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Home Sales Soar Throughout the Country

It’s not just Colorado that has a booming market full of buyers, it’s everywhere in the U.S.!  Now is the time to sell and find your next dream home.  Check out this article from The Denver Post about the rising home sales throughout the country —

U.S. home sales soar in July to fastest pace since 2007

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By The Associated Press

The U.S. housing market contains a mere 4.8 months’ supply of homes.(Associated Press file)

WASHINGTON — Americans stepped up their homebuying for a third straight month in July, as sales accelerated to the strongest pace in eight years.

The National Association of Realtors said Thursday that sales of existing homes rose 2 percent last month to a seasonally adjusted annual rate of 5.59 million, the fastest rate since February 2007.

Sales have jumped 9.6 percent over the past 12 months, while the number of listings has declined 4.7 percent.

The housing market contains a mere 4.8 months’ supply of homes, meaning that prices are rising for an increasingly narrow set of properties. The median home price climbed 5.6 percent over the past 12 months to $234,000. Just 28 percent of the purchases last month went to first-time homebuyers, a group that historically accounted for 40 percent of sales.

“When first-time homebuyers compete with people who are more qualified borrowers that have additional cash, they tend to lose,” said Budge Huskey, CEO of the real estate brokerage Coldwell Banker.

Contact The Strange Team today to see how this market has increased the value of your home!  For loan information contact our business partner and preferred lender Dustin Hodges at Summit Funding, Inc. (NMLS ID# 3199)

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Dustin Hodges
Direct: 303.668.7605
Email: dustin.hodges@summitfunding.net
NMLS ID#: 269783
DORA ID#: LBM100030291

 

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6 Easy Steps To Homeownership

Interested in buying a home, but have no idea where to start?  Check out our easy steps to home ownership below —

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  1. Pre-Approval

Critical 1st step in knowing your buying power and a valuable tool in helping your offer to be accepted by sellers.

  1. Hire an Agent

Having a trusted Real Estate Team working for you will save you time, money & stress in finding the right property.

  1. Home Search

Make a list of your must-haves. Select homes that meet your property & budget criteria

  1. Make Offer/Sign Contract

Once your offer is accepted you and the seller will sign a contract!

  1. Property & Documentation

The home is inspected & appraised to support value. Your documentation is verified.

  1. Closing & Your Keys!

Upon final loan approval, Title Company schedules your signing appointment to close and your keys are delivered!

 

The Strange Team and Summit Funding Inc. are ready and willing to make your home owning dreams come true!

For more information, contact The Strange Team at info@thestrangeteam.com or 720.295.4350 and our lending partner, Dustin Hodges at Summit Funding, Inc. (NMLS ID# 3199)

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Dustin Hodges
Direct: 303.668.7605
Email: dustin.hodges@summitfunding.net
NMLS ID#: 269783
DORA ID#: LBM100030291

 

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Denver Post Shines Light on Millennials and The Housing Market

 Check out the headline from the front page of the Denver Post today — Are you concerned about the hoops you have to jump through to become a homeowner?  The Strange Team is here to make those hurdles incredibly easy to maneuver!  Our main goal is to make the process to purchase your home, whether it’s your first or tenth, as painless as possible.  Now is the time!  Contact us today at info@thestrangeteam.com for all of your real estate needs!

Millennials in Denver want to buy homes, but not now

Millennials face several hurdles on the way to home ownership, but the will to buy remains.

By Aldo Svaldi
The Denver Post

POSTED:   07/28/2015 12:01:00 AM MDT
Lauren Frommer, a jewelry designer, bought her first home in the Cherry Creek neighborhood. A recent study shows that millennials are buying fewer homes

Lauren Frommer, a jewelry designer, bought her first home in the Cherry Creek neighborhood. A recent study shows that millennials are buying fewer homes than past generations. (AAron Ontiveroz, The Denver Post)

Lauren Frommer, 28, socked away a fifth of every paycheck and last month purchased a Cherry Creek condo, renting out two of the three rooms to friends who help her cover the mortgage.

“It feels like when you are renting, you are throwing away money,” Frommer said.

But Frommer’s view doesn’t appear to be the most common one among her peers, the millennials born between 1980 and 1997.

Her roommate Kate Braden, also 28, said she prefers the freedom that renting provides, and even Frommer concedes locking in a mortgage seemed frightening at first.

“I’ll start to look at houses when I am ready to settle down,” said Braden, who estimates it will be another five years before she purchases a home.

