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January 27, 2012
The New Year is often accompanied by important resolutions made by many Americans, and what better way to start new resolutions than with the purchase of a brand new home.
Lennar Homes at Blackstone County Club, Southeast Aurora’s premier country club community, offers homes for growing families and empty nesters alike. What’s more, purchasing a new Lennar home means buying an “Everything’s Included” residence filled with luxury features and upgrades included in the More...
January 24, 2012
Kentwood Real Estate received this letter from The Denver Santa Claus Shop for our 2011 participation. Kentwood Real Estate Prides itself in giving back to the community.
“As the cold wind blows during the short dormant days in the heart of winter. We find warmth and happiness in thinking about the gifts that you helped give children during the 2011 Christmas season. The economic realities represented in the faces of the More...
January 23, 2012
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...
January 5, 2012
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...
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...
November 21, 2011
Builders broke ground on more homes than forecast in October and construction permits climbed to the highest level since March 2010, according to Bloomberg.com. Some believe that this increase is a sign that housing may become less stagnant in the third year of economic recovery.
Starts decreased 0.3 percent to a 628,000 annual rate from September’s 630,000 pace that was slower than previously reported, according to the Commerce Department. The median estimate of economists More...
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