The Denver Metro Area Real Estate Blog

Colorado sees low use of stimulus mortgage-modifiction program

2010-03-19T10:52:00Z

Colorado’s use of the federal government’s stimulus-related Home Affordable Modification Program (HAMP) is relatively low as of February, according to a report released Friday by the U.S. Treasury and Housing and Urban Development departments. As of the end of last month, Colorado had a total of 14,320 mortgage-loan modifications related to HAMP — 2,613 permanent modifications and 11,707 active trial modifications, according to the report. A trial modification precedes a permanent...(read more)

Fed holds rates at record lows to foster recovery

2010-03-17T23:04:00Z

WASHINGTON — The Federal Reserve on Tuesday repeated its pledge to hold interest rates at record lows to foster the economic recovery and ease high unemployment. But the Fed's assessment of the economy at its meeting Tuesday was a bit more upbeat. It said the job market is stabilizing, which was an improvement from its January statement when it said the deterioration in the labor market was abating. It also said business spending on equipment and software has risen significantly, also an...(read more)

Price Reduced on 5144 Ladies Tresses Pl in Broadlands

2010-03-11T07:16:00Z

Broadlands, Broomfield - Announcing a price reduction on 5144 Ladies Tresses Pl, a 1,380 sq. ft., 3 bath, 3 bdrm 2 story. Now MLS® $230,000 - Reduced! Seller is motivated and will consider all reasonable offers!Property information

Program to pay homeowners to sell at a loss

2010-03-10T15:10:00Z

NEW YORK - In an effort to end the foreclosure crisis, the Obama administration has been trying to keep defaulting owners in their homes. Now it will take a new approach: paying some of them to leave. This latest program, which will allow owners to sell for less than they owe and will give them a little cash to speed them on their way, is one of the administration’s most aggressive attempts to grapple with a problem that has defied solutions. More than five million households are behind on...(read more)

Denver awarded $29.3 million to boost foreclosure recovery

2010-03-05T22:14:00Z

Denver awarded $29.3 million to boost foreclosure recovery Federal stimulus funds to expand efforts underway to acquire, redevelop and resell foreclosed properties through Neighborhood Stabilization Program The U.S. Department of Housing and Urban Development today announced $29.3 million in Neighborhood Stabilization Program (NSP) funding to benefit Denver. The Denver Office of Economic Development will receive $18,994,444 and Chicanos Por La Causa, Inc. will receive $10,263,440 to address residential...(read more)

Distressed Property Activity Graphs for Denver

2010-03-04T14:45:00Z

Check out my new weekly graph that identifies the Denver Metro area Notice of Defaults as well as Foreclosure Sales by County. I will be providing these graphs on a quarterly basis so you can review the previous quarter's overall distressed property activity. Attached is this week's graph, as well as last quarter's (October-December 2009). Source: First American Title Insurance Company 3/1/2010 Source: First American Title Insurance Company 3/1/2010 Share this with your friends and family…...(read more)

Price Reduced on 5144 Ladies Tresses Pl in Broadlands

2010-03-03T07:10:00Z

Broadlands, Broomfield - Announcing a price reduction on 5144 Ladies Tresses Pl, a 1,380 sq. ft., 3 bath, 3 bdrm 2 story. Now MLS® $235,000 - Price Reduced!.

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Bernanke foresees no rise in interest rates soon

2010-02-25T21:40:00Z

By Paul Davidson , USA TODAY Moving to defuse concerns that an interest rate rise could be just a few months away, Federal Reserve Chairman Ben Bernanke told Congress Wednesday he expects rates to stay "exceptionally low" for an "extended period."In his semiannual report to the House Financial Services Committee, Bernanke cited high unemployment, "subdued inflation trends and stable inflation expectations" as reasons for keeping its fed funds rate near zero. "That's...(read more)

FasTracks West Corridor light rail construction progress report

2010-02-18T17:36:00Z

By Kevin Flynn on February 15, 2010 The West Corridor light rail project is the first FasTracks rail corridor that RTD has under construction. Denver Transit Construction Group – a joint venture of Herzog Corp. of St. Joseph, Mo. , and Stacy & Witbeck Inc. of Alameda, Calif. – has the 12-mile construction zone divided into three areas, and on Friday it gave an update on recent construction progress and a look-ahead to upcoming construction activities in Golden, Lakewood and Denver....(read more)

Rent/Lease Reduced on 1680 Yukon St Unit 1 in Morse Park

2010-02-15T15:17:00Z

Morse Park, Lakewood - Announcing a rent/lease reduction on 1680 Yukon St Unit 1, a 700 sq. ft., 1 bath, 1 bdrm ranch. Now $490 Monthly - 2 Immaculate Units Avail!.

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Price Reduced on 5144 Ladies Tresses Pl in Broadlands

2010-02-13T18:56:00Z

Broadlands, Broomfield - Announcing a price reduction on 5144 Ladies Tresses Pl, a 1,380 sq. ft., 3 bath, 3 bdrm 2 story. Now MLS® $239,000 - Price Reduced!.

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Denver metro home prices soar in January

2010-02-10T20:28:00Z

The Denver Post Posted 02/10/2010 01:00:00 AM MST Median home prices in metro Denver soared in January compared with the same month a year ago, even as sales during the same period declined, according to data released Tuesday. The median price for a single-family home was $210,000, up nearly 16 percent from $181,500 in January last year, according to an analysis of Metrolist data. The median price for a condo was $130,500, an increase of 15 percent over last year's January price of $113,000....(read more)

Fannie to Offer Closing Cost Aid on Foreclosures

2010-02-03T14:39:00Z

Daily Real Estate News | January 29, 2010 Fannie Mae, the largest provider of residential home funding in the United States, announced Friday that it would pay the closing costs on purchases of foreclosed homes in its inventory. The government-controlled company said buyers of qualified properties will get up to 3.5 percent in closing costs, or an equivalent amount for the purchase of new appliances. The goal of Fannie is to clear out the nearly 50,000 properties it has in inventory— listed...(read more)

Price Reduced on 5144 Ladies Tresses Pl in Broadlands

2010-02-03T00:13:00Z

Broadlands, Broomfield - Announcing a price reduction on 5144 Ladies Tresses Pl, a 1,380 sq. ft., 3 bath, 3 bdrm 2 story. Now MLS® $243,000 - .

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Open House in Broadlands on Sunday January 31, 2010

2010-01-30T03:57:00Z

Broadlands, Broomfield - We invite everyone to visit our open house at 5144 Ladies Tresses Pl on January 31 from 12:00 PM to 3:00 PM.

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