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Credit: Still, www.nme.com If you are reading this letter, chances are you’re probably not a regular TikTok user. Therefore you might not have seen Nathan Apodaca’s TikTok video that went viral, causing tribute videos by the likes of Mick Fleetwood and a TV commercial. In the seemingly innocuous video, he is seen in the morning […]
I missed it I thought for sure we would see a slight down-tick in activity in August…nope, I was wrong. Just the opposite, August was a record month in activity (homes going pending/under contract). Having missed the mark on August, I am still not changing the story I have been telling most of this year: […]
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 […]
Here was a frightening headline on NPR earlier this month: “Millions of Americans Skip Payments as Tidal Wave of Defaults and Evictions Looms” It sure seems weird right now. Consider the following: Record unemployment and stock market highs – at the same time. Speaking of unemployment, last week’s jubilation that there were *only* 1.9 million, […]
The state Shelter At Home (SAH) order expires today. However, many Front Range counties extended their (SAH) order through May 8th. For the last two-plus weeks, showings were not allowed. Photography, staging, and other home preparation were not permitted. However, people were still doing it. As a result, there has still been home sales activity. See […]
Activity has finally fallen off a cliff. Yet there are still homes being listed and sold. Look at the chart provide by Megan Aller of First American Title. There is a lot on the chart, but essentially it is demonstrating that showing activity is down over 90% from the peak week. Yet, homes that went […]
“What the heck is going on?” With so much up in the air right now, you might be wondering if there is anything of value that I can provide in this update. So…it seemed then that the place to start would be with the most common questions I’ve been fielding: • Are people still buying […]
New restrictions This past week real estate was finally classified as ’non-essential’ by state authorities. That means real estate agents are not allowed to be marketing and showing property. However, it is okay to complete transactions already in progress. As mentioned in previous writing I felt like this course of action should have been the rule […]
Denver has shelter in place / stay at home – whatever it’s called. Other cities/counties seem to be following. Real estate is considered ‘essential’ – along with ancillary services. However, is that a good idea? What if a buyer, or a tradesperson, or someone else involved in the transaction, has the virus and unknowingly gives […]