City of Denver lends a hand to small business - 08/26/08 05:03 PM
An article from the Rocky Mountain News, reports that the city of Denver announced May 1 the Denver Neighborhood Marketplace Initiative, a pilot program from the Office of Economic Development aimed at strengthening neighborhood business districts and their surrounding communities and helping small businesses grow. According to the OED, more than half … (0 comments)
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Mortgage Tip - 08/26/08 05:01 PM
Fannie Mae has issued guidance regarding the amount of time that must elapse before someone can get a new loan when they have had a preforeclosure or a short sale. There is a difference between the two, even though most of us use the terms interchangeably.
A preforeclosure sale occurs when a … (0 comments)
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Who in the World Should You Be Working With? - 08/26/08 04:59 PM
An article from RISMedia.com, reports that in today's market, most agents probably feel they’re after anyone and everyone in the hopes of attracting someone who is looking to buy or sell a home. By “targeting” everyone, your message is bound to be broad and unfocused, and is unlikely to be direct enough to … (1 comments)
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Exterior renovation complete on future home of Sage Hospitality - 08/26/08 04:58 PM
An article from the Denver Business Journal, reports that according to project architect, Klipp, the exterior renovation is complete on the historic downtown Denver building that will become Sage Hospitality Resources LLC’s new headquarters in early 2009. The Sage Building, more popularly is known as the Fontius building, has been largely … (0 comments)
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Martha Stewart drives home sales - 08/26/08 04:56 PM
An article from The Denver Post, reports that a few years ago, Martha Stewart teamed up with KB Home to design a line of homes modeled after her own residences. Last year, they brought the concept to Stapleton. According to MetroStudies, year-to-date sales at KB Home Martha Stewart are 38% higher than the 11 other … (1 comments)
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Falling home prices: The silver lining - 08/26/08 04:54 PM
An article from CNNMoney.com, reports that according to a new report released this week, home prices continue to tumble across the country, making homes more affordable in most U.S. cities. A quarterly report released by the National Association of Home Builders shows nationally, 55% of homes sold from April through … (0 comments)
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Real Estate Outlook: Pending Sales Jump - 08/26/08 04:53 PM
An article from RealtyTimes.com, reports last month, the pending home sales index numbers showed that on a national basis, the index jumped by 5.3%. More importantly, it rose in every region of the country, suggesting that the turnaround underway is broad-based. The index measures signed sale contracts that haven't yet gone to closing and is … (0 comments)
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Four homes going up for Habitat for Humanity Aurora, Colorado - 08/26/08 04:52 PM
An article from the Rocky Mountain News, reports that the busiest home-construction site in the Denver area this week may be a stretch of road east of Interstate 225 and north of Colfax Avenue in Aurora. As part of the Habitat for Humanity Home Builders Blitz 2008, Renaissance Homes started a … (0 comments)
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Mortgage Tips - 08/26/08 04:50 PM
There is a lot of confusion regarding the suspension of the seller-financed down payment assistance programs that are often used with FHA loans. Nehemiah and Ameridream are the two largest organizations providing this assistance.
The federal housing law that was recently passed prohibits these programs for all loans that are not … (0 comments)
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8 Reasons Your Home Hasn’t Sold Yet- Advice for Frustrated Clients - 08/26/08 04:49 PM
An article from RISMedia.com, reports that according to Realtors, the average time between listing and sale has stretched out during the housing slump. Still, there are buyers out there, and it’s possible to sell a property if you take the right steps. One important piece of advice in today's market is the first … (0 comments)
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Stapleton redevelopment on course for 15-year plan - 08/26/08 04:48 PM
An article from the Denver Business Journal, reports that according to the company and those monitoring the project’s progress, developer Forest City Enterprises Inc. is on track as they are nearly halfway through the expected 15-year redevelopment of Denver’s former main airport, Stapleton International. Dick Anderson, former CEO of the … (0 comments)
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25% of home sales result in loss - 08/15/08 03:01 PM
25% of home sales result in loss
Values have fallen so far in many cities that sale prices don't cover what sellers originally paid. That means more hard times before markets recover.
By Les Christie, CNNMoney.com staff writer
Last Updated: August 14, 2008: 3:22 PM EDT
NEW YORK (CNNMoney.com) -- More … (0 comments)
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No Cost Marketing Tools for Your Listings - 08/15/08 02:47 PM
No Cost Marketing Tools for Your ListingsBy: Karen Boyd
It’s a catch-22 for us real estate agents. On one hand, in this highly competitive “FOR SALE”-saturated market, our sellers need us to deliver maximum exposure for their listings, in order to get that coveted “SOLD” sign up in their yards.
