gretchen

Defending Fannie Mae and Freddie Mac Hits $160 Million

So what does it cost the government to defend against civil lawsuits for fraud filed by taxpayers against Fannie Mae and Freddie Mac since Uncle Sam took them over?  So far, more than $160 million!  That’s right everyone…$160 million.

According to the Denver Post, the government’s lawsuit defense was a closely guarded secret until just a couple of weeks ago when the companies and their regulator More...

Dee

Metro Denver Home Prices on the Rise

Denver real estate appears to be making a comeback.  According to published reports, the median sale price for single-family homes in metro Denver rose 7.3 percent last year to $235,000.  Condominium sale prices rose slightly from $135,000 to $136,000. 

The 2010 price rise in single-family homes occurred even as the number of sales declined from 2009.  For the month of December 2010, homes listed for sale totaled 18,867, More...

Lance

Metro Denver Housing Market Poised for Rebound in 2011

What goes around comes around.  Projections for metro Denver’s housing market in 2011 are reminiscent of the market in 1989.  Twenty-two years ago, the Denver housing market was still reeling from the collapse of the energy markets and overbuilding as a result of oil prices hitting $65 a barrel.  When oil prices collapsed to around $12, the housing market collapsed as well. 

The Denver area was More...