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Metro Denver EDC competitiveness report
Oct 27th 11
Metro Denver EDC releases annual competitiveness report -
The report includes among Colorado’s strengths the following:
- State’s GDP per employee ranks in the top 15.
- Per capita personal income ranks 14th.
- The state ranks 6th best for economic outlook.
- Colorado ranks 4th for “NASA Prime Contract Awards.”
- Colorado continues to post robust population growth rate – ranking as the 4th-fastest growing state in the country in 2009 and 2010.
- The state maintains high rankings for 4th grade reading proficiency and continues to rank 1st for highest ACT and SAT scores.
- Colorado has the nation’s lowest rate of obesity.
Denver Zoo – Fun but packed.
Oct 21st 10
fun things to do
fun things to do denver colorado
fall colors in denver co
Denver Colorado Condo for Sale 4896 S. Dudley Street
Oct 11th 10
4896 South Dudley Street, Unit 6-12, Denver, Colorado 80123
4896 South Dudley Street, Denver, CO 80123
MLS # 937047
Asking Price $104,000
1,146 Square feet.
Located just off Wadsworth in Denver with super easy access to downtown and the DTC.This is a great opportunity to own an updated condo in Denver Colorado.
Totally remodeled kitchen with new cabinets, flooring and countertops. All new carpet and paint too. Low monthly HOA fees for $125 and super low taxes at $598 per year. HOA covers all exterior building maintenance which will also lower your yearly property insurance. So if you are looking for an investmnet property or an inexpensive place to call home this Denver Condo is for you.
Tax consequences of a Colorado Short Sale.
Buffalo Bill’s Grave Lookout Mtn Denver CO -Fun things to do
Jan 31st 10
Buffalo Bill's Headstone
Looking for an afternoon of fun things to do with your kids in the Denver Metro area?
Head up to Buffalo Bill’s grave site. They have a movie, (TAKE CASH) memorabilia, gifts, souvenirs and of course junk but the views and learning experiance will have the kids asking questions all the way home. My 4 year old now wants to be a buffalo hunter, Army man that rides a horse.
The views alone are worth the trip. you can see to Woming on a clear day and Boulder looks so close you feel like you can touch it.
You can easily get there from I-70 or C-470 right in Golden. Just follow the signs up Lookout Mountain to the guest services building. It’s all well marked.
Forbes Best Places to Buy a Home Now.
Jan 28th 10
For people who want to own a home, the premium to buy-the spread between what they’d spend to rent and what they’d pay for a mortgage-is much lower than the 15-year average in many cities. To determine what cities are smart buys, Forbes magazine computed the premium and also identified locales where economists predict home prices will go up the most over the next five years.Here are the top 10 cities the magazine chose as the best places to buy right now.
1. Boston-Cambridge-Quincy, Mass.
2. Charlotte-Gastonia-Concord, N.C.-S.C.
3. Chicago-Naperville-Joliet, Ill.-Ind.-Wis.
4. Cincinnati-Middletown, Ohio-Ky.-Ind.
5. Denver-Aurora-Broomfield, Colorado
6. Minneapolis-St. Paul-Bloomington, Minn.-Wis.
7. Philadelphia-Camden-Wilmington, Pa.-N.J.-Del.-Md.
8. Portland-Vancouver-Beaverton, Ore.-Wash.
9. San Francisco-Oakland-Fremont, Calif.
10. Washington-Arlington-Alexandria, D.C.-Va.-Md.-W.V.
Source: Forbes, Francesca Levy (01/21/2010)
Real Estate News and Articles for Denver Colorado
Nov 5th 09
When I run across news articles that have an impact on our Denver Metro Housing Market I like to post them up for all to read. Enjoy.
Economist: 6 months until Denver recovers - Recent corporate announcements and an improvement in our region’s business climate bode well for future job growth, according to The Metro Denver Economic Development Corporation (Metro Denver EDC). In its Monthly Economic Summary for November 2009, the EDC highlighted the fact that Conoco-Phillips, SunRun, a San Francisco-based solar energy company, and German-based SMA Solar Technology AG will all start Colorado operations in the next few years. “This is a very big deal for Colorado we’re excited that not only are we being recognized across the country for our renewable energy capabilities, but now, also across the globe,” Metro Denver EDC Chief Economist Patty Silverstein said. “On the residential side those home prices are certainly a bit more stable. Commercial markets we’re still watching very carefully. We’re still determining that there’s going to be a little bit of pain in those markets,” she said.
