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Mortgage Bailout Tab May Hit $259 Billion

The Denver Post reported on October 22nd that the government projects that the expensive bailout of Fannie Mae and Freddie Mac will cost the taxpayers as much as $259 billion.  That figure would be nearly twice the amount Fannie and Freddie have received so far.  To date, the rescue of the two companies has cost taxpayers $135 billion to the Treasury Department as dividends. 

By contrast, according to the Post article More...

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Home Prices in Denver Area Drop 1.2 Percent in August Compared to 2009

Home prices in the Denver area dropped 1.2 percent in August from the same period last year, according to the latest S&P/Case-Shiller Home Price Index released on October 26th. According to an article in the Denver Business Journal (DBJ), it was only the second time since last October that the closely-watched Case-Shiller report failed to show a year-over-year increase in metro Denver home More...

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Famous “Sleeper House” Foreclosure Sale Postponed

The Denver Business Journal (DBJ) reported on October 13th that the foreclosure sale of Golden’s famous “Sleeper House” scheduled for October 6th was postponed.  The house is known for its futuristic design and was featured in Woody Allen’s 1973 movie “Sleeper.”

The home is owned by metro Denver businessman Michael Dunahay, who bought the house in 2006 for $3.43 million.  Dunahay filed his More...

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Special Report Cites Metro Denver as a Real Estate Market to Watch

PricewaterhouseCoopers LLP, a leading financial services firm, in conjunction with the Urban Land Institute, recently issued is 32nd commercial real estate study titled “Emerging Trends in Real Estate 2011” report.  The report ranks Denver 11th among U.S. cities on a list of real estate markets to watch for commercial and multi-family investment. 

In the survey, as reported by the Denver More...

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Denver Business Journal Reports on LoDo’s Recognition as One of 10 Great U.S. Neighborhoods

Denver’s Lower Downtown neighborhood, known by most as LoDo, was recently named one of the 10 “Great Neighborhoods” for 2010 by the American Planning Association, according to a story in the October 13th issue of the Denver Business Journal (DBJ).  The recognition is part of the association’s Great Places in America program, which highlights areas of a city with More...