Michael Clarkson is one of Denver's highest profile brokers. He’s been featured in Realtor® Magazine three separate times, Denver Post, Denver Business Journal, KOA Radio, KHOW Radio, and the Colorado Radio Network. Michael is a licensed Managing Broker in Colorado and a GRI (Graduate Realtor® Institute). He is also a partner in the firm, Cash Path Real Estate LLC. Michael has an MBA in International Business from Regis University in Denver.

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Friday, April 03, 2009

Real Estate Update - April 2009


"The Mile High Home Hunter"

Michael J Clarkson
April 2009
Real
Bringing The World Home To You - MileHighHomeHunter.com

Copyright © 2009 Realty Times
All Rights Reserved.





Five Ways to Wow Buyers

  These days, tax credits and high housing inventory make it a buyers' market. If you're a seller, don't despair. There are a variety of renovations that can help make your home stand out. Many buyers look at numerous homes when shopping for a house; so enhancing your home to make it more memorable is vital and increases the chances of a successful sale.
      Clearing clutter, taking down personal photos, applying a fresh coat of paint, making minor repairs, and keeping a pleasant aroma are all basic techniques to make your home more appealing. But there are a few other


Mortgage Rates
U.S. averages as of March 26, 2009:

30 yr. fixed:   4.85%
15 yr. fixed:   4.58%
1 yr. adj:        4.85%




View current rates





creative enhancements that you can do to wow buyers without emptying your wallet. The results not only attract more attention, but also paint a picture of a well-cared-for home.



My Featured Listings Are Seen By Over 100,000
Per Year!
Be One Of Them!


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Where Housing is Headed

     We received an important indicator of where housing is headed last month, when new mortgage applications for home purchases and refinances suddenly surged as they hadn't in months.
      Applications for FHA loans to buy houses were up by 10.4 percent. And overall home purchase applications jumped by 7.1 percent.
      Meanwhile mortgage interest rates dropped to their second lowest level in nearly two decades, according to the Mortgage Bankers Association. Thirty year fixed rates averaged 4.96 percent and fifteen year rated dropped to just 4.5 percent.
      Why's this important? New financing applications to buy homes obviously point to rising purchase contracts and closed sales in the months ahead. They also suggest that prices have hit a level in many markets that is attracting once-hesitant buyers off the sidelines.
      There's still another factor that's likely at work here as well: Congress's




What You Need to Know
to Buy a Home Today


     Don't let a sluggish economy get you down. There are reasons to shop for personal items—including a new home. I recently saw an advertisement for a new car that said you could return the car in the first year if you lose your job. While there may not be that incentive for homes yet, some other perks might give you reason to start your housing search.
      If you can afford to buy, consider making homeownership a goal this year, especially if you haven't owned a principal residence in three years prior to buying. The new stimulus package sweetens the deal for homebuyers who purchase a residence on or after January 1, 2009, and before December 1, 2009. The incentive is for first-time homebuyers who remain in their home for at least three years. It provides a credit for 10 percent of the home purchase price, up to an $8,000 limit. The credit can be taken on your 2008 or 2009 tax return.
      If you close on a home after the April 15 tax deadline, you can apply for an extension provided that you close on your home before the extension deadline of October 15. If you're extra speedy and have already filed your 2008 return, don't worry — you can file an amendment to claim the credit. You have three years to



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When Is It Time To Replace Your Roof?

     Red flags that signal it's time to replace your roof may be over your head.
      Sunlight permitting holes and bucket brigade-sized leaks are obvious signs it's time for a new topper for your home.
      There are however, additional indicators that may not be so obvious.
      "Certainly if your roof is approaching the end of its life cycle -- usually 20 – 25 years for asphalt shingles -- it's time to think about a new roof," says Ray Rosewall, president and CEO of DaVinci Roofscapes in Kansas City, KS.
      The National Association of Homebuilders says decorative slate, metal, masonry and newer synthetic roofs can have a life expectancy of 50 years or more.
      "However, a calendar shouldn't be the



Daily News and Advice

Read about the events shaping the Real Estate market today, find current interest rates, or browse the extensive library of advice and how-to articles written by some of the top experts in Real Estate. Updated each weekday.



More Articles


March Round Up: Rates Hit Another New Low

Investor Report: Refinancings

Seller's Home Appeal for Today's Market

U.S. Treasury: Mortgage rates As Low As 2 Percent



Michael J Clarkson, Realtor®
E-mail: MJ@MileHighHomeHunter.com
Website: www.MileHighHomeHunter.com
Phone: 303.317.2478

Mile High Home Hunter Realty
Phone: 303.317.2478
769 Jacques Way
Erie, Colorado 80516


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Wednesday, April 01, 2009

The Daily Dirt - Denver is a Top Ten Place to Live - DUH!!

Mile High Home Hunter Realty
04/2009 Vol 2, Issue 4.01
Current Poll:

How low do you feel 30-year fixed mortgage rates will go?

Click to cast your vote!!


Last Month's Poll:

When do you think is/will be the best time to buy your next home? 

Now                                             - 59%
1 - 3 months from now              - 12%
4 - 6 months from now              - 16%
6 - 12 months from now            - 00%
Over 12 months from now        - 24%
30 Year Mortgage Rates - Current Trend
Denver on list of 10 cities where Americans are relocating
Dear Blog,
 
Michael Clarkson 
If you have any feedback, please let me know (good, bad and ugly) at mj@milehighhomehunter.com  
 
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Denver on list of 10 cities where Americans are relocating
 
Money In Your Home
Wednesday, April 1, 2009, 1:35pm MDT

Forbes: Denver on list of 10 cities where
Americans are relocating

Denver Business Journal


Denver on list of 10 cities where Americans are relocating

Denver is one of 10 U.S. cities on a new Forbes magazine list of cities where Americans are relocating.

Denver ranked No. 10 on the list.

"Unemployment is on the rise, credit is tight, and consumers aren't spending - which means they aren't picking up and moving much either. Very few places in America saw significant population growth in 2008," Forbes said in its report.

"But the buzzing metropolitan area of Denver bucked that trend," Forbes added. "Its population increased by 2.17 percent in 2008. In 2007, it increased by 2.09 percent. In 2008, Denver was the 10th-fastest growing metro area in the U.S."

The Forbes report notes that Denver was listed as the most popular city in America in an October 2008 survey by the Pew Research Center, "so it's no surprise that this metro area still attracts newcomers."

It also cites lower unemployment rates in Denver than the national average.

The magazine based its list on U.S. Census Bureau data for population growth among metropolitan areas.

New Orleans, at No. 8, is a surprising entry on the list, but Forbes said the hurricane-ravaged Crescent City has been regaining population the last two years and rebuilding efforts are boosting employment.

The 10 cities on Forbes' list:
1. Raleigh, N.C.
2. Austin, Texas
3. Charlotte, N.C.
4. Phoenix
5. Dallas
6. San Antonio, Texas
7. Houston
8. New Orleans
9. Atlanta
10. Denver

Denver also recently ranked No. 14 on Forbes' list of the best U.S. places to do business.


 
"A pessimist sees the difficulty in every opportunity; an optimist sees the opportunity in every difficulty."  - Churchill
As always, whenever YOU are ready, I am here Selling Colorado...One Dream at a Time™     And, if you know of someone that is looking to buy or sell, I am NEVER too busy for any of your referrals.    
 
Kind regards and happy "Home Hunting",   
 
Michael J. Clarkson
 
Broker/Owner - Mile High Home Hunter Realty 
303.332.6393
MJ@MileHighHomeHunter.com     
 
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