Price Appreciation Still Outpacing Inventory

Monday, March 14th, 2016

According to REcolorado, the rise of the inventory of homes in metro Denver has once again been outpaced by price appreciation.

The number of active listings (including detached single-family houses, attached condominiums, and townhomes) increased by 6 percent to 6,954 in November, compared to 6,548 last November.

Home For Sale Real Estate Sign in Front of Beautiful New House.

Home For Sale Real Estate Sign in Front of Beautiful New House.

The increase in available inventory is welcome news in a market where the available homes for sale have been scarce for all of 2015, but the supply is still far from bringing balance back to the market.

Months of inventory increased to just over two months in November, higher than it has been all year, but still lower than the national average.

Six months of inventory is considered a balanced market.

Looking at month-over-month data, however, shows a dramatic drop in the number of homes on the market.

Great Short Sale Debate: Reflections from Linked In

Monday, August 22nd, 2011

As part of our series on Short Sales, we posed some questions to the Linked In community and I thought the questions and answers were worth sharing.

As we have discussed, short sales can be a positive solution by helping one avoid foreclosure. Owners facing foreclosure have some hope and a way to relieve some of the stress. Many of our clients tell us they will be able to sleep better knowing that this situation is being handled. Moreover, buyers can oftentimes get a good deal when they buy short sales.  Lastly, lenders can minimize their losses when they approve legitimate short sales.  I call this the “win/win/win” formula. 

On the other hand, especially when folks are operating on partial information or, even worse, wrong information, then short sales can be extremely frustrating.  In addition, some lenders have poor policies, inadequately resourced departments, and/or other priorities (like keeping the doors open and the FDIC at bay) that can cause long processing times. Let’s illuminate the truth about short sales from the many interested parties commenting from Linked In: seller, buyer, lender, mortgage insurance carrier, investor, attorney, and broker.

Water Rights, Well Permits, and Your Responsibilities

Thursday, February 3rd, 2011

The sad fact is that our water supply is decreasing and, according to data compiled by the World Health Organization, the earth will face mass water shortages by 2050.  Further, it is predicted that the southwestern United States will begin to face greater water shortages as early as 2025. Some assume that water will be here forever, but that is just not the case.  There are some things we can do now that will help preserve our water supply, such as begin to use conservation practices and water-efficient products.  Further, we must all be good stewards of the resources we have and it is incumbent upon each of us to understand the type of water rights or the type of well permits we have, and to use our water carefully and justly. As has become the mantra around the state, “use only what you need.”  For more information on conservation, you may visit www.cwcb.state.co.us.  For more information on water conservation products, you may visit www.epa.gov/watersense.

Timing the Market

Tuesday, November 16th, 2010

I had a great discussion with a client today about folks who are waiting for the bottom of the market. It was his opinion that waiting would be very foolish. I tend to agree with him because, unfortunately, I have not found anyone who has been able to predict the future accurately. I have learned from many very savvy investors that, if you try to time the market and wait for the bottom, you will miss it every time. The “bottom of the market” is just too elusive.