Seasons Market Shift: What You Should Know for the New Year

Friday, December 16th, 2016

The New Year is often the best time to start new ventures. If one of your resolutions this year is to sell your home or property, here are some market shifts you will want to be aware of before contacting a listing agent.

2017 real estate trends, market, prediction, new year

  1.   Analysts see a recession occurring in 2017

According to Yahoo Finance,  a group of surveyed market analysts agreed that the real estate sector should be a little pessimistic about the economy in the near future. They say this is primarily caused by global uncertainty, leading investors to turn away from U.S. real estate. In this tricky environment, it’s important to know exactly how to approach the market; Alaris Properties would be happy to help you navigate stormy waters.

  1.   Housing market is already near pre-recession peak

Home prices have continuously posted steady year-over-year gains, accumulating into near pre-recession highs over a 53 month period. The median price for single-family homes is around $226,000—a 7% increase from 2015. This will eventually cause market normalization and stagnate price growth.

Featured Business: Kathy Basel, The Vitality Code

Tuesday, November 22nd, 2016

vitality codeKathy Basel creator of the Vitality Code, is a natural health expert who takes a refreshingly new whole-person approach to helping her clients look and feel their best.  Kathy knows that many people hate traditional diet and exercise programs that don’t produce lasting results. She teaches practical life strategies rooted in twelve dimensions, all of which create vibrancy from the inside out.

She believes the best approach is to have fun as we create ways to nourish ourselves fully in mind, body and soul. She partners with her clients to redesign a lifestyle that supports vibrant health, optimal energy, mental clarity, and better moods and sleep so they can put away their medication, live pain free and enjoy their lives feeling fully alive.

Kathy incorporates energy healing in her work to help address the emotional components that may be at the root cause of pain or disease conditions, and this frees the body to heal itself naturally.

Featured Business: Kari Solomon

Tuesday, October 18th, 2016

kari solomonKari Solomon is a Natural Health Practitioner at My Vital Force Wellness Center, in Lakewood, Colorado.

She does natural health consulting, including biofeedback to find out what stressors your body has, plus the balancing products that your body shows a biological preference for.

One of her favorite things to work with clients is how the emotional congestion in the body is affecting them. She uses a fantastic biofeedback program that helps to clear out the emotional congestion/emotional triggers. There are many great testimonials about this program!

She also teaches classes about how to recreate your microbiome (digestive health), which helps people to lose weight. Her website shows many of the other therapies she does.

Call to find out if she is a good fit for you. Schedule an appointment to find out how you can start feeling better today!

MyVitalForce.com

Kari Solomon

303-946-7468

MyVitalForceCenter@gmail.com

Buying Investment Property

Wednesday, October 5th, 2016

growWith historically high rents being collected and expected to rise, we have several clients who have asked us to help them with purchasing investment properties. One client is interested in purchasing duplexes and triplexes, another only wants single-family homes, and yet another only wants town homes and condos. Some investors are open to any type of property that will make money, including doing “fix and flips.” Because of the increased demand for purchasing investment properties, I want to highlight some key points about the process of buying rental properties.

Start by answering the question: What is the purpose of the investment property? It could be for immediate cash flow, future appreciation, a place to park capital, balancing your portfolio, or a combination of all. When we start with the “why” question, it is easier to design a search, stay within budget, and achieve clearly defined objectives. We ask our clients to answer many questions to help them define their “why”, and we make it easy to answer this question. Nonetheless, it is mission critical to clearly answer it. One of the ways we help with this question is by using what we call a GROW Analysis. The pneumonic is explained below.

Understanding Value

Wednesday, May 4th, 2016

Value may be controlled by the market, but we understand that value. In previous articles, we have talked about how to value your home, how to command the highest price for your home, for buyers how to present winning offers, and how to negotiate contracts. We are here as valuable resources and trusted advisors. You may call upon any of our brokers for all your real estate needs and questions.

Inventory remains at historic low levels and buyers feel anxious. Inventory is down by about 50%. For those of you who have been waiting for the opportune time to sell your home — the time is NOW.

It may surprise you to know that there are over 150 new home communities in the greater Denver area. New home builders and developers understand this huge demand, which has led to a burst of new construction. With population anticipated to grow, new home builders are pushing inventory onto the market as fast as possible. We are excited to see how this market changes with the classic battle of supply and demand.

Fastest Job Growth Rates

Monday, August 17th, 2015

Elegant boss

The U.S. Bureau of Labor Statistics recently reported that two Colorado counties were among the three largest U.S. counties with the fastest job growth rate in 2014.

On top of that, Colorado ranked No. 3 overall for the rate of job growth among states.

Weld County topped the list for a second straight year and tied with Midland County, Texas, for having the highest increase in employment in the nation (8 percent) between December 2013 and 2014.

Adams County came in 3rd in the nation with a 6.4 percent growth rate.

That compares to a national job growth rate of 2.2 percent last year.

Denver County came in 13th on the national list with a 5 percent job growth rate in 2014.

In a separate BLS ranking, Douglas County was fifth in the nation for its rate of increase in average wages, with a gain of 8.8 percent between the fourth quarters of 2013 and 2014. The U.S. average gain was 3.5 percent.

A Robust Real Estate Market

Thursday, July 23rd, 2015

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According to a report from RealtyTrac, foreclosures in Denver, Aurora, and Lakewood are down 3.13 percent in the first half of 2015 compared to the first half of 2014.

Downside: fewer foreclosures could make it tougher for home buyers to find a home in the already-tight Denver market

Upside: a robust real estate market

Foreclosure filings, from January to June, were at one in every 350 properties in the state, which brings the total to 3,096, or 29 percent of the housing units in the state. Foreclosure filings are the initial documents, filed with county public trustee’s offices, that are used to start the foreclosure process. That process ends with the sale of a property at auction, unless debt related to the property is repaid.

As for its rank in the country, Colorado is 28th among the states in terms of number of foreclosures.

Click here to see the full report.

Kudo Invites You To Attend

Wednesday, September 19th, 2012

Come be inspired

Mortgage Payments Fall To All-Time Lows

Monday, June 25th, 2012

Mortgage payments

It’s a money-saving time to be a Denver area home buyer.  Historically, mortgage rates of all types — conventional, FHA, VA and USDA — have never been lower and low mortgage rates make for low monthly payments.

According to Freddie Mac’s weekly mortgage rate survey, the average 30-year fixed rate mortgage fell to 3.67% nationwide earlier this month for borrowers willing to pay 0.7 discount points at closing, plus a full set of closing costs.  0.7 discount points is a one-time closing cost equal to 0.7 percent of your loan size, or $700 per $100,000 borrowed.  Today’s mortgage rates are a bargain as compared to just 1 year ago.

In early-June 2011, the average 30-year fixed rate mortgage nationwide was higher by 88 basis points, or 0.88%.  If you are among the many U.S. homeowners who bought or refinanced a home around that time, refinancing to today’s mortgage rates could save you 10% or more on your payment.  Home buyers have measurably more buying power, too.