GOOD NEWS for the Colorado Market… act now before it’s too late

For Colorado as a whole, prices rose by 1.82% in the past year and by 0.32% in the second quarter please see the attached article from the Denver Business Journal for more detail.

As a mortgage professional in the industry I have the opportunity to talk with all parties involved in the transaction- both buyers and sellers and Realtors. The vibe is positive out there. People are feeling good about the inventory going down and …

The latest results from the Case-Shiller Home price indices show that Denver is the TOP PERFORMING area of the 20 cities studied. The Denver Housing market showed a 1.5 percent gain, from May to June, to lead the way!

The Rocky Mountain News reported,
The Denver area showed a 1.5 percent gain in that period. Boston, with a 1.2 percent increase, was the only other metropolitan area to show an increase.
The average percentage change in that one-month period was a loss of 0.5 percent for all 20 cities, and a loss …

I saw this video, laughed out loud, and immediately though that this is what I feel like dealing with the incompetence among the countries big lenders.
Stonewalled and ran around, day after day, their actions and attitudes communicate an overwhelming aire of indifference! [Read examples from previous posts here and here ]
If you are considering the purchase of a foreclosure or short sale, please bring your patience. It will be needed, I promise!
If you are an exec at one of these mortgage companines, Please get your act together …

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If you are a regular subscriber to BlogHomeDenver than this is old news to you; for everyone else, The Denver Post recently published an article touching on some of the incredible deals for investment buyers in the current real estate market.  The current credit crisis and difficulties in the national real estate market are providing opportunities for investors to take advantage of the banking industries misfortunes and missteps.
The newspaper article highlights an active investor who is jumping on this market.  The take-home message for Denver investors is the …

A good value has become a Great Value!
Check out 6180 E. Yale Ave.  This great townhome is priced to move at $284,000!  Originally priced at $324,900 this is a $41,000 savings.
The only other home on the market in the sub-division is priced at $345,000!
Click HERE to view property details and on-line presentation!

How we choose to live in our homes is our business…right? WRONG! If you are selling your home, you may have to make some lifestyle adjustments. For instance, that pool table you have in your living room might make sense to you, but, to a buyer, it can just be confusing. If you have a room with a chandelier hanging down, you should probably have it furnished as a dining room, even if you have not been using it that way.
Quite often, we have rooms in our …

Protestors beware, the Denver Police department is ready for “Mass” arrests if needed.  I find the comments by the a few getting ready to protest funny.  If you’re so worried about the way you will be treated in custody, DON’T BREAK THE LAW!

Using personal loans for the purpose of debt consolidation is silly, especially if you have no pending mortgage or expenses like a travel insurance.

I have just added a little widget showing off the latest medal count for the Olympics.  If you’ll notice on the right hand side of the homepage, you can see the Medal Counts for the top performing teams.
Stop by often to check up on how the USA is doing!
For the record, Michael Phelps is a STUD!

The long term outlook for rates in the Denver Real Estate market, is so unstable it is tough to predict what we may be in for.  The US Dollar has strengthened lately, oil prices are coming down (which is good, but stability is more important)  I’m still worried that the price is too easily manipulated, and that it can go up, just as easy as it did for the previous few months.
Now for the mortgage market.  There is volatility, and that makes for uneasy buyer’s.  Rates have been swinging up …

The Federal Reserve held the line on Tuesday–leaving the Fed Funds Rate at 2.00% for the third straight meeting. The decision, however, was anything but cut-and-dry.
Earlier in the week, the Personal Consumption Expenditure data indicated that inflation climbed 0.8% overall in June, which is the highest inflation jump in 27 years. In addition, the report indicated that inflation now sits at 2.3%–above the Fed’s desired range of 1-2%.
Although the Fed ultimately left interest rates unchanged, inflation obviously remains a concern and the recent rise may lead to an …