VerdeDenver

To date, sales volume for all of the south Denver neighborhoods is outstanding.  Prices where great if you are selling your home.  the sales volume could have been much higher if not for the continuing low inventory of homes for sale.  Ironically the actual sales closed volume was about the same as 2012 & 2013.  With the Inventory lower, the prices increased.  In a recent publication, The Denver Metro Association of Realtors reported that inventory had risen 6 to ...

The NonFarm Payroll report today is creating a small rally. The economy added 192k jobs in March versus 200k surveyed and the unemployment rate held at 6.7%. The Underemployment Rate is up to 12.7% versus 12.6% in Feb and the Labor Force Participation Rate is now at 63.2%, up from 63.0%. Earlier in the week, the ADP report showed a payroll increase of 191k jobs in March versus 139k in Feb. That caused the S&P to rise to an all-time high of 1890. Bonds took a hit and the 10yr crossed ...

Should you sell? 5 Crucial Considerations

If you’ve been paying attention to the news, you’ve undoubtedly seen headlines stating that real estate prices are on the rise, and in most markets, housing has begun to bounce back. In a selected few metros, like Los Angeles, San Francisco, and New York City, the housing market isn’t just bouncing back – it’s booming! So, if you’ve been on the fence, waffling about whether or not to sell,...

Cut energy expenses further

While you are in the mood to reduce energy consumption, call your electric utility and/or your heating-fuel company to ask about financial incentives for installing energy-efficient appliances or improvements. Some utilities subsidize the cost of improvements: adding insulation or weatherstripping, or installing that programmable thermostat, for example. Others give rebates for purchasing Energy Star appliances such as water heaters, air conditioners, dehumid...

Finally, it’s spring. To celebrate, do a few improvements indoors — tweaking your home’s energy efficiency and getting doors to operate smoothly — and then get outdoors to do some work that shows off your home’s exterior. Install a new screen door or repair an old one. Maintain fireplaces and gas appliances while avoiding the scammers who pop out of the woodwork like bugs this season. Repair fences. Remove stubborn stains from concrete garage floors, patios and s...

The market only heard three words from the meeting – ‘about six months’. That puts any potential interest rate hike well into 2014, much earlier than expected. The argument now is whether or not six months was a misstatement and Ms. Yellen needs to be more careful with her words or is she more transparent than Bernanke and spoke her mind. It’s probably a little of both. She may draw a straight line between where she sees the economy...

Invite Clients, Friends and Contacts to Your Facebook Page

Using social media to it's fullest potential will help increase your exposure and increase referrals. Even if you are posting great content on your Facebook Business Page, if only a few people have "liked" your page then your message is getting lost. Use the tools Facebook gives you to invite your friends, partners, past and current clients, and email contacts to join you on Facebook. From your Faceboo...

Is the market just a deer in the headlights? We have a new Fed Chair, tapering continues without hesitation, the Fed has moved to a qualitative (subjective) approach from a purely quantitative approach, there are huge weather disruptions, emerging markets are struggling, mortgage applications are at a 5yr low, inflation is uncomfortably low and all the while the market ceases to move. Today the 10yr stands at 2.68. Three weeks ago it closed at 2.68 and five weeks ago it close a...

Another reason to Expect a strong Market for 2014 In Platt Park.  Continued popularity Of our very urban neighborhood.  it's hard to Imagine ever seeing the suburbs as the first point of destination for most people in Denver.  The advantages to living closer to the city with all the amenities and charm it has to offer will continue to attract those who can afford living in our oh... so popular neighborhood.

Here is my fourth reason to look forward to a strong market here is Platt Park for 2014. Continued Low Interest rates. Interest rates are still at historically low levels.  yes, they have risen a bit and will likely continue to nudge upward but the overwhelming expection is they will stay in 4.5 to 5% range this year.  People will bummed they missed the 3- 4% days but it's still a great reason to purchase your home this year.