Hilarious! Courtesy of Jeff Turner - 05/29/08 01:26 PM
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Become a Second-Home Specialist - 05/29/08 01:19 PM
WASHINGTON — Home sales in many areas remain sluggish but you might find opportunity in the second-home market, real estate economist John Tucillo told REALTORS® at the NAR Midyear Legislative Meetings this week. The former NAR chief economist and author of How a Second Home Can Be Your Best Investment said … (0 comments)
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Housing starts post surprising rebound - 05/29/08 01:16 PM
An article from MSNBC.com, reports that during the worst downturn in housing in more than two decades, construction of new homes posted the biggest increase in more than two years in April. According to the Commerce Department, housing construction rose by 8.2% in April to a seasonally adjusted annual rate of 1.03 million … (0 comments)
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Colorado Foreclosures Climb, But At A Slower Pace - 05/29/08 01:14 PM
An article from The Denver Post, reports that according to the Colorado Division of Housing, foreclosure filings in Colorado continued to surge in the first quarter, but at a slower pace than last year. Reports from public trustees show 23% more foreclosure starts in the first quarter of 2008 than in the … (0 comments)
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Mortgage Tip - 05/29/08 10:50 AM
Many lenders are rolling out new credit guidelines that require borrowers to have a minimum of 3 accounts showing on their credit report. The rules are different for every lender (some allow an account to be closed, some want them all to be open for 12 months, some want at least … (0 comments)
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Renting out your vacation home can have tax advantages - 05/27/08 12:39 PM
An article from USA Today, reports that according to Christine Karpinski, director of the owner community for HomeAway.com, a vacation-rental website, it's not unusual for vacation home buyers to overestimate the amount of time they'll spend at their homes. One option to help keep up with the cost of maintenance is renting out … (0 comments)
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Denver-area home sales prices down 10 percent - 05/27/08 12:36 PM
An article from the Denver Business Journal, reports that existing single-family home sales in the Denver area fell by 3% during the past year, while the median sales price decreased by 10.28%. According to figures for April by MetroList, the area's home sales declined from to 4,265 from 4,399 April 2007. The sales price fell to $222,550 … (0 comments)
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Driving New Clients to Your Door Using Local Search Marketing - 05/27/08 12:29 PM
Faster, easier and more cost-effective than print advertising
By Bruce Crair
RISMEDIA, May 27, 2008-It used to be that all you had to do to get noticed and drive potential clients to your door was to advertise in the local newspaper, community magazine or on a city billboard. Year after year, … (0 comments)
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Builders Tout Incentives In Bid to Sell Homes - 05/27/08 12:13 PM
An article from The Wall Street Journal Online, reports that in their attempt to sell houses, builders are bringing back incentives such as mortgage rates that start low, help with down payments and zero out-of-pocket expenses. This weekend, the nation's largest builder by revenue, Lennar Corp., will start interest rates at 2.88% for the first … (0 comments)
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Colorado fares better than U.S. on home prices - 05/27/08 12:11 PM
State fares better than U.S. on home prices, an article from the Rocky Mountain News, reports that according to an index considered to be the most comprehensive, home prices in Colorado generally fared much better than the U.S. market as a whole during the first quarter of 2008. Nationwide, home prices posted … (0 comments)
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Green development planned for Aurora - 05/27/08 10:13 AM
An article from The Denver Post, reports that later this year in Aurora, Lend Lease could start work on a new sustainable community that would include a mix of homes, shops, restaurants and offices. Horizon Uptown will be located on 500 acres and include about 3,800 residences housing approximately 8,000 people … (0 comments)
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Home Sales, Prices Seen Rising in Late '08 - 05/23/08 11:18 AM
An article from Realtor Magazine Online, reports that according to NAR Chief Economist Lawrence Yun, home sales have stabilized over the last seven months and should increase slightly in the second half of 2008. He added, "I believe 2008 will be the year when we have to clean up and recover from … (0 comments)
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Bleak forecast for housing may not be all that terrible - 05/23/08 11:17 AM
An article from the Denver Business Journal, reports that a recent national study that compares the current costs and future returns of owned and rented homes paints a bleak picture for homeowners in U.S. markets with housing bubbles, including metro Denver. The study is called "The Cost of Maintaining Home Ownership in the Current … (1 comments)
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Mortgage Tip - 05/23/08 11:14 AM
Whenever a buyer is purchasing a condo, it's important to point out that there will be buyer closing fees on the final HUD-1 that are not on the Good Faith Estimate (GFE), namely HOA transfer fees, HOA dues, HOA working capital, etc. These fees do not get listed on the GFE because they … (0 comments)
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Marketing Ideas That'll Get You Noticed - 05/23/08 11:09 AM
Take some risks with your marketing, promote yourself everywhere, and be unique. Those were key messages from real estate trainer Terry Watson, who spoke at last week's REALTORS® Midyear Legislative Meetings about how to gain an edge in your marketplace."With 1.3 million real estate professionals, most of our advertising looks exactly … (3 comments)
