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You might be wondering what’s happening with the real estate market. You might have seen headlines like: “Statewide decline in home sales surpasses that seen in metro Denver last year” “Metro Denver median home prices are lower than a year ago” “Denver housing market showing early signs of heating back up” “Companies Buying Houses For Cash […]
I am not a financial adviser. In fact, I have no credentials in investing, trading, or any of those types of things. So you probably should be wary of what I am about to say. I am an economics major from UCLA. But that also means nothing. The following is merely my opinion, […]
Housing and cryptocurrency Let’s deal with the thing which I know almost nothing about: cryptocurrency. Here’s what I do know. I was watching a football game the other night, and the commercial for crypto.com came on. I didn’t know that’s what the commercial was for, because it was actor Matt Damon walking through displays of […]
“The only difference between reality and fiction is that fiction needs to be credible.” – Mark Twain Fictions reported as absolute truths make us nuts – or at least I hope that I am not the only one that feels that way. Here are two headlines or “truths” in real estate that occur to me as […]
I’m wrong often. In fact, if you asked my kids, they would say I am never right. Of course, this is coming from teenagers without fully developed frontal lobes who say and do some of the dumbest things on a semi-regular basis :-0 . But back to me being wrong: I of course did not […]
We are marching through summer with real estate prices in line with the weather, and there seems to be no change in the dynamics of the real estate market. Continued out-of-balance supply and demand have led to substantial year-over-year price increases. The only thing that appears almost normal is that we seem to be following […]
This is starting to get very boring. Every month I say the same thing, blah, blah, blah: record prices, low-interest rates, bidding wars, people can’t find a house to buy, entry-level buyers can’t afford to buy, etc. Now that we are all clear that we […]
Comedian Shaun Johnson – Buying An Apple – Like Housing Market – @johnsonfiles/TikTok If you have not yet seen comedian Shaun Johnson’s work of genius on what the housing market is like, click here. The supply and demand of residential housing are so out of whack, it seems almost impossible to imagine […]
It would appear that *everyone* is buying houses. Or at least that is what the recent headlines would lead us to believe. News outlets picked up the National Association of Realtor’s report that home sales jumped 24.7% in July from June. Here in the Front Range of Colorado, the Denver Metro Association of Realtors reported […]
Last month I wrote that our current environment makes no sense: all this uncertainty and turmoil, yet the financial and housing markets move along seemingly unaffected (at least for now). The real estate market in Denver has seen record levels of activity in May and June (measured by the number of homes going pending […]