CIA WHISTLEBLOWER WARNS: FEDERAL RESERVE IS ‘OUT TO GET PRESIDENT TRUMP’

Central bank will ‘manipulate 2020 election and make any recession look like Trump’s fault and not the Fed’s fault,’ says Kevin Shipp.

Jamie White | Infowars.com – AUGUST 19, 2019

1

The Federal Reserve has been using its central bank powers in an attempt to tank the economy to blame President Trump and manipulate the 2020 election outcome, according to CIA whistleblower Kevin Shipp.

“He [Trump] has got the Fed shaking in their boots. When the Fed gags its board of directors and its members, that is not good,” Shipp said on “USA Watchdog” with Greg Hunter on Saturday.

“Something not good is going on. Perhaps they are bringing the interest rates down to zero. Perhaps it’s the fact we are entering into, not only U.S., but a global recession. So, they have put the lid on any comments coming out, and I think they have done it for a reason that is concerning…”

“Trump is at war with the Fed, and the Fed has put a lid on all its people. It’s a gag order to keep its people from talking about what the Fed plans to do,” he continued.

Trump Hits Federal Reserve As ‘Most Difficult Problem’ Facing US

CIA Whistleblower Warns: Federal Reserve Is ‘Out To Get President Trump’
IMAGE CREDITS: CAROLINE BREHMAN/CQ ROLL CALL.

The Federal Reserve has been using its central bank powers in an attempt to tank the economy to blame President Trump and manipulate the 2020 election outcome, according to CIA whistleblower Kevin Shipp.

“He [Trump] has got the Fed shaking in their boots. When the Fed gags its board of directors and its members, that is not good,” Shipp said on “USA Watchdog” with Greg Hunter on Saturday.

“Something not good is going on. Perhaps they are bringing the interest rates down to zero. Perhaps it’s the fact we are entering into, not only U.S., but a global recession. So, they have put the lid on any comments coming out, and I think they have done it for a reason that is concerning…”

“Trump is at war with the Fed, and the Fed has put a lid on all its people. It’s a gag order to keep its people from talking about what the Fed plans to do,” he continued.

“I think it is tied to an upcoming global recession, and we may see quantitative easing (money printing) rates go to zero, and they don’t want the President or the public to know what they are about to do,” Shipp added.

The Fed’s attempts to ruin Trump are obvious given how it behaved during Obama’s presidency, such as its excessive money-printing policies and holding interest rates at 0% for most of Obama’s tenure.

“So, it is apparent the Fed waited until Trump was elected to start hammering and pounding on the economy, which apparently they did not want to do under Obama,” Shipp said. “Can you raise the suspicion that the Fed is against Trump or that the Fed is trying to take the credit for the economy away from Trump? I think that appears to be entirely possible…”

“Trump has said it exactly right, it’s a war between Trump and the Federal Reserve, which, of course, is not federal and it has no reserves…

The Rest of The Story Below

CIA Whistleblower Warns: Federal Reserve Is ‘Out To Get President Trump’

Gerald Celente Special – The Greatest Depression, The Panic is On

Friday, August 16, 2019

1

Gerald Celente walks us through current events and the recent down turn in the markets.

The stage is set, the war has begun. The next Depression is going to be the Greatest Depression in history.

The biggest threat to the U.S. is the United States insiders. (Elected Officials)

Listen to Gerald as he summarizes what’s to come in the days and months ahead and what you can do to prepare.

Things Are Down Because There’s No Sense Of Urgency, Everyone Is Waiting For A Better Deal

August 13, 2019 Ben Jones

From 5280 in Colorado. “After years of red-hot real estate, Denver’s housing market has been slowly cooling off over the past year. And in July, that trend continued, with buyers gaining more power to negotiate the terms of their home purchases. ‘It seems like all of a sudden, we got a number of people to put their property on the market [in May and June] that had been hesitant to,’ says local realtor Jill Schafer. ‘That kind of broke the logjam because a lot of people weren’t listing their homes because they didn’t know where they’d be able to move to.’”

“The pool of new residential listings was down more than 12 percent from June, but still up more than 16 percent compared to this time last year. Schafer attributes this partly to an increase in new construction across the Front Range, but also to the number of active listings in May and June being at their highest point in five years.”

