Life Style Denver by Gretchen Faber

What the Fed Wants Buyers to Do

The Federal Reserve kept the Fed Funds Rate low again yesterday in their monthly meeting.  This rate is used for banks as a benchmark for their overnight lending to each other, and is a short-term rate. Mortgage rates track with the bond market, and not the Fed Funds Rate, however, conventional wisdom suggests that the Federal Reserve governors feel that inflation isn't yet a risk, and that rates should remain low to keep the recovery moving forward. With rates low for, "an...Continue Reading!

Gretchen Faber Named 2009 REALTOR of the Year at the Denver Board of REALTORS

DENVER – Gretchen Faber, managing broker of The Kentwood Company at Cherry Creek, has garnered the prestigious “Realtor of the Year” award from the Denver Board of Realtors (DBR). Faber was honored during the DBR’s 121st Annual Inaugural Celebration held September 11th at Coors Field. The recipient of the coveted award must exemplify sincere dedication to the real estate profession, possess strong leadership skills that are reflected in his or her business achievements, be actively involved in civic...Continue Reading!

Denver Colorado Real Estate | August 2009 Market Statistics

When looking at trends in anything, you want to take in the big picture, and then boil it down as necessary. Real Estate in Denver is certainly showing a definite trend in the amount of inventory available. Month after month this year, we've experienced a depletion in homes for sale.  In August, we're at a low we haven't seen since at least 2004, (my reporting doesn't go back any further than 1/05.) There are only 3 months in these past 5...Continue Reading!

Denver’s Dog Love Affair

My sister often says, "you can't live in Denver without owning a dog!" She's only half exaggerating. Her two passed away a few years ago, and with a traveling job and two young children, she's decided to hold off on adopting another. I married a cat person, and since my dogs were also long departed, it made no sense to add more chaos into our blended family.  Actually, my husband is an animal person in general, he just so happened to have...Continue Reading!

Mortgage Caution – Delays in Closings Will Happen!

A broker in my office came to me yesterday with some questions about a seller's recourse if the loan doesn't fund at closing. Colorado is a "table closing" state, and our contract expressly states that the buyer must attend the closing with all moneys and documents.  This means that if a closing is at 4 p.m. on a Wednesday, as this broker's closing was, the buyer and the buyer's lender must perform under the terms of the contract at 4 p.m. This...Continue Reading!