Denver Real Estate Investment…a Ripe Opportunity
January 12, 2012 by Bob Schenkenberger · 1 Comment
Watch this Video for a national perspective on the fundamentals of Investing in Denver Real Estate. If you have considered investing in real estate but all of your disposable income is tied up in retirement accounts, I have a solution! You can ABSOLUTELY use your personal IRA account as a self-directed vehicle to buy single family [...]
Foreclosure and Short Sale Affect Ability to Get Mortgage
November 4, 2011 by Bob Schenkenberger · 1 Comment
When clients are facing foreclosure, the Get Home Denver Team counsels clients as to their options. These options include Selling the home if there is enough equity, loan modification, refinancing, bankruptcy, doing a “short sale”, and letting the bank foreclose. Of these, foreclosure and short sales are the most common. One of the most often [...]
Metro Denver Real Estate Statistics September 2011
October 10, 2011 by Bob Schenkenberger · Leave a Comment
The September sales information had a few positive and not so positive signals. September, 2011 combined MLS Residential Statistics had the following changes compared to September of 2010. The Number of Closed Sales increased (up 12.5%%, to 2,610) Average Days on Market remained consistent at 99 days Number of Active Listings decreased 28% to 12,613 [...]
Denver Metro Area Real Estate : August 2011 Stats
September 8, 2011 by Bob Schenkenberger · Leave a Comment
There are a number of positive signs in this months report; August, 2011 combined MLS Residential Statistics had the following changes compared to August of 2010. The Number of Closed Sales had a significant increase (up 28.4%, to 3,177) Average Days on Market increased slightly to 96 days Number of Active Listings decreased 24% to [...]
Denver Real Estate Market Report – August 2011
August 23, 2011 by Bob Schenkenberger · Leave a Comment
Everyone is aware that the real estate market has cycles, and this is true for the number of monthly sales. The summer months always tend to have the highest number of closed transactions during any given year, and the selling season in 2011 has followed suit. June and July sales both topped the $1 Billion [...]
FHA Decreases Loan Amounts for Most Denver Area Counties
August 19, 2011 by Bob Schenkenberger · Leave a Comment
HUD, the Department of Housing and Urban Development, has announced the maximum FHA loan amount will be reduced in the Denver area beginning October 1, 2011. The 5 major counties in the area, Adams, Arapahoe, Denver, Douglas, and Jefferson have all been adjusted from a maximum of $406,250 down to $368,000, or -9.5%. FHA loans [...]
Denver Area Home Foreclosures 7/7/2011
July 9, 2011 by Bob Schenkenberger · Leave a Comment
Here are some relevant statistics on Bank Foreclosure of Denver Real Estate for the Week ending 7/7/2011. The term NED refers to Notice of Election and Demand. The NED is the formal document that is issued to the Public Trustee by the lender to formally start the foreclosure action on a home or property. The [...]
Another Sign of Denver Real Estate Recovery
July 6, 2011 by Bob Schenkenberger · Leave a Comment
[facebook_ilike] When it comes to Real Estate market statistics, there is no shortage of data points, prognostications or opinions. Is it better to compare this month to last month, or this month to the same month of last year? Are you better off comparing quarterly because of the seasonal aspect of the real estate market? [...]
Denver Area Market Statistics December 2010
January 10, 2011 by Bob Schenkenberger · Leave a Comment
[facebook_ilike] As a quick recap, December, 2010 combined MLS Residential Statistics had the following changes compared to December of 2009. Increase in the Number of Closed Sales to 2,422 (up 4%) Number of Closed Sales for 2010 compared to 2009 (down 7.1% from 33,114 to 30,777) Average Days on Market increased to 111 days Number [...]
Denver Area Real Estate Statistics Recap
December 14, 2010 by Bob Schenkenberger · Leave a Comment
[facebook_ilike] As a quick recap, November, 2010 combined MLS Residential Statistics had the following changes compared to November of 2009. Decrease in the Number of Closed Sales to 2,142 (down 22.1%) Average Days on Market increased to 108 days Number of Active Listings increased 12.2% to 15,232 Absorption Rate increased to 7.7 months (up 47.2%) [...]