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 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 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 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 More...
There are positive signs that the country’s housing market is nearing a turnaround. In some major metro areas, the market has bottomed out, with both sales and prices on the rise and foreclosures in decline.
Industry observers site a number of reasons, including stronger employment, and government data appears to support the forecast. The Dow Jones U.S. Home Construction Index Fund is up 38 percent, while the S&P 500 is up about 21 percent.
Jerry Howard, president More...
December 6, 2011
As we struggle with shopping lists and invitations, compounded by December’s snowy weather, it is nice to be reminded of all the good that people have in their hearts. Giving back to the community has always been important to Kentwood Real Estate and this Holiday season is no exception. December 2011 is the 15th year that Kentwood Real Estate has supported the Santa Claus Shop charity.
There is nothing more wonderful than seeing a child’s eyes light up with joy More...
