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January 27, 2012
The New Year is often accompanied by important resolutions made by many Americans, and what better way to start new resolutions than with the purchase of a brand new home.
Lennar Homes at Blackstone County Club, Southeast Aurora’s premier country club community, offers homes for growing families and empty nesters alike. What’s more, purchasing a new Lennar home means buying an “Everything’s Included” residence filled with luxury features and upgrades included in the price…at no extra charge. Of equal importance, More...
January 24, 2012
Kentwood Real Estate received this letter from The Denver Santa Claus Shop for our 2011 participation. Kentwood Real Estate Prides itself in giving back to the community.
“As the cold wind blows during the short dormant days in the heart of winter. We find warmth and happiness in thinking about the gifts that you helped give children during the 2011 Christmas season. The economic realities represented in the faces of the customers standing in the long ling lines at the More...
January 23, 2012
The number of homes on the market in metro Denver in December 2011 slipped to the lowest level in more than a decade.
There were 12,531 homes on the market in December, down 33.6 percent from the same month in 2010. In 2000, the inventory hit a low of about 9,000.
Most experts say that if inventory continues to drop, it could have a dramatic impact on the market, perhaps reducing the number of transactions.
In August, the number of metro Denver homes on the market dropped more than 20 percent from the year More...
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 buyers, according to Alan Zibel in an article posted More...
January 5, 2012
Positive news on home sales, coupled with improved prospects for job growth, sent stocks higher on Wall Street on December 29th, according an Associated Press article published in the Denver Post on December 30th.
The Dow Jones Industrial Average rose 136 points from the day before. In addition, Standard & Poor’s 500 edged back into the black for 2011 at year’s end.
The number of Americans who signed contracts to buy homes in November rose more than seven percent to the highest level in 1-1/2 years, according to More...
The Census Bureau reported recently that many states that posted big population gains in the 2010 census are now seeing the decade-long growth slowing due primarily to the prolonged economic slump that is stretching into larger portions of the south and west.
As a whole, the U.S. population grew by 2.8 million, reaching 311.6 million people. That growth of 0.92 percent was the lowest since the mid-1940s, hurt by fewer births and less immigration following the recent recession. The nation’s growth is now at its lowest point More...
December 30, 2011
Homeowners whose mortgage payments were changed under a program aimed at reducing foreclosures redefaulted at a slower rate after lenders gave more generous modifications, according to the U.S. Comptroller of the Currency.
In an article penned by John Gittelsohn on Businessweek.com, about 18 percent of modified loans were at least 90 days delinquent within a year in the third quarter, compared with 20 percent in the previous three months, according to the Comptroller’s Mortgage Metrics Report. Delinquencies for loans 30 to 59 More...
December 28, 2011
Freddie Mac recently released the results of its Primary Mortgage Market Survey showing averaged fixed-rate mortgage rates at or near all-time lows, helping keep homebuyer affordability high. The 30-year fixed rate averaged 3.91 percent on December 22nd, a new all-time low from the previous low of 3.94 percent. The 15-year fixed rate matched the previous all-time low of 3.21 percent.
“Rates on 30-year fixed mortgages have been at or below four percent for the past eight weeks (prior to December 22nd) and are now almost 0.9 More...
December 16, 2011
Single-family luxury homes and condominiums continued to keep pace with 2010 as buyers purchased a total of $522,693,822 in million-dollar-plus homes comprised of 350 transactions year-to-date through November 2011. This compares with $543,437,818 in total luxury homes sales in 2010, which also represented a total of 350 transactions.
The sales volume through November 2011 represented a 3.8 percent decrease in volume but clearly shows that the luxury home market is maintaining its strength. The highest price paid for a luxury More...
December 12, 2011
On December 3, the Kentwood Company’s Cherry Creek Office hosted an Open House for clients and friends at the Grant Humphrey’s Mansion in downtown Denver. Despite the snowy weather, the event was well attended.
There were tours of the historic mansion, a shopping bazaar dedicated to helping local charities, and professional family photos with Santa. Some families chose to have their photographs highlight the mansion rather than Santa. Santa didn’t seem to mind. To keep warm on the cold winter day, Kentwood agents served More...
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