Author Archives: dtruppo

The data’s in!  2010 finished the year with the average month-to-month home price actually HIGHER than it was in 2008 and 2009! Hard to believe, isn’t it?  Everyone’s complaining because their house isn’t worth what it was, and in most areas, neighbors watch anxiously each time a new “For Sale” sign goes up. “How much less will THIS one sell for?”,  they worry.  . The good news is that despite our freezing weather, in January, active listings got more showings  than they had on average in the dismal months after the expiration of the tax credit.  Lots more!  The number… Read More »

Some interesting stats on the current Denver Metro real estate market… Bottom line is that the Buyers Market continues.  There’s some good news though. Marketwatch.com has named Denver the 6th best city (out of 102) to do business in, and, in a second report by Allied Van Lines they said that Colorado had the 2nd highest or best relocation rate in the country. Only Texas had more households relocating to their state.  Unfortunately, 2010 saw the fewest number of residential real estate closings since 1996.  The number of closings (Denver Metro) in 2010 dropped 7.7% to 38,818 closings, the lowest… Read More »

Get prequalified for a loan and set aside funds, and you’ll be ready to purchase a foreclosed home. 1. Choose a foreclosure sale expert. Lenders rarely sell their own foreclosures directly to consumers. They list them with real estate brokers. You can work with a real estate agent who sells foreclosed homes for lenders, or have a buyer’s agent find foreclosure properties for you.If the agent represents the lender, don’t reveal anything to her that you don’t want the lender to know, like whether you’re willing to spend more than you offer for a house.2. Be ready for complications. In some… Read More »

The metro Denver area IS a great place to live. Not only do we have a great climate, friendly people and easy access to the Rocky Mountains, but our economy is pretty health in comparison to other areas. We’re enjoying lower unemployment than the national rate. According to the Metro Denver Economic Development Corporation, our unemployment rate fell from 6.9 percent in September 2009 to 6.6% percent in October. The real estate market is significantly stronger than it has been in previous years as well. According to RealtyTrac, Colorado foreclosures fell 18.75 percent from September rates during October 2009. The… Read More »