You know, I’m never quite sure if I should even bother to make these types of posts because the headline goes against what I continuously say anyway: ALL REAL ESTATE IS LOCAL. Continuously discussing national real estate averages is like discussing a national weather temperature average - it’s the next best thing to irrelevant.
However, since [...]
Given the plethora of negative real estate related stories in the media these days I was a little surprised to see this article admitting that the real estate market in Denver was considerably outperforming the national average.
I will repeat my usual mantra here: stating a national real estate average figure is like stating a national [...]
Metrolist recently released their monthly real estate statistics and since it’s typically considered best to compare data from the same time each year, rather than month to month in any given year, I used data from Broomfield real estate in March 2006, 2007, 2008 because I thought it was very interesting and it’s the most [...]
An informative article by M. Anthony Carr points out that real estate in Boulder, and the overall economy of Colorado, is clipping along quite nicely, thank you very much. He asked Richard Wobbekind an economist at CU about Colorado’s economy:
“That said, the Colorado economy seems to be going along at a pretty good clip and [...]
Kenneth R. Harney recently published an informative article in Realty Times which you see right here:
Some highlights from his article include:
Home sales are at around 4.89 million. In its heyday it was at around 6.5 million. Obviously a little less than 5 million is less than 6.5 million, but hardly a crisis. And the pundits [...]
Breaking news on the Broomfield real estate market, buying a home in Broomfield, and real estate issues in the Denver-Metro area, every day, on The Skinny on Real Estate.
The Colorado Division of Housing released the foreclosure figures for 2007 recently and here is what they say about Broomfield:
Broomfield was one of the top 3 counties [...]
February 27, 2008 – 7:05 pm
According to an MSN Money article, the numbers from the Office of Federal Housing Enterprise Oversight show some interesting conclusions.
Over a 5-year period, in the 291 metro areas tracked, only one metro area - Detroit - showed a decrease in prices.
18 of the 20 worst performing markets are in Florida and California.
The Boulder area ranked [...]
February 27, 2008 – 4:24 pm
Not surprisingly this question comes up a lot these days.
Some buyers are still on the fence and waiting for the “bottom of the market.”
This can be a dangerous proposition especially if you’re just looking for a new family home. Keep in mind that the average home price in Broomfield increased by 4% last year. Despite [...]
February 26, 2008 – 5:43 pm
With the recent press release by Lawrence Yun of the National Association of Realtors and RealtyTrac have (not surpringly) come a spate of articles and headlines all decrying the allegedly increasingly horrible state of the real estate market.
Here’s what you didn’t see:
From RealtyTrac: “…however the 8% monthly increase in January is not as precipitous as [...]
February 13, 2008 – 10:41 pm
RealtyTrac has released their latest figures today for foreclosure activity in 2007.
It is important to note that the key word here is “activity.” A foreclosure start is different than the bank actually taking possession and selling to another buyer. But because all numbers are included in much of the research, it often looks like there [...]
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