But … (1 comments)
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More Biz in Tough Market: Become Completely "Unreasonable" - 08/15/08 02:40 PM
An article from RealtyTimes.com, reports that before you start thinking about giving up on real estate, become unreasonable. Become unreasonably focused on generating more referrals, become unreasonably focused on getting more business and become unreasonably focused on becoming the hardest working, value adding, customer service oriented agent in your market. One suggestion is to … (0 comments)
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What the Federal Housing Bill Really Means for Your Clients - 08/15/08 02:35 PM
An article from RISMedia.com, reports that last month, President Bush signed a bill aimed at giving those entering the housing market a financial boost. Sandy Dunn, president of the National Association of Home Builders said, "First-time home buyers make up about 40 percent of the entire market. They don’t have a home to … (0 comments)
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Urban Village gets neighborhood OK for project - 08/15/08 02:33 PM
An article from the Denver Business Journal, reports that in Lakewood, the West Alameda Heights Neighborhood has approved development of nine acres of land near the Belmar mixed-use project. According to Denver developer, Urban Villages Inc., the neighborhood changed protective covenants that allow for new construction at the location. Residents of the … (0 comments)
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Above and Beyond the Sale: How to Provide Five-Star Service to Your Clients - 08/15/08 02:23 PM
An article from RealtyTimes.com, reports that five-star customer service is known to generate word-of-mouth lifetime referrals and it doesn't cost a penny. Five-star customer service involves great communication with your client. Amazing service throughout the transaction with a fantastic follow-up and a true desire to keep the client connected to your industry for … (0 comments)
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Foreclosure sales dominate - 08/15/08 02:22 PM
An article from the Rocky Mountain News, reports that according to an analysis of the market by Boulder economist Michael Kone, 1 out of every 4 previously owned homes purchased in the Denver area during the heart of the summer sales season was a foreclosure. The report also showed in Adams County, 1 out … (0 comments)
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More Mortgage Tips - 08/15/08 02:19 PM
Fannie Mae announced last Friday that as of the end of the year, they will no longer purchase Alt-A loans. Alt-A loans are loans that fall in between prime loans and sub-prime loans. There are two main categories within Alt-A. The first is loans with reduced documentation requirements, for which the borrower states … (0 comments)
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Open The Doors And Buyers Shall Come—But Prepare First! - 08/15/08 02:09 PM
An article from RealtyTimes.com, reports that Open Houses can be a great way to drive buyer traffic to your home. In today's market, the desire to physically come and see your home starts with a picture on the Internet. Christine Rae owner of Certified Staging Professionals (CSP) and co-author of Home … (0 comments)
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Mortgage Tip - 08/15/08 01:54 PM
Here's a web site that will save you lots of time.
http://publicrecords.netronline.com
It provides access to the public records sites for every county in the nation. If the county does not have a public records web site, it still provides the phone numbers for the county offices you need: assessor, treasurer, recorder, … (0 comments)
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Pending home sales rise unexpectedly - 08/08/08 10:14 AM
An article from MSNBC.com, reports that there is a bit of good news in the housing market as a measurement of pending home sales rose in June. The National Association of Realtors' seasonally adjusted index of pending sales for existing homes rose 5.3% to 89 from May's reading, which was revised downward … (2 comments)
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Denver Metro July sales rise, but prices still off - 08/08/08 10:12 AM
An article from The Denver Post, reports that according to numbers released by MetroList, the number of metro-Denver homes sold in July rose to 5,878, a 3% increase compared with July last year, but median prices for single-family homes and condos dropped significantly. The median price for a single-family home decreased to $229,200, … (0 comments)
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Mortgage closing costs: State rankings - 08/07/08 11:37 AM
-- Posted: Aug. 7, 2008
… (1 comments)
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Mortgage Tip - 08/07/08 11:29 AM
Just a quick reminder about the down payment assistance funds that are available to first-time homebuyers (anyone who has not been on title in the past 3 years) from the Colorado Housing Assistance Corporation (CHAC).
