17 Burst results for "Denver Metro Association"

"denver metro association" Discussed on KOA 850 AM

KOA 850 AM

04:03 min | 1 year ago

"denver metro association" Discussed on KOA 850 AM

"On Twitter. He was infected with the Corona virus. President Trump staging a dramatic return to the White House. Here's a bee sees Elizabeth Scholesy President Trump departed Walter Reed Medical Center. Within minutes of arriving back, taking off his mask on the White House balcony, the president saying, Don't let it dominate. Don't let it take over your lives. Those words unlikely to resonate with the families of the more than 210,000 Americans who have died from the disease. Joe Biden, making that point appearing on NBC for a town hall event. No one walks away with the message thinking that it is not a problem. ABC news chief White House correspondent Jonathan Karl with more on the political messaging that went into the president's statement. He knows that his presidency I mean he sees his presidency is largely one of image and the image that he wants to project at all times is an image of strength, infallibility and strength. And being at the hospital is not consistent with that. In his mind, the vice presidential debates still set for tomorrow night with even more precautions in place, including a Plexi glass around each candidate. ABC News chief Congressional correspondent Mary Bruce, however, says not everyone agrees with that We are still seeing this kind of remarkable tone coming from the White House. The vice president's spokesperson, Katie Miller couldn't mocking the Biden teem Mock and Kamala Harris for wanting more safety precautions, suggesting that the common Here's wants a fortress around her by requesting that they have these Plexi glass barriers. Pretty remarkable, especially you consider that Katie Miller herself had Cove it earlier this spring, another Gulf Coast. Hurricane Delta, headed toward Mexico's Yucatan Peninsula could hit New Orleans by Friday. Mass protests in Kazakhstan as the result of the weekend parliamentary elections that are declared invalid. Opposition supporters have seized government buildings in the capital city and demanded new elections. You're listening to ABC News Hey away NewsRadio. Time is for O to a lawsuit filed Monday claims Denver's homeless sweeps are unconstitutional. Lawsuit also claims Denver has destroyed personal property and contends the sweets run contrary to covert recommendations made by the CDC. This homeless man has been swept from camps a few times I lost everything my wife and I had to start over several times really hard. Another man says Sweeps don't solve the problem like we end up moving over like a block over, like, two way have artists here now and now they're giving us another warning. Unless that we got to move again. The group homeless out loud, says a camp at 14th and Logan is due to be cleared out starting today. Despite the Koven 19 pandemic home sales in the Denver Metro area remain red Hot considered this report from the Denver Metro Association of Realtors in September records for the month we're set for most homes put under contract, most home sold and the shortest time for Holmes to be on the market. The September story does not end their inventory was at its lowest while the median price paid was at its highest. The median price $510,000 home sales being boosted by low mortgage rates. The Mullen fire in Wyoming in northern Colorado has grown to more than 151,000 acres. Incident Commander Michael Hayden doing the fuel loads in this area. It's been very challenging. Or we could really use some rain and moisture right now. So that's one thing. We're very hopeful. We're watching the weather. Very close. The Mullen fire now 14% contained A wrong way. Driver was killed Monday and I to 25 year I left at about 6 15 Monday morning, The driver entered the interstate going south bound on the north bound lanes. The driver of the Dodge Charger sites wife to pick up and then hit a Mazda head on the driver of the Mazda has life threatening injuries. Aurora police would like to hear from witnesses are from anyone with dash cam video. I'm Chad Power on Koray News Radio 8:50 A.m. and 94 1 FM. The worst thing about electrical problems is finding the problem. Some people simply ignore their electrical system. They're afraid of the cost. But now take.

White House president Denver President Trump Jonathan Karl ABC News Joe Biden chief White House corresponden Katie Miller Twitter vice president Walter Reed Medical Center Elizabeth Scholesy Denver Metro Association of Re Chad Power Kazakhstan Aurora Gulf Coast NBC Mary Bruce
"denver metro association" Discussed on TalkRadio 630 KHOW

TalkRadio 630 KHOW

08:33 min | 1 year ago

"denver metro association" Discussed on TalkRadio 630 KHOW

"It an edge with stores 10 miles or less from 90% of Americans, and we see Sam Brock reporting modest improvement, modest optimism that sums up the feeling about the economy and the Federal Reserve's periodic beige book survey of its business contacts. Things are getting a little better, but uncertainty rules and consumers air getting ready for outdoor fun this coming winter to according to L. L being CEO Stephen Smith consumers they're stocking up on flannel fleet. Martino, your trouble shooter, 33713 talked 3713255. If anyone knows about master requirements, let me know we get somebody at the state level. It would be best. If I don't see why they wouldn't come on. They would love to clarify masks itself. I even read one and I don't know this is outdated, but it was on the state website covert 19 dot Colorado dot gov. And it was talking about when you exercise. You don't need one. If you're away from people, so I'd like to know about that. Let's talk Bill. What's on your mind? I hope we have gotten you offer that Bluetooth thing or whatever it sometimes causes feedback. Bill. What's going on? I can hear you Good. Great I have. Ah, some rental properties said I'm thinking about liquidating and trying to get into a turtle that court for please like a little plaza. Our mobile. And I wanted to find out What would be the best now, Bill I need to. I need to understand you. Though. You're saying that you want to liquidate some of the rentals you have. Are they commercial rentals right now or are they residential rentals? Residential. Okay, So you own some houses or condos. What do you own? Duplexes. Okay, and you're looking to get commercial property. That you can lease out triple Net, in other words, like a store, a strip plaza or something. That's what you're looking to buy. Correct. Yeah, but okay, something that have tenants maybe have one or two tenants already established. Okay. Okay. Listen, um, e. I used to own a lot of that stuff. Uh, not the residential part. But the commercial stuff with triple that tenants. Here's what I would do if I were you. You can now 10 31. Like for like, and they're very liberal on what they call like for, like. So you're rentals can be going into other rentals. Even though they're not residential rentals their commercial. Ah, you definitely want to do a 10 31. Otherwise you're going to be hit with capital gains on your rentals. You understand that, right? So were you planning on doing a 10 31? I wass? Yeah. Good, Good, good and you're wondering, and you're wondering if you should use a broker right now. Using a broker, in my opinion is He's very important. But do you need the broker to find the property or to negotiate the deal? Because if you already found one, then you get one to negotiate the deal that could be done at less commission. Then if they do the whole shooting match If you hire someone from the beginning, and you say, go out and find me one Negotiate the deal and help me close it. Well, then you're looking at Ah, fully earned commission If you already have the place and roughly you have the deal made, or you have an idea of what you want. Then you get a real estate broker just to help you through the transaction and that could be done. Less than full commission. But so so, do you have a property identified or do you need a broker to help you every step of the way? I haven't been assigned any properties properties on move that that some of those air lost Peter's. Yeah, they are. That's right. So let me talk to Frank Tour and the real estate man. He does primarily Uh, residential. In fact, Frank, I don't even know if you do commercial at all. I've never actually asked you that. Do you do commercial stuff? Frank? Tom, I do not. I have a great referral. I've known for many, many years that we've referred many of our commercial clients out and then they've always done a good job and how good like you do. Well, I think they do a great job. Okay, but I really do. I mean, I have to go by what the clients pay it back to me. And I've always had good reports back, Okay? And then also Frank on the 10 31. Obviously, you know, there are plenty of good 10 31 exchange places in town. Has your commercial guy dealt with 10 31 people? The after years he has Okay. Good. Good. Good. Good Now, Bill. What specific questions Did you have? Well, it Just finding a good brokerage firms that has has problems. These properties seemed like I know. Some of them have some of the inventory, summer view of construction and summer existing She is fine. Ah, reliable firm. Yeah. To be able to deal. You know, clothes. I want to put it this way. I want to put it this way. If Frank Duran the real estate man dot com If if this man tells me he's got someone he's known for years, and he has referred people than in my opinion there going to be golden. Okay now, uh, that that's going to be your first and we'll do that off the air. The other thing I want to know. Ah, other than finding a broker. Ah, you have to really look into this commercial thing. This is off the topic, but right now commercial real estate. Is not a hot commodity. You know why? Because people are Shetty space all over the place. You got to be really careful that you get a place that you get, you know, a place that's going tohave up incoming businesses. Right now. A lot of people are doing things in smaller spaces. And some are doing things remotely, Frank. Don't you find the commercial market has diminished quite a bit as faras value. You know, Tom, I haven't really been involved much in the commercial real estate side of this, So it's really hard for me to give an answer like that. I know. Okay, residential side. We're seeing the opposite. We're seeing records right left. Yeah, And that's still befuddles me because of the long term effect of this pandemic obviously hasn't found it way its way to the real estate market. What man People are living in. A lot of people are not affected by it right now, but they're going to be. I mean, there's no way we can go on with these extended shutdowns and not be affected. Go ahead, according to Denver Metro Association of Realtors August of this year. Saw the most home sales of any month on record for any August. In fact, we had 40% fewer homes on the market. And boy Tom did single family home now reached a new record is now 6063. 30, according to Demark, is that the average her media that was the average that was by God. Okay, So, Frank, I want to try to get this commercial guy on the air. Talk to him if you can give it to Daphne off the air and Frank while I have you on the air. Why is real estate going crazy? If a lot of people are out of work, and a lot of people have fear and the elections are coming. What is your What is your gut feeling on it? I mean to me. This is a very unsettled time, but it doesn't seem to be for the stock market. Most of the time. I know today it's down a little, but Most of the time the stock market is rebounding and and real estate is doing well. What is your gut out that people hiring a time like plumb line? And all these other companies that are hiring? What did we hear? Yesterday? I forget what company but we're ideal home action ideal home loans. You know, Tom, It's like that old saying Perception is reality. And here's what I'm saying. The people that are actually in the market buying..

