Cashing In on Real Estate, It's Still Possible - 07/28/08 11:16 AM
An article from the Wall Street Journal Online, reports that despite the current economic downturn, there are some alternative real-estate related opportunities that are holding up. Rural land is becoming more valuable due to rising food costs, demand for corn-based ethanol and a growing desire by urbanites for a place in the … (1 comments)
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City back in the zone - 07/28/08 11:13 AM
An article from the Denver Business Journal, reports that Denver’s planning department is writing the first major update to the city’s zoning code in more than 50 years. According to the Zoning Code Task Force, a draft of the code is expected this fall, and the final version is expected to go … (0 comments)
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Daily Rate Lock Advisory - 07/28/08 10:49 AM
Monday's bond market has opened in positive territory following early stock weakness. The stock markets are showing losses with the Dow down 68 points and the Nasdaq down 7 points. The bond market is currently up 16/32, which should improve this morning's mortgage rates by approximately .125 of a discount … (0 comments)
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Daily Rate Lock Advisory - 07/24/08 03:15 PM
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Realtors Push Back Against Negative News Spin - 07/23/08 04:10 PM
An article from RealtyTimes.com, reports that national, state, and local Realtor® associations are taking organized and active steps to provide some balance to the news and to correct and/or counteract some of the negative spin that goes beyond straightforward reporting. The National Association of Realtors® (NAR) introduced the "Surround Sound" campaign … (1 comments)
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Daily Rate Lock Advisory - 07/23/08 03:24 PM
Wednesday's bond market has opened in negative territory since there is no relevant economic data to offset early stock gains. The stock markets are in positive territory with the Dow up 24 points and the Nasdaq up 18 points. The bond market is currently down 13/32, which will likely push … (1 comments)
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Daily Rate Lock Advisory - 07/22/08 12:41 PM
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Investors With Cash Are Kings in Today's Market - 07/22/08 12:27 PM
Daily Real Estate News | July 18, 2008
Investors With Cash Are Kings in Today's Market
Some are calling this the best market for investors since real estate tanked in the early 1980s. Investors, alone and in groups, are negotiating volume deals as they purchase whole subdivisions and bundles of 10 to … (0 comments)
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Gates project goes slower - 07/22/08 10:32 AM
Developer splits; first buildings delayed to 2011
By John Rebchook, Rocky Mountain News
Thanks to the sluggish economy, you won't be seeing any new buildings at the $1 billion Gates Rubber redevelopment until 2011, a year later than planned.
In February, the Rocky Mountain News reported that the developer, an entity … (0 comments)
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Morgage Tip - 07/22/08 10:29 AM
Many buyers need to raise their credit score to qualify for a loan these days. Every credit report is different, but one of the main things that most people can do to raise their score is to pay down the balances on their revolving accounts (credit cards). If you owe more … (0 comments)
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A plan to jumpstart the mortgage market - 07/22/08 10:26 AM
An article from CNNMoney.com, reports that a group representing the buyers and sellers of mortgage backed securities unveiled a plan this week to recharge the mortgage market. The American Securitization Forum hopes its plan, Project RESTART, will increase the supply of mortgage loans available to borrowers and lower their cost. Jump starting the mortgage market could … (0 comments)
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Regional Council doubles FasTracks' federal funds - 07/22/08 10:24 AM
An article from The Denver Post, reports that the Denver Regional Council of Governments board has doubled the amount of federal transportation funds it plans to give to FasTracks, increasing the total to $120 million. According to Steve Rudy, DRCOG director of transportation planning, each of the 11 corridors would receive a … (0 comments)
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South Broadway: Funky, not sketchy - 07/22/08 10:21 AM
An article from The Denver Post, reports that local merchants define the South Broadway neighborhood as the stretch of Broadway from south of Sixth Avenue to just north of the Interstate 25 interchange. Many in the neighborhood refer to it as SoBo and the strip is in the midst of a major transition. Projects … (0 comments)
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6 Ways to Building Strong Relationships with Clients - 07/22/08 10:19 AM
An article from RISMedia.com, reports that according to Simon Payn of Ready to Go Newsletters, it is strong relationships with past clients and their farm that is seeing the smartest Realtors though the housing crisis in the United States. Payn says one way to build a strong relationship is to take time to … (1 comments)
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Mortgage Tip - 07/22/08 10:17 AM
If your buyer is purchasing a house that has been fixed and is being flipped for a higher price than the seller's original purchase price, the seller should be prepared to document why the value of the property has increased so much in such a short period of time.
