Fort Collins housing market stabilizing - Mirroring a positive national report released Tuesday, Fort Collins' housing market is stabilizing, and experts predict the future is bright. For the first time in three years, the S&P/Case-Shiller Home Prices Index recorded nearly a 3% quarter-over-quarter increase, indicating a shift in the housing slump. Locally, experts indicate that shift has been evident in the Fort Collins market for the past few months. In May, median sales price for residential increased nearly 7 percent to $245,000, while attached residential for June rose by 9.5 percent to $162,000.
http://www.coloradoan.com/article/20090826/BUSINESS/908260328/Fort-Collins-housing-market-stabilizing
New-home sales surge 9.6%, mortgage applications up - Two reports released today indicate that there is new life in the housing market. The Mortgage Bankers Association is reporting that mortgage loan applications increased a seasonally adjusted 7.5% the week ended Aug. 21 from a week earlier, as loan rates edged up. According to the Commerce Department, new home sales surged 9.6% in July from June. Home sales rose for a fourth straight month beating expectations. Sales rose to a seasonally adjusted annual rate of 433,000 from an upwardly revised June rate of 395,000. It was the strongest sales pace since September. There were 271,000 new homes for sale at the end of July, down more than 3% from May. At the current sales pace, that represents 7.5 months of supply - lowest since April 2007.
http://www.usatoday.com/money/economy/housing/2009-08-26-mortgage-applications_N.htm
Additional articles that you may find of interest:
Downtown Development Authority looks for partner
http://www.coloradoan.com/article/20090826/BUSINESS/908260329/Downtown-Development-Authority-looks-for-partner
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