MyTownCryer

With a word this long, we don’t need anything else on the title line. I first heard the word Disintermediation back in the 1980s. It was employed to frame the collapse of the Savings and Loan Business. Everyone was racing to take their money out of the corner S&L and move it to safer environs. We are experiencing a tsunami of #Disintermediation. It’s based in our information, reporting, news and their source material. If one source is owned by Besos, and another owned by Musk, who are you going to follow or believe. I’ve wondered this for years, myself. Here’s exactly my formula.

I am an X user. If I want to hear from the Mayor of Denver, I follow Mike Johnson. If I want to hear from Joe Biden, I follow Joe. This eliminates the intermediary. Source news can then be objectively followed to a conclusion of truth or untruth. Along with this, I may follow supporting characters along the way. By reading a “hit” piece in the WSJ, you’re getting something that has been edited for “clicks” at least 3 times. My method is like drinking from the spring. The WSJ way is getting it with fluoride from the water district.

Ladies and gentlemen, reading OUR weekly posts is like getting Denver Real Estate News straight from the source. There has been no editing here. Now, let’s see what happened this week.

Over the last 7 days in Denver’s Residential Single Family Marketplace, this is what’s happened!

It wasn’t a bad week. Let’s keep it going into 2025, OK! Let’s see what has happened to the number of Total Active Listings below.

With just 9,006 Active Listings this morning, it is clear the market has reached its peak for 2024, and the number of Active Listings will be falling from here through the end of the year. It might be a good time for a buyer to find a “shopworn” listing at a lower price. The seller might just want out! On the other hand, it could be a very good time for a seller to come on the market right now to be the shiney new listing in the shopworn marketplace. It’s your choice!

As 2024 winds down to days rather than months, we have a few good things happening. The stock market is enjoying a “Trump Bump”, Crypto is running wild, and inflation is subsiding. On the other hand, mortgage rates are not falling, and income is not rising. These are the key factors for a home buyer. We still face the seller with a 3% mortgage. That seller is not giving up that rate for today’s 7% rates, thus inventory will stay at reasonable levels. The Conundrum Lives On!

As always, you can contact Dee at TheCryerTeam@Kentwood.com

Happy Thanksgiving! Get outside and enjoy life!

Fall is here! We’ve had our first snow in the mountains, and at least one or two ski mountains have carried some visitors to the top for a run. The leaves have changed, and now they are carpeting the streets with golden and red. and yellow medallions. It’s an exciting season.

Everyone is asking me, What’s Next? I have an opinion for you. Let’s start at the top. The US has an ocean of debt. These high rates are making that debt very expensive. If somehow, the FED is able to reduce the rates, then foreign monies might search for other investments rather than US Dollars. It is the proverbial “Catch-22”. The high rates sell dollars, but it also increases the cost of being a debtor.

Next, in one week, we will vote for a new president. The mainstream media would have you believe we are more divided than ever. We sell and list houses for all types of people. Every one of them has concern for the same things. Safe streets, good schools, employment, and access to the things of daily life. These likes concern everyone. In national rankings, when media outlets are ranked below Congress, we are all fighting for the truth. We are all finding our own source, and this may be where the “divide” originates. Who knows, but next week, we will have another seasonal change.

Buyers and Sellers continue to have the same questions. Should I wait until spring? “Rates will be better, supply will be better,” We don’t know that. I can tell you from a historical perspective that over the last 10 years, we have had voracious spring marketing numbers. But, we have had fall seasons with very low inventory, where buyers and sellers have done very well. Thus, the conundrum we discussed in our newsletter last week.

Let’s not dwell on the unknown anymore this morning and look at last weeks MLS numbers for the 11 counties making up the Denver Market Watch.

Let’s jump ahead to the Total Active Listings over the last 10 years. How does this market look in comparison?

We can see the Total Active Listings leveling off for the holidays. It will be interesting to see the results of this election, what it does to rates, how it affects buyer and seller optimism, and last but not least, how it will affect Colorado and, more specifically, the Denver Metro Area. By following us on a weekly basis by subscribing to MyTownCryer, almost every tuesday morning you will get our answers to your questoins.

Please keep in touch at TheCryerTeam@Kentwood.com

“Overpricing today is a stale listing tomorrow.”