My remarks in Bloomberg

Bloomberg recently published a piece that mentioned Colorado Real Estate:

Plummeting Income Shaves Household Cash
By Frank Bass and Timothy R. Homan - Dec 7, 2011 10:00 PM MT
http://www.bloomberg.com/news/2011-12-08/plummeting-income-from-investments-shaves-u-s-household-cash.html

Prices for existing U.S. homes fell over the decade in one of five U.S. counties, according to data compiled by Bloomberg. Pitkin County, Colorado, homeowners were hardest hit. The median value of a home in the central Colorado county, home to the Aspen/Snowmass ski complex, fell $304,800, almost 10 times the decline in Oakland County, Michigan, the second-biggest loser.

The median sales price was $1.2 million for the 63 homes sold during the third quarter of 2010 in the Aspen area, said Ryan McMaken, chief economist for the Colorado Division of Housing. During the third quarter of 2011, 68 homes were sold with a median sales price of $637,000, he said.

“There aren’t a lot of fire sales, but there hasn’t been the sort of demand that existed prior to the financial crisis,” McMaken said. “It’s pretty clear there have been some declines.”

9News, November 16

9News picked up our October foreclosures release.

Fox 31, November 8

Fox 31 picked up our release on 3rd Q foreclosures.

On 9News, September 15

9News picked up the August release on foreclosures.

Interview with Colorado Public Radio

Interview with Colorado Public Radio, August 11, 2011

Reporter: Which means the future’s bright for buyers who are looking to rent out their investment. Competition for single family homes will likely drive rents higher. Ryan McMaken is an economist with the Colorado Division of Housing. He says that competition for rentals could be a lasting effect of the recession.

Ryan McMaken: People who want to rent houses or live in a single family house they can’t afford to buy one right now, they don’t have the down payment they don’t have the credit rating and so on they’re going to rent instead.

9News invited me in to discuss the second quarter foreclosure stats for Colorado. The story is here.

Fox31 covers the latest report on apartments

Fox31 stopped by to interview me on the latest apartment vacancy and rent report. Here's the story.