Category Archives: statistics
The main cause of Foreclosures in Denver….
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, housing bubble, pricing | Tagged Denver Real Estate, Green Valley Ranch | 4 Comments
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 [...]
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.
January Home Sales Up – Is the Denver Market in a mini-upswing?
While I think many Realtors in Denver probably already knew this, it seems buyers are coming out of the woodwork.
Denver Metrolist is reporting good news for buyers and sellers alike. While days on market have gone up significantly from last year, 14% over last year to 117 days, so did ’solds’. Sold [...]
What should be in a Comparative Market Analysis and how long will it be accurate?
What should be in a comparative market analysis (CMA)? A CMA shouldn’t be just a list of solds or actives. It should reflect the current conditions of the market. I was recently asked how long I felt a CMA was accurate and personally, in this market, I don’t think I would want [...]
Money Magazine – Buyer’s agents co-ops and how to get a better deal buying or selling a home.
How about that. I actually got quoted in Money Magazine. Albeit my statement appears a bit truncated, it is not incorrect. I’m quoted as saying “People offer higher commissions because it works”. I’ll stand by that. Offering a higher commission to a buyer’s agent does help sell your home. It doesn’t necessarily help you get [...]
Also posted in Business, Denver, Denver Real Estate, MLS, Marketing, Negotiations, Realtor, commissions | 6 Comments
Most Denver Homes are Overpriced
That’s not new though. Buyer’s market, seller’s market, blah blah blah. What does it mean really? Homes are always overpriced. Always have been.
Most homes are overpriced. Through good and bad, sellers usually overprice their homes. The average active list price for a single family home in Denver for 2006 was 20% higher than the average [...]
Timing the market – Real Estate Slow Stochastic
Just for fun, I wanted to take the pricing data stats from my previous post about market timing and apply a slow stochastic to the prices.
Here’s essentially how they work with stocks.
On the lower part of the image is an example of a slow stochastic. A buy signal is interpreted when the %k (green line) [...]
Also posted in Business, Denver Real Estate, General Interest, Investing, Stock Market | Leave a comment
Denver Sales Statistics – Trying to time the Market? When to sell and when to buy.
Of course, the standard Realtor response is ‘it’s always a good time to sell’. I’ve even heard agents say that the holidays have no effect on sales. I personally think that is just a sales pitch to make them look good, because the statistics are fairly clear. It definitely looks cyclical to [...]
Strong Summer Sales Deplete Supply of Quality Affordable Homes