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Zip Codes Where Home Values Have Soared by 100%

The Denver Business Journal had a great story last week on home value increases by zip code since 2009 using data from Zillow. The zip codes that saw the biggest increases shared these 3 common traits. First, prices plunged in these zip codes during the Great Recession. Second, these 6 zip codes have some of…

“Denver Remains a Top Destination for Millennials”

Aldo Svaldi wrote a great story for the Denver Post on Sunday that Denver is still a magnet for Millennials. In 2017, 65% of metro Denver’s out-of-state movers into Denver were Millennials, tied for 6th highest rate in the country. But, only 10% of recent Millennial movers purchased a home here. In Denver metro Millennials…

Will Interest Rates Drop Long-Term?

One of my favorite newsletters to read every week comes from John Mauldin who is a great economics thinker and investor. Plus, he hangs out with a ton of very smart people like Lacy Hunt. When writing about Japan and their massive QE experiment over the last nearly 30 years, he tells us that “massively…

“Why Houses in Denver Sell Quickly or Take Forever”

This was the title of a great story at Westword from April 23rd written by Michael Roberts. Michael interviewed 3 agents from RE/MAX—Amy Berglund, Lori Abbey, and Steve Kinney. Here is a sample of what each of them said. First is Amy— She listed a historic home built in 1886 in NW Denver last spring…

Denver Apartment Demand is Through the Roof

The Apartment Association of Metro Denver and DU released their first quarter apartment vacancy report. And demand for apartments is incredibly strong! Builders delivered 3,959 new apartment units in the first quarter and tenants absorbed an amazing 5,552 new units!!! This strong demand caused the vacancy rate to drop to 5.4% from 5.8% at the…

When Home Prices Rise Too Quickly, They Must Fall

Sunday’s Denver Post had a great story written by Aldo Svaldi on how hot housing neighborhoods have gone cold and vice versa according to a ranking of 90 metro area zip codes from DMAR using first quarter data. According to DMAR only 7 metro area zip codes showed price declines last year in the first…

Keller Williams Will Be an iBuyer Too

Keller Williams announced last week that they will join OpenDoor and Zillow and become an iBuyer of homes. Their program is called Keller Offers and Keller Williams will make instant offers to homeowners with one of their agents acting as a fiduciary for the seller working on their behalf. They will launch Keller Offers next…

Gen Z Eager to Buy Homes

Bank of America surveyed Generation Z, those born since 1996, and discovered that 59% of them between the ages of 18 and 23 want to buy a house in the next 5 years and more than half have already started to save money to buy one. BofA also found that this young generation of adults…

A Solution for Affordable Housing

Currently our state’s legislature is considering 10 different bills that relate to affordable housing. Unfortunately, every bill only deals with a symptom of the problem and does not deal with any of the causes of unaffordable housing. John McManus from Housing Wire wrote a great article last week on the myths and facts of affordable…

Is Rent Control a Solution for Affordable Housing?

Aldo Svaldi wrote a great story last week in the Denver Post on Senate Bill 19-225 that would end a statewide prohibition against local governments implanting rent control policies. This bill doesn’t provide rules on what can be done or can’t be done; instead the bill gives local municipalities the discretion to come up with…

OpenDoor Fee is Over 10%

Frank and Brian from the National RE Post received an OpenDoor offer from one of their subscribers Las Vegas in which OpenDoor’s service charge was over 10%!!! OpenDoor’s purchase offer was for $334k with a Service Charge of $35,070!!! OpenDoor claims that paying commissions of 6% or $20,040 is too much; but they charge an…

Don’t Let Zillow & OpenDoor Steal Your Clients

iBuyers like OpenDoor and Zillow are stealing your past customers! And not only are these iBuyers stealing from you, they are STEALING FROM YOUR CLIENTS!!! How? With offers that are below market value AND with higher fees than you or any other RE agent dare to charge. According to Frank and Brian their average fee…