At the end of last year, only 35.8 percent of adults under age 35 owned their own home, the smallest share in U.S. Census Bureau records dating back to 1982.

A decade ago, 43.1 percent of adults in that age range owned a home, and much of the decline in U.S. homeownership rates falls squarely with young adults who are delaying purchases.

“Most young people still aspire to own a home, but the question is that it is becoming more difficult,” said Andrew Woo, a data scientist with Apartment List, a San Francisco-based apartment listing service.

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At some point

Apartment List surveyed nearly 6,000 adults age 18 to 34 who were renting and found nearly three out of four expected to purchase a home at some point.

But only a quarter expected to do so in the next two years, and more than half don’t expect to own a home until 2018 or beyond.

Woo cites a variety of reasons of why millennials are delaying home purchases. Many graduated with heavy student loan debts and are struggling to find stable employment and incomes, leaving them less able to qualify for a mortgage.

They are marrying later, reducing another important motivation to purchase a home. And some were turned off by the housing market after seeing family members go through foreclosures.

One school of thought is that they eventually will own, just at a later age than previous generations, and the pent-up demand will drive home sales for years to come.

But another view is that many in that generation could find themselves trapped renting, reducing their ability to accumulate wealth and secure a stable retirement.

“The future housing decisions of millennials will have a major impact on the economy,” Woo said.

Millennials who were married, who had a college degree or earned higher incomes were more likely to say they wanted to buy. But in an interesting twist, those with advanced degrees, and thus more student loan debt, were less likely to say they planned to buy.

Not unexpectedly, the older millennials were, the more likely they were to indicate they would buy a home in the near future.

Miami, St. Louis, San Francisco, Boston and New York and San Jose, Calif., were cities where millennials expected to become home owners at a lower rate.

Cincinnati, Atlanta, Denver, Washington and Austin, Texas, were among the metro areas where millennials expressed a higher interest in buying.

When housing costs are very high, as in Manhattan, renters are more likely to resign themselves to not purchasing a home.

In Denver, 81 percent of millennial renters surveyed said they wanted to buy a home at some point.

Denver is interesting in that it is starting to look like more expensive housing markets where rising costs outstrip incomes. But renters still aspire to buy a home at rates seen in more affordable housing markets, Woo said.

A Bloomberg survey last month ranked Denver among 13 U.S.cities with the widest gaps between what millennials make and what a home costs.

The median millennial salary of $39,492 in Denver was $2,620 short a year of the minimum salary needed to buy the median home, including saving up a 20 percent downpayment.

While Denver’s gap wasn’t as extreme as the ones found in many part of California, it highlights the risk that the metro area could lose its appeal with young adults going forward.

Living in the now

Frommer previously worked in the natural resources industry before becoming a jewelry designer and said the industry’s instability motivated her to lock in a home.

But she admits others her age seem much less concerned with saving for the future than living for the moment. Why save for a down payment when there are concerts to see and trips to make?

Braden, who grew up in a military family that moved a lot, said she has the income to take on a mortgage but prefers the freedom and flexibility that renting provides.

“I would have a house commitment issue,” she said.

Aldo Svaldi: 303-954-1410, asvaldi@denverpost.com or twitter.com/aldosvaldi

For more information, contact The Strange Team and our lending partner, Dustin Hodges at Summit Funding, Inc. (NMLS ID# 3199)

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Dustin Hodges
Direct: (303) 668-7605
Email: dustin.hodges@summitfunding.net
NMLS ID#: 269783
DORA ID#: LBM100030291

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Become the Master of Your Domain – Grill Master Edition

Here at The Strange Team, we hope you’re gearing up for a great 4th of July holiday weekend!  One of our favorite parts of this fantastic celebration is the BBQ!

Check out these great tips from Food and Wine magazine for a delicious grill experience every time!

 

1. Grill over wood

Forget about the gas-versus-charcoal debate: Wood is the only fuel that adds real flavor to food. If possible, use whole hardwood logs in a wood-burning grill. The next best option is to burn hardwood chunks in a regular grill. (Light them in a chimney starter as you would charcoal.) As a last resort, toss some wood chips onto the coals of your charcoal grill—you use hardwood charcoal, right?—or in the smoker box of your gas grill just before you begin grilling.

 

2. Keep your cool

You don’t need to bring steaks to room temperature before grilling: There’s no appreciable difference in cooking time. Steak houses keep meat refrigerated until they’re ready to cook it—for reasons of convenience and food safety—and so should you.

