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How Renters Can Increase Their Ficos
All your client needs to do is provide landlord information, upload a couple of ID documents and the tradeline will appear on their credit report. The process takes up to 45 days as they report to the credit bureaus on the 20th of the month. The cost for historical reporting is $199 per individual and…
Why No Help Is Getting to Tenants & Landlords
The Colorado Apartment Association reported that 97% of apartment renters paid their rent in July. The national average payment rate is 94.5%. And evictions in Colorado are down 52% from pre-Covid levels. According to U.S. Census Bureau estimates 43k Coloradans have self-reported as being fearful of eviction. Why is this number so high when you…
Financial News Update
Brett Stefanski, who is our SVP of Finance and one brilliant man, has heard from his experts in the world of bond finance that the 10-year Treasury will hit 1.00% in yield before we hit 2.00% in yield. WOW! · The Producer Price Index surged up .7% last month and wholesale prices are up 8.3%…
Denver RE Demand Continues to Surge
Denver RE Demand Continues to Surge Here are the August stats for the 7-county real estate market courtesy of REColorado and SMDRA- Remember Covid was still impacting our real estate market last year as showings, pendings, and solds dropped substantially March thru May and our market played catchup during June, July, and August. · 5,579…
Rents are Soaring Too
Rents Are Soaring Too The front page cover story of The Denver Post on September 7th was titled, “Rising Front Range Rents are Widespread and Will Keep Climbing.” Aldo Svaldi utilized several different sources for his story that I will share with you. · According to Apartment List rent in CO Springs is up 22%…
How to Avoid This Listing Mistake
How to Avoid This Listing Mistake One of the biggest mistakes that I see listing agents make is listing every condo they sell as FHA approved. They are NOT! Before huge changes made by FHA in 2010 nearly every condo community was approved as FHA’s approval was basically lifetime. But, in 2010 FHA began requiring…
Is the Mortgage Industry Racist?
An organization named The Markup released a story near the end of August titled, “The secret bias hidden in mortgage-approval algorithms.” Here are some details- · Lenders are 40% more likely to deny Latino applicants. · Lenders are 50% more likely to deny Asian applicants. · Lenders are 80% more likely to deny Black applicants.…
Denver & CO Are Less Business Friendly
The August 27th edition of the Denver Business Journal’s cover story was titled “Rule of Three.” Before the end of the year the 3 biggest names in the business world are leaving their jobs. These people include CO Chamber of Commerce President Chuck Berry, Denver Metro Chamber of Commerce President/CEO Kelly Brough, and Downtown Denver…
Surveys Reveal Housing Demand is Soaring
I want to tell you about 2 consumer surveys that I read about in the DBJ last week. First, eXp Realty surveyed more than 2000 people planning to buy or sell a home in the next year or who have bought a home in the past year. Here is what they found- · 73% of…
4 Reasons Why There is Little Risk of Foreclosures
I read an article written by Rick Sharga who has been one of the leading experts on foreclosure rates for at least 15 years. He says according to the Mortgage Bankers Association, 85% of borrowers in forbearance have exited the program successfully. WOW! Currently there are about 1.7 million borrowers still in forbearance and if…
Video is the Key to Generate Lots of Leads
We have been told by marketing and SEO experts for at least 10 years that videos on YouTube are one of the best ways to market our business and generate leads. Why? Young adults watch a ton of YouTube videos every week and many use YouTube as their search engine and don’t use Google. So,…
The Fed’s Thoughts on Tapering
Last week KC Fed President Esther George spoke and said the Fed should start tapering of bonds this year. St. Louis Fed President James Bullard said inflation is above their target level and he is skeptical that inflation is transitory. He thinks inflation will be 2.50% or higher next year. Finally, he wants to get…
