Category Archives: housing bubble

The main cause of Foreclosures in Denver….

By Spencer Barron | Published: October 21, 2008
The cause of many of the current foreclosures may be simply that there is no longer any incentive to make payments. There is no equity because there was no money involved for the home owners. There was none created by paying down principal, and there is no longer any more appreciation. [...]
Also posted in Buying a home, Denver Real Estate, Flipping, Fraud, foreclosures, pricing, statistics | Tagged , | 4 Comments

The Denver Real Estate Market’s Long Winter…

By Spencer Barron | Published: June 6, 2008
In 1816, the winter seemed to never end. In New England, ice on river banks was still visible in July and August. The year came to be known as ‘1800 and froze to death’ or ‘the poverty year’. It seems 2008, while much warmer and comfortable temperature wise, will be the year [...]
Also posted in Buying a home, Denver Real Estate, statistics | 1 Comment

Condo Conversions and the Dark Underbelly of the Subprime Mess

By Spencer Barron | Published: February 19, 2008
I just walked out of the second recent condo conversion in a month that I saw back on the market way at about 30% of what it had sold for.  It had been ‘flipped’ in 2006 by some investors.  In my humble opinion, it seems suspicious to me when large numbers of foreclosures show up all at once in [...]
Also posted in Denver Real Estate, Flipping, Fraud, General Interest, foreclosures | Tagged , | Leave a comment

Who would actually pay price the builders are asking?

By Spencer Barron | Published: December 17, 2007
I noticed that many builders have inflated their abstract pricing on their inventory in order to offer better incentives and offer ‘dramatic’ price cuts so that buyers feel like their getting great deals when they buy a new home.  I recently sold a home in the Village at Centennial  near the Denver Tech Center where the builder was offering [...]
Also posted in Denver Real Estate, Marketing, Negotiations, foreclosures, pricing | 1 Comment

What Bubble? Denver’s real estate market is bucking the trends.

By Spencer Barron | Published: November 6, 2007
  A study released on October 31,2007 by S&P Case-Shiller shows Denver leading the country in price appreciation.  While the numbers are not staggering, Denver’s subtle growth marks a stark contrast from the drastic price drops of other cities across the United States.
Also posted in Denver Real Estate, Investing, Market, pricing, statistics, value | 5 Comments