Moe Veissi, president-elect of the National Association of Realtors (NAR),
recently outlined the association’s recommendations for housing finance reform before the House Financial Services Subcommittee on International Monetary Policy and Trade.
According to a story posted on www.realtor.org, owning a home has had long-standing government support in the U.S. because home ownership benefits individuals and families, strengthens communities, and is integral to the nation’s More...
The Labor Department’s latest job report showed hiring in an industry battered by job losses has gained some ground. According to USAToday, construction firms added 26,000 jobs nationally in September, trailing only health care, professional and business services.
Contractors added 53,000 jobs this year after losing about 150,000 last year and 2 million in the recession. Some construction industry observers said the latest gains could herald at lease a moderate turnaround next More...
A California couple recently purchased there first vacation home at a California ski resort. At $200,000, the condo was a bargain compared to a past price of more than $400,000. The couple also realized they could rent the condo to help pay their mortgage and expenses.
More and more people are considering the purchase of a vacation retreat because conditions are ripe to fulfill this dream. Prices on vacation homes have fallen even more sharply than primary homes. More...
Denver’s real estate market was ranked number nine in the Emerging Trends in
Real Estate Report released this week, according to an article posted on InsideRealEstateNews.com.
The Emerging Trends reports has been released for 32 consecutive years. Denver’s lowest ranking was 17th out of 51 cities in the “For Sale Homebuilding” category.
The findings of the report are based on a total of 875 interviews and surveys sent to investors, fund managers, developers, More...
Vintage 2 Bedroom, 2 bath bungalow at 736 S. High St. in the heart of East Wash Park will be listed for its single lot value at $370,000. The home features a full basement, 1083 Sq Ft each floor…the Estate sale last weekend was a huge success and I expect this value priced home to sell quickly!
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Following is an overview of Denver real estate activity from 2005 to 2010 and some interesting predictions for 2011.
The number of closed single-family properties has decreased 25.6 percent from 2005. There were 463 single-family homes closed in 2010 priced above $1 million in the entire metro Denver area, which represents 1.5 percent of all single-family sales.
The average price of a home in the metro Denver area in 2005 was $307,529 compared to $282,080 in More...
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...
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...
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.
Denver Area Commercial Real Estate Investing on the Rise
The Denver Post reported on December 26th that investment in commercial real estate in metro Denver more than doubled in 2010 over last year. In a report by Margaret Jackson, investors have spent $1.01 billion on 54 office, retail and industrial properties versus $448 million on 30 transactions in 2009.
Denver has consistently been in the top 10 markets for preferred investment, according to one More...
