter season on Nov. 17.

While the opening date depends on weather and conditions, resort officials said they are preparing for the snow to fly.

Last year, Winter Park had a later start to the season, marred by COVID-19 and the nearby East Troublesome Fire, and did not open until Dec. 3. In 2019, the ski resort had its earliest ever opening on Nov. 3.

Winter Park Resort has not announced what COVID regulations will be in place this ski season.

Winter Park’s Trestle Bike Park is still open seven days a week through Oct. 3. Other summer activities will be open weekends also through Oct. 3.

For more information about summer or winter adventure at Winter Park Resort, visit http://www.WinterParkResort.com.


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Just Listed: Remodeled 1 Bedroom in Winter Park Meadows

 
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Totally updated 1 bedroom in Fraser!


Great location with easy access to grocery store, restaurants, coffee shops, breweries, Fraser River Trail and on the free shuttle route. Great storage for bikes, skis etc. and common coin operated W/D. Large indoor and outdoor common space.

Listed by Leah Bishop for West + Main Homes. Please contact Leah for current pricing + availability.

 
 
 

Have questions?
West + Main Homes
(303) 935-8787
hello@westandmainhomes.com

Presented by:
Leah Bishop
(970) 531-4723
leahbishop@westandmainhomes.com


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Just Listed: Upgraded Mountain Living in Conifer

 
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This well maintained home offers the serenity of mountain living on a large lot treed lot with the convenience of modern upgrades and easy access to 285.

Enjoy views of Pikes Peak from the expansive windows in upper level living room or from the spacious Trex deck that offers plenty of room for outdoor entertaining. The almost 1-acre lot is level and very usable space to play or gather and enjoy the large firepit. Great access to internet service makes this perfect for those working from home. The neighborhood roads are publicly maintained and plowed in the winter and since the driveway faces east, there is rarely much snow to shovel. The attached oversized 2-car heated garage offers plenty of room for storage or workspace or home gym! Additional storage available in the 10x12 Tuff Shed. Recent upgrades include Tesla solar panels and wall batteries (2021), 50 amp exterior EV plug, Ring flood light, smart locks, smart garage door (2020), Nest smoke/carbon monoxide detectors, new Anderson storm doors, new dishwasher (2021), whole house water filtration and softener, radon detector and mitigation system. The exterior was just stained and painted in 2020, new roof in 2017, and new boiler in 2018.

Listed by Marla Doughty for West + Main Homes. Please contact Marla for current pricing + availability.

 
 
 

Have questions?
West + Main Homes
(720) 903-2912
hello@westandmainhomes.com

Presented by:
Marla Doughty
(720) 454-5432
marla@westandmainhomes.com


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Experts predict foreclosures to rise by end of year, here’s how you can avoid one

 
 

Prior to the expiration of the federal foreclosure moratorium in July, data shows that foreclosure activity decreased slightly last month. However, experts predict it could begin to increase throughout the second half of 2021.

here were more than 12,000 properties with foreclosure filings, or default notices, scheduled auctions or bank repossessions, in July, according to ATTOM Data Solution’s July 2021 U.S. Foreclosure Market Report, which was released on Aug. 17. This is down 4% from the previous month but up 40% from 2020. 

"The end of the government’s moratorium won’t result in millions of foreclosures, but we’re likely to see a steady increase in default activity for the balance of the year," Rick Sharga, the executive vice president of RealtyTrac, a subsidiary of ATTOM, said. "Much of the foreclosure volume will come from the reinstatement of foreclosure proceedings on properties that had already been in default prior to the pandemic, and new foreclosure activity on vacant and abandoned properties."

If you are struggling to make your mortgage payment on your current homes and are at risk of falling into foreclosure, consider refinancing to save money on your monthly payments. Visit Credible to see how much you could save by lowering your interest rate.

How to avoid foreclosure

Following the end of the foreclosure moratorium, more homeowners became at risk of falling into foreclosure if they were unable to make their monthly payments. However, in today’s strong housing market there are several options available to homeowners. 

Many homeowners with mortgages backed by the federal government were previously protected under a foreclosure moratorium until it expired in July. However, the government’s eviction moratorium expires at the end of September. Homeowners that went into COVID-19-related forbearance periods at the beginning of the pandemic will start to see those periods expire in the coming months. However, there are still options for them even as their forbearance period ends, such as a loan modification or a mortgage refinance. Refinancing can help homeowners lower their monthly mortgage payments, and they can compare multiple lenders at once through an online marketplace like Credible. 

Here are a few options homeowners have to help them avoid foreclosure and reduce their monthly payments:

  1. Refinance

  2. Forbearance

  3. Sell the home

Refinance: Mortgage interest rates are at historic lows and remain below 3%. As of Aug. 19, the average 30-year fixed-rate mortgage is 2.86%, according to a weekly report from Freddie Mac. With these low rates, borrowers can lower their mortgage payments and potentially save hundreds of dollars per month. Even some homeowners who bought at the beginning of the pandemic could still benefit from a mortgage refinance. Visit Credible to compare rates from multiple lenders at once and see which one is the best fit for you. 

Forbearance: Those that experienced financial hardship have the option to request pandemic-related forbearance. Some federal programs allow up to 18 months of forbearance for homeowners. Loans backed by federal agencies such as the Department of Housing and Urban Development (HUD), Federal Housing Administration (FHA), Veterans Affairs (VA) and the Department of Agriculture (USDA) have a deadline of Sept. 30, 2021, to apply for forbearance. There is currently not a deadline set for loans backed by Fannie Mae and Freddie Mac, which back the majority of home loans in the U.S. You can check the Consumer Financial Protection Bureau’s (CFPB) information site or talk to your mortgage servicer to learn how to apply for forbearance. 

Sell the home: Home prices are on the rise, increasing nearly 17% annually in May. Those having trouble making their mortgage payments also have the option to sell their home at a time when homeowners are seeing record-high equity levels. If you’re considering selling your home and are interested in buying a new one that is more affordable, visit Credible to compare mortgage lenders and get prequalifed in minutes without affecting your credit score. With Credible, you can also speak to a home loan expert and have all your questions answered.

Learn more.

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