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A Great Reminder from Eliott Eisenberg

Since 1860, a Republican has occupied the White House for 95 years, a Democrat 65. The annualized S&P 500 return during the 65 Democratic years of control was 8.4%, 8.3% when the President was a Republican, a statistically insignificant difference. From 1929-2019 one party controlled both ends of Pennsylvania Avenue for 45 years and the…

Sub-Leased Office Space Increases by 72%

According to CBRE, a huge commercial RE firm there’s more than 4.3 million square feet of technically “occupied” office space, but this is space that is available for sub-leasing. Normally commercial leases are for 5-10 years at least and if a business no longer needs the space they try to sub-lease their space to a…

Ivy Zelman Speaks About the Election & Housing

Ivy Zelman, one of the top experts on our national RE market wrote last week on what could happen to housing if Democrats sweep into power. First, she cited how a $15k first-time homebuyer grant is the last thing our real estate markets need. She said, “Frankly, there is a long list of impediments constraining…

New Home Permits and Starts Are Down in Denver

According to the U.S. Census Bureau through August, new single-family home permits in the metro Denver area are down 7% year over year. While new residential starts which includes both single-family and multi-family are only down 3% year over year. It’s good to see that starts and permits are both down small amounts; but this…

$2 Million VA Loan with NO Money Down

I discovered with a new client that VA Jumbo Loans with NO MONEY DOWN are back! In fact, we can go up to a $2 million VA Jumbo Loan with no money down at an amazing rate. During the height of COVID this spring all VA lenders had returned to requiring a down payment on…

Some Good News on COVID

Some Good News on COVID There have been many news headlines about the increase in COVID cases which may be scaring people. I saw graphs on Monday that I wanted to share with you. Each of these numbers are the 7-day average for the week ending October 25th- Daily tests are averaging 1.10 million. I…

Will Rates Go Negative Next Year?

Mark Grant, Chief Global Strategist, Fixed Income for B. Riley Wealth Management wrote last week that he believes there will be HUGE pressure applied to the Fed next year by whatever party wins the elections in a week from today. Why? Currently, “adjusted for inflation, the sovereign debt of the world, with negative yields, now…

Colorado’s Unemployment Rate Keeps Dropping

Colorado’s unemployment rate in September dropped to 6.4% from 6.7% in August as the household survey showed an increase of 63k more employed workers. While the employer survey showed only 13,400 new jobs created last month as the private sector added 20,800 new jobs last month, but the government shed 7,400 jobs last month. Since…

Will Mortgage Rates Top 4% Next Year?

The Mortgage Bankers Association released their Economic Forecast for the next 3 years. They see inflation doubling in 2021 from this year with an annualized inflation rate of 2.7% in 2021. However, they only see mortgage rates rising by 0.30% to an average rate of 3.3% for next year. I totally disagree. If inflation averages…

How to Create a Pension for the 21st Century

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,…

Why New Home Construction is Slowing

I read a story from Bloomberg News on how and why some home builders are actually SLOWING DOWN the construction of new homes. Why? Builders are struggling with supply shortages, surging lumber costs that have increased by nearly 150% in the past year, and intense competition for labor and land. Gene Myers, CEO of Thrive…

This Will Cause More People to Move to Colorado

The U.S. News and World Report released its annual Best Places to Live rankings last week and 4 of the 5 top cities are in Colorado as follows–#1-Boulder, #2-Denver, #4-CO Springs, and #5-Ft. Collins. They analyzed the 150 most populous metro areas and ranked them on multiple factors such as the market, housing affordability, quality…