Category Archives: housing bubble
The Denver Real Estate Market’s Long Winter…
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 [...]
Condo Conversions and the Dark Underbelly of the Subprime Mess
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 Denver Real Estate, Mortgage fraud | Leave a comment
Who would actually pay price the builders are asking?
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 [...]
What Bubble? Denver’s real estate market is bucking the trends.
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.
The main cause of Foreclosures in Denver….