Property Flipping Seminar

Folks:

 

I normally post the updated market information to my blog on a monthly basis, usually by the 5th of each month, for the month looking back. However, due to the mention of this blog at the CAREI/William Bronchick Property Flipping Seminar, I am reposting some highlights for readers.

 

As we are about 10 days from the end of March, permit me to share the links for the previous months' information:

 

• February - This should be the first entry on my blog.   
• January - http://www.milehighmls.com/2008/02/mile-high-home-hunter-denver-market_03.html
• December - http://www.milehighmls.com/2008/01/denver-metro-market-trend-analysis_8418.html
• Response to the Case/Schiller Price Drop Survey - http://www.milehighmls.com/2008/02/daily-dirt-real-estate-news-update-from_26.html

 

 

Oh, by the way™

… if you know of someone looking for a Realtor® whose service is "Mile High" and would appreciate the level of service I provide, please call me with their name and business number and I will be happy to follow up and take great care of them.

 

 

Kind regards,

 

Michael

 

Michael J. Clarkson Broker Associate, GRI, MBA
Work: 1.303.403.2641 Mobile: 1.303.332.6393 Fax: 1.866.723.4337 Email: mj@milehighhomehunter.com IM: mjclarksondenver (MSN) Home Page RE/MAX Alliance 9737 Wadsworth Parkway Westminster, CO 80021 USA
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Property Flipper Seminar

Folks:

Welcome to my blog.

During the CAREI Property Flipping Seminar, this site was mentioned as a great resource for market data. I would also offer my investors' site: http://www.milehighforeclosure.com

where you can find pre-canned searches for distressed properties in the Denver MLS.

State of the Market data is published community by community the first week of every month. Deeper dives can be done on request to mj@milehighforeclosure.com .

In this blog, you can find prior month's data under the title "Denver Metro Markets - State of the Market", posted approximately between the 1st and 3rd of each month.

I will be posting links to those prior months' data by 8 pm Mountain Time.

Kind regards,

Michael Clarkson
Sent via BlackBerry from T-Mobile

The Daily Dirt - Real Estate News Update from Michael Clarkson

Issue 08-03.21 March 2008 Fill Your Easter Basket With Some Good Deals!   Remember, it's only a "Buyer's Market" if you are buying, if you aren't, it's just lost opportunity Dear Mile,   New Home Builder Deals for Easter Weekend -- "Hop to it!"   For more information, please click to www.MileHighMLS.com or www.MileHighHomeHunter.com   Did you know...? Builders encourage Buyers to have a professional real estate broker working with them. Put my experience to work for you! My professional experience has helped clients save on their home purchase and helped them sell their present home. Here are some homes that are on special presently. Please let me know if I can be of assistance in your purchase.         As always, whenever YOU are ready, I am here Bringing The World Home To You™   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 Clarkson RE/MAX Alliance 303.403.2641 MJ@MileHighHomeHunter.com   On the web: www.MileHighHomeHunter.com www.MileHighForeclosure.com www.MileHighMLS.com   Payment Calculators Apply for a Loan - Contact Betsy Burns   Apply for a Loan - Contact Brian Crowder Do YOU Need a Reliable Referral? Visit people I trust:  www.MileHighReferrals.com Just Listed Check Out The Featured Listings Market Statistics Homes With Incentives Join My Client Appreciation Program Quick Links Search the MLS Foreclosure Homes My Blog Latest Video News Email me Michael Clarkson Realtor® GRI RE/MAX Alliance 9737 Wadsworth Parkway 303.403.2641 www.MileHighHomeHunter.com MJ@MileHighHomeHunter.com

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The Daily Dirt - Real Estate News Update from Michael Clarkson

