Last year for the first time in "data recording history" the National Association of Realtors reported that the medial price for condos was above that of single family homes. While this statistic is not currently true in the Denver metro market, it would appear that the demographics of America are changing.
We deal with people everyday who are wanting to move "downtown". Buyers are have different values these days. They value their time and want to be in an area where there’s a "life of it’s own." It appears that the city and condos are offering it. 
Roof top deck in Lodo, Denver Colorado
Last year for the first time in "data recording history" the National Association of Realtors reported that the medial price for condos was above that of single family homes. While this statistic is not currently true in the Denver metro market, it would appear that the demographics of America are changing.
We deal with people everyday who are wanting to move "downtown". Buyers are have different values these days. They value their time and want to be in an area where there’s a "life of it’s own." It appears that the city and condos are offering it.
Roof top deck in Lodo, Denver Colorado
Real Estate’s Best Sellers
Barnesandnoble.com’s Top Ten Real Estate books
- The Pre-Foreclosure Property Investor’s Kit: How To Make Money Buying Distressed Real Estate Before the Public Auction.
- The ABC’s Of Real Estate Investing
- The Weekend Millionairs’s Secrets To Investing In Real Estte: How To Become Wealthy In Your Spare Time
- Investing in Real Estate
- Millionaire Real Estate Agent
- Home Buying For Dummies (2nd Edition) humm are there many out there?
- Real Estate Investing For Dummies
- Millionaire Real Estate Investor
- Profit By Investing in Real Estate Tax Liens
- Trump: The Art Of The Deal
Denver home for sale
Hey folks, It’s been a long time coming, but after many false starts and multiple procastinations, I’ve finally launced a "single property website."
OK, you may be asking yourself, "what is a single property website?" Well that’s a reasonable question, as many agents are not into marketing so comprehensively. It seems like such a natural for me.
As part of the marketing "mix" if you will, I will now be placing a sign rider on the "for sale" sign with the URL of the single property site. This will show the neighbors and the passer’s by the location of the "single property site".
The site will serve as an online brochure, complete with search engine optimization for the listing. It will also have a copy of the brochure that is typically found in the brochure box on the sign. There’s a virtual tour, single shot photos (for those who don’t have the time for virtual tours) and all the Colorado State Required Addendums necessary for brokers to write an offer.
I even have a section translated into Spanish, to assist our Latino market.
Whew! 17 pages in all…my seller likes it. What do you think?
2977 S. Wabash Street, Denver, CO
HUD changes FHA home repair policy
(Washington, D.C.) HUD is urging real estate agents working with buyers to look at FHA’s new 203(d) Home Repair program, saying it loosens the agency’s demand that homes meet certain repair standards before an FHA-insured loan is granted.
In the past, some buyer agents have not encouraged buyers to use FHA financing because of concerns about FHA’s pre-sale repair requirements. The new Streamline(K) Limited Repair Program, however, permits borrowers to add $5,000 to $15,000 to the loan amount and make the required repairs after loan closing.
The new product can also be used for other repairs that the new homeowner wants to accomplish without the need for an additional loan.
source: The Real Estate Professional
I love technology!!!
Someone has combined the technology of Google Maps along with the most popular Craig’s List for Denver housing. Be sure to check it out…
Denver home for Sale
Beautiful home on a large, treed lot.
See it on Craig’s list
Denver Art
Visitors to Denver and the newly expanded Denver Convention Center will be able to view the darling Blue Bear. Never fear he’s a friendly sort of bear, just wishing he could join in the convention fun.
Metro Denver Gains 10,700 Jobs
The Denver Business Journal - 2:45 PM MDT Tuesday
There were 10,700 jobs added in metro Denver during June — and hiring is expected to continue at a strong pace in the third quarter, according to the monthly economic summary released Tuesday by the Metro Denver Economic Development Corp.
The year-over-year job increase is 2.1 percent. The leisure and hospitality category had the largest gain from May to June, 3.4 percent, followed by natural resources and construction, 2.5 percent. Government jobs declined 1.9 percent.
In the first six months of 2005, the largest employment gains came in natural resources and construction, 4.3 percent, or 3,800 jobs; professional and business services, 3.4 percent, or 7,000 jobs; and educational and health services, 3.3 percent, or 4,400 jobs.
Statewide, employment rose 1.3 percent, or 28,400 jobs, from May to June. Colorado’s year-over-year employement has risen 2.3 percent and is at its highest levels since 2001.
In June, 16 of 18 economic indicators were positive in metro Denver.
Both Metro Denver and Colorado employemtn growth has outpaced the nation through the first six months of the year, the report said. The year-to-date unemployment rate of 5.3 percent is below 2004’s 6 percent for the same period.
"With the increased hiring tends and the low unemplyment rate, Metro Denver is gaining sigificant economic momentum," said Tom Clark, executive vice president of the Metro Denver EDC, in the report.
The metro Denver report encompasses seven counties: Adams, Arapahoe, Boulder, Broomfield, Denver, Douglas and Jefferson.
Development Research Partners, Inc., headed by Patricia Silverstein, compiled the report.
Mountain States’ Economy Rebounding, Study Shows
By The Associated Press
DENVER - The mountain region of Colorado, Wyoming and Utah could end 2005 with its strongest job growth in years as the economy continues to improve, an economist predicted Monday.
Nearly 51,000 jobs have been added regionwide since January, and indications from business leaders and managers are that the recovery will continue, Creighton University economics professor Ernie Goss said.
"Surveys over the past several months and government data indicate that the region is growing jobs at a pace not experienced since before the 2001 recession," Goss said.
The Omaha, Neb. - based university’s overall Mountain States Index set a record in July at 72.4, up from 71.0 in June. The July employment index was 71.7, up from 65.0 the previous month.
The Creighton Economist Forecasting Group, directed by Goss, conducts a monthly survey of supply managers in the three states to compile the index, which ranges between 0 and 100. An index greater than 50 indicates an expansionary economy in the next three to six months.
Here is a summary of results for each state:
Colorado - Overall index rose to 72.9 from 72.4 in June. Goss siad the state has added about 22,000 jobs and he expects an additional 26,000 new jobs by December, which would put job growth at 2.2 percent for the year. If the prediction holds, it will be the strongest job growth in the state since 1996, Goss said.
Utah - Overall index was 56.8 down slightly from 57.0 in June. High-tech companies reported solid growth. Goss said the state has added about 25,000 jobs this year, and he expects an additional 22,000 to be created by year end, ;utting job growth at 4 percent. If the prediction holds, it will be the best job growth in the state since 1996, Goss said.
Wyoming - Overall index was 84.4, up from 77.6 in June. About 3,500 jobs have been added this year and Goss expects an additional 2,000 by year end to put job growth at 2.1 percent. That would be the highest job growth since 2001, he said. Originally published August 2, 2005
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