Must Attend Events in Denver this Summer
Must Attend Events in Denver this Summer Summertime in Denver is a season filled with exciting outdoor activities, festivals, and events. From epic music festivals to captivating art exhibits, the Mile High City has something for everyone. If you're looking to make the most of your summer in Denver, here are some must-attend events that will surely enhance your lifestyle and help you discover the vibrant spirit of this incredible city. 1. Cherry Creek Arts Festival: (July 3rd-5th) Immerse yourself in a world of artistic expression at the Cherry Creek Arts Festival. This three-day event showcases the works of national and international artists, offering a diverse range of mediums including painting, sculpture, photography, and much more. Alongside the art displays, you can enjoy live music performances, delicious culinary treats from local food vendors, and interactive activities for all ages. With its lively atmosphere and beautiful Cherry Creek North backdrop, this festival is a perfect way to kick off your summer in style. 2. Red Rocks Amphitheatre: (Various dates) No summer in Denver is complete without experiencing the magic of Red Rocks Amphitheatre. Nestled amidst breathtaking rock formations, this iconic outdoor venue brings the world's biggest artists to its stage, providing unforgettable musical experiences. From legendary performers to rising stars, the Red Rocks summer concert series offers a diverse lineup that caters to a variety of music genres. Whether you prefer rock, pop, country, or electronic music, watching a concert under the starry Colorado sky at Red Rocks is an absolute must. 3. Denver County Fair: (July 30th-August 1st) Step into a whimsical world at the Denver County Fair, where traditional agricultural exhibits meet eclectic entertainment. From thrilling carnival rides to quirky competitions, this fair offers a truly unique experience for all ages. Explore the exhibits showcasing everything from farm animals to urban homesteading, indulge in tasty fair food, and participate in offbeat contests like pie-eating and unicorn riding. The Denver County Fair is a delightful celebration of Denver's diverse culture and vibrant community spirit. 4. Colorado Dragon Boat Festival: (July 31st-August 1st) Join the excitement of the Colorado Dragon Boat Festival, a fascinating multicultural event that celebrates Asian and Asian-American heritage. Watch as teams paddle their colorful dragon boats across Sloan's Lake, showcasing their strength, endurance, and teamwork. Experience the rich traditions of Asian culture through vibrant performances, martial arts demonstrations, and delectable Asian cuisine. With its lively atmosphere and captivating displays, this festival is a testament to Denver's thriving diversity and commitment to inclusivity. 5. Underground Music Showcase (UMS): (August 27th-29th) Discover Denver's vibrant music scene at the Underground Music Showcase (UMS), where over 200 local and national bands take the stage across multiple venues in the South Broadway neighborhood. From indie rock to hip hop, electro-pop to punk, the UMS offers a diverse range of musical styles and genres. This multi-day festival allows you to explore and support emerging artists while immersing yourself in the creative energy that makes Denver's music scene truly unique. As you embark on your summer adventures in Denver, make sure to take advantage of these must-attend events. From art enthusiasts to music lovers, there's something for everyone to enjoy. Embrace the lively spirit of the Mile High City, explore its diverse cultural offerings, and let these events enhance your lifestyle and appreciation for this beautiful city. So, grab your friends and family, and get ready for an unforgettable summer in Denver!
