Homes and Life in South Metro Denver

For 1 out of every 45 Colorado households (or 40,000 families), 2007 was a stress-filled, heartbreaking year. These were the families who lost their homes (for varying reasons) in foreclosure. For those who lost their homes in this way, their emotional reactions to the event often led them to take everything of value that they could from the home - appliances, light fixtures, wiring, carpet,..(read more)

Yahoo! The number of homes sold nationwide in February reversed a 6-month string of declines. In fact, existing home sales went up by a good 2.9% (for the year, that equates to 5.03 million housing units!). Despite this nice little turnaround in the home sales trend, economists with the National Association of Realtors (NAR) are still keeping their eyes on the second half of this year when..(read more)

According to the Conference Board, an independent research group, the consumer confidence index fell from 76.4 in February to 64.5 in March. This low confidence rating surprised many analysts who were expecting a much higher number. What impacts this confidence rating? Well, it ties directly to how consumers view general business conditions, the job market, and their prospects for a good income...(read more)

According to the Colorado Division of Housing, statewide apartment vacancy rates continue to fall. At the end of the 4th quarter 2007, the apartment vacancy rate had dropped to 8.6% - compared to the 10.4% rate in December 2006. Average monthly rents also continue to increase across the state. If you are a current Colorado real estate investor, or a first time investor looking for the right..(read more)

Parker's citizens wanted it and the Parker Town Council has responded. Recently, the Council adopted a resolution to establish a Sister City Affiliation Policy. Sister cities programs such as this deliver wonderful benefits to the international communities participating in them. Beyond just a "pen pal" type of relationship-building activity, Sister Cities programs foster enriching..(read more)

My residential buyer, seller, and investor clients often ask me what I foresee happening in our Denver metro market. My short answer is that things are actually looking pretty good for everyone.
Lawrence Yun, who serves as chief economist for the National Association of Realtors, recently provided an upbeat outlook on real estate in our region. He shared that a combination of a strong job..(read more)