Denver Economy-6 Months to Recover?
Senate expands homebuyer tax credit, extends jobless benefits - Yesterday, the Senate voted 98-0 to extend and expand the tax credit to include buyers who already own homes. The House is expected to vote on the bill today. Buyers who have owned their current homes at least five years would be eligible for tax credits of up to $6,500. First-time homebuyers — or anyone who hasn’t owned a home in the last three years — would still get up to $8,000. To qualify, buyers in both groups have to sign a purchase agreement by April 30, 2010, and close by June 30.
Home Buyer Tax Credit
Additional articles that you may find of interest:
Denver-area apartment vacancy rates fall
Apartment Vacancy Down
Emerging Trends: “The Bottom is Near!” Predict CRE Forecasters
Emerging Trends in Real Estate
NEWS-Real Estate Market Report for Douglas County-Parker Colorado Real Estate
Oct 30th 09
REAL ESTATE MARKET UPDATE
An Information Service of RE/MAX Alliance/Douglas County
October/2009
Real estate markets are always bottom-up markets. Which means? For a real estate market to sustain itself and flourish, the bottom of the market, that being the less expensive properties, must sell in a timely manner. When the bottom of the real estate market suffers, the entire market is negatively impacted.
The government’s $8,000 tax credit, which ends in late November/2009, unless there is an extension or change in the program, was designed to serve two purposes: (1) provide first-time home buyers an incentive to buy now, and (2) stimulate the housing market by getting entry level homes sold so current homeowners could “move-up” to more expensive properties. The result being that life would be breathed back into the overall housing market.
There were some hurdles to overcome to this seemingly perfect plan. First, with the economy limping along, home values had been driven down in most geographic areas around the country, resulting in a loss of homeowner equity. A home seller considering buying-up now had less cash in their current home to buy-up with. Second, almost overnight the home mortgage industry went from loaning money to anyone with a pulse to being over selective as to whom they would bless with their sacred funds. Finally, the uncertainty of the job market and the high unemployment rate has led to many potential move-up buyers deciding to rent rather than buy. This has resulted in the more expensive homes being forced under the boot of foreclosure or short sale, or they have become rental havens for those individuals choosing not to buy now or not having the ability to buy now.
Below is a brief overview of the absorption rates for single family homes for the Douglas County area through September for the past two years. The Absorption Rate is the length of time it would take for the existing inventory to sell assuming two things happen: (1) the rate of sales activity remains the same, and (2) no new listings come into the marketplace during that period of time (this is not going to happen). (Metrolist MLS is the source of information.)
“NEWS Articles of Interest for the Denver & Douglas County Real Estate Market”
Denver fares better than nation in home resale prices - According to a First American CoreLogic Inc. report released yesterday, Denver-area home resale prices dropped in August year over year, but were down far less than the national average. First American’s LoanPerformance Home Price Index (HPI) showed that metro Denver’s average home-resale price — including sales of distressed homes such as foreclosures and short sales — decreased 1.44% in August from the same month of 2008. Nationwide, resale prices dropped 10.1% in August from August 2008. By comparison, July home prices in the Denver area dropped 2.64% from those of July 2008, and June prices were down 3.21% year over year. However, when distressed sales are excluded, August home prices were down less than 1% — .58% — from the prior-year August. July prices, not including distressed sales, decreased 1.26% and June’s prices dropped 1.68% year over year.
http://denver.bizjournals.com/denver/stories/2009/10/26/daily51.html
Freddie Sees Weekly 30-Year Fixed Rate Pass 5% - The 30-year fixed-rate mortgage averaged 5.03% with an average 0.7 point for the week ending October 29, 2009, according to Freddie Mac’s Primary Mortgage Market Survey. Last week, it averaged 5.00%, and a year ago it was 6.46%. Sales have increased, prices are down and supply is starting to decline, according to Bankrate.com. Susan Wachter, a real estate professor at the University of Pennsylvania’s Wharton School of Business, said in the Bankrate.com survey the housing market is not at a false bottom. “These are strong numbers, but not surprisingly strong numbers,” Wachter said. “The fundamentals are in place for a recovery — however, a slow recovery.”
http://www.housingwire.com/2009/10/29/freddie-sees-weekly-30-year-fixed-rate-pass-5/
Additional articles that you may find of interest:
Building a home yourself without swinging a hammer
http://www.9news.com/money/consumer/article.aspx?storyid=125948&catid=103
Homebuyer Credit Gets New Life
http://www.realtor.org/RMODaily.nsf/pages/News2009102901
How to Tell Mortgage Rates Are Rising
http://www.realtor.org/RMODaily.nsf/pages/News2009102904
FHA 203(k) Loans on the Rise
http://www.realtor.org/RMODaily.nsf/pages/News2009102906
Investor Report: Fannie Mae’s PRP
http://realtytimes.com/rtpages/20091030_investorreport.htm
Positive News for the Denver and Parker Colorado Real Estate Market.