CHAC offers up to $5,000 statewide for closing costs and down payment assistance. The interest rate … (0 comments)
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Moving Away From Heavy Gasoline Use - 08/07/08 11:27 AM
An article from RealtyTimes.com, reports that your housing choice could help offset the cost of gasoline by lowering demand and dependency on its use while easing the environmental impact of burning fossil fuels and sprawl, if you move to a transit oriented development (TOD). According to the Center for Neighborhood Technology (CNT) and … (1 comments)
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2008 seen as peak for Colo. foreclosures - 08/07/08 11:25 AM
An article from the Rocky Mountain News, reports that experts are cautiously optimistic that the foreclosure crisis in Colorado may hit its peak this year. Zachary Urban, who runs the Colorado Foreclosure Hotline said, "We are going to have a record year. What we're seeing for 2008 is that this … (0 comments)
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New law gives homeowners fair compensation for energy - 08/07/08 11:08 AM
A story from 9news.com, reports that Colorado has a new homegrown energy law that helps homeowners harness Mother Nature and save money at the same time. The bill provides "true net-metering" to Colorado, meaning meters would run forward and backward, providing equal credit for power produced and consumed. Owners of wind and solar … (0 comments)
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10 Steps to a Successful, Profitable Website - 08/07/08 11:06 AM
An article from RISMedia.com, reports that in today's market, the Internet offers an alternative to real estate professionals from conventional real estate marketing and sales methods. As a result, thousands of Realtors have rushed toward the use of websites. In order to ensure success in an Internet-based real estate practice, remember the … (3 comments)
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Denver Metro new-home sales plummet - 08/07/08 11:04 AM
An article from The Denver Post, reports that according to a survey by Hanley Wood Market Intelligence, sales of new homes in the seven-county Denver metro area were down 48.6% in June compared with last year, while condo sales were down 61.5% and prices declined 10%. The good news is … (0 comments)
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Mortgage Tip - 08/07/08 11:01 AM
Last week, we sent out details of the new $7500 tax credit for first-time home buyers. Following are some other important changes that are included in the new Housing and Economic Recovery Act that was signed into law last week.
Additional standard tax deduction for property taxes for people … (0 comments)
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Vestas floats growth plans in Brighton - 08/01/08 01:39 PM
An article from The Denver Post, reports that this week, the Brighton City Council approved a resolution to negotiate the sale of a 112-acre, city-owned parcel to Vestas. If built in Brighton, Vestas has told city officials that a new plant could employ 650. Tom Clark, executive vice president of the Metro Denver … (0 comments)
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Apartment project work starts near DU - 08/01/08 01:36 PM
An article from the Rocky Mountain News, reports that in a joint venture with Chicago-based Harrison Real Estate Capital, Denver-based MacKenzie House has started construction on the $60 million-plus Asbury Green apartment community near the University of Denver. According to Don MacKenzie, chairman of MacKenzie House, the 171-unit, four-story development will … (0 comments)
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Mortgage Tip - 08/01/08 01:31 PM
We are often asked if borrowers have to include all of their income on a loan application. Except in the case of a loan where there are maximum income limits (such as CHFA, CHAC, Affordable Housing, etc.), the answer is no. It is always best to submit a loan to underwriting … (0 comments)
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Parade Of Homes Goes 'Green' In Lakewood - 08/01/08 01:29 PM
A story from cbs4denver.com, reports that for the first time, the Parade of Homes is in Lakewood this year. Not only is it considered to be the largest walking tour of luxury custom homes in the United States, this year the homes are green. Vicki Pelletier with the Home Builders Association said, "There going … (0 comments)
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Critic says latest housing help bill won't help enough - 08/01/08 12:40 PM
A story from 9news.com, reports that the housing bill Congress passed is said to be the most important housing legislation in years. However, local critics say it could come at a steep price. According to Zach Urban, administrator of Colorado's foreclosure hotline, the housing rescue bill is one of the largest housing bills … (0 comments)
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Mortgage Tip - 08/01/08 12:29 PM
The housing bill was signed into law on Wednesday and we've got the details. It's 694 pages long and most of it will not affect us directly, but there are a number of things in the act that will have a direct affect on you and your buyers.
The biggest immediate impact will … (1 comments)
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Daily Rate Lock Advisory - 08/01/08 12:23 PM
Friday's bond market has opened down slightly following the release of this morning's economic news that had mixed results but leaned more towards unfavorable to bonds. The stock markets are also in negative ground with the Dow down 74 points and the Nasdaq down 30 points. The bond market is … (3 comments)
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