On Thursday January 16th. Northeast Denver Housing Center broke ground on 18 affordable townhomes in the heart of Stapleton. The Northeast Denver Housing Center’s executive Director Gete Mekonnen is joined by District 11 Councilman Chris Herndon and Mayor Michael B. Hancock Phase I is completely reserved. Phase II just released for reservations at pre-construction pricing…. [Read More]
Rental real estate market has legs, experts say
The rental sector’s run at the top of the housing ladder has more staying power than most observers think, according to industry experts speaking at the National Association of Real Estate Editors’ annual conference in Denver. Mark Obrinsky, vice president of research and chief economist of the National Multi-Housing Conference, pointed out that despite the… [Read More]
Americans Sees Biggest Home Equity Jump in 60 Years: Mortgages
Americans are digging themselves out of mortgage debt. Home equity in the first quarter rose to $6.7 trillion, the highest level since 2008, as homeowners taking advantage of record-low borrowing costs to refinance their loans brought cash to the table to pay down principal. The 7.3 percent gain was the biggest jump in more than… [Read More]
10 cities with collapsing home prices
Unemployment, foreclosure and falling prices Nationally, home prices are projected to decline 4% by the end of this year, according to Fiserv Case-Shiller’s latest report. Most of the country’s largest metropolitan areas will not escape this fate. In fact, in all but 50 of the 384 metropolitan areas examined, home prices are projected to decline… [Read More]
Denver housing market second in nation for quick sales
New advice from the trenches on buying a home: Look early. Think fast. Hone your quick-draw skills with the checkbook. Metro Denver’s real estate market, not long ago a buyer’s domain, suddenly has shifted to a seller’s paradise, at least in some neighborhoods and price ranges. Realtors’ offices are rife with fresh anecdotes of sellers… [Read More]
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