Typically, the … (1 comments)
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$2.6 million house will be auctioned - 07/22/08 10:15 AM
An article from the Rocky Mountain News, reports that head of Brookline Homes, Scott Carter, will auction the $2.6 million custom home his company is building for the 2008 Parade of Homes. According to Carter, he isn't auctioning the 7,302-square-foot, energy-efficient home because of problems with last year's parade, which included at least … (2 comments)
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Clean up credit score to land a sweet mortgage rate - 07/22/08 10:13 AM
An article from USA Today, reports that most lenders will review your FICO score when you apply for a mortgage. According to Mavel Vargas, manager of lending research for Informa Research Services, a few months ago, borrowers with a FICO score of 700 usually qualified for the lowest mortgage rates. Now, though, most … (0 comments)
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Mortgage Tip - 07/18/08 04:22 PM
Many buyers need to raise their credit score to qualify for a loan these days. Every credit report is different, but one of the main things that most people can do to raise their score is to pay down the balances on their revolving accounts (credit cards). If you owe more … (0 comments)
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Daily Rate Lock Advisory - 07/18/08 04:20 PM
Friday's bond market has opened well in negative territory as investors continue to shy away from inflation-threatened securities. The stock markets are mixed during morning trading with the Dow up 38 points and the Nasdaq down 23 points. The bond market is currently down 21/32, which will likely push this … (0 comments)
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Jude Sandvall's Real Estate Advisor - 07/17/08 01:05 PM
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Realty Executives of Aurora | 14901 E. Hampden Avenue Suite 320 | Aurora | CO | 80014
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Denver Ranked Fourth On Real Estate Investing List - 07/17/08 12:47 PM
Tuesday, July 15, 2008 - 11:52 AM MDT
Denver ranked fourth on real estate investing list
Denver Business Journal
Metro Denver ranks No. 4 on HomeVestors of America Inc.’s new list of the top 10 U.S. markets for residential real estate investing, released Tuesday.
HomeVestors of Dallas — known for its … (0 comments)
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Housing rebound: When to spot one - 07/17/08 12:40 PM
An article from CNNMoney.com, reports that real estate is a local game and your region could be doing better than the country as a whole. According to the National Association of Realtors, median prices for existing single-family homes in a third of the country's metro areas are actually higher than they were … (0 comments)
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Zero-energy community unveiled - 07/17/08 12:39 PM
An article from the Rocky Mountain News, reports that a developer unveiled the 250-unit Geos Neighborhood in Arvada. The neighborhood is being touted as the nation’s largest net-zero-energy, master-planned community with construction scheduled to begin this fall. Project developer Norbert Klebl said in a statement, “Geos significantly raises the bar for sustainable residential … (0 comments)
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Are You a Real Estate Professional? Maybe Not, Says IRS - 07/17/08 12:20 PM
From the Realty Times - If you're a real estate investor who has ever taken a real estate loss on your tax return, there is a target on your back. For months, members on my Forum have been complaining about being selected for audit, and losing, based on the IRS's new … (2 comments)
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Democratic Convention-week roadblocks Restrictions affect Speer, Auraria Parkway, light rail, but mayor says downtown staying open - 07/17/08 10:21 AM
As reported in the Denver Post - Two main thoroughfares bordering the Pepsi Center will close during the Democratic National Convention — a move that will affect thousands of commuters and dozens of businesses. Denver Mayor John Hickenlooper downplayed any expected disruptions from closing parts of Speer Boulevard and Auraria Parkway … (0 comments)
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Home Buyers Hopeful About Market - 07/17/08 10:12 AM
