How's the market? It's the question Realtors® get asked more often than any other question.
Why is that? Well, because unlike doctors, lawyers and accountants, Realtors® are one of the few professions that are pro-active in nature:
- You call a doctor, usually when you are sick
- You call a lawyer, usually when you are being sued
- You call your accountant, when you want to ask if that deduction you took is actually a "red flag" to the IRS.
- THEN, if it IS a red flag, then you call your lawyer, then your doctor as you become ill at the thought of the upcoming audit.
However, Realtors® are folks you call to initiate something: A purchase of a home. A sale of a home. Most of those times, it's something positive.
As a result, people's natural curiosity compels them to invariably ask the "how's the market?" question. It's rare that people go for a week without thinking about a home or their home: fixing it up, buying up, scaling down after the kids go to college, getting away from it all, investing in some foreclosures, or just wouldn't it be great to own a home on a beach in the Caribbean and not have to fight the snow?!?!
So, how do I answer that question? It's always a great time to buy and sell real estate!
Really?!?! Yes. Really.
Why? Well, at the risk of sounding like the old T-Mobile commercial where the "motivated Realtor®" is alternately saying "It's a Buyer's Market", "It's a Seller's Market" and "Any closet is a walk-in closet if you try hard enough" (click here to view) , it really is a great time to buy or sell!
Really? Yeah. Really. Here's why I am keen on real estate. And why I am keen on real estate in Denver.
- Lower home inventories - Crisis? Been there. Done that.
- Historically low interest rates - combined with an aggressive Fed
- Occupancy is at record and near-record lows in Denver
So, let me expand on each of those.
;)
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