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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, […]
“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 […]
Why? Here is the median price of a home for the last 20 years in the Denver-Lakewood MSA – which I am referring to as the Front Range / Denver Area. Here is the median household income for Colorado over roughly the same period: What do you see? In case you don’t like […]
The comedian Steven Wright had a joke that went something like, “What do the French call déjà vu? …I think I’ve seen this before.” I have lost count on how many Januarys have started with ‘the residential real estate market in the Front Range set records’. Record sales Record prices Record low inventory levels Record […]
The real estate crazy train continues. Real estate records continue to get broken in the greater Denver real estate market (click here if you want to read them all). Here’s just a few: ACTIVE LISTINGS – (Detached & Attached) 4,821 represents the lowest October on record. The previous low was in 2016 of 6,731. […]