NAR Chief Economist Speaks Out On Colorado Real Estate

Dr. Lawrence Yun, Chief Economist for the National Association of Realtors, recently spoke in Denver about the economy and home sales in particular. NAR has been lobbying congress about the importance of stabilizing home prices, which will then stabilize the assets of banks, insurance companies, investment firms, and individual homeowners. He is hopeful that the $8,000 credit to first time buyers will act as a strong stimulant to get these first time buyers "off the fence".



Dr. Yun showed statistics that demonstrate how much healthier Colorado's real estate markets are, especially when compared to the four problem states: California, Nevada, Arizona, and Florida. There is good evidence that Colorado has already bottomed out and should have a solid summer sales season. California, which has suffered a severe downturn, is now showing renewed activity. Lower priced California homes are selling well, with multiple bids becoming common. It may be at the "tipping point" where everyone jumps back into the market.



When asked about inflation, Dr. Yun said that inflation is inevitable, given the money being pumped into the economy, so interest rates will be driven up from their current, phenomenally low rates under 5.0%. Those that wait for home prices to drop or interest rates to drop further will probably miss the combination of low prices and low interest rates.



Colorado is a key growth market for real estate over the next 20 years. It continues to enjoy a strong net immigration rate, which should translate into increased demand for mountain resort real estate. He also talked about the influence of the baby boomers, many of whom are buying retirement homes. Mountain Realtors® have also seen the effect of the wealth transfer from the depression generation to the baby boomers, resulting in boomers buying mountain homes. While resort real estate sales have been slow the past couple months, there is pent up demand. The only real question is "when will the buyers get off the fence"?

Click Here for Dr. Yun's Presentation

A Much Needed Recycling Event!

Parker Towne Center
Electronics Recycling Event

Metro Brokers/Colorado Dream Properties is proud to host
a much needed event for the Parker area!

Get a new flat screen TV or monitor this Christmas?

Old computer sitting in your basement because you don't want to pollute the earth and toss it in a landfill?

Bring in your old electronics and do the right thing-Recycle them! It's not a free event but it's still better than the alternative!

When: Saturday, May 9th from 10AM to 2PM

What we will collect and the cost per item:

Computer monitors/TV’s under 20”, all laptops: $10
Computer monitors/TV’s over 20”: $20

Computer CPU’s, printers, fax machines,
Scanners, copy machines, typewriters: $8

Small Electronics: $5

What we will not collect: Kitchen appliances, washer/dryers etc.

Where: 11355 S. Parker Road, Suite 101, Parker, CO 80134






Guaranteed Recycling Experts (GRX) is partnering with us to collect and recycle everything collected. The company’s goal is to ensure that 100% of the e-waste it handles is actually recycled into raw materials for use in the manufacture of new products. This means that GRX:

-Recycles all the equipment it collects (no refurbishment/re-sales) and issue Electronics Disposal Compliance Certificates to customers
-Destroys all hard drive and storage devices and issues Certificates of Destruction to customers
-Does NOT export any hazardous waste material to developing countries
-Does NOT landfill or incinerate any hazardous waste material
-Rejects practice of exploiting low-wage prison labor in its demanufacturing operations

Go to http://www.GRXRecycles.com for more information.

Short Sale Heaven! Come and Get it!

GREAT OPPORTUNITY. GREAT LOT. STAINLESS S APPLIANCES. BEAUTIFUL FRENCH DOORS LEADING TO A LARGE PATIO. PRIVATE CUL-DE-SAC LOCAT ION. HUGE GREEN BELT ADJACENT TO PROPERTY. FINISHED BSMNT. VERY OPEN BRIGHT. WARM NUETRAL COLORS. READY TO MOVE IN.

Want to See Bargain Real Estate at its Finest!

How about a 200K price Reduction? Its a new home in Pradera in Parker Colorado. Its on a premium lot that will be hard to duplicate anywhere! And its in a world class golf community with awesome clubhouse and pool! Call me now to see it!!

The Time is NOW For First Time Home Buyers!

First Time Home Buyers Listen Up!

Avoid The Most Common Buyer Errors when Buying a Home in Parker Colorado, or anywhere in Colorado for that matter!


Shopping for a new home is an emotional experience. It's also time consuming and comes with a myriad of details. Some buyers, however, caught up in the excitement of buying a new home tend to overlook some items. Their home purchase turns into an expensive process. These errors generally fall into three areas:

Paying too much
Losing a dream home to another buyer
Buying the wrong home
When you have a systematic plan before you shop, you'll be sure to avoid these costly errors. Here are some tips on making the most of your home purchase:

Bidding without sufficient information
What price do you offer a seller for there Lexington South Carolina homes for sale? Is the seller's asking price too high? Is it a deal? Without research on the Lexington SC market and comparable homes, you could lose thousands of dollars. Before you make that offer, be sure you have researched the Local Lexington SC Real Estate market. A professional Realtor®, can offer an unbiased opinion on the value of a home, based on market conditions, condition of the home and neighborhood. Without knowledge of the market, your offer could be too much. Or worse, you could miss out on a great buying opportunity.

Buying a mis-matched home
What do you need and want in a home? Sounds simple. Yet, clearly identifying your needs and bringing an objective view to home shopping, leaves you in a better position. Sometimes, home buyers buy a home that is too large or too small. Perhaps they didn't consider the drive to work, the distance to school, or the many repair jobs waiting for completion. Plan ahead. Use your needs list as a guideline for every home you view.

Unclear title
Before you sign any document, be sure the property you are considering is free of all encumbrances. As part of their services, a realtor can supply you with a copy of the title to ensure there are no liens, debts, undisclosed owners, leases or easements.

Outdated survey
Before the purchase is completed, an updated survey is essential. This report will indicate boundaries and structural changes (additions to the house, a new swimming pool, neighbor's new fence which is extending a boundary line, etc.).

Unexpected repairs
For $300 - $500 a professional inspector will conduct a thorough inspection of the home. This way, you'll have an idea of the cost of future repairs. Make the final contract subject to a favourable report.

Shopping without pre-approval
It only takes a few days to get financing pre-approval. When you are shopping for a home, this gives you more power. A seller is more likely to consider an offer from a serious buyer.

Remember additional cost
Besides the funds for the purchase of a home, you'll need funds for items such as loan fees, insurance, legal fees, surveys, inspections, etc.

Rushing the closing
Before you sign, ensure that all documentation clearly reflects your understanding and conditions of the transaction. Has anything been forgotten? Don't rush. You could lose money, financing or even the sale.

Let me help you with a smooth transaction on any Parker Colorado home for sale!