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Denver Real Estate Market Hot

by Roberts Johnson and Rachel Diedrich, Real Estate B

Happy Wednesday afternoon!

Hi, Roberts Johnson, with Cool Denver Homes.

The real estate market in Denver and surrounding areas is hot right now!  I’m personally working with a half a dozen individuals and couples trying to buy right now.  What’s the reason you ask?  Uncertainty in the mortgage industry is one big reason.  Interest rates are still the lowest the have ever been and they may spike after the upcoming election; of course, no one for sure what will happen until after the election.  So with low interest rates along with low house prices combined with low inventory has created a little mini sellers market.  Some of the lower priced homes are now in the middle of a bidding war.  I’ve personally had buyers offer above asking price in hopes of securing a home and even then we were out bid several times before we were successful.

Good news for the Denver Area Real Estate Market!  Call me for more good information on how we can get you the Highest Dollar for your Home as well as help you find your Denver Area Dream Home.  We can also help you with Bank Owned Homes in the Denver Area.

And as usual, think of me when you have a Real Estate need, call, 303.525.7599 or email, roberts@cooldenverhomes.com

Thanks,

Roberts Johnson

www.CoolDenverHomes.com

www.303home.com

www.bankowneddenverhomes.com

www.yourdenverhousevalue.com                 

 

We service metro Denver including, Northwest Denver such as Lohi and northwest Highlands, Denver northeast such as Park Hill, Curtis Park and Stapleton.  Denver Southeast, Lowry, Washington Park, Cherry Creek and Country Club.  Denver Southwest, like Golden Triangle, Barnum and Baker and finally downtown Denver such as Lodo, Downtown Denver and Ball Park.

We also serve all cities around metro Denver.  Here is a list of cities: Arvada, Aurora, Broomfield, Castle Rock, Centennial, Cherry Hills Village, Commerce City, Denver, Edgewater, Englewood, Federal Heights, Glendale, Golden, Greenwood Village, Highlands Ranch, Lakeside, Lakewood, Littleton, Morrison, Northglenn, Parker, Thornton, Westminster, and Wheat Ridge.

Cool Denver Homes Supports Veteran's Passport To Hope

by Roberts Johnson and Rachel Diedrich, Real Estate B

Happy Wednesday morning!

 

Hi, Roberts Johnson, with Cool Denver Homes.

Great weekend, we had a nice cooler temperatures which allowed us to get out and take a nice long walk with the dogs and we didn’t even have to carry them.

Your Denver Home Value

Rachel and I met a bunch of friends at a benefit for our Veterans on Friday night in Cherry Creek.  The group is called Veteran’s Passport To Hope, www.vp2h.org and it was a great event!  It was called Beer and Bluegrass and it was exceptional!  I haven’t heard bluegrass that good in a long time.  Some of the proceeds went to benefit the Veteran’s Passport To Hope event at the Wings Over The Rockies Museum, 7711 E Academy Blvd, #1 Denver, CO, on October 4, 2012, which is an event to help the Wounded Warriors Project and raise awareness of the plight of our Wounded Warriors.  www.vp2h.org

Find Your Denver Dream Home

I think it’s time again to thank our soldier’s for working to keep our way of life the way it is.  They provide an invaluable safety net for us all!  We should really be thanking our wounded soldiers, which is what the Wounded Warriors Project does.  I encourage you to buy tickets today!  They are only $78 a person, $50 of which can used as an IRS income tax deduction.  www.vp2h.org

Bank Owned Homes in Denver

Date:                    October 4, 2012.

Location:              Wings of the Rockies Museum, 7711 E Academy Blvd, #1, Denver, CO

What:                    Veteran’s Passport To Hope

Benefits:              Wounded Warriors Project

Please forward to anyone who might be interested as well.

And as usual, think of me when you have a Real Estate need, call, 303.525.7599 or email, roberts@cooldenverhomes.com

Thanks,

Roberts Johnson

www.CoolDenverHomes.com

www.303home.com

www.bankowneddenverhomes.com

www.yourdenverhousevalue.com                 

We service metro Denver including, Northwest Denver such as Lohi and northwest Highlands, Denver northeast such as Park Hill, Curtis Park and Stapleton.  Denver Southeast, Lowry, Washington Park, Cherry Creek and Country Club.  Denver Southwest, like Golden Triangle, Barnum and Baker and finally downtown Denver such as Lodo, Downtown Denver and Ball Park.

