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denver housing market: I Don’t Have To Sell. By Dan Polimino. - 10/05/11 12:49 PM
I hear the comments below over and over again. The interesting thing is that after a couple of months on the market at a higher than acceptable price, the seller will admit, OK, well, I really do have to sell. No amount of probing at the initial consultation could draw that out of them. It was my gut feeling that they DID have to sell and that's why I decided to stick with them at a higher price than I might have, knowing their true situation. Most of the time, agents really are on their clients side, we just need to … (2 comments)
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denver housing market: What the Housing Report Means for Denver Homeowners - 07/30/11 12:08 AM
I wrote last month about a report that should be of interest to Denver homeowners - the Standard & Poor’s Case-Shiller Home Price Index for 20 large cities. This monthly report is compiled by comparing matched-price pairs for thousands of single-family homes in 20 major U.S. cities. There is hopeful news in the most recent report for Denver homeowners.
Although the most recent report shows that Denver home prices posted a year-over-year decline in May for the eleventh consecutive month, it also shows that they rose from the previous month for a second straight month. Also, the Denver average home … (2 comments)
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denver housing market: Home Ownership Still a Great Investment for Denver Homeowners - 06/17/11 11:31 AM
Denver homeowners will be happy to know they're in good company when it comes to national sentiment about home ownership. According to a recently released survey of 2000 voters by the National Association of Home Builders, 75% of Americans say that "owning a home is the best long-term investment they can make and is worth the risk of ups and downs in the housing market." Our country still believes strongly in the value of home ownership. After all, what's not to love - a place you can call your own, that you can decorate as you please, where you can raise … (0 comments)
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denver housing market: What the Housing Report Means for Denver Homeowners - 06/10/11 07:52 PM
As a Denver homeowner, you may have followed recent news stories which reported that the Standard & Poor's Case-Shiller Home Price Index for 20 large cities fell 0.8 percent in March from February. Reporters shared their opinions about what that might mean for the economic recovery and Wall Street stocks went down in response. On the surface it may sound like things are difficult nationally, so that's why it's important to step back and examine what the information means to you on a local level.
With a closer look, it shows that the Denver housing market is actually doing pretty good … (0 comments)
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denver housing market: Denver Named Most-Improved Housing Market in America - 07/09/10 01:54 PM
Last month, Businessweek magazine reported that the Denver housing market is the most improved in the country. Despite having experienced similar recession-related economic and employment slowdowns as other cities, Denver has made a winning comeback.
Want even better news? The article cites forecasting by Development Research Partners of Littleton of a 5% boost in both home sales and home prices in the Denver area throughout 2010. This forecast was proven accurate, reflected by a jump in home prices of around 5.8% during the first quarter of 2010. Last December, we reported that our market was already beginning to normalize; the … (2 comments)
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denver housing market: So, How’s the Market? June, 2010 - 06/16/10 08:22 PM
“The Bandy Team’s Five Reasons to Sell and Buy a Home in June of 2010!” REASON Number One: Buyers have less competition. This looks to be a short term opportunity for buyers, as we would project more buyers entering the market as rates rise. Sellers - take this opportunity to capture the buyers with creative terms.
