market condition: Market Conditions - As of August 1, 2009 - 08/11/09 12:59 PM
Market Conditions - As of August 1, 2009
 
In July, the national unemployment receded back to 9.4% from 9.5% in the prior month.  This is a positive sign that the bottom of the recession appears to be close at hand, if not already past, as unemployment is a trailing indicator.
Denver's market continues to demonstrate some indications of stalling - the absence of move-up buyers.
Let's start with the facts:
Remembering that 6 months is the tipping point between Seller's markets (below 6 months) and Buyer's  markets (above 6 months), here is how Denver is faring:
•·         Nationwide - 9.4 … (0 comments)

market condition: Denver Market Conditions - As of July 1, 2009 - 07/07/09 03:35 PM
Market Conditions - As of July 1, 2009
Reports can be retrieved at: http://images.agentcenter.com/client/4/3/9/23934/2009.06_Blog_Information.pdf  
In June, the national unemployment rate inched up to 9.5% from 9.4% in the prior month. That is the 2nd highest it's ever been since statistics have been tracked consistently, starting in January 1948.  Recapping the five most recent highs have been:
•1.       10.8% - November and December 1982
•2.       9.4% - May 2009
•3.       9.0% - May 1975
•4.       7.9% - October 1949
•5.       7.8% - July 1976, November 1976, July 1980, June 1992
Despite Denver's market news looking initially optimistic, there are some troubling … (0 comments)

market condition: Denver Market Conditions - June 2009 - 06/16/09 01:21 AM
Market Conditions - June 2009
 
In June, the national unemployment rate reached 9.4%. That is the 2nd highest it's ever been since statistics have been tracked consistently, starting in January 1948.  The five most recent highs have been:
•1.       10.8% - November and December 1982
•2.       9.4% - May 2009
•3.       9.0% - May 1975
•4.       7.9% - October 1949
•5.       7.8% - July 1976, November 1976, July 1980, June 1992
While that is a high number - one which was not expected to be hit, we have come back from similar - and worse - unemployment.
Despite that news, … (0 comments)

market condition: Denver is "ON FIRE" -- as long as you are in the 88% of the folks making less than $100k - 05/22/09 08:29 PM
See more here: Denver Market Statistics
Some interesting points: 
Unemployment:
National - 8.5% (up 0.4%) - the highest since 1983. Colorado - 7.2% (up 0.6%) - the highest since 1988. Denver - 7.9% (up 0.5%) Months of Housing Inventory is DOWN SHARPLY (good thing for prices), meaning a trend toward a Seller Market.
Seasonalized (taking into the seasaonality of the Denver's market sales 60% April - September; 40% October - March) - 5.35 Months of Inventory - Seller Market Unseasonalized (taking only the current month demand into account) - 6.43 Months of Inventory - Neutral Market A well balanced market is 6 … (0 comments)

market condition: Denver is "ON FIRE" -- as long as you are in the 88% of the folks making less than $100k - 04/12/09 07:47 PM
See more here: Denver Market Statistics
Some interesting points: 
Unemployment:
National - 8.5% (up 0.4%) - the highest since 1983. Colorado - 7.2% (up 0.6%) - the highest since 1988. Denver - 7.9% (up 0.5%) Months of Housing Inventory is DOWN SHARPLY (good thing for prices), meaning a trend toward a Seller Market.
Seasonalized (taking into the seasaonality of the Denver's market sales 60% April - September; 40% October - March) - 5.35 Months of Inventory - Seller Market Unseasonalized (taking only the current month demand into account) - 6.43 Months of Inventory - Neutral Market A well balanced market is 6 … (1 comments)

market condition: RealtyTrac - Misreporting Numbers? Hurting Colorado for profit? - 02/04/09 08:30 AM
If your real estate broker said:
•·         This home is $200,000, plus or minus $140,000
•·         This home has 4 bedrooms, plus or minus 2.5 bedrooms
•·         This home is 2000 square feet, plus or minus 1400 square feet
Chances are, you might think that your real estate broker "never left Woodstock", and, then make the decision to find your own way back to the real estate office.
Well, it's ironic.  Why?
Because the same appropriate doubt one would have with regard to the above is totally dismissed when put on the evening news. 
I hear you saying: "What does he … (0 comments)

market condition: Denver Market by Locale/City/Market - Mile High Home Hunter Realty - 11/30/08 09:08 PM
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market condition: Denver Market by Price Point - Mile High Home Hunter Realty - 11/16/08 12:31 PM
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market condition: Denver Market by Price Point - Mile High Home Hunter Realty - 10/17/08 07:04 PM
 