We also serve all cities around metro Denver.  Here is a list of cities: Arvada, Aurora, Broomfield, Castle Rock, Centennial, Cherry Hills Village, Commerce City, Denver, Edgewater, Englewood, Federal Heights, Glendale, Golden, Greenwood Village, Highlands Ranch, Lakeside, Lakewood, Littleton, Morrison, Northglenn, Parker, Thornton, Westminster, and Wheat Ridge.

 

Interest Rates Lowest In History

by Roberts Johnson and Rachel Diedrich, Real Estate B

I just talked about bank owned homes the other day and at the end I said interest rates were low, low, low!  Well last night on the news it mentioned just how low they are right now.  I feel obligated to tell you about it again! 

Interest rates have dropped to the lowest they have been since long term-mortgages began in the 1950’s.  A 30-year fixed rate dropped to an average of 3.62%, mortgage buyer Freddie Mac said on Thursday, July 5, 2012.  A 15-year mortgage, a popular refinancing option, slipped to an average of 2.89%. 

First time home buyers, get off the fence!  Moms and Dads, if you have a kid that is responsible enough for a house, Help Them Get a House.  The reason I say that is to remind you of how high the interest rate was when you guys bought your first house!

Hey, I’m here to help!

Let me know of anything else that important to you, like location, price, # of bedrooms, number of bathrooms, etc.  I will get a search set up and we will arrange a time, through email or phone, to go take a look at a few.

I have lender’s standing by!  Good deals are still out there!

And remember, interest rates are low, low, low!

Now is the time!

www.CoolDenverHomes.com

www.BankOwnedDenverHomes.com

www.303home.com

www.yourdenverhomevalue.com

 

We service metro Denver including, Northwest Denver such as Lohi and northwest Highlands, Denver northeast such as Park Hill, Curtis Park and Stapleton.  Denver Southeast, Lowry, Washington Park, Cherry Creek and Country Club.  Denver Southwest, like Golden Triangle, Barnum and Baker and finally downtown Denver such as Lodo, Downtown Denver and Ball Park.

We also serve all cities around metro Denver.  Here is a list of cities: Arvada, Aurora, Broomfield, Castle Rock, Centennial, Cherry Hills Village, Commerce City, Denver, Edgewater, Englewood, Federal Heights, Glendale, Golden, Greenwood Village, Highlands Ranch, Lakeside, Lakewood, Littleton, Morrison, Northglenn, Parker, Thornton, Westminster, and Wheat Ridge.

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Bank Owned Denver Homes

by Roberts Johnson and Rachel Diedrich, Real Estate B

Since the housing bubble burst there have been a lot more bank owned homes on the market.  This has created a new market for investors.  Currently I’m working with several investors who are buying condos and houses for under $100,000’s, turning them into rentals.  But this has also been a bonus to the homeowners who either want to buy their first home or current owners who want to move up.

If ever there was a call to action now is the time.  There are number of bank owned homes in the Denver metro area.  There are 354 bank owned homes on the market as of July 3, 2012.  Another 71 government owned homes in the Denver metro area.  Bank Owned Denver Homes can help you find that house.  As an off shoot of Cool Denver Homes, we saw the need to provide bank owned homes as they come on the market.

We also ask for the area of Denver, Northwest Denver such as Lohi and northwest Highlands, Denver northeast such as Park Hill, Curtis Park and Stapleton.  Denver Southeast, Lowry, Washington Park, Cherry Creek and Country Club.  Denver Southwest, like Golden Triangle, Barnum and Baker and finally downtown Denver such as Lodo, Downtown Denver and Ball Park.

We also serve all cities around metro Denver.  Here is a list of cities: Arvada, Aurora, Broomfield, Castle Rock, Centennial, Cherry Hills Village, Commerce City, Denver, Edgewater, Englewood, Federal Heights, Glendale, Golden, Greenwood Village, Highlands Ranch, Lakeside, Lakewood, Littleton, Morrison, Northglenn, Parker, Thornton, Westminster, and Wheat Ridge.

Let me know of anything else that important to you, like price, # of bedrooms, number of bathrooms, etc.  I will get a search set up and we will arrange a time, through email or phone, to go take a look at a few.

Even with the market coming back and inventory low, there are still good deals out there, not to mention interest rates are low, low, low!

Now is the time!

www.CoolDenverHomes.com

www.BankOwnedDenverHomes.com

www.303home.com

www.yourdenverhomevalue.com

Boy Howdy What a Great Weekend!

by Roberts Johnson and Rachel Diedrich, Real Estate B

Boy Howdy Father’s Day was hot!  Rachel and I drove down to the Colorado Springs to have lunch and go on a hike in Garden of the Gods with her mom and dad for Father’s Day.  Two things conspired against us.  One, Rachel sprained her foot sometime last week, poor baby.  And two, it was just too hot to walk outside.  We did have a nice lunch and drove through the Garden of the Gods; the temperature gauge put the temperature at 100 Degrees!  We had a terrific time!  Garden of the Gods is beautiful and I can’t wait to go back when the weather is considerably cooler.

