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The Foreclosure Cycle

This video is very informative and explains the reasons for real estate market corrections. It also gives an historical perspective of where we’ve been, and the inevitable result of any downturn. A big shout-out and Thank You to Ted Mackel and the Homebuysblog from Simi Valley, for finding this gem!

Explaining the market is much easier than Timing the market. Timing is a much harder thing to predict. We believe the Denver Real Estate market is at, or very near the bottom. Read some of our previous articles, or better yet subscribe to our feed. You will then always be on top of the important statistics that will help you make up your own mind.

We always love to hear what you think! What are your predictions for the Denver Market? If you are thinking of a home purchase, or sale, when do you think it will be the right time to pull the trigger? What factors do you look at when making this decision? Etc…..

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Posted by Bob Schenkenberger - Denver Real Estate on 09/06/2008 11:25 PM

Comments (4)

Foreclosure Cycle in the Real Estate Investing Channel

denver real estate, foreclosure

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4 Comments on The Foreclosure Cycle

OCT

2008

Bob, I too think we are near a bottom. Recent MLS statistics show we only have about 2.5 months of inventory of homes listed under $250,000. that segment of the market has shifted to a seller's market. First time home buyers and investors are buying up the inventory. As the inventory of homes in this price range are purchased the people living those homes will move up to more expensive one and so on. I predicted that July 5th was the turn in the Denver real estate market. "Why?" asked my fellow agents and clients. After the 4th of July weekend, we came back on the 5th and the phones were ringing off of the hook and buyers were ready to finally do something. It just "felt" right.

It is good to read some positive news about the market. Hope the economy will improve .

JAN

I saw your blog posting about foreclosed properties. We offer a great tool to help you in competitive REO listings. www.foreclosurefeedback.com . The Asset manager's can login and see all of the feedback on their REO properties, see what you are doing to market them and print reports to document the need for price reductions. Call in to sign up instead of online and tell them Rick said to give you the first 90 days for free to try it out at 858-270-1055 ext 113. If your competition doesn't offer this, you will definitely have a leg up on them. Rick

JAN

Thanks, Bob. Sometimes, I need a cartoon to understand what is going on! The message? Don't panic, it will turn around again! I'm ready!

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