Frank Tom Federal Reserve Colorado Martino Sam Brock Frank Tour Frank Duran CEO L. L Stephen Smith Peter Shetty
"denver metro association" Discussed on Denver Real Estate Investing Podcast

Denver Real Estate Investing Podcast

07:05 min | 1 year ago

"denver metro association" Discussed on Denver Real Estate Investing Podcast

"And welcome back to the podcast episode. So today's episode is going to be talking about the July stats. So we're recording recorded in late August cover the stats for July to incur the stats also got some longer term stats on just some covert stuff actually the run through a deal analysis on property I'm buying now and actually also talk about should you wait to prices a drop if you expect them to and how much the difference that may or may not make in your cash flow? So Moco Hostess Press Newbury Preston Glad to have in the studio. Thanks Chris. It's going to be back on and get other podcast on the books with you. I know we did a lot during covert. Yeah. Got Busy again, and then we got busy. and. Now to back in the podcast hey, at least I'm still around exactly. All right. So we're just give you a couple stats on the podcast here from a high level, not much change. We're still low inventory, but when you need some context with this as well. So, we'll give you some numbers and context we're seeing on the transaction side as well. So Preston you. Now, we're talking about this before we hit record and I've got the data snapshot pulled up from the monthly report, and this is in the show notes that you guys if you guys want if you click on the links but what's not you the most out of these stats? Yes. There's a lot of really interesting stuff here Chris and we're looking at the Denver Metro Association of Realtors mostly Comparison and market stats here in one of the big things that jumped out to me is our active listings this year compared to a year ago were still down thirty, one percent which is pretty incredible to me. Obviously, we lost a lot of listings and sellers Kinda got skittish. You know with the the covid situation without we would see a lot more of those come back on the market but we're still seeing really really low inventory I mean as of the July sixty, four, hundred active listings Ninety three hundred. So that just gives you an idea of how low the inventory is right now and how incredibly competitive it is for our buyers and I think that because I mean a year ago, we were like ninety, four hundred and then we're at spacey sixty, five, hundred this July against two things because last year when we start seeing that inventory build, Yep was kinda highest we'd seen for a number a number of years. And then this year I heard some speculation. Listings I got taken off the market during the. March April timeframe. Didn't come back on because if you're if you're a seller you'll have to sell. Your. High Risk Your your kid has asthma or your dad or grandma Elizabeth you higher risk like you don't. You don't want people in your house at all and I think you know obviously as things have moved through this kind of covid time period, a lot of people's lives changed well. So maybe their initial reasons or motivations for wanting to sell have changed you know obviously the school situation is a little bit different if they've got kids and our we still home. So you know I think there's a lot of different factors that come into play there but are still really interesting to just kind of look at that from a numbers perspective. And then I mean so for high level, just very much an extreme seller's market as well. So not much has changed their An interesting thing here is there's been a huge jump in the average price a year ago to this month like the average sales price sold in. Denver was at five forty. And now a year ago is that four, ninety five. So that's a forty, five grand jump. Now, the medium price, the average we take all the numbers divided and you get the average median is the middle the medium price for July twenty twenty was four, sixty a year ago was four thirty sir, definitely seeing some price trump's there. But the reason the average has jumped up so much is just s law do with the way the the stats are are measured. So there's been. A lot of the couple of things going on one of the jumbo loans are back. Help that higher market move. And you know the balloons or anything above that five, seventy five informing balanced here in. DENVER. Correct and so if you guys remember. The jumble low market really froze for tier three months. Yeah. It was a good sixty days at least that it was just basically nonexistent for a couple of smaller banks that we're still doing some things but Yeah. The secondary market basically just said, we're not doing anything jumbo loans. Yes. So we started seeing the gym loans come back. So that pent-up demand for few months. Obviously built up that came back interest rates dropped as well. So that made a better bet for the jumbo loan. So even though you're seeing, you know huge average increase it doesn't mean that everyone's prices went up. You know nine ten eleven percent from year. It's just the way that the stats were kind of measured this year. So thousand interesting thing that jumped out to me. Yeah, and I'm glad you touched on that Chris and I think the other part of that too is the fact that interest rates are so low right now that it's really increased a lot of people's buying power right? So and that's something we'll touch on a little bit later. Here's kind of go through some deal analysis stuff but you know with rates being as low as they are you know all the sudden you know half a percent or even a percent from where people were looking at before you know we're hovering. In the mid twos right now that you know increases your buying power a ton. So it took buyers from a pool of maybe you know that four, hundred, four, hundred, fifty, thousand, dollar mark, and now they're able to buy those you know five hundred plus or six hundred, thousand dollar houses with the same payment so that you know as a big portion of why we're seeing this, you know headline of you know how much the prices are jumping. But when you really dig into the numbers, there's some logic behind it now so. I talked about this but press them. What's your guest? Do you think we'll see a price drop here in Denver and the next you know here to twenty twenty, one based on all the information and a lot of it. We're going to go through today I. Don't see any indicators that show me that there's going to be any kind of a price drop I. think there's so many things going on here especially in Colorado just star market in general that you know I think for the next decade if not longer we're going to see low inventory and that's always going to drive prices up. and. So this other quick high level stats. Yonder contracts are up closed up from year-ago sales volumes up just a lot of stuff is just up other than inventory So everything else is just going out which goes on, you're saying basic supplying the man we have lots of demand and just not enough supply, and so something I want to spend some time to talk about because I we've had quite a few conversations like this where some people are speculating the prices may drop. Again. We have a crystal ball, but I will bet they went out there a pitcher of beer a cup of coffee that I do not think prices will drop. This year next year. But here's the thing after taking a context you mentioned this now stipend into precedents the lower interest rates interest rates have dropped a lot since right before cova to a year ago because rates are going a little bit a year year and a half ago then they just started coming back down and they just went off a cliff in. Like late March I, think. So something that I was You know it's always a good thing consider if someone's always for prices to drop great if prices do drop what's the interest rate doing 'cause if you're buying a house now at you know five hundred, thousand dollars but you're in straight-sets three percent owner occupant rate even lower..