Be the 1st to get new listings.

Rachel’s foot was bothering her a little bit during the week but on Saturday morning when we got up her foot was really hurting.  Luckily her doctor’s office was open and we where the 1st ones in.  Doc said it was probably sprained but wanted us to get an X-ray.  Homes by email  Another stroke of luck, the X-ray place was open on Saturday too and we found out to foot was not broken!  Yea!  Bad part was we could not attend Doxypoluza in Jefferson County on Saturday, bummer!   Rachel had her foot iced all day while I attended to her needs!

How much is your home worth?

I had a closing on Friday and got a new client on Friday!  Need to keep up the momentum!  Thanks everyone for your ongoing help!  Would love a new client this week too!

Get your daily bank owned Denver homes

Have a great week!

Cool Denver Homes

Median Household Wealth Takes Big Dip

by Roberts Johnson and Rachel Diedrich, Real Estate B

Daily Real Estate News | Tuesday, June 12, 2012

From 2007 to 2010, American households lost nearly 39 percent of their wealth, reaching 1992 levels (when adjusting for inflation), the Federal Reserve reports.  Homes by email

How much households were affected depended on how they spread out their investments, where they lived, and how much they earned, analysts say.  How much is your home worth?

"Richer people owned more bonds that didn't get killed," Scott Hoyt, an economist at Moody’s Analytics, told USA Today. "For middle-income households, their primary asset is their house, and the government stimulus backstopped incomes at the low end." 

Be the 1st to get new listings.

Americans lost about $7 trillion in home equity during the housing crisis, starting in 2006, the Fed notes.

The overall losses in median households’ wealth wiped out any gains households that had been seen in the late 1990s during the technology and Internet boom and the post-2000 housing boom, the Fed noted in its report.  Get your daily bank owned Denver homes

While incomes started improving somewhat in 2011, economists note that incomes began regressing again this year.

"Incomes went down more during two years of this recovery than during the recession itself," Gordon Green, co-founder of Sentier, told USA Today. "I don't think we've seen anything like this."

Source: “Fed: Recession Kicked Median Household Wealth to 1992 Level,” USA Today (June 11, 2012)

I have more information at Cool Denver Homes.

 

Landlords Cash in on Higher Demand

by Roberts Johnson and Rachel Diedrich, Real Estate B

Landlords Cash in on Higher Demand

Taking advantage of an increase in home owners-turned-tenants, apartment landlords are raising their rents and expect to continue to do so.  Be the 1st to get new listings.

During the first quarter, monthly apartment asking rents increased 2.2 percent year-over-year, reaching an average of $1,070, according to Reis, a property research firm.

Vacancies are at lows and developers are trying to rush projects of multifamily housing to meet the increased demand from renters, but continued constraints on lending has put the brakes on many projects, particularly in smaller markets.  Homes by email

"I'm optimistic about the multifamily sector, certainly for the next two years," Kevin Thorpe, chief economist at Cassidy Turley, a commercial property brokerage, told Investor’s Business Daily. "We've entered a period of sustained rent growth.

The reason behind analysts’ optimism: Young professionals are increasingly turning to renting and more than 3 million former home owners, who have been displaced by foreclosures or short sales, are turning into renters. 

Get your daily bank owned Denver homes.

Demand for single-family home rentals is increasing too, according to CoreLogic. A four-month supply of single-family homes is now available for rent, which is down from five months a year ago, according to CoreLogic data.  How much is your home worth?

Source: “Rents Rise as Apartments See Demand,” Investor’s Business Daily (June 7, 2012)

Brought to you by Cool Denver Homes!

 

Home Buyers Find Market Isn't What They Expected

by Roberts Johnson and Rachel Diedrich, Real Estate B

Home Buyers Find Market Isn't What They Expected

A shortage of “move-in ready” homes and bidding wars over houses in good condition are leaving potential buyers scrambling to find a home to buy, according to media reports.  Be the 1st to get new listings.

Housing inventories have sunk nationwide, leaving home shoppers with fewer options. Bidding wars are back, and in some markets the shortage is prompting buyers to try to bid on homes even before they are listed, reports The Los Angeles Times.  How much is your home worth?

In April, the number of for-sale homes was 2.5 million, which marks the lowest number for an April since 2006, according to National Association of REALTORS®’ housing data.

