Rate Cut Expected Financial markets are pricing in an estimated drop in the Fed Funds Rate to 2% will be announced in the upcoming Fed Open Market Committee Meeting. The next meeting takes place March 18, 2008, with minutes - and the rate announcement - being released the second day of the mee
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03/17/2008
Folks:I was featured in the following Denver Post article regarding foreclosures and home auctions. I wanted to share it with you. You can also see it at http://www.MileHighMLS.com Foreclosures offer bargains, lemonsAlthough it's tempting, buying a house at auction isn't for everyone - and it m
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03/16/2008
Well, it looks like warm weather (warmer than last year), lowered interest rates and increased showing activity brought people into the market, by the MEGATON!!!Here are some of the highlights:The overall market swung wildly from 5.7 months of inventory to 7.0 months of inventory. WOW!HOWEVER, AL
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03/02/2008
Folks:I was developing some information for a client about the market in Denver. I wanted to share the market composition with you as well.I would note that the $200k to $300k is the market sweet spot right now, with 4.7 months of inventory. However, as those folks buy up - and statistics indic
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03/02/2008
Here is a link to my "March Real Estate Update":http://realtytimes.com/112/MichaelJClarksonThis Newsletter is full of interesting and useful information that I think you will enjoy whether you are a buyer, seller, homeowner, or renter.This month's issue includes topics such as: "When Selling Your
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03/02/2008
Need a Professional Referral? MileHighReferrals.com is Here! If you have one to give, contact me here. Dear Readers, Need a Professional Referral? Visit the site exclusive to my clients! For more information, please click to http://rs6.net/tn.jsp?t=l6dhgkcab.0.0.8ww7wzbab.0&p=http%3A%2F%2Fww
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02/29/2008
New Home Builder Deals For Leap Year Weekend Dear Readers, New Home Builder Deals for Leap Year Weekend For more information, please click to www.MileHighMLS.com or www.milehighhomehunter.com Did you know...?Builders encourage Buyers to have a professional real estate broker working with them
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02/29/2008
Historical Return on Real Estate Now that we have seen how Denver appears to be bucking the trend, nationally, let's look at returns on real estate. As the story is national in scope, permit me treat it nationally as well. Let me start this section with a question: Do you recall the couple from
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02/26/2008
The Denver Market The data - the S&P/Case-Schiller Index of Home Price Indices - shows just how local real estate markets are. So, let's look into it more. Though the overall market is down 8.9% (see article here), the local markets show many different stories. In the inimitable words of Secre
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02/26/2008
You likely heard the headline today: "Home Prices Drop to 20-year Low!"It's been all over the news and the internet. If you read the headlines, those of you from my generation would be reminded of a skit that Sean Penn did after the 1987 Stock Market Crash on Saturday Night Live. In that skit,
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02/26/2008