“While the market is still strong, Schafer points out that buyers appear to be shifting their interests to the city’s new developments. Builders have reported an increase in interest and foot traffic, and are often able to make more concessions and offer different incentives than existing home sellers, particularly those with older homes that haven’t undergone extensive renovation, Schafer says. ‘Some of the new projects that have come on line are filling up some of our needs,’ she adds, ‘but they are hurting some of our older inventory. New condos downtown might be selling like hotcakes, but the ones around it that are maybe 10 to 15 years old are kind of struggling.

‘”

Denver Inches Closer to a Balanced Housing Market

The Entire Article Can Be Accessed Below:

Things Are Down Because There’s No Sense Of Urgency, Everyone Is Waiting For A Better Deal

This Is The Same Pattern The Fed Followed Before The Great Depression

Friday, 09 August 2019 by Brandon Smith

1

There is immense confusion surrounding July’s Federal Reserve meeting and the rather insane aftermath that has been spurred on in the trade war. The Fed’s latest rate decision of a mere .25 bps cut was seen as “disappointing”, this was then followed by Jerome Powell’s public statements making it clear that this was only a mid-year “adjustment”, and that it was not the beginning of a rate cutting cycle and certainly not the beginning of renewed QE. This shocked the investment world, which was expecting far more accommodation from the Fed after 7 months of built up expectations that the central bank was about to unleash the stimulus punch bowl again.

The question that very few people are asking, though, is why didn’t they? What is stopping them? Everyone from daytraders to the president wants them to do it, yet they continue to keep liquidity conditions tight. In fact, they even dumped another $36 billion in assets from their balance sheet in July. Why?

Keep in mind that the latest Fed decision does two things: First, it is an indirect admission that the U.S. is entering recession territory. Second, it is also an admission that the Fed doesn’t plan to do anything about it, at least, not until it’s too late. In other words, all those people who thought the central bank was about to kick the can on the current crash in economic fundamentals were mistaken. As I have been predicting for many months, the Fed has no intention of trying to delay the effects of negative conditions any longer. The crash is now a reality that the mainstream will have to accept.

In order to understand why the Fed is withholding liquidity at this time instead of opening the floodgates, it is important to understand central banker motives. First and foremost, the assumption that the Fed is always concerned with keeping the financial system afloat is incorrect. The Fed has allowed the U.S. system to crash multiple times in its 106 year history. In truth, the Fed has created bubble after massive bubble through stimulus and low interest rates, and then crashed these bubbles using liquidity tightening policies.

The latest example of this is the most egregious – The Everything Bubble conjured in the past decade is the largest and most destructive bubble ever devised. To find anything similar, we have to go all the way back to the onset of the Great Depression.

In 1922-1923, the Fed instituted what was then called the Open Market Investment Committee (later replaced by the Federal Open Market Committee); what some people today might call a “Plunge Protection Team”. The public rationale for this development was to help the Fed enact “monetary policy” which would allow them to stabilize the economy and markets after the recession/depression of 1920-1921. Using the OMIC, the Fed directly influenced the economy, stock markets and credit conditions by artificially lowering interest rates and purchasing government securities and other assets throughout the 1920s.

At first this kind of monetary interventionism in the economy seemed to be working spectacularly. From 1924 onward, the Dow Jones climbed relentlessly higher and recessionary conditions, at least on the surface, seemed to disappear. There were even assertions by economists of the day that recessions and depressions were a “thing of the past”, as were stock market crashes. Sound familiar…?

At the time, short term, long term and overnight lending rates remained relatively low in comparison to the high rates exhibited during the 1920 depression. The Fed stimulated through open market purchases all the way up to 1928. It was then that a sudden and significant shift occurred. The Fed began to deliberately tighten conditions in order to deflate the bubble they created. The Fed hiked interest rates and sold off assets from their balance sheet.

The Fed’s own historic accounts are muddy on this event, yet they do admit that the goal of the central bank was to restrict liquidity in order to disrupt credit conditions that were allowing speculation to thrive. To this day Fed officials act as though they are unaware that their efforts to stimulate actually created financial bubbles. And to this day, they still act as though they are unaware that tightening policy into economic weakness has a tendency to cause those bubbles to implode.