Oct 6th 09
Colorado real estate News
Forbes Ranked Colorado Fourth Best State for Business: Forbes.com’s latest ranking of the best states for business ranks Colorado at No. 4, up from No. 6 last year. The ranking measures six categories for businesses: costs, labor supply, regulatory environment, current economic climate, growth prospects and quality of life. Colorado finished in the top 15 in four of the six main categories, including quality of its workforce (1st), prospects for growth (2nd), and economic climate. read more here
Denver Home Prices Rise Again, Getting Closer to 2008 Levels: Home prices in the Denver area rose in July for the fifth straight month, and prices are creeping closer to where they were a year ago, according to Standard & Poor’s closely watched S&P/Case-Shiller Home Prices Index. read more here
Vestas Hiring Workers for Brighton Plant, Plans Job Fair: Vestas Nacelles America Inc. is recruiting workers for its planned Brighton wind-power factory and will hold a career fair Thursday. Vestas announced last year it will build a $290 million plant in Brighton for assembling wind-turbine nacelles and making blades. The facility is expected to be in operation by next year. The blade factory will employ about 650 people and the nacelle plant will have about 700 employees, Vestas has said. read more here
Record Streak Continues for Pending Home Sales: Pending home sales have increased for seven straight months, the longest in the series of the index which began in 2001, according to the National Association of Realtors®.Lawrence Yun, NAR chief economist, said the housing market momentum has clearly turned for the better. “The recovery is broad-based across many parts of the country. Housing affordability has been at record highs this year with the added stimulus of a first-time buyer tax credit,” he said. read more here
Colorado Mortgage Rates Hit 4.9%, Lowest in Months: Mortgage rates in Colorado dipped to 4.9 percent Tuesday September 29th, their lowest level in several months, and were headed lower Wednesday, Zillow Mortgage Marketplace reported. Local rates for 30-year-fixed mortgages topped 5.3 percent in early August and have been heading more or less downward ever since, according to Zillow data. read more here
Is the Vail Valley Economy Starting to Rebound? The Vail Valley’s giddy boom days of 2007 are long past, but there may be some signs the local economy is starting to show some signs of life. read more here
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Denver No. 7 as Youth Magnet: The Wall Street Journal enlisted the help of six experts to determine the 10 most attractive cities that for attracting young professionals, and profiled the top 5. Denver ranked No. 7. read more here
Anderson Farms Pumpkin Patch in Colorado Fun day for Kids
Oct 4th 09
Took the kids up to Anderson Farms for our annual pumpkin patch outing. Big fun for kids. We didn’t plan it but we ended up running into several other friends with their kids. We also picked up our supply of pumpkins for the season.
Great place to take kids for a day of fun. Easy drive, plenty of food and a warm place to sit if needed and activities to keep all kids moving and entertained.
Anderson Farms
Barn at Anderson Farms
Anderson Farms in Colorado
Fun ride for the kids.
Anderson Farms Petting Zoo.
My brother.
Goat bridge above the crowd.
My sweetie!
Farm Hands taking a break.
Fun for kids at Anderson Farms
Kids having fun at Anderson Farms
Posted via email from stevenbeam’s posterous
Video of Capitol Hill Penthouse home for sale Denver CO.
Sep 10th 09
Capitol Hill Penthouse For Sale
This penthouse in Capitol Hill located in Denver Colorado will be for sale soon. Asking price is to be determined but I can tell you it will be a good value.
- Over 2100 Square Feet.
- East, West and North facing views.
- Bedrooms: 2 + Office and Computer work space.
- Formal Dining room with direct views at the Capitol building and downtown Denver.
- Two bathrooms. Mater bath has a double vanity.
- Granite kitchen.
- Large over sized fireplace.
- Great storage.
- Owner has two parking spaces that can be purchased separately.
- Business center on main floor with meeting room.
- Large gym located on the first floor for your workout secessions.
- Free laundry located in the building.
- Great location on the corner of Grant and 12th.
- Huge mountain and city views.
Posted via web from stevenbeam’s posterous
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