“The sharp drop in inventory along with rock-bottom interest rates have helped stabilize even some of the hardest-hit markets, including the Southland, Las Vegas, Phoenix and Miami,” The Los Angeles Times reports. “Some real estate professionals are concerned that the lack of inventory might turn off potential buyers, stifling the recent recovery in home sales.”  Homes by email, be the 1st to see new listings as they hit the market.

While buyers are suddenly feeling a sense of urgency, sellers are feeling they can wait, says Glenn Kelman, chief executive of Redfin. 

Meanwhile, investors are snatching up bank-owned properties at bargains, new construction remains at historic lows, and home owners are taking a “wait-and-see-approach” before they list their homes. That’s left many buyers scrambling to find a property.  Get your daily bank owned Denver homes.

Some home owners are hesitant to sell, held back by negative equity and waiting for more of a bounce-back in home prices before they list.

"With the downturn, it seems like there are a lot of people who have been waiting in the wings to pounce, and because the rates are low, there is just a lot more competition," says one LA-area home shopper, Eddie David, who says he and his wife have been outbid on three different properties recently. "We tried to get in on a couple other homes, and even though it had been just a week or two weeks, it was just too late."

Source: “Shortage of Homes for Sale Creates Fierce Competition,” The Los Angeles Times (June 10, 2012)

I have more information at Cool Denver Homes.

 

Signs of Sustained Recover Abound

by Roberts Johnson and Rachel Diedrich, Real Estate B

Signs of Sustained Recovery Abound

The various small businesses that drive the country's housing market are reporting signs that the industry may be making a real and sustained comeback.

At the start of this year's spring selling season, home builders and real estate professionals alike expressed optimism about the growing number of prospective buyers showing up at open houses and inquiring about current house listings. It now appears that interest has translated into sales in many markets.

Mark Prather, whose real estate agency, ERA Buy America Real Estate Services is on the border of Los Angeles and Orange counties, states, "We had a terrific March, better April, and May is going to be the best closing month since 2006."

Other success stories are being reported across the nation, as business is being driven by pent-up demand. Many people had put off buying a home since prior to the recession, and prices are lower after plummeting during the housing crisis. In addition, rising rents are making buying more attractive, and mortgage rates are at record lows. The National Association of Realtors states that more than 1.3 million previously occupied homes were sold from January through April—a 7 percent increase from more than 1.2 million a year ago.

Source: "Housing Market is Perking Up,"Buffalo News/Associated Press (06/11/12)

I have more information at Cool Denver Homes

 

Record Low Rates Inaccessible to Many

by Roberts Johnson and Rachel Diedrich, Real Estate B

Record Low Rates Inaccessible to Many

Fixed-rate mortgages have been at all-time lows for nearly six weeks, increasing home buyers’ purchasing power and helping to trim home owners monthly mortgage payments—at least for those who qualify.

An increasing number of home buyers and refinancers say they are shut out of the cheaper borrowing conditions due to banks’ tightened lending standards, according to new data released last week by the Federal Reserve.

One Washington home owner with a top-notch credit score says he has been trying to refinance his mortgage but has been told “no” by banks because his mortgage is underwater. He told The New York Times that interest rates will at some point rise again, “and I should have been able to get those low rates. It’s not fair.”

“While low rates are supposed to encourage Americans to take more risks, ordinary Americans have been unwilling or unable to take advantage of them,” The New York Times notes in a recent article.

“There’s definitely winners and losers in this kind of extremely low interest rate environment,” Ed Yardeni, president of Yardeni Research, told The New York Times. “In this case, any borrower that has access to the capital markets and doesn’t have to fill out a loan application at a bank is definitely going to have a tremendous advantage.”

Many policy makers say a housing recovery will be put on hold until banks start lending more.

“The real problem is that relatively few borrowers meet the tougher standards of today even if they could benefit from refinancing, and that is the frustration,” Guy Cecala, publisher of Inside Mortgage Finance, told The New York Times. Cecala says that in 2003 there was nearly $4 trillion in mortgage originations (which includes home purchases and refinancing activity). However, in 2011, despite the lower mortgage rates, total originations were $1.4 trillion.

Source: “In Era of Cheap Money, Consumers Are Shut Out,” The New York Times (June 8, 2012)

I have more information at Cool Denver Homes

 

Displaying blog entries 1-10 of 42

Contact Information

Photo of Roberts (Bobby) Johnson Real Estate
Roberts (Bobby) Johnson
Cool Denver Homes, Inc.
2314 Curtis Street
Denver CO 80205
Roberts Cell: (303) 525-7599
Fax: (303)9635335

Providing Real Estate Solutions Every Day!