How Did We Get Into This Mess? Today we have raging foreclosures, neighborhood by neighborhood. Families have lost their homes, banks are in trouble and jobs are disappearing. Our economy had a 3.8% drop in GDP in the 4th quarter of 2008. But how did we get here? Changes in t
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03/03/2009
Housing Forecast Stewart Title’s Chief Economist and the Denver Metro Chamber of Commerce Economist recently held a public discussion of the economy at the Jefferson County Board of realtors. They foresee the housing market in Denver as “returning to normal,” with “normal” be
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03/03/2009
This chart separates non-distress and distress unit sales volume over time. Note how until recently the two graphs have had distinct characteristics, or patterns. Non-distress sales have followed the same seasonality pattern over the years but at different levels. The different levels are a
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12/11/2008
The real estate industry in the Denver market might be a case study through which interested folks might learn about the opportunity presented by the real estate crisis. Perhaps the government should just let the private sector move us out of this crisis. It seems to be proce
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12/04/2008
The information available on the condition of the Denver metropolitan area real estate market implies that some segments are doing better than others. “Foreclosure sales are booming” and “High demand for low-end homes,” are some of the recent story lines. Is there is a segmen
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11/13/2008
We recently completed an analysis for a client in the Mayfair neighborhood of Denver, Colorado to help them understand what price they might achieve and how long it might take to sell their property. All cities are complex, living organisms that are constantly changing. The
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11/13/2008
Are real estate prices going up in Denver or down? Is the volume of sales increasing or decreasing? Is inventory going up or down? Are houses selling at a faster or slower pace? It’s tough to answer these questions without understanding the dynamics behind sales in each neighborhood. All citie
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10/21/2008
If you have not heard already, the inventory of home on the market in Denver has been declining. This is not true in many regions of the country. If you often only see national headlines, you might not be aware of this favorable news. Our market has some unusual factors at
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10/21/2008
Denver Metropolitan Area Real Estate Trends Recap of First Quarter 2007 Home Price PerformanceBy Michael Canon, Your Castle Real Estate.Are you afraid of the facts? You shouldn't be. The facts often tell a different story than just the averages. After all, you can drown in a lake that averages si
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05/20/2007
Neighborhood Evolution: Aesthetic Plague or Financial Bonanza? The urban redevelopment occurring in Denver comes as a surprise to no one. But unanswered questions about this transitional process taking place in our neighborhoods has left residents unsettled. Questions include: What will my neighb
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05/13/2007
