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Tag Archives | Lakewood

The Vacancy Rate is Falling

Did you know that the Colorado Division of Housing reported that the 2nd quarter vacancy rate for metro Denver was only 2.6%. Denver’s vacancy rate has never been lower. In my opinion, one of the reasons for the rental market to have such low vacancy rates is the number of people that have lost their [...]

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People’s Attitudes & Beliefs About Housing

Prudential Real Estate surveyed Americans in January 2011 and found that 86% of Americans still believe that real estate is a good investment. Do you agree with them? A Trulia survey found that 78% of homeowners say their home is the best investment they ever made. 87% of homeowners and 64% of renters agree or [...]

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The reasons people buy homes has NOT changed

According to the Fannie Mae Housing Survey, these are the top 4 reasons people buy a home: *A place to raise & educate their kids; *A place where their family will feel safe; *To have plenty of living space; *To have control over their living space. What are your reasons? If you’d like to start [...]

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Foreclosures are Plummeting

Did you know that Foreclosures in the Denver metro area are down? The Colorado Division of Housing reported that foreclosure filings plunged 28% from the first half of 2010 to the first half of 2011 – more than 6,000. Foreclosure sales dropped 13% in the first half of the year compared to a year ago. [...]

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Fed’s keeping lid on interest rates

Mortgage rates are at unbelievable low rates.  The Feds are hoping to encourage the housing recovery by keeping interest rates low. “Rates on 30-year fixed-rate mortgages averaged 4.09 percent with an average 0.7 point for the week ending Sept. 22, Freddie Mac said in releasing the results of its weekly Primary Mortgage Market Survey.” Full [...]

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Buy Low, Sell High

The #1 rule in real estate is to buy low and sell high. We know that, but we have to fight our emotions to accomplish that. When the market is euphoric (and everyone is buying) is the point of maximum financial risk. That point happened in 2006. The period of panic started around 2009. The [...]

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Housing Affordability Best in 20 years

This article shows that this is a better time to buy than any other time in the last 20 years. Not a good situation for sellers, but great for buyers. If you need a personal consultation, I’d available to help you decide whether this is a good time for your particular situation. Vickie Hall, 303-944-1153 [...]

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R.E. Market Snapshot

% Change vs AUG 2010 Prior Month Year Ago Single Family (Res + Cond) Active 23,146 -1.30 14.44 Pending 469 -2.90 – Under Contract 3,966 4.15 -24.43 Sold 3,079 -5.52 -21.15 Avg DOM 95 11.98 0.34 Avg Sold Price $268,767 -0.35 7.07 Residential Active 17,837 -0.81 16.57 Pending 381 -0.52 – Under Contract 3,189 4.56 [...]

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