gretchen

Politicians need to be very clear about one thing: Americans don’t want anyone messing with the popular mortgage interest tax deduction, according to the National Association of Home Builders.

The tax break is favored by the real estate industry but is the bane of most economists who consider it a waste of money amid concern about the federal budget deficit.

There are detailed proposals to replace the mortgage interest deduction with a tax credit targeted to entry-level More...

gretchen

The Bureau of Economic Analysis reported that its advance estimate place economic growth at a 2.5 percent annual rate during the third quarter, more than three times the pace of the first half of the year. The most important contribution to Gross Domestic Product was domestic aggregate demand, which rose 3.6 percent annualized, the second biggest quarterly gain in five years.

Some positive news also came from the latest retail sales report, which showed the fifth straight monthly More...

Lance

Mortgage Bailout Tab May Hit $259 Billion

The Denver Post reported on October 22nd that the government projects that the expensive bailout of Fannie Mae and Freddie Mac will cost the taxpayers as much as $259 billion.  That figure would be nearly twice the amount Fannie and Freddie have received so far.  To date, the rescue of the two companies has cost taxpayers $135 billion to the Treasury Department as dividends. 

By contrast, according to the Post article More...

Angela

We interviewed John Fitzpatrick, General Sales Manager for the Kentwood Company and Roger Campbell, President of the Kentwood Companies prior to the 2008 Real Estate & Economic Forum to get their take on Denver’s economy during these uncertain times. View their responses and insight More...

Lance

The Kentwood Companies’ Colorado Real Estate & Economic Forum attracted more than 1,000 current and past Kentwood clients, agents, and business affiliates interested in hearing from leading experts addressing a variety of topics. Held Tuesday, October 28^th at the DTC Marriott, the Forum showcased information presentations that mostly projected a solid future for More...

Angela

Many of you have been asking for copies of the presentation materials from Tuesday’s event. Below are links to download all of our Power Point presentations along with a copy of the program and handouts.

Click on the links below to download a pdf.

Kentwood Companies 2008 Real Estate & Economic More...

Lance

KCNC Channel 4 News lead the 10:00 evening news with a story yesterday heralding the success of the Kentwood Companies first Real Estate & Economic Forum, moderated by Peter Niederman, COO, Kentwood Companies. The story included a live shot in front of 478 St. Paul featured by More...

Lance

Channel 9 News, KUSA – interviews Steve Murray regarding a discussion about entry level housing.
Steve Murray is the editor of REAL Trends and lore Magazine the industry’s leading publication focused on the leaders of the real estate industry and president of Murray Consulting, Inc.  Murray has over 30 years experience in the residential real estate field. More...

Angela

Joe Blake, CEO of the Denver Metro Chamber of Commerce opened with a quote from Shakespeare, “All the world’s a stage and all the men and women merely players. As we look forward to the remaining of 2008 and 2009, we are all now on an uncertain stage. Business hates uncertainty.”

“Before the event, I was chatting with Bill Moore. He asked me to give us all some good news. There is some good news and some bad news. One of the things that we tend to overlook More...

Angela

David Mandarich, President & COO of Richmond American Homes jolted everyone out of their seats as he shouted, “Now is a better time, the best time to buy a house!!!! Let’s get excited! I’m so glad that I live in Denver, so proud to be part of this community.”

“What we experienced in 2005 & 2006 from local builders is a lot of overbuilding. We saw an interesting phenomenon during this time and had a lot of speculators. We saw a lot of people who came to More...