The Daily Dirt - How's the Market? News from the Mile High Home Hunter (Pt. 1)

How's the market?  It's the question Realtors® get asked more often than any other question. 

Why is that?  Well, because unlike doctors, lawyers and accountants, Realtors® are one of the few professions that are pro-active in nature:

1. You call a doctor, usually when you are sick
2. You call a lawyer, usually when you are being sued
3. You call your accountant, when you want to ask if that deduction you took is actually a "red flag" to the IRS.

• THEN, if it IS a red flag, then you call your lawyer, then your doctor as you become ill at the thought of the upcoming audit.

However, Realtors® are folks you call to initiate something: A purchase of a home. A sale of a home.  Most of those times, it's something positive.

As a result, people's natural curiosity compels them to invariably ask the "how's the market?" question.  It's rare that people go for a week without thinking about a home or their home:  fixing it up, buying up, scaling down after the kids go to college, getting away from it all, investing in some foreclosures, or just wouldn't it be great to own a home on a beach in the Caribbean and not have to fight the snow?!?! 

So, how do I answer that question?  It's always a great time to buy and sell real estate! 

Really?!?!  Yes. Really.

Why?  Well, at the risk of sounding like the old T-Mobile commercial where the "motivated Realtor®" is alternately saying "It's a Buyer's Market", "It's a Seller's Market" and "Any closet is a walk-in closet if you try hard enough" (click here to view) , it really is a great time to buy or sell!

Really?  Yeah. Really.  Here's why I am keen on real estate.  And why I am keen on real estate in Denver.

1. Lower home inventories - Crisis?  Been there. Done that.
2. Historically low interest rates - combined with an aggressive Fed
3. Occupancy is at record and near-record lows in Denver