Airport plans developing, an article from The Loveland Daily Reporter-Herald, reports that the airport steering committee is working with the Federal Aviation Administration to hammer out a deal regarding a Martin Lind proposal for development at and around the airport.  The airport steering committee consists of the mayors and city managers of Loveland and Fort Collins.  Martin Lind, president and developer of Water Valley in Windsor said, "What we are talking about is opening the airport up for business.  We love this downtown NoCo area, and I would really like this airport to come to life."  Lind has proposed building another fixed-based operator, the fuel station for an airport, at the airport in northeast Loveland.  He would also like to develop more aviation-related businesses around the airport.  Once completed, the business plan will be an attempt for the cities to find a way to use the airport as an economic engine for the region.
http://www.reporterherald.com/news_story.asp?ID=16247

 

Vacation and Investment Property Sales Strong Despite Market Troubles, an article from Mortgage News Daily, reports that according to a study released late last month by the National Association of Realtors® (NAR), second-home sales declined with the overall market in 2007, but second home sales still accounted for 33% of all new and existing home sales.  In 2007, 21% of all homes purchased were for investment purposes compared to 22% the year before.  In addition, 12% of the home purchases were vacation homes, down from 14% in 2006.  Lawrence Yun, NAR chief economist said lifestyle factors and strong demographics remain positive for the vacation home market.  He said, "Investment considerations are secondary for vacation-home buyers, so there is some dormant underlying demand.  A peak of population is moving through the prime years for buying recreational property.  It is welcoming to see investment sales returning to pre-boom sales activity."
http://www.mortgagenewsdaily.com/4172008_Vacation_Property.asp

 

Additional articles that you may find of interest:

 

Foothills Mall owner reassures Fort Collins
http://www.coloradoan.com/apps/pbcs.dll/article?AID=/20080418/NEWS01/804180330/1002/CUSTOMERSERVICE02

 

Developer buys building from Naropa
http://www.bcbr.com/enews.asp

 

Real estate shows keep their value
http://www.usatoday.com/money/media/2008-04-17-realty-tv_N.htm

 

Bargain hunters boost home sales in some markets
http://www.usatoday.com/money/economy/housing/2008-04-16-bargain-hunting-real-estate_N.htm

 

Freddie Mac to Unveil Lenders' Pact
http://online.wsj.com/article/SB120839080312121351.html?mod=RealEstateMain_1

 

Selling Your Home In a Market Full of Foreclosures
http://realtytimes.com/rtpages/20080418_sellhome.htm

 

Investor Report: Spring 2008 "Risk Index"
http://realtytimes.com/rtpages/20080418_investorreport.htm

  

 

http://www.msnbc.msn.com/id/23873252

 

Interesting Times in Real Estate.  While we sit on the bring of some really great rates and programs it sure is sad that noone needing those programs can qualify for them!  What sweet irony.  I personally am working a deal right now with a great buyer.  He is seeking FHA lending and because of the guidelines they have his condo will not qualify for the program.  (the condo needs to be larger then 700 sq feet to meet the guidelines,  it is 694.15 sq feet)

While one would normally be feeling great with rates this low.  it is hard to get excited for me as an investor and broker.  As an investor i have tried to take advantage of these great new programs only to be turned down as they no longer will look at stated income loans.  Although i have paid on time for the last 4 years i guess that is not good enough to earn an exception.  While i have been able to weather this storm I don't think all are so lucky.  The cause of many of these foreclosures according to the powers that be are the exploding adjustable arm loans.  However by tighting the guidelines for loans so much are we not about to see more foreclosures come from those who can not refinance?

I am sure there are many schools of thought on this one.  I am lucky to be in a semi-stable market.  I can't imagine how this must be in a market that is going backwards like AZ. 

 

SAVE THE DATE


Join us on in Denver
for
Green Real Estate 2008
EcoBroker® Annual Conference & Expo with the
Association of Energy & Environmental Real Estate Professionals

This year Green Real Estate 2008 will be an energy-filled two-day conference and expo with national speakers, business building tracks to help maximize your utilization of green real estate tools and resources, and a green products expo that will help take your business and community service to the next level!

Topics for discussion include:

•·    Affordability, durability, comfort, and homeownership

•·    The latest in green finance options for your clients

•·    Working with conservation easements, energy raters, and real estate consumers

•·    The latest energy technologies and real estate applications

•·    Greening the MLS

•·    Grass roots community change

Dates & Location: July 16 & 17, 2008 at the Colorado Convention Center in Denver, Colorado
 

Stay Tuned
Please watch for future emails with the exciting details on national speakers, educational tracks,
and registration links for early registration.

Sponsorship & exhibitor opportunities
Contact rmoehring@ecobroker.com

 

Not in my Backyard! (edit/delete)

 

 

NUNN GLOW.

Local Coverage.

Last Months INFO.

