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Just Listed: Natural light abounds Oakshire
Welcome home to this bright and updated townhome conveniently located in the Oakshire neighborhood of Thornton.
The main floor has a spacious living area with large windows letting in plenty of light as the end unit. Enjoy the gas fireplace that has just been updated in August and is tucked into the built in entertainment center. Connecting the living room and dining room is the luxury vinyl that was installed in 2021. The kitchen also has new tile flooring and a brand new refrigerator. Upstairs you will find the oversized primary bedroom with vaulted ceilings, a large closet, five piece bathroom and private balcony. Around the corner is the second bedroom with its own expansive closet. Both bathrooms have been updated with new toilets in 2021. With your own two car garage you'll never have to worry about sweeping snow off in the morning. There is a dedicated laundry room on your way to the garage. The furnace has been regularly maintained by a certified technician. Schedule your showing today to see this updated townhouse.
Listed by Gabe Martin for West + Main Homes. Please contact Gabe or current pricing + availability.
Have questions?
West + Main Homes
(720) 903-2912
hello@westandmainhomes.com
Presented by:
Gabe Martin
(970) 275-1122
gabe@westandmainhomes.com
As Featured in West + Main Home Magazine: Sunny Solution
West + Main agent Steph Christianson's home features 3 stunning arch windows in her living room, giving them loads of natural light and beautiful views, but little-to-no protection from that hot Colorado sun.
“After our first year of living in our home, we realized the only solution was going to be to cover the deck. This would block some of the heat coming into our living room.”
To execute the project, Steph contacted West + Main agents Rob and April Schmidt, who also own The Deck Company.
"They wanted the cover to feel as if it had always been there and was built at the same time as the house. So the materials were guided by the existing house." said April.
The roof cover ended up being the perfect solution. "Although the motivation to put a cover on our deck was to lessen the intense sun exposure, we've come to really enjoy the space year round. It's the perfect place to watch a Broncos game, enjoy a Saturday afternoon nap, or start the day with a cup of coffee + a book!" said Steph.
If there is a home that you would like more information about, if you are considering selling a property, or if you have questions about the housing market in your neighborhood, please reach out. We’re here to help.
How Owning a Home Builds Your Net Worth
Owning a home is a major financial milestone and an achievement to take pride in.
One major reason: the equity you build as a homeowner gives your net worth a big boost. And with high inflation right now, the link between owning your home and building your wealth is especially important.
If you’re looking to increase your financial security, here’s why now could be a good time to start on your journey toward homeownership.
Owning a Home Is a Key Ingredient for Financial Success
A report from the National Association of Realtors (NAR) details several homeownership trends, including a significant gap in net worth between homeowners and renters. It finds:
“. . . the net worth of a homeowner was about $300,000 while that of a renter’s was $8,000 in 2021.”
To put that into perspective, the average homeowner’s net worth is roughly 40 times that of a renter’s. This difference shows owning a home is a key step in achieving financial success.
Equity Gains Can Substantially Boost a Homeowner’s Net Worth
The net worth gap between owners and renters exists in large part because homeowners build equity. When you own a home, your equity grows as your home appreciates in value and you make your mortgage payments each month. As a renter, you don’t have that same opportunity. A recent article from CNET explains:
“Homeownership is still considered one of the most reliable ways to build wealth. When you make monthly mortgage payments, you’re building equity in your home . . . When you rent, you aren’t investing in your financial future the same way you are when you’re paying off a mortgage.”
But on top of that, your home equity grows even more as your home appreciates in value over time. That has a major impact on the wealth you build, as a recent article from Bankrate notes:
“Building home equity can help you increase your wealth over time, . . . A home is one of the only assets that have the potential to appreciate in value as you pay it down.”
In other words, when you own your home, you have the advantage of your mortgage payment acting as a contribution to a forced savings account that grows in value as your home does. And when you sell, any equity you’ve built up comes back to you. As a renter, you’ll never see a return on the money you pay out in rent every month.
Bottom Line
Owning a home is an important part of building your net worth. If you’re ready to start on your journey to homeownership, connect with a trusted real estate advisor today.
Read more on Keeping Current Matters.
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Americans are deeply pessimistic about the housing marketGoogle searches for “sell my house” explode
If there is a home that you would like more information about, if you are considering selling a property, or if you have questions about the housing market in your neighborhood, please reach out. We’re here to help.
Americans are deeply pessimistic about the housing market
Price corrections in the housing market may incentivize homebuyers, home-sellers to remain on the sidelines: Fannie Mae.
Home prices have started to drop, but the decline has not been significant enough to slow a growing pessimism about the housing market.
Fannie Mae’s Home Purchase Sentiment Index (HPSI), which tracks the housing market and consumer confidence to sell or buy a home, dropped by 0.8 points in August to 62, marking its sixth consecutive decline. The government-sponsored enterprise attributed high home prices and mortgage rates to the decline, particularly weighing on home-selling sentiment. Year over year, the index is down 13.7 points.
On the seller side, 35% said it was a bad time to sell, rising from 27% in July. About 59% said it’s a good time to sell, dropping from the previous month’s 67%.
“The share of consumers expecting home prices to go down over the next year increased substantially in August. Accompanying this, HPSI respondents reported a significant decrease in home-selling sentiment,” said Doug Duncan, Fannie Mae’s senior vice president and chief economist.
Following a slow down in home price appreciation, prices slipped 0.77% in July from June, marking the largest single-month decline in the housing market since January 2011, according to Black Knight. About 85% of major housing markets, mainly in the West Coast, saw prices pull back from their peak levels, and more price corrections are expected across the U.S.
“We also observed a large decline in consumers reporting high home prices as the primary reason for it being a good time to sell a home, suggesting that expectations of slowing or declining home prices have begun to negatively affect selling sentiment,” Duncan said.
On the other hand, lower home prices would be welcome news for potential first-time homebuyers, who are disproportionately affected by high home prices and high mortgage rates.
Overall, 22% of respondents said it was a good time to buy a home in August, up from 17% a month prior, but 73% said it was a bad time to buy, down from 76% in July.
Consumers were not optimistic about mortgage rates. About 11% of respondents said that mortgage rates will go down in the next 12 months while 61% stated that mortgage rates will go up.
Mortgage rates have been on a rising trend in recent weeks ahead of another potential rate hike by the Federal Reserve later this month. Purchase mortgage rates rose to an average of 5.89% this week.
“With home prices expected to moderate over the forecast horizon and economic uncertainty heightened, both homebuyers and home-sellers may be incentivized to remain on the sidelines – homebuyers anticipating home price declines and potential home-sellers not keen to give up their lower, fixed mortgage rate – contributing to a further cooling in home sales through the end of the year,” Duncan said.
Goldman Sachs, in a paper titled “The Housing Downturn: Further to Fall,” forecasted that new and existing home sales are going to fall 22% and 17% respectively this year. Next year, the investment predicted new and existing home sales will drop another 8% and 14%.
For more info like this, visit Housing Wire.
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If there is a home that you would like more information about, if you are considering selling a property, or if you have questions about the housing market in your neighborhood, please reach out. We’re here to help.
