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This is the place to view the past and present contests put on by ActiveRain and its members. Everyone can join the
group and help encourage each other. Current contest will be highlighted posts so it's easy for you all to see. Let it
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AR's community takes the time to leave honest and transparent reviews of their experiences
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Whatever it is you're into and wherever you are, AR surely has a group for you to join.
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Each month AR runs numerous contests as a way for our members to engage in activities
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Earn points by partaking in these contest and climb the leaderboard
Do what's good for you and your business by participating
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Ask a Real Estate Question
Here's another avenue for you to build relationships with others. Share your expertise with someone searching for answers.
Play the teacher role and help someone out today
Your Homepage will alert you of new questions in your state
A wonderful way to open a door to a possible new client
Ask a question yourself to get help
These state pages or hyper-local pages provide content directly related to a specific geographical location.
State, County, City and Neighborhood pages make it easy for consumers to find what they're looking for.
Post your listings, school information, local events, market reports and more
Consumers peruse these pages for information
Farm your niche market and cover all the happenings in your neighborhood
On Tuesday, January 27, 2009, I had the opportunity to attend an economic forecast session sponsored by the Jefferson County Association of Realtors. Ted Jones, Senior VP and chief economist at Stewart Title and Patty Silverstein, President, Development Research Partners of the Denver Metro Chamber of Commerce were the speakers.
Some of the key points regarding the general economy:
Oil prices will increase again within 36 months, to $4 or $5 per gallon for gasoline.
In 2009, the average thirty year mortgage rate (conforming) will be around 4.9%.
Inflation will head upwards in 2010 and mortgage rates will be in the mid to high 6% range in 2010 and 7+% in 2011.
We should be encouraging buyers to purchase now. Waiting for another $10,000 drop in price just to get the very best deal on home price but ending up paying a 1% higher mortgage rate doesn't make sense. You are better in the long run to pay 10% more than the bottom price with a lower interest rate.
Apartment vacancy rates will stay steady but commercial vacancy rates, such as office and retail, will increase. Values for commercial properties will decline in the next 3 years.
We will the see the light at the end of the tunnel during the 4Q of 2009 and anticipated recovery in 2010. All eyes are on Washington.
Denver unemployment will be lower than the overall US.
After hearing from the speakers, we all participated in breakout groups to discuss topics of short sales and foreclosure sales, the mortgage market and residential real estate.
In the Denver Metro Area, certain neighborhoods have been hit hard with foreclosures and short sales while others have seen a modest appreciation. Quoting national averages on declining home prices is deceiving. All real estate is local and further in-depth analysis is needed. Typical of real estate, it is "location, location, location."
If you live in the Denver Metro area and would like to know how your neighborhood is doing compared to the previous 12 months, please email me .
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.