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Mortgage Tip - 05/23/08 10:56 AM
As the use of FHA financing increases dramatically, the use of seller-funded down payment gifts is also increasing. We're getting many questions regarding the verbiage that is required in a sales contract if the seller is contributing the mandatory 3% FHA down payment. Here it is:
"Seller agrees to contribute 3% … (1 comments)
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Denver office market stable, report shows - 05/23/08 10:54 AM
An article from the Rocky Mountain News, reports that according to a study by Sam DePizzol and Greg Holm, both of CB Richard Ellis, today's office lease rates are 49% of what they were in the early 1980s. They say given the tight capital markets, there seems little chance that speculative building, … (0 comments)
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Big-City Home Prices Are Faring Well - 05/23/08 10:51 AM
America's largest downtowns have become some of the best places to hide during the housing downturn. Here's a rundown of home-pricing trends in the central core of a sampling of the country's largest cities:
Chicago The city's prized Gold Coast neighborhood had record sales prices in the last year, but bargains … (0 comments)
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Good News From Lenders - 05/23/08 10:36 AM
An article from RealtyTimes.com, reports that the best news in real estate the first few months of 2008 has concerned mortgages. Interest levels have continued to hover near 6% for 30-year fixed-rate loans, people who want to buy or refinance at this time will find interest rates not terribly far-removed from the historic lows seen in 2003. … (1 comments)
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Homes are biggest bargain since 2004 - 05/23/08 10:34 AM
An article from CNNMoney.com, reports that according to the latest Housing Opportunity Index released by Wells Fargo and the National Association of Home Builders (NAHB), 53.8% of all new and existing homes sold nationwide during the first three months of 2008 were affordable to families earning the median household income of $61,500. … (0 comments)
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Trulia Introduces New Suite of Free Tools and Services - 05/23/08 10:31 AM
RISMEDIA, May 23, 2008-Trulia.com, a popular real estate search site, has unveiled a suite of free tools and services for real estate professionals that will help them better market themselves to prospective home buyers and sellers. Trulia's new offering gives agents increased visibility for their personal brand on all of their … (0 comments)
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Hotel, condo tower planned for downtown Denver site - 05/13/08 02:37 PM
An article from the Rocky Mountain News, reports that according to Denverinfill.com, a developer is planning a 17-story hotel and condo tower on the site of a former Burger King at 15th and Stout streets. Planned by Ranko Mocevic, president of Hotel Gold Crown Champa LLC, the tower will have 264 hotel rooms … (0 comments)
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The Housing Market of the Future - 05/13/08 02:34 PM
An article from Realtor Magazine Online, reports that according to experts, new trends will reshape tastes in homes and change the way agents buy and sell. A survey of potential home buyers conducted by the National Association of Home Builders showed 60% said they would rather have a smaller house with more amenities than vice versa. Gopal … (1 comments)
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Fannie to Aid Underwater Loans - 05/13/08 02:32 PM
An article from The Wall Street Journal Online, reports that Fannie Mae is preparing to introduce a program of refinancing mortgages for people who owe more than the current value of their homes. A situation also known as being "underwater." Fannie's refinance plan would result in new loans of equivalent size, leaving the borrower … (0 comments)
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Mortgage Tip - 05/13/08 02:31 PM
We've got another good example of why all loans should be run through an automated underwriting system, rather than just manually submitting them to an underwriter. The general underwriting guideline for commission income is that the borrower must show a 24 month history of that income from the same employer. However, when we … (2 comments)
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Home-Insurance Credits - 05/13/08 02:29 PM
An article from The Wall Street Journal Online, reports that many Americans are looking for ways to save money and examining your home-insurance paperwork could pay off. Raising the deductible isn't the only way to reduce premium costs. Discounts in the form of credits are also available for many homeowners. Pete … (1 comments)
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Booming times at Buckley - 05/13/08 02:28 PM
An article from the Rocky Mountain News, reports that changes are on the way for Buckley Air Force Base with the addition of hundreds of personnel and more than two dozen major construction projects in the works or planned. John Spann, of the base's public affairs office said, "We are one of … (0 comments)
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80121 ZIPs to No. 1 in market - 05/13/08 09:32 AM
An article from the Rocky Mountain News, reports that the area of the 80121 ZIP code, which includes parts of Cherry Hills Village, Greenwood Village and Centennial, showed the greatest appreciation of home prices during the first quarter. According to data compiled for Rocky Mountain News by California-based DataQuick, a company that … (0 comments)
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Fall in Love With What You Do: Six Ways to Fuel Your Business With Passion and Purpose - 05/13/08 09:30 AM
An article from RealtyTimes.com, reports that Will Rogers once said: "If you want to be successful, it's just this simple: Know what you're doing, love what you're doing, and believe in what you're doing." One way to fuel your business is to follow your passion. Find that niche you enjoy working with, such … (3 comments)
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Cherry Creek Square sells for $18 million - 05/13/08 09:28 AM
