Data, Information, and Knowledge

Advice Help Support And Tips Signpost Showing Information And Guidance

Most of us buy (or lease) a new automobile from time to time. What type, brand, or price range that brackets your search, and your personal passion for automobiles, defines your shopping experience.  Those folks that are very passionate about automobiles maintain a certain level of knowledge regarding the automotive industry, while those less passionate […]

Denver Market Update for April, 2014

Denver Band Chart resized

Home sale prices have increased dramatically since last March, whereas only 18% of the sales were in the $400-$499 price range, this year 34% of the sold homes have been in that price range. The National average inventory is showing just over 5 months, but Metro Denver is just over 2 months.  The major stumbling […]

The Pulse – April 2014

Commentary: Having predicted a strong real estate market in 2014, we now have to consider just what we mean by the word “strong”.  Sold listings were down in March from the previous year by 13%, but the average price increased by 5.28%, and the median price by 8.21%.  Less sales, higher prices. The most significant […]

The Pulse – March 2014

Commentary: Having predicted a strong real estate market in 2014, we now have to consider the word “strong”.  Sold listings were down in February from the previous year by 7.5%, but the average price increased by 7%, and the median price by 6.8%.  Less sales, higher prices. The most significant brake on the local market […]

How’s the Market?

House and shopping cart

If every REALTOR® had a nickel for every time that question was asked of us, we could buy a condo for cash. Of course, it’s a casual question, meant to be both friendly and perhaps get a little free information to make the poser better informed. The silly part is that most REALTORS® provide an […]

Denver Market Update

Jan Band Chart

The market starts 2014 strong in all price ranges, with only $700 to $900K showing weakness The Denver area inventory is well below the national averages as shown in this graph.

The Pulse – February 2014

Commentary: As we enter 2014, many are predicting a strong real estate market. The most significant brake on the local market will be a lack of inventory, which will be true in most major markets around the country. Resale inventory at the end of January 2014 with only 7,832 active listings, some 9,000 units less […]

The Dreaded Predictions for 2014

Real Estate Market Predictions

Last year at about this time, we offered up a few predictions for 2013.  We spoke of an inventory shortage, and that certainly was a fact as the year progressed, with the available resale inventory at the end of 2013 at the lowest point in decades. We mentioned the earth-movers at work in the outlying […]

Home Purchasing Power

Home Purchasing Power

The monthly payment required to buy the average priced home increased by $207.92 from November 2012 to November 2013. The prediction is that by November of 2014, the average price and increase in interest rates will combine to increase the monthly payment by an additional $203.50 every month. Spring of 2014 will be a very […]

The Pulse – 2013

Commentary – As we enter 2014, many are predicting a strong real estate market. The most significant brake on the local market will be a lack of inventory, which will be true in most major markets around the country. Resale inventory ended 2013 with only 8,672 active listings, some 10,000 units less available than at […]

The CFPB and You

CFPB

For the many of you that actually have lives to lead, you may not be aware of the latest Federal Knight in Shining Armor, The Consumer Finance Protection Bureau, or the CFPB.  For good or ill, and frankly it seems a bit of both, the CFPB mortgage industry rules take effect on January 10, 2014.  […]

The Pulse – November 2013

Commentary – Resale inventory began it’s annual regression in August, but picked up again in September, providing strong October sales, and now available inventory is still weak.   Interest rates have stabilized for the moment around 4.25%,  still extraordinarily low in relation to the mortgage rate history, but the specter of increasing rates is still the […]

Denver Real Estate Market Graphs for October, 2013

Denver Band Chart

Over 1/2 of all homes priced under $400K are selling in every 30 day period. As the year draws toward a close, the days on market are increasing slightly, but no where near a buyers market. The Average Sold price is holding steady, but expect a normal decline in January. Active inventory exceeded 2012 for […]

The Missing Inventory

Missing Inventory

In the retail business, inventory suffers from “shrinkage”, the term used to account for shop-lifting, pilfering, short shipments, and other loss of goods.  In the housing business, we have to consider other reasons for shrinkage (OK-it is possible to “steal” a house, but they are a bit to big to stuff under a coat). The […]

The Pulse-Denver Real Estate and Economy for October, 2013

Commentary – Resale inventory began it’s annual regression  in August but, with the seasonal slowing, available inventory is somewhat less critical.   Interest rates have stabilized for the moment around 4.25%,  still extraordinarily low in relation to mortgage rate history, but the specter of increasing rates is still the caution for 2014, which, along with an […]