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How’s the Market?
If I had a dollar for every time I have heard that question in the past 32 years, I would be on a beach sipping Mai Tai’s as I while away my retirement. OK, maybe not, but it certainly is the #1 question asked of REALTORS® in every conversation about real estate. So, lets try to answer the question for the first half of 2010 in the Denver area market. Definition First,let’s define... [Read more]
Denver’s Housing Economy, July 17, 2010
Key Economic Statistics The Pulse is a review of key economic statistics that affect the real estate market. The Pulse is offered monthly as part of The Berkshire Group’s Monthly Update, and is current based on the information offered by the credited sources. The database is the 7 county Metropolitan Denver SMSA: New Home Starts through May Area Building Permits issued through May, 2010: ... [Read more]
Denver’s Housing Economy, The Pulse, June 23, 2010
Key Economic Statistics The Pulse is a review of key economic statistics that affect the real estate market. The Pulse is offered monthly as part of The Berkshire Group’s Monthly Update, the database is the 7 county Metropolitan Denver SMSA: New Home Starts Area Building Permits issues through May 2010: 1580 Average Single Family Home Statistics: Prices % of... [Read more]
Whooooosh! Sissssss!
Telling Statistics The sounds of the market retraction after the expiration of the Tax Credit are described in the headline. The number of contracts to purchase dropped 39% from April to May, and declined 27% against May of 2009. What happened is obvious, but bears a bit of further explanation. Better Understanding In the months of February, March and April of 2010, the considerable benefit of the... [Read more]
After the Tax Credit
The Tax Credit for home buyers expired on April 30. This ends 18 months of some kind of Federal assistance being offered as an incentive to home buyers. While the incentive spurred homes sales over the past year, in in fact was probably a life saver for much of the real estate segment of the economy, it is time to let go. The “market”, meaning the overall national real estate market,... [Read more]
Denver MLS - IDX Listings Search, Foreclosures, Short Sales
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