the realtors

HOW TO THRIVE IN A RECESSION

06/07/202321/04/2025dansa

As we find ourselves on the brink of an economic downturn, it’s normal to be experiencing a little anxiety. The headlines are dominated by news of job losses, syndication deals not meeting projections, and businesses closing up shops, all painting a pretty grim picture of the financial landscape.

The fear many have in times of economic uncertainty often stems from not knowing the future. However, history has shown that those with the right mindset and strategy can succeed during these downturns. Some even look forward to such challenging times with excitement and optimism.

I believe that as a community, we can do better.

We can choose to face these challenges bravely. The key is not just surviving a recession, but to thrive by having a healthy mindset that embraces challenges and perceives this season not just as a crisis, but as an opportunity.

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1. Recognize the Reality: Embrace the Economic Winter

Last year the GDP showed multiple quarters of negative growth. The last few months have seemed split – tons of negative news and at the same time showing some positive signs (S&P 500 approaching a fresh 52-week high).

To

Man Dies of Stroke After a Realtor Failed to Call Help

07/04/2023dansa

Randy Vaughan suffered a stroke at home in North Carolina and later died in a hospice.
A realtor had seen him lying on the floor of his home but had not called for help.
The realtor wrote in a report that he was unsure if Vaughan was dead or had drunk too much.

The family of a 69-year-old man is calling for an investigation into his death, saying he suffered a stroke and a real estate agent saw him on the floor but left without helping.

Randy Vaughan from North Carolina was found unresponsive in his home on February 14 after his family became concerned that he had not called to wish his grandson on his birthday, the Winston-Salem Journal newspaper reported.

It was determined that he had suffered multiple strokes and developed pneumonia, and the family had to move him to hospice care, where he later died on February 22.

His family later learned that a realtor had visited the house in High Rock Lake the previous day for a showing and heard him grunt

Limited supply keeps Colorado’s housing market off balance

18/03/2023dansa

Colorado homebuyers continue to struggle with an ongoing housing shortage.

Although the Denver metro area experienced an inventory increase from 2475 active listings in February 2022 to 4108 last month, the housing market remains unbalanced, according to the Colorado Association of Realtors February report.

Last month, the monthly supply of houses statewide was just over one month, and while that’s a 120% year-over-year increase, there is still a need for more homes to meet demand.

“With supply remaining low — up four times the amount from this time last year but still 75% short of anything resembling a balance of supply and demand — one would hope that more inventory and lower prices would be a positive development for the buyers who just want to get into a good home,” Realtor Matthew Leprino said in the report.

Prices tick up

Statewide, single-family homes recorded a median price jump of 3.1%, rising from $520,000 in January to $536,000 in February.

The number of homes sold statewide dropped last month compared to February 2022 — 4,231 properties changed hands — a drop of about 20% from a year ago.

In the Denver metro area, 2537 homes sold in February 2021 — down