There's a term in residential real estate to describe Buyers who are ready to go: Ready, Willing, and Able. These people have their ducks in a row, are qualified financially (both literally qualified with lender, and figuratively qualified, meaning they have assets and employment to support a purchase without having to do anything else). Their intention is to purchase a property Continue Reading
Market Reports
The Market is Anything But Stable Right Now
March 29, 2023 I was recently looking at the latest DMAR (Denver Metro Association of Realtors) Market Trends report (DMAR_MarketTrendsReport_March2023_020323X) for March 2023, which would include data up through the end of February. The interesting thing about data is that its presentation to the public can be spun (or manipulated) by being presented in a certain way, for instance, Continue Reading
Mortgage Application Index Portends Stormy Future
March 8, 2023 Mortgage rates have moved quickly from ~6% to ~7% over the past 30 days: Mortgage Rates Head Back Over 7% After Powell Testimony 30 Yr. Fixed: 7.03% (+0.04% ▲) | 15 Yr. Fixed: 6.48% (+0.03% ▲) | https://t.co/hpyoRNAipg — Mortgage News Daily (@mortgagenewsmnd) March 7, 2023 As would make sense, new mortgage applications are down a staggering 42.3% year over year. Continue Reading
Blow Off Top
Blow Off Top There is a stock market term referred to as a "Blow Off Top." It is defined by Investopedia as: A blow-off top is a chart pattern that shows a steep and rapid increase in a security’s price and trading volume, followed by a steep and rapid drop in price—usually on significant or high volume as well. The rapid changes indicated by a blow-off top, also called a blow-off Continue Reading
Where’s the Inventory?
It seems like there's nothing for sale The inventory in the Denver Metro Real Estate market has been so tight, there has been such as shortage of homes for sale it seems, that many are questioning where all the houses are that should be for sale? In fact, in our last blog post, we mentioned that inventory year over year for December is down an incredible 65.9%. It's very Continue Reading
Sunshine, Millennials, and Migration
Zillow Predicts Denver as One of the Nation’s Top Housing Markets for 2021 In previous blog posts we mentioned some headwinds that Real Estate in general in the US and in particular in big cities may have moving forward, but we believe Denver may be an outlier and will outperform most other cities in the future. Zillow recently confirmed our thought with their own prediction. In Continue Reading
Real Estate Market Out of Gas?
Is the Real Estate market out of gas? Is the party over in 2021? In a recent article from this past week in the Denver Post entitled Metro Denver housing market running out of gas, economists tell agents, the Post quotes several local economists who say that rising sales and double-digit price increases have reached their limits. It goes on to say that the Denver Real Estate market Continue Reading
A Soft(ish) Landing
What is Different in 2019 Well this year is off to an inauspicious start already in the Financial World, lots of pessimism. See my 2019 predictions from earlier this week. It's safe to say I'm cautiously neutral. Not pessimistic but not optimistic. I'm hoping for a "soft landing." What we are seeing quite simply is the winding down of years of massive stimulus, the Continue Reading
Denver Real Estate Predictions: 2019
It’s that time of year again as we turn calendar over to 2019 where Americans are looking into the near future to conjecture what the next year may bring. We focus on Real Estate here at Abode, with a focus on Denver in particular, so that is where this blog post will focus. Good predictions should be rooted in facts and data, trends, extrapolated out, and that leads me to my first Continue Reading
2018 Real Estate Predictions
I've been busy this first week of 2018 reading through economic forecasts, Real Estate Forecasts, and really getting deep into it. The one thing to bear in mind is most people making forecasts have a vested interest in something or other. For instance, financial industry workers rarely admit that the stock market is overvalued or may correct. Realtors rarely say its a Continue Reading
2017 Was a Banner Year
Wow, 2017 was an absolute banner year both in the stock market as well as Real Estate. The focus of this website is Denver Real Estate so let's recap the year now that it is officially in the books. 2017 was a historic year for Denver’s housing market as more homes sold for higher average and median prices than EVER before, and sales (dollar) volume reached an all-time high. Continue Reading
Bubble, Correction, Plateau?
There's no doubt about it: The Denver Real Estate Market has been very frothy the past few years. It started to pick up lots of steam in 2013 or so, and has been full steam ahead now for upwards of 3-4 years, as in 10% a year appreciation. The cause: Well, Low Interest Rates, Cheap Money, Fed policy has had a lot to do with stimulating the economy, and Colorado is very Continue Reading
Welcome to Your Abode
Welcome, and thanks for visiting Abode Real Estate Please browse around and make yourself at home. We will never force you to enter your contact to view information: we feel that information and listings should be free and widely disseminated! If you are in need of Real Estate services, and you like what Abode provides, we'd love to meet with you for coffee and discuss helping you sell Continue Reading
