Dee

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 More...

gretchen

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 More...

Peter

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 More...

gretchen

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 More...