Denver Chris Denver Metro Association of Re Preston Colorado asthma grandma Elizabeth twenty twenty cova
"denver metro association" Discussed on KOA 850 AM

KOA 850 AM

02:25 min | 1 year ago

"denver metro association" Discussed on KOA 850 AM

"You know when you're doing it, right. You know, we said years ago we're down to key West. I remember we were talking. We have it off. They were doing some riders around stuff. He said, You know, hopefully one day we won't be able to walk around. You know, pretty much anywhere and that that means you're doing something right. So thank God for blessing us. And in our fans, man, it can't talk enough about him. Keep listening to I heart radio for more Florida Georgia line and all your favorite artists. Hettleman financial engines, helping out with business and money news and pat Pandemic or not. Denver's real estate market remains hot. It seems counterintuitive. Doesn't it was so many people out of work? There have been some predictions that home sales and old prices would both take a tumble. But the Denver Metro Association of Realtors says that pending home sales in June were up 27% from last year. And the pandemic could actually be one factor that's turning renters in the buyers. They want more privacy. They they know that they might be, um, stuck in their homes and so they they want there's faith. Real estate broker Rhonda Courtney tells Fox, 31 that her team is working on double the amount of closings in August compared to August of last year. One of the country's top financial official says he's got just the prescription for the economic ills of the Corona virus. Neel Kashkari is president and CEO of the Federal Reserve Bank of Minneapolis. He says there's really one way to get the virus under control and the economy back on track. If we were to lock down hard for a month or six weeks, we could get the case can't down so that our testing our contact tracing was actually enough? To control it. Kashkari lays alti alternative on CBS's face the Nation. We're going to see many, many more business bankruptcies, small businesses, big businesses, and that's going to take a lot of time to recover from To rebuild those businesses and then to bring workers back in and re engage them in the workforce. Meanwhile, Democrats in the House and Senate and Trump Administration officials talk again today about a new covert 19 relief package. Republicans proposal one week extension of the federal $600 a week supplemental payment. Democrats say that extension has to be long term right now. On Wall Street. The Dow is up 225 points and NASDAQ is up 125 in the S and P is up 22. Get stuck at home needs something to occupy their time. So look who's coming to the rescue by Mattel did better in the second quarter.

Neel Kashkari Denver Metro Association of Re Mattel president and CEO Fox Denver Federal Reserve Bank Rhonda Courtney CBS Minneapolis Florida official Georgia Trump Administration Senate
"denver metro association" Discussed on KOA 850 AM

KOA 850 AM

02:09 min | 1 year ago

"denver metro association" Discussed on KOA 850 AM

"If only everyone was always there for you like your mom when you fill out really, really important paperwork on the first day of a new job name. A birthday. Sexual security's Nothing hate Mom. What is my Social security number? Mom? Um, quickly. 0017 German. I hashtag always there for you with savings and 24 7 access delay Synced agents, 6 12 business and money news. We're checking in with that one of the country's top financial official says he's got just the prescription for the economic ills of Corona virus. Neel Kashkari is president and CEO of the Federal Reserve Bank of Minneapolis. He says there is one way to get the virus under control and thus get the economy back on track. If we were to lock down hard for a month or six weeks, we could get the case can't down so that our testing our contact tracing was actually enough to control it. Kashkari lays out the alternative on CBS's face the Nation and it's not pretty. We're going to see many, many more business bankruptcies. Small businesses, big businesses, and that's going to take a lot of time to recover from to rebuild those businesses and then bring workers back in and re engage them in the workforce in while Democratic leaders and Trump Administration officials talk again today about a new covert 19 relief package, Republicans propose a one week extension of the federal $600 a week supplemental payment on top of state benefits. Then they want that bonus payment to go down to $200 a week. The supplement ran out on Friday. Democrats say an extension has to be long term pandemic are not Denver's riel estate markets is still hot, according to the Denver Metro Association of Realtors, pending home sales in junior, up 27% over last year. They want more privacy. They They know that they might be, um, stuck in their homes. And so they want there's phase. State broker Rhonda Courtney tells Fox, 31 or team is working on double the amount of closings in August of this year compared to last year on Wall Street stock futures point to gains When we hear today's opening bell at 7 30 kids stuck at home need somethingto occupy their time. So guess who's coming to the rescue?.

Neel Kashkari Denver Metro Association of Re Federal Reserve Bank president and CEO Rhonda Courtney Trump Administration CBS Denver Minneapolis official Fox
"denver metro association" Discussed on KOA 850 AM

KOA 850 AM

03:01 min | 1 year ago

"denver metro association" Discussed on KOA 850 AM

"In person Learning. Despite the pandemic Centers for Disease Control and Prevention looked at a summer program that is painting a troubling picture. There's a camp in Georgia that CDC looked into they were taking steps to try to mitigate the spread of this virus, For example, they were requiring people to show up with test results that proved that they were negative. For they arrived. There were about almost 600 residents who attended the camp, 344 were tested, 260 were tested positive. This is kind of the nightmare scenario that most schools have A B C's and Flaherty the slow grinding negotiations on the next round of pandemic relief for set the resume on Monday. The now expired $600 extra. A week in unemployment benefits is a big sticking point, House Speaker Nancy Pelosi We have been for the six $100. They have a $200 proposal, which does not meet the needs of America's working families. Treasury Secretary Steve Mnuchin says the extra 600 a week is discouraging unemployed Americans from looking for work. We proposed a one week extension at $600. So that while we negotiate a longer term solution, at least all those people don't lose their money. And and I'm surprised that the Democrats won't agree to that Democrats viewed the one week extension is a ploy on the road to the White House. The president made a telephone address to supporters in Pennsylvania attacking Joe Biden and the Democrats said, Obliterate the Pennsylvania where energy industry Destroy Pennsylvania's economy, endanger Pennsylvania's families and demolished the American way of life as we all know it, appearing on Meet the press on NBC, California Congressman Karen Bassett possible. Biden running mate defended her past travel to Cuba and sympathetic comments made after Castro's death. You're listening to ABC News away. NewsRadio. Time is 12. 02 Even in the midst of a pandemic. Denver's real estate market is hot. According to the Denver Metro Association of Realtors. The number of pending home sales in June was up 27% from last year. They want more privacy. They they know that they might be. I'm stuck in their homes and so they want there's phase. Realestate broker Rhonda Courtney tells Fox, 31. Her team is working on double The amount of closings in August compared TTO last August. The Rockies are in first place in the National League West, beating the Padres 9 to 6. Sunday afternoon. Closer way Davis was placed on the injured list with a right shoulder strain. And Highroad Diaz got the safe Sunday manager but black we feel good about Hi, ro in the ninth inning. Hey, got that you got to save today. You know, he got five say force last year, you know. Last April, he closed out games in Albuquerque at a at a really nice start to a season in Triple A before he came to us and And finished off the last five months with us in outstanding fashion. Black says he feels comfortable with Carlos Estevez pitching in that spot as well. After winning two out of three from the Padres,.

