Investing in the Rental Market An increase in spring activity is very typical, but what stands out this year is the interesting dynamics of the rental sector. I predict that the rental market will stay strong in 2019. Why? When Denver rental vacancy is below 6%, the market experiences rent growth. In 4Q18, Denver’s vacancy […]
Same story… Lack of Inventory There are a lot of different factors and metrics that I can use to assess our current market, such as… However, when explaining our real estate market, my favorite metric to use is the following chart. Please take a look, and begin to consider what it is telling us. What […]
What seems to be happening is that sellers are trying to cling to the spring 2018 prices that their neighbors received, while there aren’t enough buyers in late 2018 willing or able to pay those prices.
How’s the real estate market? The best way to really understand our real estate market is to take the time to dig deep and look carefully at the numbers. Whether you’re a homeowner wanting to understand how your biggest investment is doing, a renter thinking about taking the plunge into home ownership, or a real […]
How’s the real estate market? There are lots of different factors and metrics I can discuss when assessing our market, here are just a few: Rising home prices Overwhelming consumer demand for homes A lack of inventory for sale New construction not keeping up with demand for housing Musings from the Whitehouse Rental prices skyrocketing […]
Denver will be one of the nation’s top 10 “hottest” housing markets in 2018, according to Zillow. The Seattle online real estate company predicted Denver will be the seventh-“hottest” housing market in the country. It used criteria to define “hottest” including “quickly rising home values and rental prices, low unemployment rates, steady income growth and […]
Prices are up 9% in the prior 12 months vs historical 6%. Inventories are tighter than last year, especially for small, lower priced homes. In 2017, we expect 8-9% appreciation, flat unit sales volume increases, and continued tight inventories. Prices grew 9% in 2014, 11% in 2015 and 9% in 2016. Our historical appreciation rate […]
Our strong housing market is not going away anytime soon. The large pent-up demand for houses continues to gobble up any inventory that makes it onto the market and is one of the many reasons I believe demand for homes is going to stay strong for the foreseeable future. As long as demand stays strong […]
Earlier this week, Charles Roberts, a very smart guy and my managing broker at Your Castle Real Estate, was interviewed on Colorado Public Radio. Below are his insightful thoughts on the state of our real estate market: CPR: The inventory of existing homes for sale is at historic lows. What’s driving that? Charles: It’s basically […]
Let’s keep this (somewhat) short and simple… Everything you need to know about the Denver real estate market is contained in the following chart: Download Larger Image What you see are two lines, a solid purple one and a dotted blue one. The solid line shows the inventory (i.e., the number) of active homes for sale […]