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Miscellaneous

Just How Far Will Denver Real Estate Prices Fall?

March 27, 2023 by Jeff Summerhill Leave a Comment

March 27, 2023 Just How Far Will Denver Real Estate Prices Fall in 2023 and beyond?   Well, this is a question that may be on the mind of just about everyone these days. It's clear now that home prices are down from 2022 highs which probably signals the highs of the 2010-2022 twelve-year mega cycle, and there appears to be great turmoil building in the economy, and in the financial system. Continue Reading

Why Mortgage Rates Likely Will Go Up, Not Down, From Here

February 15, 2023 by Jeff Summerhill Leave a Comment

February 15, 2023 🚨The average 30-year fixed mortgage rate jumps back to 6.75%. That’s a new high mark for 2023. pic.twitter.com/J9NgjuQ457 — Lance Lambert (@NewsLambert) February 15, 2023 The average rate for a 30 Year Fixed Rate Mortgage (Conforming Amount) is at a high now for 2023 after making a fast move up from near 6% to 6.75% over the past few weeks.   After these rates Continue Reading

Denver Real Estate Has Never Been More Expensive

February 15, 2023 by Jeff Summerhill Leave a Comment

February 15, 2023 Like Ever.  Full Stop.  Yes, You Heard That Right: Denver Real Estate Has Never Been More Expensive.   There are indices used to compare the cost of Real Estate over time in a given city like Denver.  The most well-known and respected is the Case Shiller index.  Instead of merely looking at averages over time, this index compares sales of the same Continue Reading

Denver Prices Now Down 21% To Date Since May 2022 Peak

February 15, 2023 by Jeff Summerhill Leave a Comment

February 15, 2023 Denver Median Prices down 21.89% from May 2022 to January 2023 It comes as no surprise to anyone who follows Colorado Real Estate that the frothy prices in Denver, driven skyward by the loosest and cheapest borrowing rates ever (unleashing incredible demand from primary residents, second home owners, and investors alike), would peak and retreat once the Federal Reserve Continue Reading

Blow Off Top

February 1, 2022 by Jeff Summerhill Leave a Comment

Blow Off Top There is a stock market term referred to as a "Blow Off Top."  It is defined by Investopedia as:  A blow-off top is a chart pattern that shows a steep and rapid increase in a security’s price and trading volume, followed by a steep and rapid drop in price—usually on significant or high volume as well. The rapid changes indicated by a blow-off top, also called a blow-off Continue Reading

Rising Mortgage Rates Will Deflate the Market

January 27, 2022 by Jeff Summerhill Leave a Comment

Rising Mortgage Rates Will delate the Market, if rates are allowed to follow their natural trajectory (Up).   This is really a fact that is impossible to dispute if you understand macroeconomics, credit, and markets.   Let's begin by looking at how mortgage rates come to be at a given moment in time:   How are interest rates set and why are they going up?  Mortgage Rates Continue Reading

Peak FOMO

January 27, 2022 by Jeff Summerhill Leave a Comment

We may have reached "Peak FOMO" this month in Denver Real Estate.  If you haven't heard the term before, FOMO is the Fear of Missing Out. FOMO is a very real thing, it's a byproduct of the human psyche and the human condition to want to fit in, to want to feel successful, to want to have as much or more than the next person.  What I did not realize is that this term is a relatively Continue Reading

Is It a Giant Ponzi Scheme?

January 19, 2022 by Jeff Summerhill Leave a Comment

You may be familiar with the term Ponzi scheme, which admittedly I wasn't familiar with until the Great Financial Crisis in 2008/2009.  A high profile case of Bernie Madoff made headlines for the level of scam and fraud that bilked investors out of millions or billions of dollars.  Put simply, a Ponzi scheme is an investment scheme that pays "profits" to "investors" out of funds Continue Reading

Monopoly Money

December 29, 2021 by Jeff Summerhill Leave a Comment

With everything getting more expensive, it might be time to reintroduce the $500 bill like the original monopoly game.  Virtually everything has gotten more expensive over the last 18 months, especially necessities of life and things with intrinsic value like housing or shelter.  In Denver in November, according to DMAR, the median home price was $542,000.   The Denver Post Continue Reading

Many Buyers Suffer From Buyer’s Remorse

April 14, 2021 by Jeff Summerhill Leave a Comment

There are a plethora of articles out there in the past few years indicating that a majority of younger buyers polled suffer from buyer's remorse: that is to say, they REGRET their purchases.  CNBC: 63% of millennials who bought homes have regrets—usually because they missed this one crucial step At best, a bad decision on a purchase can mean years of living in an abode you do not like, Continue Reading

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