IPhone app offers 4 million listings for house hunters
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Government lifts rule discouraging flipping; homes can be bought and resold within 90 days.
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Metro Denver EDC releases 2010 economic forecast - Chief Economist Patty Silverstein discussed key economic activity in 2009 and gave her outlook on the economy for the coming year. http://ping.fm/hkjE3
The Number of “For Sale” Homes in December Drops by Nearly Five Percent, http://ping.fm/XG5lS
Investor Report: HUD Guidance - Investors and others who expect to use FHA financing in connection with a short sale better check out the latest guidance issued by HUD last week. Applicants for new FHA insured mortgages will be turned down - effective immediately - if they participated in a short sale of their principal residence, simply to “take advantage of declining market conditions,” or to “purchase a similar or superior property at a reduced price within a reasonable commuting distance” of the house they disposed of via a short sale. FHA rules generally limit consideration of rental income from a vacated residence as part of the qualifying income to purchase another property.
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Washington Report: Expansion of Tax Credit - Here’s something in the expanded program that hasn’t gotten much attention: The new $6,500 federal tax credit for so-called “move up” buyers took effect immediately upon enactment. That means that potentially hundreds of thousands of Americans who fit the key ownership and income criteria for the new credit are eligible for it … right now. What are those tests? 1) You have to have owned and used your current home as your principal residence for five consecutive years out the past eight; 2) Your adjusted household annual income cannot exceed $125,000 if you file taxes as a single, or $225,000 if you are married filing jointly. To qualify, you must sign a contract to purchase a replacement residence before next April 30, and go to closing on it by June 30, 2010. Although the $6,500 feature has been labeled the “move up” credit, there is nothing in the law forcing anybody to buy a bigger or costlier house. You can downsize or upsize and still get the credit.
http://ping.fm/3cnId
auroraREguy's utter
Real Estate Outlook: Recession is Over - The chairman of the Federal Reserve Board said it publicly - it looks like the recession is over. However, there was a big footnote in Bernanke’s speech on…
auroraREguy's utter
Please watch me tonight August 16th at 9 p.m. on KDVR Fox31 Denver as I continue my crusade to educate consumers about mortgages and mortgage brokers.
by: auroraREguy
when: 5 hours ago
Please watch me tonight August 16th at 9 p.m. on KDVR Fox31 Denver as I continue my crusade to educate consumers about mortgages and mortgage brokers.
auroraREguy's utter
Fewer US home sellers cut asking prices in July - Denver and Raleigh-Durham, North Carolina, had the smallest price cuts, with list prices in both metro areas cut on average by 5%, according to…
Fewer US home sellers cut asking prices in July - Denver and Raleigh-Durham, North Carolina, had the smallest price cuts, with list prices in both metro areas cut on average by 5%, according to ZipRealty. Markets with the lowest percentage of price-reduced homes were: Denver - 31.7%; Bakersfield/Fresno, CA - 35.2%; and the San Francisco Bay Area - 37.7%, indicating that prices in these real estate markets may be stabilizing.
http://www.reuters.com/article/bondsNews/idUSN0633888220090806
auroraREguy's utter
Despite struggling economy, Denver still attracts business - Metro Denver’s solid reputation as a great place to live means the business and economic climate will be on the rebound sooner than most…
Despite struggling economy, Denver still attracts business - Metro Denver’s solid reputation as a great place to live means the business and economic climate will be on the rebound sooner than most locales across the nation, according to a new economic summary. The summary data was recently compiled for August by the Metro Denver Economic Corporation (Metro Denver EDC). “We are continuing to report a better-than-average outlook for Metro Denver’s economy,” Tom Clark said, executive vice president of the Metro Denver EDC. “We have done a much better job at diversification of our economy in sectors on the cutting edge for long term growth.” Colorado is a leader in the growing areas of Internet technology, aerospace and alternative energy.
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Report: Colorado, Denver outperform nation on home-resale prices, an article from The Denver Business Journal, reports that both metro Denver and the state of Colorado outperformed most of the rest…
Report: Colorado, Denver outperform nation on home-resale prices, an article from The Denver Business Journal, reports that both metro Denver and the state of Colorado outperformed most of the rest of the country when it comes to prices of home resales. According to the LoanPerformance Home Price Index (HPI), the Denver-Aurora-Broomfield area had one of the lowest decreases in home-selling prices at 1.86% in May year over year. Month over month, the Denver area showed a .49% decrease in home prices in May. Colorado as a whole posted one of the smallest decreases in home selling price a few months ago, at 3.34% year over year.
http://www.bizjournals.com/denver/stories/2009/07/20/daily55.html
