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This Months Dose of Real Estate Wisdom (and Fun!) |
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* While lower rates would fuel housing markets more than anything, a growing economy is equally important: US GDP Growth has outperformed expectations, based on a combination of government spending, increased immigration and resilient consumer demand. Recent estimates point towards slowing growth in 2024, but above 1%. Economists now believe inflation will dip to 2,54% by the end of this year. (WSJ) * Construction of new homes fell 14.7% in March, as home builders scaled back new projects. The pace of construction slowed as builders contended with higher mortgage rates sapping demand. Housing starts fell to a 1.32 million annual pace from 1.55 million in February, the government said Tuesday. (Marketwatch) * Applications to refinance a home loan jumped 10% for the week and were 4% higher than the same week one year ago. Applications for a mortgage to purchase a home fell 5% for the week and were 23% lower than the same week one year ago. (CNBC) * Data centers accounted for about 2.5% of U.S. electricity in 2022 and are expected to make up more than 20% by 2030. Artificial intelligence is magnifying this demand. (WSJ) * In 2017 Tech companies leased around 33 million square feet of new office space....that dropped to a little over 26 million square feet in 2020....in 2023 that dropped to about 23 million square feet. The 168.4 million square feet of office space for sublease in the first quarter was down slightly from the fourth-quarter 2023 peak but up almost threefold from early 2019. (WSJ) * Legal pressure is mounting on property-management software company RealPage facing allegations that it illegally fixes apartment rent prices at buildings across the U.S. via an algorithm using data not available to the public to help raise rents. State and district attorneys general in Arizona and Washington, D.C., are suing RealPage, and more than a dozen of its landlord customers. (WSJ) Get your daily dose of the #303FYI on our Instagram and Facebook pages. If you want our perspective and opinion on any real estate market data, send us an email, text, or check our social media! |
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Here's a roundup of the opening days for some of Colorado's beloved farmers markets: May 4th: Cherry Creek Fresh Market May 4th: City Park Farmers Market May 5th: Fort Collins Farmers Market May 5th: South Pearl St Farmers Market May 19th: Highlands Farmers Market (W 32nd Ave) June 1st: Golden Farmers Market June 2nd: Belleview Station People + Produce June 2nd: Arvada Farmers Market June 2nd: Westminster Orchard Farmers Market June 7th: Telluride Farmers Market June 8th: Aspen Saturday Market June 8th: Steamboat Springs Market June 9th: Breckenridge Sunday Market June 16th: Vail Farmers Market Mark your calendars, gather your reusable bags, and get ready to savor the flavors of the season while supporting local farmers and artisans. Did I leave out your favorite from my list? Let me know what farmers market you adore and maybe I'll see you there! |
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Oliver & Millie's Fun Facts |
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Spring is in the Air! |
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* Meteorologists have different views on when spring begins: Meteorologists divide the year into four equal seasons, with each season starting on the first day of every third month. For them, spring begins on March 1 and lasts until May 31, regardless of when the equinox happens. * Spring fever: Spring fever is a real thing . * Birds learn to sing: Birds are more vocal in the spring to attract mates and warn away rivals. * Tornadoes: Tornadoes occur more often in the spring. * Bees swarm: Honeybees are more likely to swarm in the spring. * Eiffel Tower grows: The Eiffel Tower can expand by up to 6 inches in the spring because iron expands when it heats up. * Sense of smell improves: Studies show that people's ability to detect smells improves in the spring. |
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The Lighter Side... "Three Truths and a Lie" T hree of these headlines are real and one is faker than a Homeowner loving their HOA. Can you spot the odd one out? 1. Gas-station heroin’ sold as dietary supplement alarms health officials 2. The ‘Chicago Rat Hole’ is the city’s hottest new tourist attraction 3. HR Employees are more likely to have septum piercings than those in other roles |
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Brain Teaser #BigBrain Challenge |
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Play the #BigBrain challenge by replying to this email, sending a text, or via social media for your chance to win some #303HomeTeam swag! |
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Get Your Homebot |
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We are excited to provide you a FREE monthly snapshot of your Home Equity and Wealth Building Potential! Learn how to increase your homes value, how to reduce your mortgage expense, and even some education on investing in real estate. Creating, Building and Preserving wealth through Real Estate is what we do! Let us show you how! |
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Ultra Luxury Around the US |
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