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Positive Real Estate news for the Denver Metro Housing Market
Jan 19th 10
Denver Among Top US Cities for 2009 Home-Value Gain: Metro Denver had the third-largest gain in home values among cities nationwide in 2009 through November, with a $10.7 billion increase, according to Zillow Real Estate Market Reports. read more here
Juju: Colorado, Denver Among Nation’s Best Places to Find a Job: Denver is America’s eighth-best city for job seekers, and Colorado ranks No. 8 among the states, according to job search engine Juju.com. read more here
Jabs brings back American Furniture Warehouse to Grand Junction: American Furniture Warehouse is returning to Grand Junction. The Evergreen-based furniture store plans to open its 13th Colorado location on 20 acres. The store closed on the last two parcels of four parcels on the property on Thursday. The price of all four parcels together was about $9.9 million. read more here
Colorado Stocks Enjoyed Big Rebound in 2009: Colorado stock performance improved starkly over 2008, powered by federal stimulus funding and improved market confidence that resisted the notion that another depression loomed, analysts say. read more here
Rates on 30-Year Home Loans Fall to 5.09 Percent: WASHINGTON (AP) – Rates for 30-year home loans inched downward this week, the first decline in a month, but remained above last month’s record lows. read more here
Vinyl Toy Company Kidrobot to Make Boulder its Home: Kidrobot, a New York-based company known for its limited-edition vinyl toys and apparel, is moving its headquarters to Boulder. Paul Budnitz, the company’s founder and president, said that Kidrobot hopes to have the head office operational in Boulder by March or April. read more here
General Dynamics Opens Colorado Data Center; 100 Jobs Expected: A unit of giant defense contractor General Dynamics Corp. has opened a data center in Westminster to support its work for the Department of Homeland Security. read more here
Positive Real Estate News for Colorado
Nov 15th 09
Homebuyer Tax Credit Extended, Expanded: The House of Representatives passed legislation November 5th that would extend and expand the tax credit for first-time home buyers. read more here
Denver Home Resales Rebound in October: Metro Denver home resales increased in October from September, but were down from October of last year, according to a Metrolist Inc. housing report released Friday. read more here
Existing-Home Sales Jump 13% in West, 9.4% Nationwide: First-time homebuyers helped drive up existing home sales nationwide — and especially in the western states, including Colorado — according to the latest figures from the National Association of Realtors. In the West, including Colorado, existing-home sales jumped 13 percent to an annual level of 1.3 million in September — 5.7 percent higher than a year ago. read more here
Colorado Springs Makes Business Weeks ’40 Strongest’ List: Once again, Colorado Springs is in the spotlight for being a great place to live–but this time it’s not for the mountains, the view or the many places to hike, mountain bike or road bike. The Springs is on BusinessWeek’s 40 Strongest U.S. Metro Economies list. The Pikes Peak region ranked 24th on the list, which was compiled using data and analysis from Brookings Institution’s new MetroMonitor study. read more here
SMA Solar Plant to Bring Hundreds of Jobs to Denver: SMA Solar Technology AG, the world’s largest manufacturer of a critical component in solar power generation, said Monday it will invest about $20 million in its first North American manufacturing plant — in Denver — expected to open in the first half of 2010. read more here
Cabela’s Plans Grand Junction Store: Cabela’s Inc. announced today that it will build a 75,000-square-foot store in Grand Junction, the Nebraska-based outfitter’s first retail outlet in Colorado. Work on the store, which will anchor the south end of Mesa Mall at U.S. highways 6 and 50, is expected to begin in early November with the opening in early summer 2010. read more here
Vail Resorts’ Sales of Season Passes Increase 13 Percent: Vail Resorts Inc.’s season-pass sales rose 13 percent in September as skiers eager for powder prepared to make tracks a year after the financial crisis. read more here
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
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
Denver real estate news and positive perspective.
Aug 17th 09
Denver Real Estate Moving Up!
Denver Scores Best Month of 2009 for Home Resales: July home resales in metro Denver were the best of any month yet in 2009, but still down from the same month of 2008, according to Metrolist Inc. data released Friday by member brokers. read more here
Pending Home Sales Up for 5th Straight Month: WASHINGTON (Reuters) — Pending sales of previously owned homes rose at a faster-than-expected pace in June, a real estate trade group said August 4, more evidence the housing market was starting to claw out of a three-year slump. The National Association of Realtors said its Pending Home Sales Index, based on contracts signed in June, rose 3.6% to 94.6. It was the fifth straight month of advance and the first such streak in six years, the industry group said. read more here
Fed’s Beige Book: Region’s Economy Shows “further signs of stabilization”: The economy in Colorado and six neighboring states “showed further signs of stabilization in June,” the U.S. Federal Reserve reported Wednesday in its latest “Beige Book” survey of the region’s business executives. read more here
Louisville, Colorado Named “Best Place to Live”: LOUISVILLE, Colo. – A big honor for one of metro Denver’s smaller suburbs. CNNMoney.com has named Louisville the #1 “Best Place to Live” in America. Just a few miles east of the Rockies, CNNMoney says Louisville has the perfect location, charm and energy, and is “weathering the economic downturn well.” It cited the city’s high-tech, energy and health care industries which make Boulder County’s unemployment rate among the lowest in the state. read more here
Grand Junction Home Prices, Sales on the Rise: The real estate roller coaster is beginning to chug uphill again after months of free falling. The median price of Grand Junction-area single-family homes that sold in the second quarter this year increased to $212,019 from $206,667 in the first quarter. The number of homes sold also increased from one quarter to the other, going from 306 to 504. read more here
ServiceMagic.com Plans to Hire up to 200: Online contractor listing service ServiceMagic.com said Monday it expects to hire up to 200 new employees at its Golden headquarters by year’s end. read more here
Greeley Recommended for Retirement Move: HOUSTON – Greeley is among eight affordable cities for relocating retirees profiled in the September/October 2009 issue of Where to Retire magazine.
read more here
Westminster Seeks Development Proposals for Mall Area: The city of Westminster on Monday started seeking proposals from developers on creating a new, urban-type development on 108 acres anchored by Westminster Mall, one of metro Denver’s largest shopping centers. read more here
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