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Proposed Changes to Mortgage Interest Deduction - 02/26/09 05:29 PM
Here is some disturbing news about home interest deductions from NAR regarding Obama's budget proposal released today. We need to notify our congress reps and senators to oppose this. We're just starting to see some life in the real estate market. This will not help at all.
Thanks,
Bob BandyThe Bandy Home TeamDenver Homes and Real Estate
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Positive Signs in the Local Housing Market Promise Great Spring Sales - 02/26/09 04:58 PM
It's in the job description of successful real estate agents these days: to be a cheerleader for the upside of the housing market. That job is now easier due to some encouraging signs in housing.
First, data collected by the National Association of Realtors (NAR) from Multiple Listing Services around the country and released as the National Sales Index, reports a 6.5% increase in housing sales in December, 2008 compared to one year ago. Some markets in the South and Midwest shot up 13%. The figures reflect home sales where contracts are signed but not yet in the closing stage.
The … (1 comments)
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Renters: Now is the Time to Buy - 02/24/09 03:12 PM
In times past, it was a given that renting was a brief stop on the way to homeownership. The events of the last two years may have caused some renters to get cold feet, but buying a home is still a good investment. Author David Bach noted that "the average homeowner is worth 35 times more than the average renter." Does this mean that the home will appreciate 200% in five years? Probably not. When the home is affordable and is financed so that there is equity from the start, a person has something solid that they own, that can improve … (1 comments)
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A Real Credit to Spur Home Sales - 02/20/09 05:34 PM
There are many great reasons to buy a home in Denver, but the recent stimulus bill has just given homebuyers 8,000 more reasons to act now. In the new stimulus bill signed by President Barack Obama on February 16, 2008, first time homebuyers can claim up to $8,000 or up to 10% of the value of the home as a tax credit. The hope is that potential buyers who are deliberating whether to buy now or wait for possible future declines in housing prices will take the plunge.
The amount is less than the $15,000 originally proposed, but unlike the "$7,500 … (0 comments)
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Early Intervention Can Prevent Foreclosure - 02/17/09 09:35 PM
Few people move into a new home with plans of defaulting on their mortgage. As they say in the movies, "life happens when you're making other plans." Many who took on a mortgage with the best of intentions now find themselves in trouble when their loan terms change or when their personal income picture changes due to job loss, divorce, or illness. They are late on a payment, or miss one or two, and then find themselves on the receiving end of phone calls from the lender threatening foreclosure. As we have said here before, foreclosure does not have to be … (4 comments)
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Phantom Home Sellers Skew Market Figures - 02/11/09 05:40 PM
During the last quarter of 2008, 19,600 homes were listed on the Denver MLS, a 20% drop from December, 2007. Meanwhile, the 47,837 home sales for 2008 home sales represented a 4% drop in sales from December, 2007. These figures indicate that there is a five month inventory of homes available for buyers - considered to represent equilibrium between buyers and sellers.
On the surface, this appears to be good news. In many areas of the country, there has been a 10 month supply of homes. Denver home prices are more stable than in many other areas and foreclosure rates are … (2 comments)
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Foreclosure: Not the Only Option - 02/05/09 05:38 PM
Foreclosures in Denver may be statistically decreasing but for homeowners who are slipping into mortgage payment delinquency, the fear of becoming a statistic is strong. As a Distressed Property Expert and Realtor, I insist that foreclosure is not the answer to the current home ownership crisis looming throughout the Denver area.
Foreclosure, not unlike a surgical procedure, should be viewed as the last recourse after everything else has been explored and not the first treatment choice. Many Coloradoans are fearful of their situations and do not realize that there are positive steps that can be taken to avoid foreclosure in Denver. … (2 comments)
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Amazing Willow Park Home near Canterberry in Parker CO - $334,972 - 02/05/09 12:59 PM
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Marianne Bandy, CRS, GRI, CDPE
Parker,
CO
More about me…
Denver Homes - The Bandy Team - RE/MAX Pros
Address: 9200 E. Panorama Cir. , Suite 140, (near SW corner of I-25 & Dry Creek Rd.), Englewood, CO, 80112
Office Phone: (720) 870-0862
Cell Phone: (303) 746-7799
Email Me
News and information related to living in Douglas County and Parker, Colorado. Go to our website at http://www.BandyHomes.com to search all homes and real estate for sale in Parker and the entire Denver metro area. Save your searches & favorite properties, make notes, get email alerts of new Denver listings matching your criteria. Virtual tours, mapping, multiple photos of Denver properties.
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