denver real estate: Market Conditions - As of August 1, 2009 - 08/11/09 12:59 PM
Market Conditions - As of August 1, 2009
 
In July, the national unemployment receded back to 9.4% from 9.5% in the prior month.  This is a positive sign that the bottom of the recession appears to be close at hand, if not already past, as unemployment is a trailing indicator.
Denver's market continues to demonstrate some indications of stalling - the absence of move-up buyers.
Let's start with the facts:
Remembering that 6 months is the tipping point between Seller's markets (below 6 months) and Buyer's  markets (above 6 months), here is how Denver is faring:
•·         Nationwide - 9.4 … (0 comments)

denver real estate: Denver Market Conditions - As of July 1, 2009 - 07/07/09 03:35 PM
Market Conditions - As of July 1, 2009
Reports can be retrieved at: http://images.agentcenter.com/client/4/3/9/23934/2009.06_Blog_Information.pdf  
In June, the national unemployment rate inched up to 9.5% from 9.4% in the prior month. That is the 2nd highest it's ever been since statistics have been tracked consistently, starting in January 1948.  Recapping the five most recent highs have been:
•1.       10.8% - November and December 1982
•2.       9.4% - May 2009
•3.       9.0% - May 1975
•4.       7.9% - October 1949
•5.       7.8% - July 1976, November 1976, July 1980, June 1992
Despite Denver's market news looking initially optimistic, there are some troubling … (0 comments)

denver real estate: July Real Estate Update - 07/02/09 12:49 PM
Here is a link to my "July Real Estate Update":http://realtytimes.com/128/MichaelJClarksonThis Newsletter is full of interesting and useful information that I think you will enjoy whether you are a buyer, seller, homeowner, or renter.This month's issue includes topics such as: "The Contract Offer: What Price to Start With";"Campaign To Extend and Expand Housing Tax Credit";"Going Green May Help Sell Your Home"; "Housing Starts Are Up Again"; "Selling Your Home May Be Influenced by What Buyers Can't See";Plus a roundup of June real estate activity as well as much more advice and information.I hope you enjoy this monthly newsletter. If you have any … (1 comments)

denver real estate: How to Avoid Paying the Procrastination Tax - 06/17/09 02:31 AM
Are you paying "The Procrastination Tax"????
In these times of economic hardship, there is a tax so many pay WILLFULLY!!! I can never understand why, but they do:The Procrastination Tax.
You pay it, and don't even realize it! And it's likely the biggest discretionary tax you will pay!  It's a tax paid for with trade-offs.
Well, remember when you bought that Jan Michael Vincent "AirWolf" Leather Jacket back in 1984, instead of putting that $500 in Apple Computer stock? Well, that $500 of Apple Computer stock, if bought on September 7, 1984, would be worth over $22.5k today, though it peaked … (7 comments)

denver real estate: I AM DONE WITH REAL ESTATE!!! - 06/08/09 11:51 AM
I am done with real estate!!!
Yes, you heard me. I am done!
Well, sort of…
I live in Denver, Colorado, recently identified as the #1 recovery market in the country. Mind you, other investor/brokers who see the numbers have been saying that for about 12 months – as I have on my blog. (Way to be on top of the breaking news, media folks.)
I love working with people. However, people right now are scared and they are doing some dumb things – well, things that are borne of being misinformed (by the media) and choosing to remain uninformed despite … (7 comments)

denver real estate: Denver is "ON FIRE" -- as long as you are in the 88% of the folks making less than $100k - 05/22/09 08:29 PM
See more here: Denver Market Statistics
Some interesting points: 
Unemployment:
National - 8.5% (up 0.4%) - the highest since 1983. Colorado - 7.2% (up 0.6%) - the highest since 1988. Denver - 7.9% (up 0.5%) Months of Housing Inventory is DOWN SHARPLY (good thing for prices), meaning a trend toward a Seller Market.
Seasonalized (taking into the seasaonality of the Denver's market sales 60% April - September; 40% October - March) - 5.35 Months of Inventory - Seller Market Unseasonalized (taking only the current month demand into account) - 6.43 Months of Inventory - Neutral Market A well balanced market is 6 … (0 comments)

denver real estate: Denver is "ON FIRE" -- as long as you are in the 88% of the folks making less than $100k - 04/12/09 07:47 PM
See more here: Denver Market Statistics
Some interesting points: 
Unemployment:
National - 8.5% (up 0.4%) - the highest since 1983. Colorado - 7.2% (up 0.6%) - the highest since 1988. Denver - 7.9% (up 0.5%) Months of Housing Inventory is DOWN SHARPLY (good thing for prices), meaning a trend toward a Seller Market.
Seasonalized (taking into the seasaonality of the Denver's market sales 60% April - September; 40% October - March) - 5.35 Months of Inventory - Seller Market Unseasonalized (taking only the current month demand into account) - 6.43 Months of Inventory - Neutral Market A well balanced market is 6 … (1 comments)