An article from Realtor Magazine Online, reports that according to an online survey of potential home buyers, 44% believe the real estate market will improve once the new president takes office. The survey also found that 81% say they remain nervous about the current market. A variety of barriers to buying a … (5 comments)
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Habitat for Humanity plans building 'blitz' - 07/17/08 10:10 AM
An article from the Denver Business Journal, reports that Habitat for Humanity of Metro Denver will hold its 2008 “Home Builders Blitz” Aug. 16-22 in Aurora. During that time, six local builders will construct four, single-story houses at 18th Street and Altura Boulevard. Habitat Denver marketing manager Robyn Burns said, “This … (0 comments)
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Summer Skill-Building Techniques - 07/14/08 11:57 AM
Summer Skill-Building Techniques, an article from RealtyTimes.com, reports that there are a few ways to help today's real estate agents make the most of their summertime. First, take a CRS course. These accredited courses, which may take only one or two days to complete, offer a variety of topics and tools to help brokers … (0 comments)
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Lease rates, new construction see increases - 07/14/08 11:55 AM
Lease rates, new construction see increases, an article from the Denver Business Journal, reports that despite the sluggish national economy, metro Denver's commercial real estate market held its own in the first half of 2008 because of the area's relatively strong economy, with some kind of improvement in most types of … (0 comments)
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FHA's MI Policy Changes Today - 07/14/08 11:52 AM
Just a quick reminder that effective today, July 14, FHA is changing its mortgage insurance (MI) policy. In the past, every borrower paid the same up-front MI and the same monthly MI. Starting today, the MI rates vary depending on the borrower's credit score and the loan-to-value ratio. Make sure your mortgage … (2 comments)
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Daily Rate Lock Advisory - 07/13/08 10:27 PM
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Investor Report: Student Housing Performing - 07/11/08 12:19 PM
An article from RealtyTimes.com, reports that in major college and university towns, student housing has been one of the steadiest performing niches in real estate throughout the current down cycle. The great news for investors is Freddie Mac is launching a new loan product for this segment called the "Student Housing Mortgage." … (1 comments)
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Colorado remains seventh in June foreclosures - 07/11/08 12:18 PM
An article from the Denver Business Journal, reports that according to data released by RealtyTrac Inc., Colorado's foreclosure rate was the seventh-highest in the nation in June, the same place it held in May. In June, Colorado had 4,878 properties in foreclosure, or 1 in every 429 households. Colorado's foreclosure rate was … (0 comments)
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Daily Rate Lock Advisory - 07/10/08 02:59 PM
Thursday's bond market has opened down slightly following unfavorable results in today's only economic news. The stock markets are mixed with the Dow down 5 points and the Nasdaq up 4 points. The bond market is currently down 4/32, which should keep this morning's mortgage rates near yesterday's levels.The Labor … (0 comments)
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Mortgage Tip - 07/10/08 02:45 PM
If one of your buyers doesn't qualify for a loan because their debt-to-income ratio is too high, they are allowed to pay off debt in order to qualify for the loan. This applies to both installment debt (car loans, furniture loans, etc.) and revolving debt (credit cards).
For a conventional … (0 comments)
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Downtown Denver Partnership program to improve store facades - 07/10/08 12:29 PM
Wednesday, July 9, 2008 - 12:41 PM MDT
Downtown Denver Partnership program to improve store facades
Denver Business Journal
The Downtown Denver Partnership on Wednesday announced a new Facade Improvement Program that will provide up to $20,000 of matching funds for retail store facades.
