Selling Residential Real Estate in Metropolitan Denver
I read with some interest a post to Inman News regarding Dual-Agency and the interesting comments attached to the article. It simply amazes me that many of this nations real estate brokers are still embroiled in the often times acrimonious discussion of this out of date concept. Of course, the underlying issue is simple, and [...]
Publishing on a 2-month lag, the Federal Home Finance Agency said home prices fell by 1.6 percent nationally in December. And that’s an average, of course. Some regions performed well in December as compared to November, others didn’t.
Note comments below Condo Graph Price change analysis is a tool used by the relocation services industry to assist in determining the best time to transfer employees in relation to the best time to buy and sell those employees homes. Different markets have different peak sales times, and as real estate becomes increasingly global, the [...]
New Home Sales fell 11 percent from the month prior and posted the fewest units sold in a month since 1963 — the year the government first started tracking New Home Sales data. It may be good for home buyers.
Using data compiled in December, Standard & Poors released its Case-Shiller Index Tuesday. The report shows home prices down just 2.5% on an annual basis, a figure much lower than the 8.7% annual drop reported after Q3.
The January market shows an increase in sales volume in the middle price ranges, with the very low price range indicating a decline. This is due to a lessening of available inventory of the below $110,000 price range. The over $500,000 price remains sluggish. Almost 60% of the Denver area home sales were between $110,000 [...]
Although the newspapers reported mortgage rates down last week, they weren’t. Conforming mortgage rates were higher by at least 1/8 percent, or roughly $11 per $100,000 borrowed per month. In some cases, rates were up by even more.
In the two-minute video, you’ll learn how to replace an air filter from start-to-finish. There’s no need for tools and no need for experience — the job is about as basic as home maintenance jobs come.
Available resales homes in the Denver area market peaked in June of 2009 at approximately 21, 000 units, well below the 2008 peak of approximately 27,000 units. From the June peak, inventory declined steadily through December, before increasing slightly in January of 2010. Sellers will attempt to take advantage of the tax credit market [...]
Sometimes, headlines for housing can be misleading and this week gave us a terrific example. On Wednesday, the Commerce Department released its Housing Starts data for January 2010. The data showed starts at a 6-month high. The real story is something different.
The Fed Minutes is a follow-up document, delivered 3 weeks after an official FOMC meeting. It’s a companion piece to the post-meeting press release, detailing the debates and discussions that shaped our central bankers’ policy decisions. The Minutes is a terrific look into the Fed’s collective mind and, yesterday, Wall Street didn’t like what it saw.
While the calculation for the “absorption rate ” (AR) is a bit complicated, the concept is simple: at the present rate of sales, how many weeks (or months) will it take to sell the current inventory if no additional properties are added to the inventory. The calculation is based on data readily available from Metrolist, [...]
According to the Census Bureau, 2.8 million people commute to work 90 minutes or more each day, in each direction. Now, your daily commute may not be as long, but time spent in cars, trains and buses is time away from work and from family.
Superhot location in Denver!! This move-in ready two bedroom, one bath, 976 finished square foot home is waiting for you. Tastefully updated with newer paint, gorgeous wood floors, optional third bedroom or study with cozy fireplace and more. Amazing landscaping and lot with a rare three car detached garage. Call Angela Fox at 303-246-6629 for [...]
Regulatory Molasses Snares Condo Owners The nice regulators at HUD, helped out by the overreaction of the bureaucrats at Fannie Mae and Freddie Mac are making it well neigh impossible to sell attached housing in Denver, and the rest of the country as well. Fannie Mae (FNMA) instituted rules in 2009 that require 70% of [...]
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