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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 […]
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 […]
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 […]
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, […]