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Where Are Boomers Retiring?
Multifamily Executive had a great article last week titled, “Where are Boomers Moving to Retire?” The 2 common characteristics of where Boomers are choosing to retire are places that allow them to maintain an active social life. Second, is proximity to adult children and their grandchildren. According to research by Zonda the parent company of…
How To Create A Pension Using Real Estate
The stock market has experienced 3 plunges of over 30% in this century already. If you or your clients are fed up with the volatility in the stock market then this class is for you. I am more convinced than ever that real estate is where we need to be investing our hard-earned Dollars. Plus,…
Top Trends in New Home Design
I read a story last week from the NAHB who surveyed recent homebuyers. Surprisingly only 25% of buyers said Covid impacted their preferences in a home and those most impacted were people who worked from home and had kids attending school virtually. So, what features do people want today in their new home? · 46%…
Tapering May Be Announced Sooner Than Expected
Tapering May Be Announced Sooner than Expected Nearly every Federal Reserve member except for the Chairman Powell and his potential successor, Lael Brainard, are in favor of announcing the beginning of tapering of mortgage bonds soon. Their next scheduled meeting is September 21st and 22nd and if the August Jobs Report is very strong like…
2 Potentially Scary Changes from Fannie
Fannie Mae announced last week that on-time rental payments will now factor into their underwriting calculations. Fannie is doing this in hopes of being able to extend mortgages to more people including minorities who may not use traditional credit. And I agree with this. However, I am very worried that a bad rental payment history…
Which Denver Metro County Saw the Most Appreciation?
According to Zillow the locales that experienced the highest rates of appreciation were primarily in Jefferson County with 2 more in Douglas County. · West Pleasant View in Golden saw the highest appreciation rate at 28%. · Next with 22% or higher appreciation rates were Edgewater, Wheat Ridge, Columbine, Conifer, Applewood, Arvada, and Morrison. · Not far behind…
Do Your Clients Have Lots of Student Loan Debt?
About 10 days ago President Biden announced that the student loan forbearance program now goes through January which means no monthly payments and no interest accruing on those debts. This also means a borrower’s credit report shows their payment as $0 or blank. Freddie Mac and FHA both let us use an estimated student loan…
Is Now a Bad Time to Buy a Home?
In another survey by Fannie Mae they released their Home Purchase Sentiment Index for July. 66% of respondents said now is a bad time to buy a home due to high home prices. Only 28% said it’s a good time to buy a home. But 75% of respondents said now is a good time to…
Why It’s So Hard to Buy a Home
And partially because the office and retail RE markets are awful big companies with billions of dollars are looking to buy thousands of single-family homes as rentals. These include Insurance companies and pension funds who are forming joint ventures with large real estate management companies and REITs to buy billions of dollars of residential real…
4 Strong Reasons Why This is Not 2008
Logan Mohtashami an economist with Housing Wire wrote a great article last week on why today’s red-hot real estate market is so different from the market beginning in 2005. Here are 4 facts he covers– · From 2002 to 2005 we saw immense speculative demand as “investors” were buying brand new homes and flipping them…
The Office RE Market is Awful
The CBRE released their 2nd quarter office vacancy report for Denver. · The vacancy rate is currently 18.8% the highest since 2009. · There is another 5 million square feet of space available for sub-leasing, thus the vacancy rate is really 23%. OUCH! · But, more than 1 million square feet was newly leased in…
When Will Tapering Begin?
Fed Governor and possible next Fed Chair, Lael Brainard, said on July 30th that she agreed with Chairman Powell in saying that employment has some distance to go before the Fed believes this “mandate” has been reached. She said she also wants to see September data on jobs, inflation, etc to assess where our economy…
