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Rob Kelly
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Associate Broker
REALTOR®
RE/MAX ALLIANCE 
225 So. Boulder Rd
Louisville CO  80027
720-284-9211 Cell
720-368-5051 Fax

"Thinking of Real Estate?  Think of Rob!"

What's Rob doing?
Blog 
Twitter @ RobKellyCO
www.DenverForeclosureTour.com
 

 


1st Time Investor
Forbes Magazine: Denver # 9 in Top 10 Seller's Market

 

 


Denver is # 9 Forbes Report
 Could it be that Denver is finally beginning to turn into a seller's market?
 
Those of you who watch the Denver Market  know that we have been seeing signs that the local market is improving.
  1. A continually dropping Months of Inventory (MOI) of homes for sale in the Denver MLS
  2. Increased competition for foreclosure homes.
  3. A consistently dropping inventory of competing new homes.
    4.

Well, those factors have contributed to Denver being identified in a national article as the "No. 9 of the Top 10 Seller's Markets". 

Reporter Matt Woolsey stated about Denver:

No. 9: Denver

"After significant overbuilding during the last three years, the rate of tightening for the Denver market was good enough to land it second in that measure. Add a middle of the pack ranking of in its sales rate to inventory and it's safe to suggest that Denver may not be a fully developed seller's market, but it's headed that way."

Read the full article here: www.forbes.com/2007/06/21/home-market-seller-forbeslife-cx_mw_0622realestate.html 

 

 

 
Cashflow 101 Game Night Friday March 27, 2009
The Louisville Cashflow Game Night was established to provide a casual environment for both the seasoned real estate investor and those who are simply curious; to develop knowledge required to establish long-term passive income and financial freedom.

Where: Marketplace Bakery
              820 Main St  Louisville CO
When:  Friday March 27, 2009
Time:   6 P.M. – 9 P.M.

Come and have some fun and learn something at the same time by joining us to play Robert Kiyosaki's Rich Dad Poor Dad CASHFLOW® game.

CASHFLOW® teaches you the basics of fundamental investing and how to take control of your personal finances, build a business through proper cash flow management, and learn how to invest with greater confidence in real estate and other businesses.

While money has the power to make you a slave to it …it also has the power to set you free. CASHFLOW was created to teach people how to become a master of money and elevate their financial IQ.

For this event we will be running 4 games in parallel, with up to 6 people per game. There is therefore a limit of 24 people to this event so please book early to avoid disappointment! 

To Register or questions, contact Rob Kelly at:

 
Denver Job Growth @ 14%

 Another solid indicator of the health of Denver's Economy.  Denver is showing 14% year over year (YOY) in a national survey of 28 top markets.  All of this job growth coupled with our rental occupancy rate of 96% is sure to put positive growth pressure on rental rates.

 

 

Top 28 Growth Markets

Based on data from the Monster Local Employment Index, a leading indicator of local hiring trends, these rankings show the year-over-year growth in the number of online job postings for the top 28 markets. How does your city stack up? We'll help you find a job there or anywhere else.

 
Rank Category % YOY Growth*
1. St. Louis 29%
2. New York City 28%
3. Pittsburgh 23%
4. Boston 21%
5. Houston 20%
6. Seattle 20%
7. Dallas 18%
8. Atlanta 18%
9. Portland 18%
10. Denver 14%
11. Kansas City 12%
12. Cincinnati 9%
13. Chicago 9%
14. Minneapolis 7%
15. Detroit 2%
16. Philadelphia 2%
17. Indianapolis 1%
18. Cleveland 1%
19. Phoenix -1%
20. Los Angeles -1%
21. San Francisco -2%
22. Miami -2%
23. Sacramento -3%
24. Washington, DC -3%
25. Tampa -5%
26. San Diego -9%
27. Orlando -13%
28. Baltimore -20%
*November 2006 and November 2007
Source: Monster.com  Date: 12.27.07

 

 
Mortgage Rates at Lowest Level in four years
Fixed-Rate Mortgage Rates Plummet to Lowest Levels in Four Years

McLEAN, VA -- Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey (PMMS) in which the 30-year fixed-rate mortgage (FRM) averaged 5.48 percent with an average 0.4 point for the week ending January 24, 2008, down from last week when it averaged 5.69 percent as well. Last year at this time, the 30-year FRM averaged 6.25 percent. The 30-year FRM has not been lower since the week ending March 25, 2004 when it averaged 5.40 percent.

The 15-year FRM this week averaged 4.95 percent with an average 0.4 point, down from last week when it averaged 5.21 percent. A year ago at this time, the 15-year FRM averaged 5.98 percent. The 15-year FRM has not been lower since the week ending April 1, when it averaged 4.84 percent.

Five-year Treasury-indexed hybrid adjustable-rate mortgages (ARMs) averaged 5.13 percent this week, with an average 0.4 point, down from last week when it averaged 5.40 percent. A year ago, the 5-year ARM averaged 6.00 percent. The 5-year ARM has not been lower since June 30, 2005, when it averaged 5.06 percent.

One-year Treasury-indexed ARMs averaged 4.99 percent this week with an average 0.6 point, down from last week when it was 5.26 percent. At this time last year, the 1-year ARM averaged 5.49 percent. The 1-year ARM has not been lower since October 27, 2005, when it averaged 4.91 percent.

"Economic news released last week confirmed the weak condition of the housing market. Housing starts fell further in December to 1.006 million units, the slowest pace since May 1991," said Frank Nothaft, Freddie Mac vice president and chief economist. "For the year as a whole, housing starts dropped nearly 25 percent, from 2006’s level. This was the largest annual decline since 1980. New permits issued also fell to the lowest level since March 1993.
 
Denver Post Neighborhood Statistics

Neighborhood by Neighborhood Stats Courtesy of Denver Post

The Denver Post online has createed a neighborhood by neighborhood map and stats of prices, days on market and what percentage of properties sold by foreclosure:

http://www.denverpost.com/ci_6797508

 
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