3. Line it up

Align the food on your grill in a neat row with soldierly precision. This helps you keep track of which foods went on the fire first, so you can turn them and take them off in order. Plus it looks more professional— and looking professional is half the battle.

 

4. Flip just once

You can’t get killer grill marks (the signature of master grillmanship) or accurately gauge cooking time if you’re compulsively turning over your steak every 10 seconds. To lay on a handsome set of crosshatches, rotate the steak 90 degrees after a couple of minutes of grilling.

5. Season before grilling

You might have heard that salt “bleeds” the juices out of raw meat: It doesn’t. Instead, it helps steaks form a savory crust as they cook. Just before putting the steaks on the grill, sprinkle on a generous amount of coarse salt and freshly ground black pepper.

6. Keep the grate hot, clean and oiled

This is the grill master’s mantra. Following it will prevent food from sticking and give it excellent grill marks. Before grilling, scrub the hot grate with a wire brush, then rub it with a tightly folded paper towel dipped in oil. Scrub the grate again when you’re finished cooking.

7. Grill your veggies

The dry heat of a grill intensifies a vegetable’s natural sweetness. Grill tender, watery vegetables, such as bell peppers and onions, directly over the coals. Grill dense or starchy vegetables, such as sliced potatoes and eggplant, using indirect heat, as far away from the coals as possible.

8. Grip, don’t stab

Use a pair of tongs—not a barbecue fork or, worse, a knife—to turn meat or move it around on the grill. Forks and knives poke holes in the meat that can allow precious juices to drain out. If you must cut and peek to check doneness, make a small slit with a knife.

9. Know when it’s done

For steaks, chops and chicken, poke the meat with your finger: If it feels soft and squishy, it’s rare; yielding, medium-rare; only slightly yielding, medium; firm and springy, well-done. For large cuts of meat, use an instant-read meat thermometer (even barbecue pros use them). Just don’t let it touch any bones, or you’ll get a false reading.

10. Let it rest

When you grill a piece of meat, its muscle fibers contract and drive the juices to the center of the cut. Meat served right off the grill will taste tough and dry, but a post-grill rest allows the muscle fibers to reabsorb the juices, resulting in a tender and succulent cut. Larger pieces of meat, like leg of lamb and pork shoulder, need to rest longer than steaks and chops—for approximately 15 minutes.

For recipes  –  http://www.foodandwine.com/articles/10-easy-ways-to-master-the-grill

 

Interested in looking into a new domain to master?  Let us help you and contact The Strange Team today!

info@thestrangeteam.com
720.295.4350

Have a safe and Happy 4th of July!

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July 4th Fireworks – Town by Town!

July 4th 2015 is upon us!  BBQs, family gatherings and of course — FIREWORKS!  Check out the guide below to see when and where you can catch your local fireworks this weekend! (brought to you by our friends at 7News Denver)

ARVADA – Events start at 4 p.m. at the Lutz/Stenger Sports Complex, entrance at 58th Avenue and Oak Street.  Apex Park & Recreation District, Arvada Festivals Commission and KOOL105 will provide free entertainment and a variety of food will be available for purchase. Fireworks cap off the evening. More: arvada.org

BRIGHTON

  • Adams County is hosting a NEW fireworks event in Brighton. The Stars and Strips fireworks event will kick off at 4 p.m. with an opening ceremony honoring military and first responders  at the Adams County Regional Park, 9755 Henderson Road, Brighton.  A massive fireworks display is scheduled to start at approximately 9:45 p.m. Immediately following the pyrotechnics, visitors are invited to enjoy a screening of the film “Top Gun.” Learn more atAdcoGov.org
  • The Concert, Fireworks and laser show begins at 2 p.m. Fireworks will go off in Carmichael Park at dusk. More info: brightonco.gov

BROOMFIELD –  The Great American Picnic celebration begins at 5 p.m. with a bike parade, pony rides, inflatables, free concerts, and fireworks display at dusk. Bring your picnic dinner or enjoy a dinner from our vendors at the park. Charcoal grills are not permitted. Celebration will be at Broomfield County Commons, 13200 Sheridan Blvd. More info: broomfield.org

COMMERCE CITY — Colorado’s Major League Soccer Club, the Rapids, play the Vancouver Whitecaps Football Club at 7 p.m. at Dick’s Sporting Goods Park. Fireworks close out the evening.  Learn more at ColoradoRapids.com

