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Old 11-29-2018, 04:19 PM
 
Location: The Berk in Denver, CO USA
14,056 posts, read 20,404,877 times
Reputation: 22845

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OMG!
We are doomed https://www.westword.com/news/growin...orado-10983037 or the article is just clickbait. You decide.

"There's a Growing Problem of Underwater Properties in Colorado"
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Old 11-30-2018, 02:49 PM
 
2,103 posts, read 1,843,801 times
Reputation: 1982
From the Denverite

Quote:
In its 2019 housing forecast, the National Association of Realtors’ Realtor.com predicted this week that sales would drop 6.7 percent and prices would rise 6.8 percent in and around Denver. Nationally, existing home sales were expected to inch down 2.2 percent and prices to edge up 2.2 percent.
https://denverite.com/2018/11/30/den...tinue-to-rise/
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Old 11-30-2018, 02:57 PM
 
772 posts, read 411,182 times
Reputation: 1213
We sold in early June. Closed in July. We had two offers before the house even hit the MLS. Listing broker knew of one buyer. Coming soon sign brought in the second buyer. Sold essentially above asking because one of the brokers dropped their commission at the 11th hour so their client would win which put more money in our pocket though the house technically sold for asking.

Now, same neighborhood. At least 8 homes on the market. All for over 60 days. Pricing adjustments on most. All of this in just a few short months.
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Old 11-30-2018, 04:28 PM
 
Location: Just south of Denver since 1989
10,920 posts, read 29,431,570 times
Reputation: 7153
Housing watch. http://bit.ly/2SnSgav
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Old 11-30-2018, 06:41 PM
 
Location: In The Thin Air
12,297 posts, read 8,110,970 times
Reputation: 8940
Quote:
Originally Posted by brown_dog_us View Post
Quote:
Originally Posted by 2bindenver View Post
Housing watch. http://bit.ly/2SnSgav
You two are thinking alike.
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Old 12-02-2018, 08:35 PM
 
Location: Denver via Austin
3,117 posts, read 6,507,376 times
Reputation: 3542
I’m confused, how is it possible to discuss real estate without data? And why?

Denver’s market is completely saturated. There are more people wanting to move here than there are houses, which means basically that the housing prices will be the highest possible percentage of income mortgage underwriters are willing to finance. Rule of thumb is 28%. If the housing prices are such that median sales prices with median interest rates exceed that, it means there’s outside investment.

Last edited by Westerner92; 12-02-2018 at 08:48 PM..
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Old 12-02-2018, 09:48 PM
 
24 posts, read 11,877 times
Reputation: 33
Denver is number 33 for one way u haul trucks...

https://www.uhaul.com/Articles/About...s-Destination/

Not sure if this means anything... just found it to be interesting.
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Old 12-03-2018, 05:43 AM
 
2,103 posts, read 1,843,801 times
Reputation: 1982
Here is the link from above: https://www.uhaul.com/Articles/About...s-Destination/
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Old 12-03-2018, 12:49 PM
 
Location: Denver, CO
760 posts, read 592,009 times
Reputation: 1482
Quote:
Originally Posted by SirJohnHarington View Post
Denver is number 33 for one way u haul trucks...

https://www.uhaul.com/Articles/About...s-Destination/

Not sure if this means anything... just found it to be interesting.
Interesting. I thought I read something similar back in 2016 that had Portland and Denver as #1 for incoming 1-way Uhauls.
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Old 12-03-2018, 04:36 PM
 
Location: Denver CO
21,212 posts, read 11,838,248 times
Reputation: 32238
from the Uhaul piece

Quote:
Rankings are based on the total number of arriving one-way U-Haul trucks into a city in the past calendar year. Destination Cities reflect the volume and regularity of do-it-yourself movers coming into a community. They do not account for departing one-way U-Haul trucks, and thus do not necessarily signify growth like U-Haul Growth Cities and Growth States rankings.
Plus it doesn't reflect people who move to or from a location by means other than uHaul.

According to this, Denver is number 11 on the list of most popular cities to move to

https://www.ajc.com/business/atlanta...DMGwwJfGqdAQL/

And this one has us as number 13

https://www.usatoday.com/story/money...tion/35801343/
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