Cherry Creek Square sells for $18 million, an article from the Colorado Real Estate Journal, reports that Cherry Creek Square, retail property in the heart of Cherry Creek North, sold to BZ Investments, a local Denver real estate firm. The company paid $18 million for the property, which comes out to more than $500 per … (0 comments)
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Realty Viewpoint: Show HomeBuyers How Rewards Outweigh Risks - 05/13/08 09:27 AM
An article from RealtyTimes.com, reports that Americans have been scared by economists that housing still has a long way to go before it hits bottom, which puts the housing industry in a tough spot. Realtors, builders and sellers need to convince buyers that now is a good time to buy. Also, the … (0 comments)
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Grand opening set for Landmark condo project - 05/07/08 04:32 PM
An article from the Denver Business Journal, reports that on May 7, the Everest Development Co. will hold a public grand opening for the first units at its high-end The Landmark condominium towers in Greenwood Village. Construction on the 15-acre project started in 2005 and was a finalist for the NAHB's 2007 community … (0 comments)
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Slow to Respond? 3 Good Reasons to Act Fast on Internet Leads - 05/07/08 04:30 PM
An article from RISMedia.com, reports that when it comes to converting Internet leads, speed matters. One reason to act quickly on an Internet lead is because Internet buyers demand instant gratification. When buyers complete a form to get more information, they want that information now. Another reason to take care of … (3 comments)
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Loan Plan for Homeowners - 05/07/08 04:28 PM
An article from the Wall Street Journal Online, reports that under a proposal introduced the the Federal Deposit Insurance Corp. to help stem foreclosures, struggling U.S. homeowners could receive federal loans to pay down as much as 20% of their principal. The program would depend on the willingness of mortgage servicers and investors to agree … (0 comments)
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Mortgage Tip #2 - 05/07/08 04:27 PM
Now that the Economic Stimulus checks are in the mail, we're getting some questions about how that money will be treated for mortgage qualification purposes. Here's how it works. The government checks cannot be counted as income to qualify. However, the money is able to be counted towards any reserve requirements, and … (0 comments)
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Foreclosure Prevention's Lesser Knowns - 05/07/08 04:25 PM
An article from RealtyTimes.com, reports that HopeNow's foreclosure prevention efforts and FHASecure loans aren't the only resources for those faced with the prospect of losing their home. The National Community Reinvestment Coalition's (NCRC) National Homeownership Sustainability Fund helps financially struggling families with high-risk mortgages and senior citizens in trouble with reverse … (0 comments)
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Expert Predicts Housing Market Bottom Next Year - 05/07/08 04:24 PM
A story from cbs4denver.com, reports that John Covert of Greenwood Village-based Metrostudy said of Denver area housing, "The best way to look at this is that we know we're going to come out of this eventually." When it comes to the housing market, the Denver metro area is as diverse as any in the … (0 comments)
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Mortgage Tip - 05/07/08 04:22 PM
Unmarried surviving spouses of veterans are eligible for VA loans, provided the deceased veteran was eligible. VA loans provide 100% financing, with no mortgage insurance, at low interest rates. These are particularly good loans at the moment because VA loans are not subject to any restrictions in declining markets.
http://www.judesandvall.com/
… (0 comments)
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Booming times at Buckley - 05/07/08 04:20 PM
An article from the Rocky Mountain News, reports that changes are on the way for Buckley Air Force Base with the addition of hundreds of personnel and more than two dozen major construction projects in the works or planned. John Spann, of the base's public affairs office said, "We are one of … (0 comments)
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Helping hand for housing has new home - 05/07/08 04:17 PM
An article from the Boulder Daily Camera, reports that starting next month, 1 of 2 new Boulder County housing counselors will be taking appointments at the Broomfield City and County Building. The National Foreclosure Mitigation Counseling Program awarded the Boulder County Housing Authority a $154,487 federal grant to enable it to reach struggling homeowners in … (0 comments)
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5 Ways to Get Your Listings to Sell - 05/07/08 04:16 PM
An article from RISMedia.com, reports that it's important to build your inventory of listed properties, and service and market them well. Once you get the listing, stay in touch with your seller through phone calls, emails or face-to-face meetings. Sellers need communication to let them know you are helping them sell … (1 comments)
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NAR Joins in Call to Stabilize Markets - 05/07/08 04:15 PM
An article from Realtor Magazine Online, reports that in a letter to members of the U.S. House of Representatives, the National Association of Realtors urged Congress to make the FHA and conforming loan limit increases permanent as part of the 2008 Housing Stimulus bill, which is expected to be marked up this … (0 comments)
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Colorado one step closer to tenant's bill of rights - 05/07/08 04:13 PM
A story from 9news.com, reports that Colorado currently has no standing "tenant's bill of rights" and on Tuesday, Colorado legislators took one step closer to changing that status. House Bill 1356 was approved and will now head to Governor Bill Ritter for approval or veto. Sen. Betty Boyd (D-Lakewood), co-sponsor of the bill said, … (0 comments)
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