REASON Number Two: Interest rates hit historical lows in June in the mid 4.5% range for a conforming loan rate. The buying power is off the charts for a buyer to really maximize their housing investment. For example, a $300,000 loan at 4.5% = … (0 comments)
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denver housing market: Good News on Assistance for Denver Home Buyers - 06/11/10 05:31 PM
How did the Denver real estate market fare this spring, now that we’re headed into summer? Recent statistics show that the our market has been improving over the past few months - and has been dominated by first-time homebuyers, who were eligible for the federal tax credit that expired at the end of April. Now that the credit has expired, where does that leave you as a prospective home buyer?Even if you were unable to take advantage of the first-time homebuyer tax credit, chances are you still may be able to afford a great home. And now is a great time … (0 comments)
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denver housing market: He Said, She Said: Gender Differences in Choosing the Right Denver Home - 04/07/10 11:38 AM
As it turns out, women and men do think differently when it comes to choosing the Denver area home of their dreams. According to a survey by Coldwell Banker, among prospective home buyers, women make up their minds to purchase faster than men. When asked how long it took before they knew the home was a good match for them, 70% of women made up their mind the day they walked into a house, while only 62% of men did. Also, 9% more men than women needed at least two (or more) visits to a house in order to make their … (1 comments)
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denver housing market: How to Make Lemonade Out of this Recession - 04/05/10 04:38 PM
No doubt, you’ve heard the saying, “when life hands you lemons, make lemonade!” This principle applies particularly well to our current economic downturn, as well as to the real estate market in Denver (and across the nation). How? Consider that whenever the economy hits a downturn, someone is having an upturn (for example, big box and discount stores do very well in a struggling economy, even though department stores often suffer). The same is true in real estate.There are more than just a few people who are silently reveling in this recession because they are savvy enough to take advantage of … (2 comments)
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denver housing market: Colorado Foreclosure Filings Increase in Twelve Largest Counties - 03/23/10 07:14 PM
Supply is beginning to catch up with demand in the Denver real estate market. According to a report by the Department of Local Affairs’ Division of Housing, foreclosure filings in Colorado's 12 largest counties rose 7% in February, as compared to the same month a year ago. Additionally, foreclosure sales at auction increased 14% during the same period, but remain down 14% from February 2008, according to the same report. Analysts say that the increase is likely because lenders phased out moratoriums that previously slowed the number of foreclosures. Those foreclosures are now hitting the market. Most agree that these numbers … (1 comments)
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denver housing market: Positive Signs of Recovery Bring Good News for the Denver Housing Market - 03/19/10 11:18 AM
According to top economists, the Denver housing market (and that of the nation, in general) should start reaping the benefits of positive signs on employment and national economic growth in the coming several months. This is great news for all who’ve endured what has been a challenging economic climate for the past several months. First of all, employment is up. The Labor Department reports that there were 200,000 more job openings nationwide in February 2010 (2.7 million) than in the same survey the month before.
Secondly, the expected growth of gross domestic product (GDP), the main barometer of the U.S. economy’s … (0 comments)
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denver housing market: New Federal Program Will Encourage Denver Short Sales - 03/15/10 01:22 PM
In an effort to end the foreclosure crisis, the Obama administration has been trying to keep defaulting owners in their Denver area homes, and nationwide with their Making Home Affordable program. Now it will take a brand new approach: encouraging underwater borrowers to leave their homes more quickly. This latest program is one of the administration’s most aggressive attempts to grapple with a longstanding problem that has defied solutions. Upward of five million households are behind on their mortgages and are at risk of foreclosure, and the government’s $75 billion mortgage modification plan has helped only a small slice of them. … (0 comments)
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denver housing market: Denver Makes Forbes’ List of Top 10 Cities to Buy a Home - 02/24/10 06:21 PM
In an economy where many people are scaling back and might even be considering the safety of renting over purchasing their homes across the nation, the Denver housing market is proving an exception to the rule. According to Forbes magazine (in an article printed January 21, 2010 by Francesca Levy), the premium to buy—the spread between what a homeowner would spend to rent and what they’d pay for a mortgage—is much lower right now than the 15-year average in several cities - and Denver makes the list at number five. Here in Denver, it makes more sense, dollar for dollar, to … (2 comments)
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denver housing market: Predicted Market Changes Will Affect Denver Real Estate Market - 02/16/10 05:04 PM
The Urban Land Institute predicts there will be two major changes beginning in this new decade that will affect the housing market across the nation. We can be sure that we’ll also see these changes take place in our local Denver housing market.