Issue 08-03.18 March 2008 FOMC Slices Key Interest Rate Dear Mile,   FOMC Slices Key Interest Rate   For more information, please click to www.MileHighMLS.com   See the full story   Tuesday, Mar. 18 2008 FOMC Slices Key Interest Rate by 0.75%; Fed Funds Rate Now 2.25%   Dunstan Prial, Ken Sweet FOXBusiness     The Federal Reserve on Tuesday continued its determined efforts to ward off a recession or worse by slashing three-quarters of a point off a key interest rate. The move clearly reflects the Fed's belief that it needs to do all it can to help alleviate fears that the economy has fallen and can't get up. Prior to the announcement, economists and Wall Street traders were in disagreement over the size of the Fed's move. But few believed the Fed would swerve from its aggressive approach toward righting the recent economic downturn.  "Fed officials are in full crisis mode and are striving to prevent a collapse," said Maury N. Harris, chief economist at UBS. The 75 basis point cut will translate immediately into lower rates for consumers and businesses as banks cut their prime lending rate by a similar amount. Interest rate cuts are designed to prompt spending and push a stagnant economy toward growth. "We're in the middle of the worst part of the recession," said John Silvia, chief economist for Wachovia. The federal funds rate, the interest that banks charge each other on overnight loans, now stands at 2.25%, down from 4.25% at the beginning of the year. That was before global market turmoil in January prompted an emergency three-quarter-point cut on Jan. 22 and a half-point move eight days later, the biggest reductions in a single month in more than a quarter-century. Stock markets, which had surged earlier Tuesday in anticipation of the cut and on decent earnings from two high profile banks - Lehman Brothers and Goldman Sachs, pulled back. Financial markets have see-sawed in recent days, jarred by the collapse of Bear Stearns Cos., the nation's fifth largest investment house, which was undone primarily by bad bets on investments tied to now toxic subprime mortgages. Good news came in the form of JPMorgan Chase & Co.  decision to purchasing Bear Stearns at a fire-sale price on Sunday in a deal helped along with a pledge that the Fed would supply a $30 billion line of credit to back up Bear Stearns' assets. That offer over the weekend was the latest move by a central bank that has been pulling out all of the stops, including using Depression-era procedures, to pump cash into the financial system. "There is no reason for the Fed not to be aggressive," Mark Zandi, chief economist at Moody's Economy.com told the Associated Press. "The economy is in a recession, the financial system is in disarray and inflation is low." In other moves, the Fed last week announced that it would lend up to $200 billion of Treasury securities that it owns to investment banks starting March 27 for a period of up to 28 days in return for a like amount of the investment banks' shunned mortgage-backed securities. The Fed also announced recently that it was boosting the size of special loans it has been making since December to commercial banks. The scale of these actions underscored the threat facing the economy from a severe credit squeeze that began with a wave of defaults on subprime mortgages last year but has now spread to other parts of the credit markets, triggering multibillion-dollar losses by some of the country's largest financial institutions. Since last fall, when the first rate cuts occurred, the Fed has shown an increasing willingness to move swiftly and broadly to offset crumbling markets. Tuesday's action might not be its last. "I don't know where the floor is and I don't think the Fed knows either," said Stuart Hoffman, chief economist with PNC Financial Services Group. As always, whenever YOU are ready, I am here Bringing The World Home To You™   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 Clarkson RE/MAX Alliance 303.403.2641 MJ@MileHighHomeHunter.com   On the web: www.MileHighHomeHunter.com www.MileHighForeclosure.com www.MileHighMLS.com   Payment Calculators Apply for a Loan - Contact Betsy Burns   Apply for a Loan - Contact Brian Crowder Do YOU Need a Reliable Referral? Visit people I trust:  www.MileHighReferrals.com Just Listed Check Out The Featured Listings Market Statistics Homes With Incentives Join My Client Appreciation Program Quick Links Search the MLS Foreclosure Homes My Blog Latest Video News Email me Michael Clarkson Realtor® GRI RE/MAX Alliance 9737 Wadsworth Parkway 303.403.2641 www.MileHighHomeHunter.com MJ@MileHighHomeHunter.com

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The Daily Dirt - Real Estate News Update from Michael Clarkson

Issue 08-03.17 March 2008 Market Anticipates Key Fed Rate to Drop to 2% in Upcoming Meeting (See Bloomberg.com story here) Dear Mile, This is a big week in Finance and Real Estate.  We have the upcoming Fed Open Market Committee Meeting starting on the 18th; expect some key announcements on the 19th.   Fed Rate Cut Expected   For more information, please click to www.MileHighMLS.com    Rate Cut Expected   Financial markets are pricing in an estimated drop in the Fed Funds Rate to 2% will be announced in the upcoming Fed Open Market Committee Meeting.  The next meeting takes place March 18, 2008, with minutes - and the rate announcement - being released the second day of the meeting. So, expect some news on March 19, 2008, likely around lunchtime, Denver time.     If the market is correct and the Fed drops the Fed Funds Rate to 2%, it will represent the lowest rate since November 10, 2004.  The Fed Funds Rate is at a multi-year low of 3%, the lowest since May 3, 2005.     See the history of the Fed Funds Rate here:     http://www.federalreserve.gov/fomc/fundsrate.htm   The following excerpt is from Bloomberg.com:   Investors expect the Fed to lower its separate benchmark rate by as much as a percentage point, to 2 percent, when policy makers meet tomorrow. That would exceed the 0.75-point emergency reduction on Jan. 22, which is the largest since the overnight interbank lending rate became the main tool of monetary policy about two decades ago. Yesterday's steps indicate the Fed is increasingly concerned about the investor exodus from mortgage debt, which threatens to deepen the housing contraction. The central bank on March 11 announced it will for the first time lend Treasuries in exchange for debt that includes mortgage-backed securities held by dealers to facilitate market- making. It holds about $713 billion of Treasuries on its balance sheet. On March 7, the Fed said it would make $100 billion available through repurchase agreements, where the Fed loans cash in return for assets including mortgage debt issued by Fannie Mae and Freddie Mac. New York Fed President Timothy Geithner said on the call that ``this is designed to help get liquidity to where it can help play an appropriate role in helping address the range of challenges facing particularly asset-backed securities markets.'' Fed governors agreed that the ``unusual and exigent circumstances,'' as stated in the Federal Reserve Act, existed for approving the lending to primary dealers, a Fed official said on the conference call. The actions were approved by all five members, a Fed official said. As always, whenever YOU are ready, I am here Bringing The World Home To You™   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 Clarkson RE/MAX Alliance 303.403.2641 MJ@MileHighHomeHunter.com   On the web: www.MileHighHomeHunter.com www.MileHighForeclosure.com www.MileHighMLS.com   Payment Calculators Apply for a Loan - Contact Betsy Burns   Apply for a Loan - Contact Brian Crowder Do YOU Need a Reliable Referral? Visit people I trust:  www.MileHighReferrals.com Just Listed Check Out The Featured Listings Market Statistics Homes With Incentives Join My Client Appreciation Program Quick Links Search the MLS Foreclosure Homes My Blog Latest Video News Email me Michael Clarkson Realtor® GRI, MBA RE/MAX Alliance 9737 Wadsworth Parkway 303.403.2641 www.MileHighHomeHunter.com MJ@MileHighHomeHunter.com

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