Yesterday was a long day.  We got home at 9:30pm.  It certainly gave me a great amount of appreciation for the jobs that our Elected Officials have in front of them.  HB1161 had it's public hearing in front of the Agriculture, Livestock & Natural Resources Committee.  The bill was introduced by Randy Fischer and John Kefalas and lists these sponsors:
 HOUSE SPONSORSHIP
Kefalas and Fischer, Butcher, Carroll M., Frangas, Gagliardi, Green, Levy, McFadyen, McKinley, Primavera, Riesberg, Solano, Soper, and Weissmann
SENATE SPONSORSHIP
Johnson, and Bacon

The committee heard almost 30 testimonies.  Most of them against the bill by the mining industry, 2 Powertech attorneys, George Robinson from R squared, Dick Clement, and I know at least one other Powertech rep, but I had to step out of the room for a while while they paraded their people (I'm sure you can all understand why --- siggghhhh.)  The Colorado Mining Association spoke in opposition as well as some out of state mining experts who said this bill will have repercussions around the globe.  (WoooHoooo!!! Why shouldn't the mining companies have to clean up their mess)

We met some people from Fremont County who are getting organized because of a threat of in-situ and hard rock mining adjacent to their million $$ homes.  (Funny thing, they are already seeing their property values in huge decline - hmmmmm) 

Jeff, Lilias, me and one woman from Fremont County all had very compelling testimony in favor of the bill.  Matt Garrington from Environment Colorado testified in favor as well.  We were definitely out numbered in bodies in opposition, but the sense was that the committee was getting very tired of the same old "rap" from the U miners and the mining industry.  Our strategy of being low key likely worked in our favor.

Also speaking in favor of the bill was Dr. Cory Carroll (Speaking for the Colorado Med Society and Larimer County Med Society), Larimer County Commissioner Randy Eubanks, and a representative from CCI (Colorado Counties Inc.)

Marsha Looper gave me a big hug and thanked us all for what we are doing.  Kathleen Curry called Dick Clement on the carpet by telling him that people do not approach the capital with a bill unless they are at their wits end.  He might want to examine how his company is doing business.  I saw Dick's ears turn red on that one......  He proceeded to defend himself by telling her we are just all anti-nuke activists (my summary of his words - interesting how not one of our testimonies mentioned nukes.  Just water.)  Buffie McFadyen shared a story of a family member who is sick from heavy metal poisoning because of the U tailings in her district.  Wes McKinley thanked me for our efforts, as well. 

The mining industry is doing their best to sell their position to the committee as a property rights issue (they own the minerals and should have the right to go after them), as well as talking about how they are helping the groundwater to be cleaned up by taking the uranium out (these same testimonies also talked about how the groundwater could never be used as a drinking water source after the mining is completed - Oh yeah, they are making our water better alright.)  They also talked about how much $$ they pump into the economy.  They are selling the fact that the regulations are already great, varied and in place to protect the health and safety of people and the environment, so "please don't  muddy the waters by adding one more piece of law." (my pun)

Everyone - PLEASE TAKE ACTION  Call - write - e-mail....  whatever you can do.  My gut says that we need to especially hit Sonnenberg, McNulty, Rose and Gardner with strong words about how polluted water will effect OUR property rights.  Even if these guys are not your reps, they are serving on this committee that is in place to represent the entire state, so they deserve to hear from you.  Tell them your personal stories.  Tell them how close you are to any proposed uranium mining site.  I have no strong feel either way for Scanlan, Hodge, Curry, or Gallegos.  They need to hear from us too, but maybe not as strongly worded.  Encourage McKinley, McFadyen, Fischer, Looper and Solano to stand strong.  Again tell them all your personal stories.  These are very effective right now.  We have rights as well.  We have rights to clean water and right of use of our property and right to health and safety. 

Below is all their contact information.  Below that even, was my testimony, if it helps give you ideas......

The Bill is in amendment phase right now.  It will be re-heard and voted on on 2/6/08.  Contact all these people ASAP and often.  Spread the word......

Agriculture, Livestock, & Natural Resources Committee

 

Frank McNulty
     303-866-2936

Jerry Sonnenberg
     303-866-3706
     jerry.sonnenberg@state.co.us

Wes McKinley
     303-866-2398
     wes.mckinley.house@state.co.us

Christine Scanlan
    Capitol Phone: (303)866-2952
    E-Mail:christine.scanlan.house@state.co.us

Mary Hodge
    Cap: 303-866-2912
    E-mail: mary.hodge.house@state.co.us

Kathleen Curry (Chair)
    Cap: 303-866-2945
    E-mail: kathleencurry@montrose.net

Rafael Gallegos
    Cap: 303-866-2916
    E-mail: rafael.gallegos.house@state.co.us

Buffie McFadyen
    Cap: 303-866-2905
    E-mail: McFadyen2002@hotmail.com

Marsha Looper
    Capitol Phone: (303)866-2946
    E-Mail: marsha.looper.house@state.co.us

Judy Solano
    Capitol Phone: 303-866-2918
    E-mail: judy.solano.house@state.co.us

 
 
 
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Precision REO

Fort Collins, CO

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Precision REO

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