Your Equity Could Make A Move Possible
Your Equity Could Make A Move Possible Many homeowners looking to sell feel like they’re stuck between a rock and a hard place right now. Today’s mortgage rates are higher than the ones they currently have, making it harder to want to sell and make a move. Maybe you’re in the same boat. But what if there was a way to offset these higher borrowing costs? There is. The money you need probably already exists in your current home in the form of equity. What Is Equity? Think of equity as a simple math equation. Freddie Mac explains: “. . . your home’s equity is the difference between how much your home is worth and how much you owe on your mortgage.” Your equity grows as you pay down your loan over time and as home prices climb. Thanks to the rapid home price appreciation in recent years, you probably have a lot more equity than you realize. The latest data from the Census and ATTOM shows that more than two out of three homeowners have either completely paid off their mortgages or have at least 50% equity: This means the majority of homeowners have a game-changing amount of equity right now. How Your Equity Can Help Fuel Your Move After you sell your house, that equity can help you move without worrying as much about today’s mortgage rates. As Danielle Hale, Chief Economist for Realtor.com, says: “A consideration today's homeowners should review is what their home equity picture looks like. With the typical home listing price up 40% from just five years ago, many home sellers are sitting on a healthy equity cushion. This means they are likely to walk away from a home sale with proceeds that they can use to offset the amount of borrowing needed for their next home purchase.” Here are a few ways you can use equity to buy your next home: Be an all-cash buyer: If you’ve been living in your current home for a long time, you might have enough equity to buy your next home without taking out a loan. If that’s the case, you won’t need to borrow any money or worry about mortgage rates. Make a larger down payment: Your equity could be used toward your next down payment. It might even be enough to let you put a larger amount down, so you won’t have to borrow as much at today’s rates. The First Step: Determine How Much Equity You Have in Your Home To find out how much equity you have, you’ll need two things: The current mortgage balance on your home The current value of your home You can probably find the mortgage balance on your monthly mortgage statement. To understand the current market value of your house, you can pay for an appraisal, or you can contact a local real estate agent who can provide you with a professional equity assessment report (PEAR) at no charge. Once you’ve connected with a trusted local agent and run the numbers, you’re one step closer to making a move you may not have thought was realistic – all thanks to your equity. Bottom Line If you want to find out how much equity you have and talk more about how it can make your next move possible, let’s connect.
Do elections Affect The Housing Market?
Do elections Affect The Housing Market? With the 2024 Presidential election on the horizon, potential home buyers and sellers are understandably curious about how such a major event might influence the housing market. It's a crucial consideration, as buying or selling a home is a significant decision. Historically, Presidential elections have had only a minor, temporary effect on the housing market. Here’s a closer look at how home sales, prices, and mortgage rates have responded to elections in the past. Home Sales Typically, during Presidential election years, there's a slight dip in home sales in November. Ali Wolf, Chief Economist at Zonda, notes: "Usually, home sales are unchanged compared to a non-election year with the exception being November. In an election year, November is slower than normal." This slowdown is often due to the uncertainty and hesitation some people feel about making large decisions during an election period. However, this slowdown is temporary. Historical data shows that home sales tend to bounce back in December and continue to rise in the following year. For instance, data from the Department of Housing and Urban Development (HUD) and the National Association of Realtors (NAR) reveals that after nine of the last eleven Presidential elections, home sales increased the next year.(see graph below): Home Prices When it comes to home prices, election years don’t typically disrupt the ongoing price trends. Ryan Lundquist, a residential appraiser and housing analyst, explains: "An election year doesn’t alter the price trend that is already happening in the market." Home prices generally continue to rise year-over-year, regardless of elections. Recent data from NAR shows that after seven of the last eight Presidential elections, home prices increased the following year. The only exception was during the housing market crash, which was an atypical year.(see graph below): Mortgage Rates Mortgage rates significantly affect monthly payments for home buyers. Data from Freddie Mac shows that in eight of the last eleven Presidential election years, mortgage rates decreased from July to November.(see chart below): Current forecasts suggest that mortgage rates might ease slightly throughout the remainder of this year, potentially continuing the trend of declining rates seen in most previous election years. For those looking to buy a home, lower rates could result in a more affordable monthly payment. What This Means for You The key takeaway is that while Presidential elections do have some impact on the housing market, these effects are usually minor and temporary. As Lisa Sturtevant, Chief Economist at Bright MLS, summarizes: "Historically, the housing market doesn’t tend to look very different in presidential election years compared to other years." For most buyers and sellers, elections don’t significantly impact their plans. Bottom Line It's natural to feel uncertain during an election year, but history shows that the housing market remains strong and resilient. Whether you're buying or selling, it's essential to stay informed and work with a knowledgeable real estate professional to navigate the market effectively.
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