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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]
The Pulse, May 18, 2010
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: Key Economic Statistics New Home Building Permits YTD Through March: 2010 2009 % Change ... [Read more]
What’s Up In Denver? April 18, 2010
The Denver MSA After a flap with Forbes.com over the available homes for sale inventory in Denver it seems a good time to discuss just what the statisticians consider is, in fact, ” Denver”. The Denver Metropolitan Statistical Area or MSA is shown in red on the map. The official Denver MSA includes 10 counties:Denver, Jefferson, Adams, Arapahoe, Broomfield, Douglas, Elbert,... [Read more]
The Forbes Flap, Dissing Denver
Background: It has been almost 2 weeks since Francesca Levy wrote and published an article on Forbes.com stating that Denver is the second worse housing market in the country. The article was picked up and republished by Lani Rosales at AgentGenius.com, which has a large audience in the REALTOR® population. Kristal Kraft, a Broker with The Berkshire Group in Denver was astounded to read that... [Read more]
Denver MLS - IDX Listings Search, Foreclosures, Short Sales
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