The Rest of The Article Here

More Sellers Lower Asking Prices To Entice Increasingly Finicky Buyers, It’s Part Of A National Trend

August 7, 2019 by Ben Jones

A press release from Redfin. “Eleven percent of offers nationwide faced a bidding war in July, down from more than 45 percent a year earlier, according to Redfin. The national bidding war rate hasn’t surpassed 15 percent since November 2018, after falling steadily from a peak of 59 percent in March 2018. ‘On a local level, it’s noteworthy that some of 2018’s fiercely competitive markets—San Jose, Seattle, Los Angeles—have seen their bidding war rates plummet the most year over year. Home prices in these expensive markets have also been falling annually,’ said Redfin chief economist Daryl Fairweather.”

“The bidding war rate in San Jose was just 13.3 percent, and in Seattle, the rate was only 7.8 percent. Miami was the least competitive market in July, with just 1.3 percent of the offers submitted by Redfin agents facing competition. Miami was followed by Houston (4.8%), New York (6.3%), Dallas (6.6%) and Las Vegas (7.3%).”

From Vegas Inc in Nevada. “At the end of last month, the association reported that just over 7,800 houses in the Las Vegas Valley were on the market without an offer, a 63% increase from July 2018. For condos and townhouses, 1,864 units were for sale with no offers at the end of last month, up 112% from July 2018.”

“‘By having an increase of homes on the market, that just means there’s more inventory coming on than the people coming from out-of-town who are trying to buy everything up,’ said Tom Blanchard, who will serve as president of the GLVAR next year. ‘There’s more homes left over right now for those of us who live here and are trying to find a house.’”

From 9 News In Colorado “Denver‘s current housing inventory has some homebuyers pushing sellers on price and inspection repairs. ‘Homebuyers are flexing some muscle in a way they haven’t been able to in recent years,’ said Lane Lyon, a licensed Realtor and managing broker at Coldwell Banker.”

“Increased housing inventory is the reason many buyers are being a bit more nit-picky when it comes to home purchases in the Denver area. Lyon said the number of available homes and condos is more than 20 percent higher compared to last year. Buyers are shopping around and taking longer to make a decision in many cases which is resulting in more days on market for sellers.”

The Rest Of The Story At The Link Below:

More Sellers Lower Asking Prices To Entice Increasingly Finicky Buyers, It’s Part Of A National Trend

DARK TO LIGHT: Time To Settle The Score

FOURTH TURNING ECONOMICS (PART TWO)

By https://www.theburningplatform.com

In Part One of this article I laid out the unsustainable economic conditions which will drive the next phase of this Fourth Turnings and detailed the economic factors which drove the previous three American Fourth Turnings.

1

Strauss and Howe, when writing The Fourth Turning in 1997, did not know the exact circumstances and events which would propel the next Turning. But their study of economic and demographic trends along with the attitudes of generations and historical precedents in prior Fourth Turnings, led them to conclude the driving factors of this Crisis would be debt, global disorder and civic decay.

As I watch what is currently happening in this country and around the world, it is evident to me they nailed it. The volcanic eruption in 2008 unleashed a torrent of molten lava, which continues to flow along channels of distress, but is currently threatening to burst free of these channels and wreak worldwide financial and physical devastation. A multitude of possibilities described by Strauss and Howe below are already happening or will happen in the next few years.

“Imagine some national (and probably global) volcanic eruption, initially flowing along channels of distress that were created during the Unraveling era and further widened by the catalyst. Trying to foresee where the eruption will go once it bursts free of the channels is like trying to predict the exact fault line of an earthquake. All you know in advance is something about the molten ingredients of the climax, which could include the following:

Economic distress, with public debt in default, entitlement trust funds in bankruptcy, mounting poverty and unemployment, trade wars, collapsing financial markets, and hyperinflation (or deflation)

Social distress, with violence fueled by class, race, nativism, or religion and abetted by armed gangs, underground militias, and mercenaries hired by walled communities

Political distress, with institutional collapse, open tax revolts, one-party hegemony, major constitutional change, secessionism, authoritarianism, and altered national borders

Military distress, with war against terrorists or foreign regimes equipped with weapons of mass destruction”

The Fourth Turning – Strauss & Howe

In Part One of this article I laid out the unsustainable economic conditions which will drive the next phase of this Fourth Turnings and detailed the economic factors which drove the previous three American Fourth Turnings.

