Landlords dominating our housing market in the current climate.
As rising home prices, slow new home construction, and demographic shifts push homeownership rates to 50-year lows, the U.S. is increasingly a country of renters — and landlords.
Last year, 37 percent of homes sold were acquired by buyers who didn’t live in them, according to tax-assessment data compiled in a new report published by Attom Data Solutions and ClearCapital.com Inc.
That number may include second homes, or properties acquired by investors who seek to fix up old homes and resell them at a profit. But it’s also a strong indication that landlords are playing a larger role...
Source: Denver Post - Real Estate
Feb 15, 2017Market Trend
2017-02-15 02:56:47 | Public
2016 Profile of Home Buyers and Sellers
Characteristics of Home Buyers
• First-time buyers made up 35 percent of all home buyers, an increase over last year’s near all-time low of 32 percent.
• The typical buyer was 44 years old again for the third straight year in a row, and the median household income for 2015 rose again this year to $88,500.
• Sixty-six percent of recent buyers were married couples, 17 percent were single females, seven percent were single males, and eight percent were unmarried couples.
• Eleven percent of home buyers purchased a multigenerational home, to take care of aging parents, for cost sav...
Source: National Association of Realtors
Feb 8, 2017Real Estate
2017-02-08 02:38:34 | Public
The Reticular Activator and You.
The reticular activator is a part of the brain the stays on alert. It's job is to make you notice some things and ignore other things (if you noticed everything, you'd be too distracted to function). When you buy a new VW, it seems like the whole world has bought VWs, because you notice them everywhere. That's the reticular activator at work.
Motivational speakers, business consultants, and authors of "success books" always stress the importance of having a clear goal. One of the reasons goals are so important is because they activate your reticular activator.
If you have the goal of wri...
Rental prices have dropped, but what does that mean...
Although rental prices have dropped for the first time in three years this doesn't necessarily translate to a weakening of the housing market. The main factors contributing to this be explained as a looming over supply of rental inventory, particularly downtown, as well as decreased rate of people moving to Colorado from out of state indicated by tax returns filed for the previous year. As rental prices stabilize downtown those who have lived here for a year or more will be look to migrate toward more affordable up and coming suburbs and invest in their own piece of Colorado equity.
Today Douglas Hauck is quarterbacking our Wednesday morning learning seminar on how to get the best our of our Homendo platform enabling us to provide a higher level of service to our clients.
At Remax Masters Millennium we strive to be at the forefront of integrating technology into the way we serve our clients. We are committed to maintaining the standards of excellence here at Masters Millennium that has seen us as the number 1 Remax office in the country in terms of production last 3 years in a row....
Source: Remax Masters Millennium
Dec 8, 2016Market Trend
2016-12-08 11:26:39 | Public
Colorado see's more migration than any other state.
Moving vans and cars with license plates from other states are everywhere, and that isn’t a fluke. Colorado is full of people on the move into, out of and within our fine state. More than one in 10 Colorado households that filed a tax return in 2015 lived in another county or state the year before. That’s more than in any other state. Nationally, 6.1 percent of 2015 tax returns listed an address in a different county or state the year before, according to tax return data from the Internal Revenue Service.
If Colorado is a migration destination, then Denver serves as its Ellis Island lik...
Source: http://dpo.st/2hpcf6u, http://read.bi/2hprCf6 READ MORE
Nov 23, 2016Market Trend
2016-11-23 11:32:47 | Public
How to use the TOD strategic plan
Denver’s TOD Strategic Plan provides a foundation to guide public and private investment at rail stations. Residents, business owners, builders, and public employees can use this strategic framework to eliminate or reduce barriers to TOD, create realistic financing plans, and direct growth and investment to rail stations with the best opportunity for development in the next 5 to 6 years and continuing into the future....
Nov 23, 2016About Me
2016-11-23 01:22:54 | Public
Transit Orientated Denver + You
Understanding how you fit into Denvers Transit Orientated development plans is critical in getting the most out of what the future holds in the next 6 years and going forward. Whether you are a private citizen, business owner, developer or public employee a deeper understanding of what plans the city has in store and how they affect you will afford educated and thoughtful decisions going forward....