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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 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
Positive Real Estate News for Denver and Parker Colorado
Sep 8th 09
CNBC Rates Colorado #3 in America’s Top States for Doing Business: read more here
ABC News Rates Boulder as a Top 10 Place to Sell a Home in the Nation: Median Home Value: $ 318,900, up 2 percent from a year ago. Property values are up 2 percent compared with five years ago. 61 percent of homes are increasing in value 85 percent of homes were sold for a gain. read more here
America’s Strongest Housing Markets – Boulder #1: Working with data from Zillow.com, BusinessWeek came up with the strongest housing markets by ranking metro areas based on the share of single-family homes for which values rose in the second quarter, compared with the second quarter of 2008. In the top-ranked metro, Boulder, an affluent Denver city that is home to the University of Colorado at Boulder, 59.39% of homes appreciated during the past year, and the median home value rose 2.12% on a year-over-year basis. read more here
Denver makes list of ‘10 Best Places to Grow Up: Good news if you’re looking to raise a family in Denver. The Mile High City is number 6 on the list of “America’s 10 Best Places to Grow Up.” read more here
Study: Colorado 11th in State ‘Economic Performance’: Colorado ranks 11th best among the states in an evaluation of economic performance by the Pacific Research Institute, a free-market think tank. The report, issued August 18th, rates the states using a variety of yardsticks, including gross domestic product, disposable income, private-sector job growth, the poverty and unemployment rates, and in- or out-migration. read more here
Vestas Backs its $1 Billion Worth of Wind Projects in Colorado: When Vestas Wind Systems A/S — the world’s largest maker of wind turbines — decided to build a factory in Colorado, one of the first things it did was send some local hires to Europe. read more here
Consumer Sentiment Improves More than Expected in August: Consumer sentiment rose more than expected in August and expectations hit the highest level since the recession began, indications that Americans’ pessimism about the economy may be lifting. read more here
Positive News for Denver Real Estate
Jun 11th 09
Here are some really great articles showing that the Colorado Real Estate and housing woes may hopefully be working towards an end. Colorado lead the nation into this housing bust by nearly two years. Colorado Real Estate was leading the nation in foreclosures at a time when the rest of the country [east and west coasts were appreciating at unsustainable rates] so it’s only natural that we will pull out if this mess before the rest of the nation. This just proves the point that ALL REAL ESTATE IS LOCAL. Listening to the nightly news when they report national housing stats as though they are local news really has little meaning to your local market so beware of what you take from those wild news reports. Many areas of the Denver Metro are experiencing huge buying surges.
I normally do not like to re post articles from other sources but Jim Renshaw from Land Title makes it too easy to share these with you now.
Denver Tops Rebounding Housing Markets Barbara Corcoran highlights Denver as the number one recovering housing market on NBC’s Today Show saying, “Everything about Denver is pointing Up, Up, Up!” watch video here
Jobs May Recover First in Colorado: If you want to be in the right place when the recovery starts, that place may be in Colorado, Idaho, Oregon, Texas or Washington. The recession didn’t start at the same time in every state, and it won’t end at the same time either. A new forecast from Moody’s Economy.com predicts that jobs growth will return first in those five states, starting in the last quarter of this year. read more here
Colorado Business Conditions Improve, Goss Index Shows: A monthly indicator of expected business activity in Colorado improved in May to its highest level in several months, Creighton University economist Ernie Goss said Monday in his monthly regional Business Conditions Index survey. read more here
City of Grand Junction Selected as Large Community of Year: GJEP nominates City based on economic development accomplishments. Each year EDIE awards are given by the Economic Developers Council of Colorado (EDCC) to acknowledge individual, corporate and community contributions to the economic development of Colorado. read more here
Boulder Named “#1 Town to Live Well” by Forbes: Data came from ZoomProspector.com, a San Francisco-based consulting firm specializing in corporate relocation. It evaluated areas of the country with less than 100,000 people and named Boulder as number one town. read more here
Pending Home Sales Increase Nearly 7 Percent: The Pending Home Sales Index, a forward-looking indicator based on contracts signed in April, rose 6.7 percent to 90.3 from a reading of 84.6 in March, and is 3.2 percent above April 2008 when it was 87.5.Lawrence Yun, NAR chief economist, says buyers are responding to very favorable market conditions. “Housing affordability conditions have been at historic highs, but now the $8,000 first-time buyer tax credit is beginning to impact the market,” he says. “Since first-time buyers must finalize their purchase by November 30 to get the credit, we expect greater activity in the months ahead, and that should spark more sales by repeat buyers.” read more here
Great Article on Colorado from The Economist: read more here
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