Cherry Hills Village – Third Wealthiest Town According to Bloomberg

Bloomberg came out with their annual ranking (LINK) of "Richest Places", and Cherry Hills Village was ranked third in their report behind Atherton,CA and Scarsdale, NY. The article cited accessibility to a city center as a key characteristic in the rankings and quoted managing broker at Sotheby's International Realty, Steve Blank as saying "it happens …

Market Dips in January – What to Make of It?

The January 2019 reports from REColorado (the local association)  and the Colorado Association of Realtors (statewide association) indicate that sales activity in January was weak across the board.  The report form RE Colorado, indicates a -5.8% drop in the Y-O-Y median sale price in Denver County for the month of January.  This report combines attached …

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 …

Property Tax Increase in Denver Explained – Your Mortgage Payment May Go Up Substantially!

If you live in Denver, you may be wondering why your property tax rate increased nearly 18% year-over-year.  That is a pretty substantial increase for anything -  much less property taxes which are usually somewhat stable. People who pay taxes through their mortgage servicers (55% of people in Denver) will see their escrow withholding (and …

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: …

Home Prices Continue Upward

Report from Denver Business Journal on CoreLogic price survey results - bottom line - Denver is doing well - 8.4% increase over July 2011! The Denver real estate market continues to ride a wave of recovery as evidenced by gains in home sale prices, according to the CoreLogic Inc. home price index (HPI) report released …

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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