DENVER — 

  • Civic Center Park (Colfax & Broadway) Free community concert, light show and fireworks display on Friday, July 3, 2015, at Denver’s Civic Center Park beginning at 8 p.m.  Lawn seating will be available on a first-come, first-served basis. Attendees are welcome to bring their own picnics; food truck concessions will also be available on-site. The event will take place rain or shine. Learn more at CivicCenterConservancy.org
  • Sports Authority Field At Mile High  Check out the biggest Post-Game Fireworks Show in Denver! It will be at the Outlaws July 4th Game! Denver Outlaws vs. Boston Cannons at 7 p.m. Get tickets  at DenverOutlaws.com
  • Elitch Gardens — Fireworks on July 4. Learn more: https://www.elitchgardens.com
  • Check out a full list of July 4th events happening in Denver at denver.org

july 4th the strange team alan strange 7

 

ERIE —  On July 3, visit the Colorado National Golf Club at 2700 Vista Parkway in Erie, CO 80516. Festivities begin at 5 p.m. Fireworks will conclude the evening at dusk. Admission to event & fireworks show are FREE and open to the public! Children’s activities will include bungee trampolines, inflatable bouncy land, mechanical bull rides, obstacle courses, climbing walls, clowns, games and face-painting! Learn more at ErieCo.gov

THORNTON — A spectacular fireworks show follows a parachute jump at  9:30 p.m. Families can watch from Carpenter Park Fields at 108th Avenue and Colorado Boulevard. Learn more at CityofThornton.net

WESTMINSTER – Join us for the annual 4th of July Celebration. Celebration at City Park from 4 p.m. to 10 p.m., At 7 pm enjoy a concert by Daddy Blue followed by a spectacular fireworks show at 9:15 pm. Parking is VERY LIMITED at City Park so take advantage of the FREE shuttles from many locations in Westminster and Hyland Hills. Visit http://www.ci.westminster.co.us/ParksRec/SpecialEvents.aspx for a shuttle schedule.

Have a safe and Happy 4th of July !

From Your Friends –

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SF_Stacked_LOGO_DkGrn-Gray_RGB_LicenseDustin Hodges
Direct: (303) 668-7605
Email: dustin.hodges@summitfunding.net
NMLS ID#: 269783
DORA ID#: LBM100030291

 

 

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Summertime Activity Series – Erie, CO

Summer is finally here Colorado!  While we do enjoy thriving during the winter months with the endless amount of things to do in our amazing state, summer is really the time CO shines!  The kids are out of school, the weather is hot; it’s a great time to check out what some of our great communities have to offer in the summer months.  Each week, The Strange Team will showcase one of the fantastic towns we proudly feature when we list properties.    This week we’re looking at Erie, CO and here are some great activities this town hosts –

Erie 1No need to go all the way to Coors Field in Denver to have a good time at the ballpark.  On Tuesday, June 30, 2015 the Dallas Charge and Akron Racers of the National Pro Fastpitch League (NPF) will face off in Erie during the Triple Crown Sparkler Tournament – the largest softball event in the country! The game will take place at the Ballpark at Erie and will be televised live on the CBS Sports Network.

Game Information
June 30, 2015 @ 6:00 p.m. – Akron Racers vs. Dallas Charge
Ballpark at Erie located in Erie Community Park
450 Powers Street Erie, CO 80516
View ticket information here.

Erie Air Fair August 8th  Hosted at the Erie Municipal Airport this family friendly festival gives you an up close look at unique aircrafts, local vendors and live music.  Plenty for kids to do with children’s activities throughout the day.  You can even schedule a helicopter ride over Colorado!  Check it out hereerie 2

 What’s better than camping?  Camping with all your friends and neighbors!  Check out The Great Erie Outdoor Adventure!  This is an outdoor and nature-based event where participants enjoy overnight camping in the Erie Community Park, plus other activities such as a climbing wall, kayak tanks, mountain bike course/demo, mobile ropes course (new this year!) and a variety of environmental education vendors. You can also enjoy a community dinner, outdoor movie, erie 3and many fun contests, too.

Sign up here!

 

 

 

 

 

 

 

 

 

Interested in homes in Erie?  Check out our newest listing 574 Holbrook St.  A wonderfully redone ranch with all new updates throughout!

574 Holbrook St Erie CO 80516-small-001--666x422-72dpi

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