The first change is that home appreciation will slow. The report predicts annual appreciation between 1-2% each year. The second change is that by the end of the decade, the now record-high U.S. homeownership rate will decline by 7%, from 69% to 62%. According to the report, four other demographic trends are also likely to have an … (2 comments)
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denver housing market: Supply & Demand Impacting Denver Housing Market - 02/15/10 10:50 AM
Whenever there is a decrease in any commodity, it is natural to see its value rise. Homes in the Denver market are no different. According to MLS data released this week, median home prices in metro Denver soared in January compared with January 2009, a year ago. This, even as sales during the same period declined. Last month, the median price for a single-family home was $210,000, which was up nearly 16% from $181,500 in January 2009. The median price for a condo was $130,500, a 15% increase over last year's January price of $113,000. Analysts are saying the increase in … (1 comments)
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denver housing market: Loan Modifications - How Does Colorado Measure Up? - 02/07/10 02:05 PM
According to the latest government data, only 1,072 permanent loan modifications have been made to homeowners in the Denver area (and throughout Colorado) facing foreclosure. When you consider that so many more families are struggling in our state, that is barely making any impact at all. Put into perspective, the latest report from the federal government shows that as of the end of December, there were 11,170 homeowners in “active trials,” for loan modifications. These trial modifications are required before the loan can be made permanent. In the nation, Colorado ranked 19th for the number of active trials and permanent loan modifications, … (0 comments)
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denver housing market: Homebuilders Are Responding To Denver Homebuyers’ Changing Needs - 01/29/10 04:37 PM
Today, the average Denver homebuyer is different than they were a few years ago - their needs and lifestyles are changing. Prompted in part by a struggling economy, homebuyers have reprioritized their lives and are scaling down, including the size of their home, and home builders are responding. Many builders are introducing new designs, featuring smaller, simpler homes created to appeal to younger, more mobile buyers - many of them first-time buyers. For example, Shea Homes Colorado is rolling out its first new community at Reunion, in the northeast Denver metro area, in four years, with a focus on less expensive … (1 comments)
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denver housing market: FHA 90-Day Seasoning Rule Lifted = Great News for Denver Homebuyers and Investors - 01/22/10 01:16 PM
The Federal government is taking action to speed the housing market recovery by lifting the FHA 90-Day Seasoning Rule with the hopes that it will speed the resale of foreclosed properties. This is great news for Denver homebuyers (especially first-time buyers) and investors, who up until now, have been required to wait at least 90 days after the previous sale date before being able to close with any buyer who has an FHA-backed mortgage. Originally, the Department of Housing and Urban Development enacted the regulation in an effort to discourage investors who were flipping houses and driving up prices during the … (0 comments)
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denver housing market: Denver's Housing Market Is Faring Best Among Other US Cities - 01/11/10 11:28 AM
Denver-area home prices fared the best in a survey of 20 cities that was released December 29, 2009. Home prices in Denver fell only 0.1 percent in October compared to a year ago. From September to October in 2009, Denver prices decreased by 0.4 percent, which represented a two month dip following a rise in home prices the six months previous. All of this slight rising and dropping indicates a relatively flat local market, which is good news amid a national economy that is largely struggling - but getting back on its feet, nonetheless. Many housing markets in the US are … (2 comments)
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denver housing market: Demand For New Home Construction In Denver Is Up - 01/07/10 11:33 AM
While we’re not yet completely recovered from the latest housing market downturn, local Denver metro area builders are seeing an upturn, which is good news. Demand is increasing for new construction homes, especially among first-time buyers, and those who are buying are more intent and serious than they have been in the recent past. Builders in the Denver housing market were selling on average one home per community per month during the third quarter, which is up from 0.7 homes a month during the same period last year. And, cancellations for new home contracts are down 40% year-over-year. As consumer confidence … (0 comments)
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Marianne Bandy, CRS, CDPE, GRI
Parker,
CO
More about me…
Denver Homes - The Bandy Team - RE/MAX Pros
Address: 9200 E. Panorama Cir. , Suite 140, (near SW corner of I-25 & Dry Creek Rd.), Englewood, CO, 80112
Office Phone: (303) 746-7799
Cell Phone: (303) 746-7799
Email Me
News and information related to living in Douglas County and Parker, Colorado. Go to our website at http://www.BandyHomes.com to search all homes and real estate for sale in Parker and the entire Denver metro area. Save your searches & favorite properties, make notes, get email alerts of new Denver listings matching your criteria. Virtual tours, mapping, multiple photos of Denver properties.
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