The New Housing Crises

recession end and recovery way

OK – it’s not really new, just a different permutation of a new wave to a continuing crises.  This new wave is very different from anything seen in the last 20 years, and is really the opposite reaction to the foreclosure challenges of the past few years. And, as has been the case for the [...]

Back To The Future

time machine

The REALTOR® Association is making a strong and well thought out effort to understand the future of housing, those consumers that want and need housing, and the role that professional REALTORS® will play in the future.  Does the American Dream of home ownership still have merit, or will there be a New American Dream.  As [...]

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IRS

Over the past few years, the National Association of REALTORS® (NAR) has been evolving from a trade association, designed to serve its membership; to an advocacy organization, designed to help its membership speak for the American Homeowner, and those that want to be. Yes, NAR is still a trade group, and there are many issues [...]

Housing Crises!

For the past 5 years the media, and many people who should know better, have been flapping their gums about a housing crises.  Somewhere in the misty past, this column mentioned we did not have a housing crises, but rather a financial crises that affected housing.  So, with resale inventory plummeting around the United States, [...]

Back and Forth

The view looking back at Metro Denver’s real estate market in 2012 is pleasant in almost every respect.  A year over year increase in sales of 7,000+ properties provided smiles for participating professionals.  Builders maintained a steady increase in starts and finishes, sliding into 2013 in the best shape in 5 years.  An increase in [...]

Fiscal Slopes, the Regulatory Abyss and the MID

In the story of Chicken Little (aka Henny Penny), the chicken panics when an acorn falls on its head, leading him to believe the sky is falling. The basic story has been told in various forms since around 500 BCE, and the moral is two-fold: have courage and don’t believe everything you are told. That [...]

Real Estate Licensee versus REALTOR®

We are noticing an alarming trend among new licensees to the real estate sales industry are not affiliating with the REALTOR® Association. There are even real estate brokerages exploiting this trend by marketing to licensees by pitching the arguments that a licensee can save the dues money and avoid those “rules” we saddle ourselves with.  Before [...]

Myths and Legends

The Dreaded 3.8% Tax on Real Estate NOT! Since this particular urban legend continues to float around, it would seem the best way to to address this issue is to provide you with the National Association of REALTOR’S (NAR) discussion on the subject.  Actually, this is one of many articles regarding this health care tax [...]

The Shadow Knows

Figure 1: Shadow Inventory Detail

“Who knows what evil lurks in the hearts of men?”.  Those words were the introduction to the long running 1930′s radio show, “The Shadow”. While we are not sure what evil lurks with the so-called “shadow inventory”, we are certain there is fear that the combination of bank owned homes, delinquencies, and as yet to [...]

Housing and Presidents

With both of the National political conventions soon to start, there seems to be a strong interest in knowing if or how the upcoming presidential election may affect the housing market.  Taking every precaution to remain politically neutral, we will take a crack at that question this month.  In order to remain neutral, we will [...]

Opportunity or Propertunity?

Are you ready to seize the opportunity? Reading the various housing reports offered by such luminaries as Case-Shiller or Core Logic offers more confusion than clarity.  There are dozens of such “Housing Reports” published monthly, developed by so-called experts for the benefit of a modern media that will not perform its own research.  The result [...]

How do YOU define Recovery?

Socrates and Voltaire were both concerned with, as a foundation of any discussion,  the definition of terms. While I, and every REALTOR® I know, is enjoying the current pace of housing sales, the idea of a “recovery in housing” is not at the top of most REALTORS® consciousness. Most  every REALTOR® I know is running [...]

1934 and the Federal Housing Administration

That was the year that the FHA came into being.  The National Association of REALTORS had considerable input into its creation,  along with previous efforts to bring stable home financing tools to a large group of Americans that had suffered through the housing crises of the early 1930′s.  With the creation of the FHA, the [...]

The Really Boring Stuff

Over the past few years, REALTORS have become avid watchers of data.  Industry professionals, and, to a lesser degree, the American public in general, have been looking daily for positive news about the real estate “market”. The wait is over.  The statistics are favorable for the first time since the slide began in 2008. The [...]

Flipped

You can flip a house, wear flip-flops,  flip a switch, or be a flip-flopper. You have to flip pancakes, omelets, and burgers. You may want to flip a video, watch Flipper, and sometimes you can get flipped-off. Or, sometimes a market flips, just like the real estate market in Denver, or at least half of [...]