Image result for fourth turning crisis

Strauss and Howe, when writing The Fourth Turning in 1997, did not know the exact circumstances and events which would propel the next Turning. But their study of economic and demographic trends along with the attitudes of generations and historical precedents in prior Fourth Turnings, led them to conclude the driving factors of this Crisis would be debt, global disorder and civic decay.

As I watch what is currently happening in this country and around the world, it is evident to me they nailed it. The volcanic eruption in 2008 unleashed a torrent of molten lava, which continues to flow along channels of distress, but is currently threatening to burst free of these channels and wreak worldwide financial and physical devastation. A multitude of possibilities described by Strauss and Howe below are already happening or will happen in the next few years.

“Imagine some national (and probably global) volcanic eruption, initially flowing along channels of distress that were created during the Unraveling era and further widened by the catalyst. Trying to foresee where the eruption will go once it bursts free of the channels is like trying to predict the exact fault line of an earthquake. All you know in advance is something about the molten ingredients of the climax, which could include the following:

Economic distress, with public debt in default, entitlement trust funds in bankruptcy, mounting poverty and unemployment, trade wars, collapsing financial markets, and hyperinflation (or deflation)
Social distress, with violence fueled by class, race, nativism, or religion and abetted by armed gangs, underground militias, and mercenaries hired by walled communities
Political distress, with institutional collapse, open tax revolts, one-party hegemony, major constitutional change, secessionism, authoritarianism, and altered national borders
Military distress, with war against terrorists or foreign regimes equipped with weapons of mass destruction”
The Fourth Turning – Strauss & Howe

The economic, social, political, and military distress pervading the world should be terrifying the average American, but most are blissfully ignorant of the coming anguish when the best laid plans of central bankers and corrupt politicians blow up once again and plunge the world into global depression. The immense mountain of debt has been built on the backs of humanity by evil sociopaths rigging the system to benefit themselves and their billionaire benefactors.

The United States, along with virtually every “developed” country, are effectively bankrupt. The $200 trillion of unfunded Federal liabilities can never be paid. States have accumulated over $6 trillion of unfunded pension liabilities and billions more in health care related liabilities. With an economy supposedly booming, according to Trump, we are running deficits exceeding $1 trillion. When the imminent recession unfolds over the coming year, deficits will skyrocket towards $2 trillion.

This expansion of debt is unsustainable, but the Fed is trapped and pushing on a string. Ten years of easy money heroine injections into the arms of Wall Street bankers and mega-corporation executives have left the .1% enriched, while people living in the real world have been left cash poor and dependent upon their credit cards and seven-year auto loans to maintain their fake lifestyles.

Despite the bullshit propaganda unemployment rate propagated by government apparatchiks and obediently parroted by the corporate media, people in the real world know their wages haven’t kept up with the real inflation rate for the last twenty years. When 40% of the working age population doesn’t work and the propagandists report a 3.7% unemployment rate, it takes a supreme level of willful ignorance to swallow that big lie. The feeling of cognitive dissonance among the populace is creating a nation of angry, disillusioned, frustrated victims.

2

In Part One of this article I laid out the unsustainable economic conditions which will drive the next phase of this Fourth Turnings and detailed the economic factors which drove the previous three American Fourth Turnings.

Image result for fourth turning crisis

Strauss and Howe, when writing The Fourth Turning in 1997, did not know the exact circumstances and events which would propel the next Turning. But their study of economic and demographic trends along with the attitudes of generations and historical precedents in prior Fourth Turnings, led them to conclude the driving factors of this Crisis would be debt, global disorder and civic decay.

As I watch what is currently happening in this country and around the world, it is evident to me they nailed it. The volcanic eruption in 2008 unleashed a torrent of molten lava, which continues to flow along channels of distress, but is currently threatening to burst free of these channels and wreak worldwide financial and physical devastation. A multitude of possibilities described by Strauss and Howe below are already happening or will happen in the next few years.

