Have a Safe and Happy New Year's celebration!
I got a better feeling this year than last!
HAPPY NEW YEAR!!!
Anyone Sorry To See 2010 Go? Hell No!
Friday, December 31, 2010
Thursday, December 9, 2010
Commercial Real Estate Stats Fluctuating
Check out this article from CoStar:
Latest-CRE-Price-Analysis-Reverses-Positive-Direction-in-October
Sales Volumes and Future Pricing
Investment grade sales volume, while lower for the month of October, has increased 14% during the last three months and is nearly 70% higher than one year ago. General real estate volumes have declined 6% during the last three months and increased a mere 7% from a year ago.
"We expect the current see-saw pattern in pricing to continue as a result of the relative 'trickle' of properties that are being allowed to come to market," said Dr. Norm Miller, vice president, analytics for CoStar Group.
"Additionally," Miller added, "CoStar has reported increases in average asking rents and positive net absorption for several commercial property markets. However, net operating incomes are expected to continue to deteriorate for a time as rents on existing leases roll to lower market rents. At the same time, the lack of new supply could lead to strong rent growth in the future. Lastly, if interest rates begin to increase, we believe it will be a race between the rate of increase in net operating incomes and the rate of increase in interest rates."
Latest-CRE-Price-Analysis-Reverses-Positive-Direction-in-October
Sales Volumes and Future Pricing
Investment grade sales volume, while lower for the month of October, has increased 14% during the last three months and is nearly 70% higher than one year ago. General real estate volumes have declined 6% during the last three months and increased a mere 7% from a year ago.
"We expect the current see-saw pattern in pricing to continue as a result of the relative 'trickle' of properties that are being allowed to come to market," said Dr. Norm Miller, vice president, analytics for CoStar Group.
"Additionally," Miller added, "CoStar has reported increases in average asking rents and positive net absorption for several commercial property markets. However, net operating incomes are expected to continue to deteriorate for a time as rents on existing leases roll to lower market rents. At the same time, the lack of new supply could lead to strong rent growth in the future. Lastly, if interest rates begin to increase, we believe it will be a race between the rate of increase in net operating incomes and the rate of increase in interest rates."
Tuesday, December 7, 2010
Vacancies Falling but so are Rents on Single Family
Denver-area renters snap-up homes | Inside Real Estate News
Vacancy rates on Denver-Metro single family rentals are now below 3%. With such demand, we normally have increasing rental rates. Not so right now!
I am hearing the same story from my clients as is being told in the comments of this story at INSIDE REAL ESTATE. I cannot tell you how many times in the last year I have heard; "this is the worst market ever for quality tenants".
I know there is some truth to it because many of the prospective buyers of low priced homes are having the some of the same credit problem issues.
Home owners who develop bad credit and lose their home become prospective tenants with poor credit!
Vacancy rates on Denver-Metro single family rentals are now below 3%. With such demand, we normally have increasing rental rates. Not so right now!
I am hearing the same story from my clients as is being told in the comments of this story at INSIDE REAL ESTATE. I cannot tell you how many times in the last year I have heard; "this is the worst market ever for quality tenants".
I know there is some truth to it because many of the prospective buyers of low priced homes are having the some of the same credit problem issues.
Home owners who develop bad credit and lose their home become prospective tenants with poor credit!
Monday, December 6, 2010
Short Sales make up a big portion of the Metro-Denver residential and small income property markets.
They are sometimes frustrating and confusing.
Below is a link from LAND Title that explains the basics.
Feel free to contact me at anytime with any questions!
http://ltgc.com/files/technicalbulletins_customers/shortsales_jul06_web.pdf
They are sometimes frustrating and confusing.
Below is a link from LAND Title that explains the basics.
Feel free to contact me at anytime with any questions!
http://ltgc.com/files/technicalbulletins_customers/shortsales_jul06_web.pdf
Sunday, December 5, 2010
Friday, December 3, 2010
Colorado Foreclosure Timeline
I hope you never need this but here is how it works!
http://ltgc.com/files/technicalbulletins_customers/foreclosuretimetable_jan08_web.pdf
Sorry for the absence, I hope to get back on a regular posting schedule soon.
http://ltgc.com/files/technicalbulletins_customers/foreclosuretimetable_jan08_web.pdf
Sorry for the absence, I hope to get back on a regular posting schedule soon.
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