The Federal Open Market Committee ends a scheduled, 2-day meeting today in Washington. It’s the first of 8 scheduled meetings for the policy-setting group in 2010. The group adjourns at 2:15 PM ET. Here is a rate-locking strategy for you.
The above graphs show the average days a property is on the market before a contract is accepted. The condo graph has a higher date range, reflective of the generally longer times it takes to sell condos. The low residential average in November of 2009 reflects both the low residential inventory and the strong sales […]
The Federal Open Market Committee voted to leave the Fed Funds Rate within its target range of 0.000-0.250 percent. In its press release, the FOMC noted that the U.S. economy âhas continued to strengthenâ, that the jobs markets is getting better, and that financial markets are supportive of growth.
This graph demonstrates the average sold price per square foot by month during the years 2007 through 2009. The normal bell curve shown in 2007 was clearly disrupted in 2008 and 2009. The average price per square foot has leveled off in the latter half of 2009 as the market continues to struggle for stability. […]
Model perfect Highlands Ranch Town Center home with over $43k in upgrades. The gourmet kitchen includes granite counters & stainless appliances highlighted by center island and 42″ cabinets. Extended hardwood floors & custom lighting flow throughout. Designer paint, carpet and custom window treatments are found in every room. Three bedrooms, three baths & full upstairs […]
This graph shows the distribution of closed sales by price range. Note the jump in the lowest category in December of 2008, with many low priced homes being purchased by investors as fix and flip projects. The very high end showed a bit of recovery in December. This graph clearly demonstrates the decline in low […]
I read with some interest the 2009 Magnet States Report released by Allied Van Lines. The report is based on Allied tracking the incoming and outgoing household goods movements of 59,381 such movements using the services of Allied Van Lines in the first 11 months of 2009. Colorado ranked 10th in inbound moves, and 15th […]
The Denver market Absorption Rate calculates the length of time it will take to sell the entire present inventory at the current rate of sales if no new properties are added to the market. It is generally thought that an absorption rate of 4-5 months or less represents a seller’s market. Note that in the […]