“Imagine some national (and probably global) volcanic eruption, initially flowing along channels of distress that were created during the Unraveling era and further widened by the catalyst. Trying to foresee where the eruption will go once it bursts free of the channels is like trying to predict the exact fault line of an earthquake. All you know in advance is something about the molten ingredients of the climax, which could include the following:

Economic distress, with public debt in default, entitlement trust funds in bankruptcy, mounting poverty and unemployment, trade wars, collapsing financial markets, and hyperinflation (or deflation)
Social distress, with violence fueled by class, race, nativism, or religion and abetted by armed gangs, underground militias, and mercenaries hired by walled communities
Political distress, with institutional collapse, open tax revolts, one-party hegemony, major constitutional change, secessionism, authoritarianism, and altered national borders
Military distress, with war against terrorists or foreign regimes equipped with weapons of mass destruction”
The Fourth Turning – Strauss & Howe

The economic, social, political, and military distress pervading the world should be terrifying the average American, but most are blissfully ignorant of the coming anguish when the best laid plans of central bankers and corrupt politicians blow up once again and plunge the world into global depression. The immense mountain of debt has been built on the backs of humanity by evil sociopaths rigging the system to benefit themselves and their billionaire benefactors.

The United States, along with virtually every “developed” country, are effectively bankrupt. The $200 trillion of unfunded Federal liabilities can never be paid. States have accumulated over $6 trillion of unfunded pension liabilities and billions more in health care related liabilities. With an economy supposedly booming, according to Trump, we are running deficits exceeding $1 trillion. When the imminent recession unfolds over the coming year, deficits will skyrocket towards $2 trillion.

This expansion of debt is unsustainable, but the Fed is trapped and pushing on a string. Ten years of easy money heroine injections into the arms of Wall Street bankers and mega-corporation executives have left the .1% enriched, while people living in the real world have been left cash poor and dependent upon their credit cards and seven-year auto loans to maintain their fake lifestyles.

Despite the bullshit propaganda unemployment rate propagated by government apparatchiks and obediently parroted by the corporate media, people in the real world know their wages haven’t kept up with the real inflation rate for the last twenty years. When 40% of the working age population doesn’t work and the propagandists report a 3.7% unemployment rate, it takes a supreme level of willful ignorance to swallow that big lie. The feeling of cognitive dissonance among the populace is creating a nation of angry, disillusioned, frustrated victims.

Image result for fake news media

The fake news corporate media have successfully used their propaganda machine to convince the public a surging stock market means the economy is doing great. Despite corporate profits being flat for the last four years, corporate stock buybacks (using debt), Trump’s corporate tax cuts, and Federal Reserve easy money, have propelled the stock market to all-time highs. The Fed proved they are Wall Street’s bitch by cutting rates with the market at all-time highs and unemployment supposedly near all-time lows.

This is an acknowledgement the “great economy” is fake news. The economy is on the verge of recession. The most overvalued stock market in history has reached a tipping point. Global economies, propped up with negative interest rates, are already in recession. The global trade war is hurting all parties and is pushing those countries most impacted towards drastic measures.

The multitude of stresses impacting the nation and the world are building up along fault lines created over decades of bad decision making, deferred action, political corruption, Wall Street greed, corporate hegemony, media propaganda, and willful ignorance by a dumbed down technologically distracted populace. Once the economy falters and the stock market crashes for the third time in twenty years, an earthquake of epic proportions will devastate the minimal savings of the working class and give rise to tens of millions of angry desperate citizens.

If a deflationary wave sweeps across the globe, our debt saturated world will shatter and a global depression will create economic havoc and lead to a catastrophic outcome. This would lead countries to lash out militarily to either distract their suffering citizens or to seek retribution against countries they feel have wronged them.

The military build-up in countries across the globe in the last ten years has created a global powder-keg, with lunatic leaders lighting matches. Extreme economic distress always leads to war. And war during this Fourth Turning will include nuclear arms in the hands of many countries, rather than just one in the previous Fourth Turning. The implications are terrifying.

3

The social and political distress we are presently experiencing are already tearing the fabric of civil society. Politicians on the left are promising trillions more in freebies, with absolutely no plan to pay the bill. They have no intention of deterring anyone from crossing our southern border illegally. They see them as added votes in future elections. They use every mass shooting by mentally disturbed individuals as an opportunity to confiscate the guns of the law abiding “deplorables” in flyover country. They ignore the flood of mental illness created by a society promoting degeneracy, hate of traditional family values, and defamation of men. Public schools are nothing more than indoctrination centers for depravity and left-wing social policies.

