Real Estate Raptor

realestateraptor — Mon, 23 Jan 2012 23:55:52 +0000

Job growth tends to be a leading indicator of housing market strength, and job loss tends to predict housing weakness. Here are some interesting facts. Unemployment in Colorado is currently running at about 8.0%, versus 8.6% nationally. According to Governor Hickenlooperâ€™s office on January 23, 2012, 1500 jobs have been created in Colorado in the last 60 days. On January 15, the Denver Post reported that net in-migration from other states is growing. Best of all for housing, among 25- to 44- year-olds, Colorado is the most popular state in the nation for relocation. Finally, interest rates continue to stay at record low levels, while Denverâ€™s inventory of resale homes in 2011 was only about 2/3 of that in 2010. If you are considering listing your home, the marketâ€™s low inventory levels may provide you with a real opportunity. Please call me if you would like a free, no-obligation analysis of the price at which your home might reasonably sell in our spring market.

Filed under: Real Estate Market

realestateraptor — Mon, 16 Jan 2012 00:50:27 +0000

Great national news story–great exposure for Denver, and good for home values: http://ping.fm/meQUL

Filed under: Real Estate Market

realestateraptor — Sun, 17 Apr 2011 16:58:29 +0000

As Denver “greens up”, more homes are coming on the market–but we are also selling homes at a remarkable pace. More positive feel in the market than 2010.

Filed under: Real Estate Market

realestateraptor — Sun, 03 Apr 2011 21:28:27 +0000

Open house at 960 S. HIgh–3 couples relocating to Denver, all professionals, from NC, DC and NYC. Encouraging re hiring!

Filed under: Real Estate Market

realestateraptor — Sun, 03 Apr 2011 16:02:28 +0000

Just tenting out ping.fm–this service could be a real time-saver!

Filed under: Real Estate Market

Existing Home Sale Stats Encouraging

realestateraptor — Mon, 16 Nov 2009 20:37:17 +0000

According to the National Association of Realtors, the number of existing home sales in the West increased 5.6% in the third quarter. The Denver-Aurora area’s price increase (1.8%, according to NAR) was the second highest in the region–outdone only by Yakima, Washington (2.7%). Is this because Yakima has slightly better wine?

Posted in Real Estate Market

Are Home Prices in Denver Rising?

realestateraptor — Thu, 29 Oct 2009 21:18:16 +0000

The Denver Business Journal reports that the Standard & Poor’s Case-Schiller Home Prices Index showed that home prices in Denver rose in August for the sixth straight month, although the August data show that prices are still off approximately 1.9% from a year ago. So the answer to the question is a yes/no–we are certainly crawling our way out of the trough, but haven’t quite reached the lip yet. Certain areas of our market are doing very well (homes under about $300,000), but other sectors (especially homes over the $2MM mark) are still struggling. On balance, though, this is a good sign. When homes at the lower end of the market sell, their previous owners tend to “move up”–do this enough times, and you actually have a recovery! We just hope the positive news continues, and that Congress extends the first-time homebuyer tax credit, thus priming the pump for a recovery throughout all price-points.

Posted in Economy, Real Estate Market