Padres Black Pennsylvania CDC Joe Biden Denver Metro Association of Re Nancy Pelosi Georgia White House Flaherty ABC News Cuba America Carlos Estevez Highroad Diaz Steve Mnuchin Rockies Denver
"denver metro association" Discussed on KOA 850 AM

KOA 850 AM

01:40 min | 1 year ago

"denver metro association" Discussed on KOA 850 AM

"Safely from the international space Station. ABC is job. Anita's at 2 40 The astronauts signal there, Okay. Never had you down for minutes later. Those chutes deploy Dragon ultimately slowing down to just 15 miles per hour splashing down in the Gulf of Mexico. Welcome back to Planet Earth. Thanks for flying Space six. The Dragon Avoiding tropical storm is a yes in the Atlantic. You're listening. To ABC News away. NewsRadio Time is 902 Even in the midst of a pandemic, Denver's real estate market is hot. According to the Denver Metro Association of Realtors. The number of pending home sales in June was up 27% from last year. They want more privacy. They they know that they might be. On stuck in their homes, and so they want there's faith. Real estate broker Rhonda Courtney tells Fox, 31. Her team is working on double The amount of closings in August, compared TTO last August. Iraqis are in first place in the National League West, beating the Padres 9 to 6. This afternoon. Closer way Davis was placed on the injured list with a right shoulder stream and higher. Oh, Diaz got the safe today, manager but black we feel good about Hi, Ro in the ninth inning. Hey, got that You got to save today. You know, he got five sales force last year, you know, last April, hey, closed out games in Albuquerque at a at a really nice start to a season in Triple A before he came to us and And finished off the last five months with us in outstanding fashion. Black says he feels comfortable with Carlos Estevez pitching in that spot as well. After winning two out of three from the Padres Iraqi So's the Giants.

Padres Black ABC international space Station Denver Metro Association of Re ABC News Anita Atlantic Mexico Giants Carlos Estevez Denver National League West Diaz Rhonda Courtney Albuquerque Davis Fox
"denver metro association" Discussed on KOA 850 AM

KOA 850 AM

01:39 min | 1 year ago

"denver metro association" Discussed on KOA 850 AM

"We're talking about Denver's housing market has recovered from coveted it might be too soon to say were killed word but the prognosis is encouraging new home listings went up fifty six percent last month compared to April in Denver's eleven county region we are still sixteen percent from may of twenty nineteen down from there but the Denver metro association of realtors says that it's seeing homes that were pulled off the market in April go back on the market in may pending sales of homes in metro Denver shot up by nearly a hundred fifteen percent from April to may the job coincides with the safer at home orders that allow realtors to once again bring prospective buyers into homes the news is not so good for the opal opens down at the chocolate factory the Russell Stover planted Montrose that was scheduled to close next March will now shut down in August instead the closure will put more than two hundred people out of work those folks have a lot of company today one point nine million people applied for jobless benefits last week fewer than in prior weeks but still this Donna Xing we high is the pandemic's grip on the U. S. economy refuses to loosen despite re openings in every state the number of weekly jobless claims fell below two million for the first time since March assigned the worst may be over for the labor market but also a signal employers aren't sure how quickly business will bounce back as ABC's Erica Turkey tomorrow we get the government's employment report for the month of may right now on Wall Street the Dow is down about twenty five points the nasdaq is up five the S. and P. is down to so the minor league ballpark in Colorado springs is hosting drive in movie nights to take up some of the slack from baseball games not happening in the big leagues though they have to think a little.

Denver Russell Stover Montrose Donna Xing ABC Erica Turkey Colorado springs Denver metro association of re baseball
"denver metro association" Discussed on KOA 850 AM

KOA 850 AM

01:34 min | 1 year ago

"denver metro association" Discussed on KOA 850 AM

"Here locally recovered you think from the pandemic it may be too soon to say were cured but the prognosis seems to be pretty encouraging new home listings went up fifty six percent at metro Denver last month compared to April in Denver's eleven county region we are still sixteen percent off may of twenty nineteen however the Denver metro association of realtors says it's seeing homes that were pulled off the listings in April go back on in may pending sales of homes in metro Denver shot up by nearly one hundred fifteen percent from April to may this jungle inside with the safer at home borders that allow realtors to once again bring prospective buyers into homes to show them the news is not so good for the opal opens out of the chocolate factory the Russell Stover plant in Montrose that was scheduled to close next March will close down in August instead pushed over the edge by corona virus company does have a chocolate making operation and a retail store the closure will put more than two hundred people out of work the weekly report on first time unemployment claims is due this morning analysts forecast about one point eight million initial claims that would be the first time in two months the claims have been below two million stock futures point to flight numbers at today's opening bell on Wall Street investors about in a buying mood lately picking up bargains on stocks have been beaten down since the coronavirus shut downs got going so the minor league ballpark in Colorado springs is hosting drive in movie nights to take up some of the slack from baseball games not happening during Colbert nineteen in the big leagues they have to think a little.

Denver Montrose Colorado springs Colbert Denver metro association of re Russell Stover baseball
"denver metro association" Discussed on Denver Real Estate Investing Podcast