The left-wing corporate media stokes the flames of societal distress by making every issue racial. Screaming racism or white supremacy at every opportunity creates anger on both sides and will lead to further violence. If a democrat wins the 2020 presidential election and tries to restrict the 2nd Amendment, all hell will break loose in this country. Trying to pry 300 million fire arms from “deplorables” will be a bridge too far. We are fifteen months from an election which will likely ignite civil chaos in this country of confrontation. It doesn’t matter who wins, the losers will not accept the result.

There is no possibility of compromise between the left and right on any issues, other than agreeing to spend more of your money. I have an overwhelming feeling of foreboding about the unrelenting forces pushing the world towards economic collapse and military confrontation. By the 12th year of the last Fourth Turning, America was at war with foes on opposite sides of the world. Economic factors were the driving force. We are approaching the 11th anniversary of the onset of this current Crisis.

Based on history, we are likely to have five to ten more years before this Crisis is resolved and the existing social order swept away and replaced by something new. When this house of cards, built on a foundation of unpayable debt, gives way, the tragic consequences will propel the world towards a bloody climax. Strauss & Howe pondered four possible outcomes, with only one being relatively positive. The peaceful episode of this Crisis is winding down. We are exiting the eye of a category 5 hurricane. The apocalyptic chapter is about to unfold. I don’t think I’m prepared. Are you?

4

Strauss & Howe provide four possible outcomes to our current Crisis:

1. This Fourth Turning could mark the end of man. It could be an omnicidal Armageddon, destroying everything, leaving nothing. If mankind ever extinguishes itself, this will probably happen when its dominant civilization triggers a Fourth Turning that ends horribly. For this Fourth Turning to put an end to all this would require an extremely unlikely blend of social disaster, human malevolence, technological perfection and bad luck.

2. The Fourth Turning could mark the end of modernity. The Western saecular rythm – which began in the mid-fifteenth century with the Renaissance – could come to an abrupt terminus. The seventh modern saeculum would be the last. This too could come from total war, terrible but not final. There could be a complete collapse of science, culture, politics, and society. Such a dire result would probably happen only when a dominant nation (like today’s America) lets a Fourth Turning ekpyrosis engulf the planet. But this outcome is well within the reach of foreseeable technology and malevolence.

3. The Fourth Turning could spare modernity but mark the end of our nation. It could close the book on the political constitution, popular culture, and moral standing that the word America has come to signify. The nation has endured for three saecula; Rome lasted twelve, the Soviet Union only one. Fourth Turnings are critical thresholds for national survival. Each of the last three American Crises produced moments of extreme danger: In the Revolution, the very birth of the republic hung by a thread in more than one battle. In the Civil War, the union barely survived a four-year slaughter that in its own time was regarded as the most lethal war in history. In World War II, the nation destroyed an enemy of democracy that for a time was winning; had the enemy won, America might have itself been destroyed. In all likelihood, the next Crisis will present the nation with a threat and a consequence on a similar scale.

4. Or the Fourth Turning could simply mark the end of the Millennial Saeculum. Mankind, modernity, and America would all persevere. Afterward, there would be a new mood, a new High, and a new saeculum. America would be reborn. But, reborn, it would not be the same.

Denver Housing Market: More Price Reductions, Less Solds, Longer DOMs

8-3-19

DMAR Real Estate Market Trends Report | AUG. ’19

Denver-area Housing Market Sees More Price Reductions, Fewer Homes Sold and Uptick in Days on Market
While the months of housing inventory still indicate Metro Denver is a seller’s market, it continues to head toward a balanced market with conditions favoring buyers like historically low interest rates, price reductions, more homes to choose from and more time in which to choose.

The average sold price in the residential market in July was $498,960, down slightly from June’s $500,010, yet still up 4.27 percent year over year. The median sold price, however, was up slightly month over month to $434,000 from $429,000. The average single-family home price was up 0.58 percent from June to $551,516, topped only by the slightly higher average prices in April and May. Year to date, the average sold price was up 1.83 percent. The average condo sale price was down 1.46 percent in July to $362,922; this is lower than the past three months, but up 3.01 percent year to date.