The announcement came at the DDP's 53rd … (0 comments)
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Colorado ranks No. 5 in CNBC's survey of Top States for Business - 07/10/08 12:25 PM
business
Colorado ranks No. 5 in CNBC's survey of Top States for Business
By The Denver Post
Article Last Updated: 07/10/2008 01:51:34 AM MDT
CNBC announced Wednesday that Colorado ranked No. 5 among America's Top States for Business with a score of 1,135 out of a possible 2,021 points … (1 comments)
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5 Ways to Build an Online Marketing Relationship with Your Clients - 07/10/08 12:16 PM
An article from RISMEdia.com, reports that according to real estate newsletter marketing expert Simon Payn, as the housing market in the United States shifts, successful Realtors are focusing on traditionally effective marketing techniques to make sure they thrive. Payn said, “Realtors who want to continue being successful understand the need … (3 comments)
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Weld, mountain counties see rapid growth - 07/10/08 12:15 PM
An article from The Denver Post, reports that according to new data released by the U.S. Census Bureau, many of Colorado's mountain and rural counties are growing faster in population than the state's metro-area counties. Weld County saw a 33% increase in population since 2000, adding almost 61,000 residents. Eagle County, which includes … (0 comments)
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Mortgage Tip - 07/09/08 05:49 PM
Effective August 1, 2008, Fannie Mae is instituting a 2-year waiting period before someone who sells their house in a short sale can qualify for a loan that will be sold to Fannie Mae. Currently, there are no guidelines regarding how long a buyer must wait after a short sale. There will be no exceptions … (0 comments)
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Mortgage Tip - 07/05/08 12:41 PM
We get asked many questions about loan conditions. Here's a brief overview of the different types of conditions and a few examples of each:
-- Prior to docs conditions. These are things that must be reviewed by the underwriter before a final approval (clear-to-close) is issued. Examples: pay stubs, bank statements, … (0 comments)
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Existing-home sales edged up in May - 07/05/08 12:39 PM
An article from MSNBC.com, reports that according to the National Association of Realtors, sales of existing single-family homes and condominiums rose by 2% to an annual rate of 4.99 million units last month. The median price of existing homes sold in May dropped to $208,600, a fall of 6.3% from … (0 comments)
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Retail real estate expected to remain strong - 07/05/08 12:38 PM
An article from the Denver Business Journal, reports that according to a report released by Marcus & Millichap Real Estate Investment Services Inc., metro Denver's retail real estate market should remain "fairly healthy," with absorption of vacant space and higher rents, for the rest of 2008. The report credits the forecast … (0 comments)
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Investor Report: Anti-Flipping Rules - 07/05/08 12:37 PM
An article from RealtyTimes.com, reports that the Federal Housing Administration is temporarily waiving its "anti-flipping" rules and will now insure mortgages on properties that have been owned by the current seller for less than 90 days. According to FHA Commissioner Brian Montgomery, the idea is to help get rid of the … (0 comments)
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Architecture study ranks Denver No. 8 - 07/05/08 12:37 PM
An article from the Denver Business Journal, reports that according to a study by the RMJM Hillier architecture firm, Denver ranked No. 8 on a list of top 10 U.S. cities for architecture and design based on citizen polls. RMJM Hillier design director, Peter Schubert said in a statement, "Good design … (0 comments)
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Mortgage Tip - 07/05/08 12:35 PM
Fannie Mae underwriting guidelines are changing for people who own a primary residence and are buying a new primary residence while retaining their current primary residence as an investment property. Current guidelines allow the buyer to count 75% of the rental income from their current house to qualify, as long as they … (3 comments)
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Old Town Littleton a magnet in any market - 07/05/08 12:34 PM
An article from The Denver Post, reports that Old Littleton or Old Town Littleton is described as Littleton's downtown shopping district and the antique homes around it. The area has been well-preserved and new developers must jump through a hoops before they can change the appearance of the downtown facade. Bill Hopping, … (0 comments)
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Getting Back to the Basics when the Basics have Changed - 07/05/08 12:33 PM
An article from RealtyTimes.com, reports that it is true that real estate works in cycles, the housing market will come back as will business, but it will be a very different type of business. The Real Estate Consulting model is built on a the principle of elevating the role of the real … (0 comments)
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Old Town Littleton a magnet in any market - 07/01/08 05:28 PM
An article from The Denver Post, reports that Old Littleton or Old Town Littleton is described as Littleton's downtown shopping district and the antique homes around it. The area has been well-preserved and new developers must jump through a hoops before they can change the appearance of the downtown facade. Bill Hopping, … (0 comments)
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6 Ways to Achieve Better Balance in Your Life, Career - 07/01/08 05:19 PM
An article from RISMedia.com, reports that most people today are juggling the demands of two-income households while trying to keep current with all the chores, tasks, and information necessary to make informed and wise decisions, not to mention time for family, hobbies, volunteer activities, exercise, socializing and self-improvement. The purpose of balance is to … (1 comments)
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Aurora Colorado's turn to be smug - 07/01/08 05:16 PM
Aan article from The Denver Post, reports that in a new survey comparing salaries and living costs in 69 cities, Aurora ranks second only to Plano, Texas. In the survey conducted by Salary.com, Denver landed No. 22 and Colorado Springs was No. 11. According to Bill Coleman, chief compensation officer at Salary.com, it … (0 comments)
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