Denver Real Estate Investing Podcast

10:42 min | 1 year ago

"denver metro association" Discussed on Denver Real Estate Investing Podcast

"So let's say Denver cells less of those properties this year so goes from five thousand to four thousand home salts. That's a twenty percent reduction in sales volume so even though those prices went up but we sold about one thousand less properties that average sales volume is three point. Six seven million dollars or so so what that does then is it. Takes the average price of the twenty twenty homes down the five twenty one and we set on the previous slide. That in Twenty Nineteen. The average price was five thirty three. So this is we have to stop and think about for a second. It's a little bit confusing. Because even though both of those home prices increased the first time homebuyer and luxury homes increased but since fewer the luxury homes were sold. It actually really drags down the average price so the point of all this is to take away that you probably will see some headlines. You Know Denver Post and other art of papers and websites out there that the average home price in Denver is falling and the average home price. Very well may be falling because if you don't allow the stuff in the upper in the market that's GonNa really have a drag and pushed down the average price but does that mean that prices aren't appropriate or not appreciating not necessarily and this reaction. You have to dig in the data to see what these different price bands are doing as far as like first time home buyers trade buyers luxury buyers I forget all the exact names of them since we mostly work in the first time home buyer entry level stuff. But there's different price Spanish at home. So that's we have to look at. Hey what's the average on these homes and then what's the sales compared from this year to last year because that's going to affect the average like I said since I know investors who are investing in luxury homes for rental properties. That probably shouldn't concern us. But when you do if you do see headlines or articles about the average home price dropping digging some more. Obviously we'll be talking about this every week and every month for the next while. Astle will keep you up to date on information here as well but this is why you actually may see prices drop so again going back here in two thousand twenty will be an average maybe five twenty one which is less than at five thirty three average price and Denver. So he's still sold You know roughly say mental home a little bit less but what happened was the volume dropped and then be sold less than the higher end which is going to push down the average sales price all right spaghetti. Have ANY QUESTIONS ON? That definitely asked me and let me know. If there's any agents out there listening to this here you're cass also posted a really interesting article. This internal for their agents on what may happen with agents gross commission income and how the changing prices affect agents so. It's actually really interesting data. I won't go into it on this podcast because this is all geared toward dusting but if agents are listening to you want to see it just email me. I'll be happy to for the email Tia. It's just interesting. Data talking about What agents do what part of the market in the agents shift WHO LOSES? Who grabs market share so for me for my business? I found it helpful and it's found it very enlightening as well all right. So that's the first half. I wanted to cover here now. Moving on the second half I wanNA talk about the actual stats from March twenty twenty. Now this is GonNa be along the same lines cover every single month on the podcast which is comparing the statue of the previous month. So if you've not heard any cover these before. I always liked impair march twenty to march nineteen or month to month so year-over-year verses this month versus last month because Denver we have very well defined seasonality patterns and the market in March is different than February. And it's different in January so if you compare year over year you get a much more accurate picture as to how the market is doing relative to that time because March is usually when the hottest times for selling properties in Denver. Because weather's getting nicer A lot of homebuyers are wanting to sell and buy new properties then that way they can move during the summer so when their kids aren't in school so we have a couple patter that really impact the market. So that's why we like to compare year over year so I have a slide up here from D Marceau Denver Metro Association of Realtors and they just Every month they take data from Ari Colorado. Which is our MLS compile it they publish it and it's just great data and they always get it out on the second day of the month so we get it really quickly as well and they did a great job of compiling. And so you're seeing that slide here. You can download the whole pack when a nerd out on it. But I have a few data points I like to look at and discuss so looking at active listings here. And that's his first row will compare March twenty to march nineteen so about five thousand seven hundred seventy six properties for five thousand eight hundred approximately this March compared to about sixty three hundred a year ago. So that's what a five hundred property decrease as far as active listings on the market. So what defines active listings is. That's everything that's the new listings subtracting out properties that are under contract or sold and also properties been withdrawn or expired by the sellers. So the reason we're seeing a drag down the listings because that's about eight percent from the air is because we've seen a lot more properties withdrawn than normal which makes sense. I mean if you put yourself in your typical homeowner shoes if a lot of people working from home now. Their kids are home from school. Everyone's at home. Now you know what twenty four hours a day? Basically or twenty two hours a day for the most part. They don't want a bunch of random people coming through house for two reasons. One if they're trying to work and their kids are trying to do the virtual schoolwork they don't leave their homes. Because it's just it's you know it's a pain in the butt for their workdays school day but also they're just they don't want ran the people coming through your house for health reasons so if I were selling my house right now living in it I'd probably withdraw tube because I don't want a bunch of random people coming through my house for obvious critics reasons now vacant. That's a different story. So we've seen a lot more properties withdrawn from the market. And that's why we're seeing the active listings drop. So it's GonNa be interesting to see what the data is for April. How much the active listings are. Because I actually thought the active listings dropped more than this and this is just you know my best. Guess what I tell myself for a look at the data so seeing dropped eight percent. I actually was expecting bigger than that. I dated back up. Just you know my my talk another agents and seeing what people are doing out there was actually. We've actually seen more listings. Come on the market. So actually help offset the withdrawals. So we're actually seeing that seven percent more listings on the market so about sixty six hundred new listings Maria about sixty two hundred listings last March so on the side here they say pending for some reason Ari. Colorado analyst changed the word under contract depending so under contracts are down so we were about fifty four hundred properties and our contract last March. Now we're just under five thousand so down about seven half percent. So No big surprise there fewer properties of the market I also know a lot of contracts a fall apart like we just give you guys an example out probably about six weeks ago or so you know we had put an offer on an investment property like just a really good cash learn condo in Aurora We put a good competitive offer but we lost out to a cash offer that was higher price hours so great. That's just the way it goes sometimes not great but whatever that's his Waco sometimes and then I know about two or three weeks later the agent reach back out to us and said hey the cash buyer you now fell off and this was right after the stock market tanked so we don't know the story to it but we're assuming hey who's all cash a lot may was in the stock market or maybe did have quite that much cash anymore so he cancelled the contract and agent reach back out to us. Because we'd done a strong offer and we actually had done a deal with its agent once or twice before as well but they had an automatic. They'd already taken a backup offer a weeks ago and that agent did not think that backup offer move forward with it but they did so that backup Alfred. I write to garner contract. It's just an automatic contract provisions when under contract on there and then we just heard I think it was. Monday's like two days ago. That that buyer fell out. I think it was. I think the agents of that buyer furlough their job got furloughed and so that contract Philip. So she called us back and said Hey. Do you guys still have a buyer that wants to buy it? We said Oh yeah. It's a great property. Numbers make sense So we're GONNA grab that property so I use that example because that is not uncommon. We are not the only agents experience that I've heard that from other agents as well. I mean we've had a couple deals fall apart just for the same reasons like you know the economy. Just it's wonky right now. It's not doing great so I think we're seeing a lot more contracts for that or falling out for that reason because people are getting scared or I mean people have the job two weeks ago. They don't have a job today or the furlough today. So it's a lot of uncertainty in there. So number properties closed down about five percent over last year over last March for about forty three hundred this March versus like forty five hundred and change last March so yeah kind of goes with the other stats on their average home. Price went up. It's about seven percent from last March so last year the average price was about four seventy eight the average price this year. It's about five thirteen. The medium price was up about seven percent changes well so the medium price was about four fifteen last. March and now it's about four forty six this year so I'm not a big fan of either the stats really accurate. Pricing DETAILS BUT IT. Kinda shows you the.