“REALTORS® are having to adjust their pricing methods and we’ve seen a steady stream of price reductions,” said Jill Schafer, Chair of the DMAR Market Trends Committee and Metro Denver REALTOR®. “Once a home was priced right, sellers received, on average, just under full asking price with a close-to-list-price ratio of 99.32 percent. I’ve heard from homebuyers that they are not feeling the need to run out and see a property on the first day and, if they wait a couple weeks instead, prices often come down.”

Sellers had their homes on the market for what might have felt like a long time compared to a year ago. The median days on market for single-family homes and condos was up 37.50 percent month over month to 11 days. While that percentage may sound significant, on average, home sellers only had to wait three more days to sell their properties in July compared to last year. Year to date it’s taking, on average, 29 days to sell a home compared to 24 days last year.

Notably, fewer new residential listings came on to the market in July, down 12.37 percent from the month before. With fewer new listings, the pool of active listings, which has been growing for the past six months, finally shrunk a bit as the month ended with 9,359 active residential listings. The month of June’s slightly higher 9,520 active listings was the highest metro Denver has experienced in five-and-a-half years.

According to Schafer, “Despite price reductions, we are still statistically in a seller’s market with 1.73 months of inventory across all price ranges. Properties above $1 million have the most inventory with single-family homes at 4.93 months, just under the five months that make a balanced market. We ended July with 4.36 months of condo inventory. Large condo projects like the Coloradan downtown and The Laurel in Cherry Creek have been closing on units pushing up the number of higher-priced condo sales.”

Schafer adds that additional conditions favoring homebuyers include the Federal Reserve recently dropping the interest rates by 0.25 percent, Denver area experiencing low unemployment, an increased number of active listings compared to the recent past, muted home price appreciation and more time on market for homebuyers to make decisions.

Our monthly report also includes statistics and analyses in its supplemental “Luxury Market Report” (properties sold for $1 million or greater), “Signature Market Report” (properties sold between $750,000 and $999,999), “Premier Market Report” (properties sold between $500,000 and $749,999), and “Classic Market” (properties sold between $300,000 and $499,999). In July 2019, 240 homes sold and closed for $1 million or greater – down 8.40 percent from June and up 8.60 percent year over year. The closed dollar volume in the luxury segment year to date was $2.2 billion, up 6.25 percent from last year.

The highest-priced single-family home that sold in July was $5,779,000 representing five bedrooms, seven bathrooms and 4,733 above ground square feet in Boulder. The highest-priced condo sale was $2,350,000 representing four bedrooms, four bathrooms and 4,850 above ground square feet in Denver. The listing and selling Realtors® for the condo transaction are DMAR members.

Year over year, the number of homes priced $1 million and oversaw an average sales price increase of 5.38 percent, price-per-square-foot increase of 16.61 percent, and sales volume increase of 14.44 percent.

“The increase in the number of luxury homes that sold and sales volume in this high-end home category is partly attributed to more inventory in the Luxury Market due to home value appreciation seen across metro Denver in recent years,” said Bryan Facendini, DMAR Market Trends Committee member and Metro Denver Realtor®. “On the contrary, the number of homes sold, average sales price and sales volume decreased month over month.”

In July, month over month, price per square foot for single-family homes increased 5.41 percent from $296 to $312, and notably decreased 22.56 percent from $625 to $484 for condos. Year to date, at $612 per square foot, condos realized a significant increase of 23.14 percent from $497 per square foot in 2018, while single-family homes realized a 6.01 percent increase.

Overall in the luxury segment, median days on market jumped to 26 days in July compared to 14 days in June. Year-to-date market activity has improved as median days on market for single-family homes has decreased from 24 days in 2018 to 20 days in 2019, and condos have decreased from 26 days in 2018 to 24 days in 2019.

Facendini adds, “While the market is in transition, there are more opportunities for home sellers to cash in on equity gains and homebuyers to take advantage of more leverage in negotiations than in years past, and also lock-in mortgages at extremely low rates. It will be interesting to see how the next few months perform as mortgage applications have increased compared to last year and some economists think we’ll see an increase of homes sold the second half of the year.”