Media Commentary

12th February
2008
written by Bob Schenkenberger

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Check out our new page title News & Rates.  Here we will have all current News and Interest Rate Feeds.  We will feature both local and national stories relating to Real Estate and Mortgages!

7th February
2008
written by Bob Schenkenberger

Check out this article published in the Rocky Mountain News,

http://rockymountainnews.com/news/2008/feb/06/new-home-market-anemic/

Basically, it says New Home Sales have hit bottom, and are on the rebound. Unemployment is low, and significantly better than the rest of the country. We hav (more…)

2nd February
2008
written by Bob Schenkenberger

So, everyone is speculating that either Google, or Microsoft purchased the Sun Microsystems Campus between Denver and Boulder. Quite frankly, who cares! Either of these giants will be a welcome addition to the Denver business scene, a boon to the economy and the real estate markets biggest blessing.

Maybe the purchase of a $56 million dollar property says they believe it’s a good time to buy?

Starting this Monday, the Get Home Denver Team’s (more…)

31st January
2008
written by Bob Schenkenberger

Well the news is in, Denver has gone from top 5 for foreclosures in the country, to the number 5 best market in the country. The bad news is the the number 5 market in the country declined in value by 3.1%, to achieve such lofty status.

The good news is, the Denver real estate market is trending in the right direction!

We compile a weekly list of some of the best deals in town. If you (more…)

25th January
2008
written by Bob Schenkenberger

Well, many have said the mortgage debacle the US has been experiencing was the result of a “perfect storm” of sorts. Lenders being shady, and getting clients into less than suitable loans, the slowing of the real estate market, and overall economic uncertainty. Usually any one of these would not have precipitated such a dramatic increase in the foreclosure rate, but together, BOOM! The house of cards is falling.

The flip side is another potential “perfect storm!” This time it will be the opportunity of a generation to buy real estate and secure a financial freedom that most only dream about. The coming together of a huge number of below market value properties hitting the market, interest rates that are VERY attractive (currently qualified investors can get in for less than 7%), and our federal government doing whatever it can to stimulate the national economy.

What this means is for the next year or two; The people with ablility to buy real estate while it is down (NOW!), will be able to get a great deal on both purchase price, and interest rate. While the rest of the population, (more…)

15th January
2008
written by Bob Schenkenberger

Check out the article in the Rocky Mountain News…I’m wondering if they are responding to my last blog (more…)

10th January
2008
written by Bob Schenkenberger

Everyone is screaming the sky is falling! The national and local press, “reporting” the facts, when they see fit, and not reporting them when they don’t! Sure the market is slower, appreciation is non-existent in most areas, and foreclosures are screwing up a large scale recovery.

However, Real Estate is a localized commodity. Every market is different. Colorado has been in a slow market for over 5 years! All while places like California, Florida, and Arizona were experiencing double digit annual appreciation. The country will not recover all at once. It will happen market by market.

Currently the Denver market is absorbing the foreclosures and inventory faster than it has in over 2 years! What is still a weak market, IS GETTING BETTER!

Whenever you have a weak market, it is also a huge opportunity. The Classic rich get richer market is (more…)

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