Denver Colorado D Marceau Denver Metro Associa Astle Aurora Philip Maria analyst Alfred
"denver metro association" Discussed on KOA 850 AM

KOA 850 AM

01:39 min | 1 year ago

"denver metro association" Discussed on KOA 850 AM

"Used time is three oh two a professor of diplomacy do you former ambassador to Iraq Chris hill was on M. S. N. B. C. last night talking about the strike against U. S. forces in already you have a lot of noise from the Iraqi politicians thanks we gotta get out we got a stop bring our problems to their country the attack comes after last week's U. S. air strike killed a top Iranian general state lawmakers are back to work today as the twenty twenty legislative session kicks off senator Jerry Schaumburg says there's one thing on the top of his agenda transportation we have a billion dollar surplus last year it looks like we're gonna have a billion dollar surplus again Bisher but we can't seem to find money in that surplus to prioritize high we followed the man that is frustrating lawmakers report for work today with governor polls expected to give the state of the state on Thursday the group concerned Colorado will be joining the stand for Colorado twenty twenty rally at the west steps of the capitol the rally begins at eleven o'clock this morning the rally begins just as a legislator convenience for the first day of the legislative session and Royce with concern Colorado says it's important to attend the rally everyone to stand up and speak with our values that I hope people will turn out for the rally concern Colorado is a nonpartisan group of Colorado families Royce says the group is excited to attend because of its strong statement of freedom over force Denver area homeowners are holding on to their properties and that's affecting the housing market the Denver metro association of realtors says the available inventory fell twenty eight percent from November to December a drop in home.

Chris hill M. S. N. B. C. Jerry Schaumburg Bisher Colorado Royce professor senator Denver Denver metro association of re
"denver metro association" Discussed on KOA 850 AM

KOA 850 AM

02:37 min | 1 year ago

"denver metro association" Discussed on KOA 850 AM

"Like they are re living the aftermath of hurricane Maria A. B. C.'s Victor Oquendo on Porter Rico you're listening to ABC news can't win use time is two oh two a professor of diplomacy at do you a former ambassador to Iraq Chris hill was on M. S. N. B. C. last night talking about the strike against U. S. forces in already you have a lot of noise from the rocky politicians thanks we gotta get out we got it stopped working out problems to their country the attack comes after last week's US air strike that killed a top Iranian general state lawmakers are back to work today as the twenty twenty legislative session kicks off senator Jerry Schaumburg says there's one thing on the top of his agenda transportation we had a billion dollar surplus last year it looks like we're gonna have a billion dollar surplus again Bisher but we can't seem to find money in that surplus to prioritize highway funding them that is frustrating lawmakers report for work today with governor polls expected to give the state of the state on Thursday the group concerned Colorado will be joining the stand for Colorado twenty twenty rally at the west steps of the capitol the rally begins at eleven o'clock this morning the rally begins just as a legislator convenience for the first day of the legislative session and Royce with concern Colorado says it's important to attend the rally everyone to stand up and speak with our values that I hope people will turn out for the rally concern Colorado is a nonpartisan group of Colorado families Royce says the group is excited to attend because of its strong statement of freedom over force Denver area homeowners are holding on to their properties and that's affecting the housing market the Denver metro association of realtors says the available inventory fell twenty eight percent from November to December a drop in home inventories generally expected during the winter holidays but the most recent number set a record for monthly decline the good news for prospective buyers it's taking a little longer for homes to sell once are put on the market our next update is coming up at two thirty I'm Gacko shelling came away eight fifty AM in ninety four one FM the voice of Colorado it's gonna be tunes on activity the million thank you drive you can find pothole repair taking place was my my two seventy between Vasquez and I twenty five he had various ramp closures on C. for seventy and that's going to be between wants within Quebec eastbound you're gonna find that Quebec Grampus closing for going westbound you've got Santa Fe university in Wandsworth those ramps are also on clothes and something like twenty five these road were taking place at US thirty six with all right lane and not settling block fox thirty one.

Vasquez Quebec Grampus Denver metro association of re Denver senator ABC US Wandsworth Quebec Maria A. B. C. Royce Colorado Bisher Jerry Schaumburg Chris hill professor Porter Rico Victor Oquendo
"denver metro association" Discussed on KOA 850 AM

KOA 850 AM

02:13 min | 2 years ago

"denver metro association" Discussed on KOA 850 AM

"Month change from October year over year the drop was about six and a half percent the Denver metro association of realtors says this follows a surge of inventory in the last quarter of twenty eighteen the association says the psyche of the seller is changing sellers are holding back and waiting now because they're concerned the market has shifted despite favourable conditions that include low interest rates for mortgages your homes on the market make it tougher for buyers to get in average home price in metro Denver last month was more than four hundred ninety thousand dollars that's up nearly seven percent from the previous year the ATP private payrolls report for November comes out this morning analysts expect to see a hundred forty five thousand private sector jobs added last month that would be up from a hundred twenty five thousand in October today's eighty P. report could also give us a sense of what to expect on Friday that's when we get the government report on employment for November General Motors is laying off more than eight hundred employees at a Detroit assembly plant starting late February of next year that plan is being retooled for a new line of electric vehicles in twenty twenty one the trials of the lawn mosque include an actual trial as CEO of Tesla and SpaceX testified in his trial for defaming one of the men who helped rescue those boys from that soccer team who got trapped in a cave in Thailand you may remember that Moscow offered a miniature submarine to help an Australian rescuer mocked the offer is a publicity stunt and said musket stick is suffering weren't hurt must got mad a course in called the rescuer Peter guy on Twitter and took some time and a lot of blow back for him to apologize but that didn't stop them from getting sued most testified at his trial that he didn't mean for people to take that peta file tweet literally the first T. Kotel is planned for one of Denver's hotter neighborhoods lo hice stands for lower highlands it'll be the location for the hotel per reading at twenty five hundred eighteen street it features seventy rooms an upscale bar and restaurant developers promise elevated views of Denver skyline and easy access to the low high seen an easy walk to downtown Denver groundbreaking is set for next summer opening scheduled for the summer of twenty twenty one twenty update coming up at seven twelve watered Kaylee money news.

Moscow Kaylee peta soccer Detroit Denver metro association of re T. Kotel Twitter Peter guy Thailand SpaceX Tesla CEO lawn mosque November General Motors Denver four hundred ninety thousand d seven percent
"denver metro association" Discussed on Denver Real Estate Investing Podcast

