Summer Market Update

Statistics from June are showing some welcome trends for the Denver Market. The biggest headline is the jump in inventory. Active listings are up nearly 35% from last year and new listings are up 7.4%. This means there is finally more supply in the market for buyers to choose from. Despite this bump in inventory, …

MARKET STABILIZES IN FEBRUARY – Despite Boost in Inventory

Statistics from February are in from REColorado and it looks like things were relatively stable across most categories despite a decent bump in the amount of inventory.  Even with a 9% increase in inventory, pricing was relatively stable, showing that buyers - particularly in the lower price points are still eager to purchase. Here's a …

Lakewood 1% Growth Cap – Horrible Idea

Looks like the risk of a 1% cap on the growth of housing units in Lakewood is back on the table. To recap, a group of local residents collected sufficient signatures to require the council to impose a cap of 1%, or place the measure on the November ballot.  A challenge was filed (on technicality …

How do floods impact property value?

As a broker and as an appraiser, the recent Colorado floods have has raised interest as to just exactly how an event like this will impact home values.  In the past, I have typically applied a discount to properties lying in a flood hazard area - these properties face higher cost for flood insurance and …

Appraisal Issues Blowing up Deals???

A good article in the post about appraisal issues in today's market - It is a good reminder as to why utilizing a real estate broker who can help overcome appraisal issues (such as Cherry Point Properties) can be of great benefit : : Colorado's hot real estate market has put some buyers in the prickly …

Federal Reserves QE3 Action Impact

From Calculated Risk Blog: • And on effectiveness, one of the key transmission channels for monetary policy is through residential investment and mortgages. The previous rounds of QE (and "twist") have lowered mortgage rates and allowed homeowners with excellent credit and income to refinance. However this channel has been limited as Bernanke noted in his Jackson Hole speech: …

Recovery in Housing or Just Smoke and Mirrors?

Came across this interesting blog post: Housing Recovery Narrative Surges Forward, But Reasons for Price Rise More Sinister I think this  author's main point is that we should be skeptical of the "everything is getting better" messaging that is filtering through the press - to which I whole-heartily agree.  True real estate professionals should always be …

Denver apartment rents and For Sale asking prices up

Denver apartment rents continue to climb 10.5%. For Sale asking prices up 8.6% denverpost.com/business/ci_21… via @denverpost — Geoff Hauer (@ghauer) August 7, 2012

Consistently consistent – Denver Housing Market Rebound

1. Consistent growth in number of homes sold. 2. Consistent increase in Average Sold Price.   3. Consistent low inventory. One or two months of this type of activity is nice, but 4 or 5 months - to me that illustrates a true trend. For the past few months I have been writing about the …

How 3 Homeowners Fought Property Tax Bills | Bankrate.com – Google Chrome

Here is an interesting article from BankRate.com about property tax protest, in which I was quoted:No 'double whammy'Geoff Hauer, broker/owner of Cherry Point Properties in Denver, Colo., also says presenting data was key to his successful property tax challenge. He used the purchase of his own house during the valuation period as a data point …

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