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Fortune favors the brave?

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 […]

Real Estate Update: More of the same

                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 […]

It’s still ridiculous.

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 […]

I’m Very Nervous

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 […]

Not Everyone Can Buy A Home

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 […]

Can’t believe August numbers

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: […]

Why is everyone buying houses?

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 […]

It’s still uncertain

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 […]

What is really going on?

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, […]

Still sheltering, homes still selling – 2020-04-26

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 […]