Denver Real Estate Investing Podcast

12:01 min | 2 years ago

"denver metro association" Discussed on Denver Real Estate Investing Podcast

"Who Focuses on investment properties here at your real estate and my co host days Joe Massey? Who is a senior loan officer at Castle and Cook Joe Going to sit down with you again Chris? Thanks so much for having me man. I love these market updates. Glad we're doing skits tons of positive feedback from folks out in the community so hope this is useful and you know. Want to throw out if you ever ever have questions or specific topics that you'd like to hit on for the market update. Let us know. I think we always come up with good ideas. But if there's something matures thinking to yourself hey I wonder what's happening in XYZ question question There's probably other people listening to have the same questions. So let us know would love to chat about the things you're interested and yes. Please do reach out to us on that. We love just got the data and go down rabbit holes so so we're going to start off with the active inventory graph that shows inventory at the end the month compared to the inventory that sold the guy's have been named our classes or Webinars podcasts. CAST before you definitely heard us talk about the slide. Probably like a hundred times at this point but the wonderful side because it shows about the last ten years of data how many homes homes You know so single family homes condos townhomes. How many properties were sold in Denver Metro? And and how much inventory was on the market. See Look back ten years ago. We had lots of inventory. That's when the world is falling apart and then right around two thousand eleven two thousand twelve two thousand thirteen a win from lots of and Tori to this low low inventory market that we have been in so ending in October of twenty nine thousand nine hundred we ended about eight thousand five hundred and fifty seven active inventory. So if you look back last couple years that's actually higher than what we have been seeing by. Want to talk about this for a minute because it was actually September and I forgot to do the September podcast this because we just got busy doing deals a baby in September. Will that happen you too. We should point that out passes. Yes you too. Thank you gotta give birth. Yes well I guess your wife did I wife did she had the hard job so but what I want to talk about here. Give me your perspective because the last I know from my twenty fifteen twenty eighteen this timeframe we that really the hot sellers market where it was just kind of like the same updates for three or four years and then I felt a market shift. It was September of last year. And that's why I talk the other people and then we started smelling the date on there. It was just like hey the mark. The market has just been going full throttle forward accelerated mashed out and all of a sudden someone. Just kind of tap the breaks break's real fast. Nothing major but we had a little break tap there in the Karo. Whoa what was that? What happened here like why? Don't we tap the breaks and that's when we saw that increased inventory. Sorry so that was September and so now we're a year and one month when we the market had that little break tap so any kind of give you that perspective because we in that one year mark work and I've been really excited to see or interested to see. Hey what does that year over year. Data look like when we start looking back from that market started to shift slightly to two now so at eight thousand five hundred fifty seven inventory. The forty year average for October is about fifteen thousand seven hundred so still well below the average all time high was just under thirty thousand in October of two thousand six. A record low was about sixty three hundred in October Bert. 2017 soared eighty five hundred. The market definitely had a little break tap here but eighty five hundred. It's a lot closer to the all time low of sixty three hundred versus the all time high of almost thirty thousand and half below what the average has been so as I tell you Jonas Snapshot It's becoming more balanced market but it is not a bubble it is not something that sellers need to freak out. It's not something that buyers there's are gonNA suddenly be able to get properties. Ten percent under list price twenty percent under list price. This does not indicate home. Values are going to start declining to be frank. This is just kind of getting back to normal now. It feels weird when things have been going so crazy for so long and then you get back to normal. You're like Oh my God. The Sky must be falling. Not We're going back to normal. It's okay and jumping forward. The next slide here. This is a data snapshot and a lot of students coming. I mean from the Denver Metro Association of Realtors. That publishes day that couple days after the end of the month so if we look at the active inventory for October of twenty eighteen. We're at eight thousand five hundred thirty nine. We're at eight thousand five hundred fifty seven. So what's that like like one properties. Nineteen that's almost exactly the same. Yeah Yeah So we had a point to one percent increase inventory from year to year and we saw very similar number from September September last month so so while we have up inventory build from last fall and the springtime. It seemed like the inventory. Build has stabilized because we're not seeing the inventory. Continue to grow and Joe. I mean my thought on there might be some new with the interest rates. Interest rates are still super low Actually better now than they were back in the summer and you know. I think it's still a great time to buy properties sellers out there you're gonNA see properties continue to go up. Look at the average sold price this year of nineteen four hundred eighty six thousand last here in eighteen. Four hundred sixty nine thousand seventeen thousand dollar increase you know. Roughly three four percent appreciation interest rates are still low which allows buyers hires to get in and be able to afford that monthly payment even the value of the home has gone up. Great time to buy still a great time to sell very very balanced. Yes and that's a great great thing to talk about. Because allies of the numbers days on market. That's about the same as always saw a year every year. I mean they went up like three days which is not a huge huge number but the important thing is the inventory starts slowing star building the market so down a little bit but it's just that we still see appreciation now we're not seeing the eight through ten percent appreciation. We saw last couple of years ago but right around four or five percent appreciation which is still really good and that's actually better for a long-term healthy market. I think it's super appropriate for long term. I love it so anything else you WanNa talk about on a slide. Show by more property sell more properties. Great time to transact that's it amen. So so what we're looking at here now and we'll do our best. Describe this internal your castle. Data that they publish every single month actually shows the number of showings per listings of their agents. So through the main showing service here in Denver Central showing service. You're Catholic track all all the listings for their your castle agency. How many listings? Or How many showings were scheduled for their listings. So it's not a hundred percent accurate but it's really really close tuning. It's a good snapshot as far as what we're seeing here. So when it comes to Showings our looking at the twenty nineteen line. And if if you guys remember US talking about this or showing it to you when we hit that August September timeframe last year it actually looks like a cliff on the graph Roy. Looking at the Blue Line here. We're at like eighteen showings per property in August twenty eighteen. Then you go to September twenty eighteen. The one month later showing from like eighteen down to about seven So a huge huge drop and actually just looks like a cliff on the graph and what that's the lowest it's been since like twenty twelve. Well which was still considered the recession time. So this is what got a lot of people's eyeballs Pop it out and looking at what's going on here so going forward to new this year. The Twenty nineteen year. We're looking at Look at that same time frame from August to September. There's no major drop off August. Twenty nineteen was right around around. What's that like? Thirteen showings per listing September. Right around thirteen showings per listings. October's right around like Twelve or eleven showings per listing and the lower showings per listing. This is perfectly normal for this time of year because we've seasonality in the market We had what those three snowstorms terms and like seventy two hours in October. So that doesn't help out either but overall looking at the showings per listings this year. It looks much more normal. Were above the recession session. Timeframes were pretty close last few years so this is just pretty normal. I'd say I yeah. I think it's very appropriate right in line with what we saw the last three or four years as far ars this month not the cliff from last year. But you know you look at that that purple dot there in October dried in line with showings listings. That we've seen the last three or four years in October. So it's another cater to me that. Hey the market is going to keep marching on that we have no major red flags down the road tiger. So this one's talking about this because every quarter under the apartment association of Metro Denver Releases apartment data. Now this is for the you know the big apartment buildings and big investors. which most of us? Yes I classify says mom and pop investors. We don't own the hundred Tunisian apartment buildings so la this is coming from data that's from the bigger buildings all around Denver but it's a really really really good Snapshot as far as what the date is going on here. And what's interesting is that rents R- actually down a little bit a bit so the average rent for this quarter so for the third quarter between nineteen was at one thousand five hundred and six dollars you look at the previous easiest quarter of a quarter to about one thousand five hundred nineteen but then q three two thousand eighteen. We're at fourteen thousand one thousand four hundred sixty four dollars so rents were still up comparing this quarter to last quarter and what was interesting while Rinse Redondo bit Concessions were even down even more four. And what concessions are. That's all those big apartment buildings. Do those moving specials. Hey movie and you get a free month's rent to or no security deposit positive. They do stuff because they want to get people in the apartments. And that's not because they can't fill them that's Casco back to do with their construction loans. Hey once they hit a certain occupancy limit they can get out of their construction load and refinance into a great long-term Freddie loan or some other like private bank loan and getting much more favorable financing. UCLA concessions that's not a bad thing. That's just the apartments getting their financing and or getting their occupancy rates where they need to sick and and finance into better long term financing. kind of like what we would do if we're doing the BURR strategy. Almost that's exactly right. That's exactly one of those. Let's go from higher interest rate too Nice No ten twenty year fixed rate much lower rate so the fact that concessions are down. I think that's a positive sign for landlords but here's the interesting thing Vacancy NC is down. So we're at four point seven percent if you look the previous quarter as five percent and then this quarter twenty eighteen was five and a half percent so joe from a big level Big You know. Ten Thousand Foot level when vacancy drops. What you do go? Yup Yup generally. Why is that Supply and demand. Yeah it's very very simple. And that's why imagine there's headlines out there that rinse of dropped. I am not concerned about that. I think the vacancies much better. Four looking indicator and so since vacancy is dropping concessions or dropping I would I'd say apartments or can I'm probably good for a while longer. I agree it's my best cristobal guests. I'm happy as a clam being a landlord want to keep doing it. And there's one other interesting thing on him he find my notes on here Absorption Rate so there was two thousand eighty one new units delivered and so that puts a Denver Denver Metro at a toll about three hundred fifty five thousand total apartment units so for this current quarter. There is a net. Absorption of two thousand nine hundred hundred and seventeen units for Denver Metro. That's nine hundred. More than.