 

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market condition: Denver Market by Locale/City/Market - Mile High Home Hunter Realty - 10/17/08 06:54 PM
 
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market condition: Denver Market by Price Point - Mile High Home Hunter Realty - 10/15/08 08:53 PM
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market condition: Denver Market by Locale/City/Market - Mile High Home Hunter Realty - 09/15/08 04:18 PM
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market condition: Denver Market by Price Point - Mile High Home Hunter Realty - 09/15/08 04:13 PM
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market condition: Denver Market Report by Locale - July 2008 (Single Family Residential) - 08/07/08 02:58 PM
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market condition: Mile High Home Hunter - The Daily Dirt - Market Activity by Community/Locale - 05/24/08 09:35 PM
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market condition: Denver, Colorado - Market Demographic - Months of Inventory by Price - 04/06/08 09:27 PM
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market condition: The Daily Dirt - How's the Market? News from the Mile High Home Hunter (Pt. 3) - 04/05/08 11:24 PM
Occupancy Is at Record and Near-Record Highs in Denver
Lastly, occupancy of rental units is running at historic highs.
As I was quoted in the Denver Business Journal, many of you are starting to invest in real estate. First time investors are starting to jump into the market. With a near perfect storm of low interest rates, high demand, fewer new homes coming online, and the strong local economy, Denver is becoming starved for rental housing.  Here's what some of my very own clients are doing. (Click here to see the Denver Business Story.)   
Additionally, apartment rents are going up and there are … (0 comments)

market condition: The Daily Dirt - How's the Market? News from the Mile High Home Hunter (Pt. 2) - 04/05/08 11:22 PM
Lower Home Inventories - Crisis? Been there. Done That!
What do lower inventories tell you intuitively? 
It tells me that supply is lower than demand.  And when supply is lower than demand, what happens to price?  It goes up!
Well, below is a chart showing the national scene.  You can see the preliminary number for February 2008 - the latest statistics available - show 9.6 months of inventory. 
Just looking at this chart, you get a real sense of why there is panic:  Months of Inventory (how long it would take to sell all the actively listed homes to sell if no more … (0 comments)

market condition: The Daily Dirt - How's the Market? News from the Mile High Home Hunter (Pt. 1) - 04/05/08 10:10 PM
How's the market?  It's the question Realtors® get asked more often than any other question. 
Why is that?  Well, because unlike doctors, lawyers and accountants, Realtors® are one of the few professions that are pro-active in nature:
You call a doctor, usually when you are sickYou call a lawyer, usually when you are being suedYou call your accountant, when you want to ask if that deduction you took is actually a "red flag" to the IRS. THEN, if it IS a red flag, then you call your lawyer, then your doctor as you become ill at the thought of the upcoming audit. … (0 comments)

market condition: Fed Rate Cut Expected - 03/17/08 11:50 AM
Rate Cut Expected  
Financial markets are pricing in an estimated drop in the Fed Funds Rate to 2% will be announced in the upcoming Fed Open Market Committee Meeting.  The next meeting takes place March 18, 2008, with minutes - and the rate announcement - being released the second day of the meeting. So, expect some news on March 19, 2008, likely around lunchtime, Denver time.     If the market is correct and the Fed drops the Fed Funds Rate to 2%, it will represent the lowest rate since November 10, 2004.  The Fed Funds Rate is at a … (2 comments)

 
Michael Clarkson (Snow Coast Real Estate)

Michael Clarkson

Littleton, CO

More about me…

Snow Coast Real Estate

Address: PO Box 620519, Littleton, CO, 80162

Mobile: (720) 980-6393

Office: (424) 249-9736

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Michael Clarkson is one of Denver's highest profile brokers. He’s been featured in: * Realtor® Magazine three separate times, We offer the expertise and insights that are sought out by media outlets like: * 9News - KUSA Denver * Newsradio 850 KOA Denver - "The Mike Rosen Show" * Radio Colorado Network - "Experts Unplugged" and "Business for Breakfast", which includes: 1060 KRCN Denver / Ft. Collins 1580 KREL Colorado Springs / Pueblo 102.3 KVLE Gunnison / Crested Butte 1450 KSKE Buena * TalkRadio 630 KHOW Denver - "The Real Estate Investor Show w/ Bill Bronchick" * The Denver Post * The Denver Business Journal * The Colorado Association of Real Estate Investors


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