denver real estate: Media Malpractice - Did I Miss How to Report Truthfully in School? - 02/25/09 05:23 PM
Every month, I put together the "Mile High Stats" from MetroList in Denver. You can see those charts here. http://images.agentcenter.com/client/4/3/9/23934/2009.01_Blog_Information_Word_2003.pdf
The first chart is something that is the MOST important for the entire group of readers. Though nobody knows the future, I am disgusted - yes, disgusted - with the fear of the unknown and the lack of economic insight offered by the media.
The first chart relates to the unemployment rate in the US since 1948 -- 60+ years. The chart shows how unemployment seems to peak around 8.0%. Given how dire prognostications have been, this time it might be … (2 comments)

denver real estate: Denver Market by Locale/City/Market - Mile High Home Hunter Realty - 11/30/08 09:08 PM
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denver real estate: Denver Market by Price Point - Mile High Home Hunter Realty - 11/16/08 12:31 PM
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denver real estate: Denver Market by Price Point - Mile High Home Hunter Realty - 10/17/08 07:04 PM
 
 

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denver real estate: Denver Market by Locale/City/Market - Mile High Home Hunter Realty - 10/17/08 06:54 PM
 
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denver real estate: Denver Market by Locale/City/Market - Mile High Home Hunter Realty - 10/15/08 08:58 PM
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denver real estate: Denver Market by Locale/City/Market - Mile High Home Hunter Realty - 09/15/08 04:18 PM
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denver real estate: Denver Market by Price Point - Mile High Home Hunter Realty - 09/15/08 04:13 PM
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denver real estate: Denver Market Report by Locale - July 2008 (Single Family Residential) - 08/07/08 02:58 PM
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denver real estate: Denver Market Continues to Tighten - Median Price Housing Shortage Looms? - 08/07/08 02:39 PM
Is Denver facing a housing shortage?  Well, maybe not a comprehensive shortage, but one where it counts - right in the market sweet spot, the median priced home.
Over the past few months Denver has been acting countercyclically to the national market. If you read my monthly blog, accessible from my site, www.MileHighHomeHunter.com , you know that I have been saying the local market is tightening in the sub-$300k price point.
Inventories this month are tight again:
•·         Up to $100k - 2.8 months of inventory
•·         $100k to $200k - 4.2 months of inventory
•·         $200k to $300k - 5.1 … (0 comments)

denver real estate: The Cost of Waiting - or "How to Avoid Paying the Procrastination Tax" - 05/24/08 10:18 PM
So, given all this, doesn't it make sense to wait? Not really.  There is a potential cost associated with waiting, that I like to call "The Procrastination Tax".  You pay it, and don't even realize it! And it's likely the biggest tax you will pay!
Well, remember when you bought that Jan Michael Vincent "AirWolf" Leather Jacket back in 1984, instead of putting that $500 in Apple Computer stock? Well, that $500 of Apple Computer stock, if bought on September 7, 1984, would be worth over $31k today. 
What is the "AirWolf" Jacket worth today? Not so much, not even if it were … (1 comments)

denver real estate: The Market - Part 4 of the 5 Part Series - 05/24/08 10:13 PM
The Market
Let me share some insights that, perhaps, you might not have considered in regard to YOUR home ownership.
Now, I hear that a lot of folks say they are waiting for the "bottom of the market".  You might have heard me say on the radio that the market is not the buyer's market that everyone thinks it is.  In fact, the market is incredibly different than you would expect. 
The data I see (shown the national/local chart below) indicates Denver hit its peak in about August/September of 2007 and has been making inroads despite the national mortgage crisis. Now, … (0 comments)

denver real estate: The Market Opportunity - Part 3 of the 5 Part Series - 05/24/08 09:59 PM
The Opportunity
 
Truth be told, there is a world of opportunity out there. Let’s just share some of it with you:
Historically low interest rates (click here to see the chart from the St. Louis Fed) When you add the cost of money and inflation, real interest rates (the return on money over inflation) are negative. So, it is unlikely one will see interest rates drop lower from here.  You should be locking up long-term fixed rate loans NOW.  

 
1 in 3 Homes in the USA has NO MORTGAGE, meaning they are … (1 comments)

 
Michael Clarkson (Snow Coast Real Estate)

Michael Clarkson

Littleton, CO

More about me…

Snow Coast Real Estate

Address: PO Box 620519, Littleton, CO, 80162

Office Phone: (424) 249-9736

Cell Phone: (720) 980-6393

Email Me

Michael Clarkson is one of Denver's highest profile brokers. He’s been featured in: * Realtor® Magazine three separate times, We offer the expertise and insights that are sought out by media outlets like: * 9News - KUSA Denver * Newsradio 850 KOA Denver - "The Mike Rosen Show" * Radio Colorado Network - "Experts Unplugged" and "Business for Breakfast", which includes: 1060 KRCN Denver / Ft. Collins 1580 KREL Colorado Springs / Pueblo 102.3 KVLE Gunnison / Crested Butte 1450 KSKE Buena * TalkRadio 630 KHOW Denver - "The Real Estate Investor Show w/ Bill Bronchick" * The Denver Post * The Denver Business Journal * The Colorado Association of Real Estate Investors


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