February 25, 2010
A recent USA Today article on Aurora, Colorado, titled “Close to Home: Aurora Boasts Some Sales Bargains,” cited home prices as a major benefit of living in Aurora. The feature story also highlighted an Aurora home listed by Bill Wilbur, a broker associate in Kentwood Real Estate’s DTC office.
Located at 6225 South Fraser, the USA Today article said the home is the most expensive in the Aurora and Centennial area at $12,250,000. Offered for sale by The Grove Family More...
February 24, 2010
In an article published on February 24th, the Denver Post reported that Denver was among six metropolitan areas in a 20-city survey that saw home prices increase in December compared with the same period a year ago.
The article, authored by Margaret Jackson, said Denver-area home prices rose 1.2 percent in December, the fifth largest increase among the cities, according to the Standard & Poor’s Case-Shiller home-price index. Home prices in the 20-city index dropped 2.5 More...
Denver Real Estate – Realtor Magazine, the official publication of the National Association of Realtors (NAR), recently reported that Denver is among the nation’s top 10 cities where it’s smarter to buy a home than to rent.
“For people who want to own a home, the premium to buy – the spread between what they’d spend to rent and what they’d pay for a mortgage – is much lower than the 15-year average in many cities,” read the More...
February 22, 2010
The Metro Denver Economic Development Corporation recently released its 2010 Economic Forecast for Metro Denver. According to Chief Economist Patty Silverstein, one of the longest and deepest economic contractions in the nation’s history appears to have ended.
Metro Denver’s economy fared better than many regions through the early months of recession. While the region’s outlook for 2010 is far from rosy, according to the forecast, positive rankings throughout 2009 suggest More...
As LeadingRE’s Oldest Denver-area Member, The Kentwood Companies
Gets You Connected Throughout Globe
The Kentwood Companies is the Denver area’s oldest member of Leading Real Estate Companies of the World, a global network showcasing nearly 700 companies with 5,500 offices and 170,000 associates in 38 countries. We have garnered a wealth of More...
Denver Real Estate – For the first time in three years, Denver area home prices showed a year-over-year increase in the latest S&P/Case-Shiller Home Prices Index, according to a report in the Denver Business Journal (DBJ).
Out of 20 U.S. cities in the latest Case-Shiller Index, Denver was one of just four that showed a year-over-year increase in prices. Denver area home prices rose 0.5 percent between November 2008 and November More...
February 15, 2010
How 2009 Property Taxes Affect
Your 2010 Transaction at Closing
There are two options available for paying real estate taxes in Colorado. The first is to pay the entire amount of the prior year’s taxes in full on or before April 30th. It is also possible to pay the real estate taxes in two installments, the first on or before February 28th and the second on or before June 15th.
Depending on the time of year that a property closes and which method the lender More...
The Federal Reserve plans to stop buying mortgages by the end of March, and the tax credit for home purchases will end with contracts signed by April 30th. The pending end of the Federal Reserve’s lifeline to Fannie Mae and Freddie Mac could drive mortgage rates back to the six percent-plus range. Rates are currently below five percent, and if they jump back up to six percent or more, many people will not be able to afford a home.
Fannie Mae and Freddie Mac are the largest More...
Filed under: Real Estate News
, consumer protection
, deceptive lending
, disclosure requirements
, Fannie Mae
, Federal Home Loan Banks
, Freddie Mac
, government-sponsored enterprises
, Housing and Economic Recovery Act of 2009
, investor guidelines
, loan process
, new regulatory guidelines
, Truth in Lending Disclosure
The Housing and Economic Recovery Act of 2009 (HERA) is a wide-ranging piece of legislation that strengthens and modernizes the regulation of government-sponsored enterprises Fannie Mae and Freddie Mac, along with the Federal Home Loan Banks.
Part of HERA imposes sweeping changes in the lending industry, placing greater focus on consumer protection. HERA aims to assure borrowers are better informed about the loan process and better protected against deceptive lending practices. More...