Denver Joe Massey Denver Denver Metro Denver Metro Association of Re Denver Metro Castle Chris Tori Karo UCLA Rinse Redondo Casco Freddie
"denver metro association" Discussed on WMAL 630AM

WMAL 630AM

01:47 min | 2 years ago

"denver metro association" Discussed on WMAL 630AM

"For now, if you do have more trouble than other people getting your way to where you want it. Don't give up life isn't always fair, but staying healthy and happy with your body is worth the extra effort. I'm Dr Sanjay Gupta. Helping you live a better life one zero five point nine FM and AM six thirty Washington's mall W M, A L or Washington comes to talk. There are some moments only the forest can inspire. Find yours at discovertheforest dot. Real estate today because knowledge is power. And we are back with our special show buying in the spring market an entire program dedicated to how to buy a house of your very own in the spring market of two thousand nine hundred and why it's such a good mood coming up in this half hour. We'll talk to a national expert about your credit and things you might not know that's straight ahead on our special show buying in the spring market. But first, let's go to Bill Thompson in the real estate today. Newsroom. Hi, Stephen there's been a rare dip in the median home price in one of the nation's hottest housing markets. The Denver metro association of realtors reports that in February for the first time in seven years the median single family home price decline falling nearly two point two percent compared to a year ago. Denver real estate expert Clare Short tells FOX thirty-one news for nearly a decade buyers have been overpaying to some degree just because. That's what the market has dictated. Now. It looks like it's kind of turned a corner. At least the buyers of the median home price in metro Denver is still pretty hefty though. More than four.

Dr Sanjay Gupta Denver metro association of re Denver Washington discovertheforest dot Bill Thompson Stephen Clare Short FOX seven years two percent
"denver metro association" Discussed on TalkRadio 630 KHOW

TalkRadio 630 KHOW

02:13 min | 2 years ago

"denver metro association" Discussed on TalkRadio 630 KHOW

"How to maintain it through the years and also any of you real tours listen up Chris's garage doors. He's an affiliate with south metro Denver realtors association. The Aurora association of realtors he's involved with Demore Denver metro association of realtors all around competent, good guy, and he knows inside out garage doors, and Larry he did just fix our door recently. We had a broken strip of wood there. I come home and the little broken strip award was fixed because it's a part of the garage door. That was not on our list of maintenance or repair. But that's the kind of guy Chris is any came prepared. He comes prepared to help your garage be all around better. So thank you Chris for that. He's with us today. Larry's going to talk about what Larry a new kind of real estate company that consumers better watch out. Right. Be careful. That's right. Because not all new things are the best for you. And not all new things are best for you Berry's world. We're going to hear about this rupture, flexible fees and fiduciary level services all wrapped into one really good establish positive company for you. The consumers will hear about that later in the show and then market data. Hey, Larry, what's the FHA rate? You know, the going rate any guests at that. Guess it's around four four and a quarter foreign of now four in accordance with no origination fee. No cost a front. So four percent is very possible. Very possible with good credit and typically there's an origination fee which buys down the rate a little bit. So you are very very close conventional rates thirty year loans, four and a half at bar at par. Investors. Investors only need put twenty five percent down thirty year fixed rate loans any guesses on what they are..

Chris Larry Aurora association Demore Denver Denver fiduciary Berry FHA thirty year twenty five percent four percent
"denver metro association" Discussed on TalkRadio 630 KHOW

TalkRadio 630 KHOW

04:17 min | 2 years ago

"denver metro association" Discussed on TalkRadio 630 KHOW

"We're a small company later, we can't service enough of our listeners. That's good. We know that. But we're we're there and we could help find agents up and down the front range because we're very active there. Okay. I'm happy to be. I'm a proud. I say, I'm a proud. Past president fairly recent past president of the Aurora association of realtors, I know lots of top agents up and down the front range because I met them in my active years, just still I'm still there in that activity. And I mean, the different associations. Let's name where they are Greeley Fort Collins, Loveland Longmont, boulder, all call those name association, real tours. Okay. Then we have the Aurora association real tourists. Then we have a conglomerate called the south metro Denver real tour association. Then we have a bigger conglomerate that doesn't always know what a consumer is either. And it's called Denver metro association of realtors, but they have many fine agents in their volunteer framework. Give them a call and then covering the pikes peak area. Meaning Colorado Springs is what else the pikes peak associated. Real tours. That's where you go to find some of those top agents there not enough of us. But we're there, but how does an individual find them? Well, the first thing you do is you interview several well, you have to find them. I find good ones. And then when you find good ones, you want to interview two or three when possible what Kathleen will help you find two or three you find a few good ones, supposedly, you're not sure the good. That's right. You win or view. Correct. Correct. I'm sorry. Sometimes was good for one person is not good for another person direct. No, no sometime, let's say a good consumer seller is interviewing for listing agent. They okay, they succumb to their friends and family, and they interview that numb nuts. You know age. You know, what I think of those referrals? They're usually pretty poor. But so they did that they interviews up. And then they interview to to Goodwin's that let's say Kathleen gave them, but one just they felt so much better. Even though the answers were similar they felt better. Which one would you go with the one you feel better with absolutely absolutely? Agreed. So there is a way an agents are out there. We also help people find agents in different parts of the country. That's not what we do primarily. Kathleen does that day in day out twenty four seven one more quick question berry. Do you see that training will improve in the future? Are we kinda doomed to this? It's becoming worse, and we are doomed. Well, here's what's going to happen. Consumers are going to realize that that sorry three percent commission, which has been sort of standardized mathematically across. The country for three percent on the buyer side. Three percent on the seller side. You know, what we think of that? I think it's a scam. But that particular three percent finally consumers are going to say I'm paying three percent for what where's my negotiator? Where's my protector? Where's my advocate? Wow. I heard Larry stay say on the Barry and Larry show. Where's that person? Who's gonna save me money? I'm the buyer. Where's that person is gonna make me more money? I'm the speller. It's not all about money. But that's a good tool to measuring tool measuring stick where is the agent who is on my side, and is capable you bet. Larry that commission is going to catch up with it. And then the consumers are the consumers becoming more informed or lesson for more informed or the consumers becoming more aware of the tragedies of residential. Yes. The internet is so good for those. Sorts of things you bet and we're out to empower that internet network and empower consumers and.

Kathleen Aurora association pikes peak Denver metro association of re president Larry show Denver Greeley Fort Collins boulder Colorado Springs Goodwin Barry three percent Three percent