Denver Real Estate Blog

Buying a Home in Denver - Have a Home Inspection Contingency !
Before you buy real estate in Denver Colorado, one of the things you should do is to have the home checked out by a professional home inspector. Buying a home in Denver is expensive enough as it is - why would you choose […]

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California, with 19% of new foreclosures in the third quarter, is a big contributor to the worsening picture.
A record 10% of the nation’s mortgage-burdened homeowners fell behind on their loan payments or were in foreclosure during the third quarter, according to a survey released Friday by the Mortgage Bankers Assn., which said California and […]

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Colorado - Village Homes struggled to secure financing from lenders in the months before filing bankruptcy. In some cases, the company could not get funding until it sold a certain percentage of townhome units, according to Matt Osborn, son of company founder John Osborn.
The company now is seeking approval to access about $2 million in […]

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DENVER - Coloradans and their homeowners associations are working through a new law that governs energy efficiencies with some disputes ending up in court.
House Bill 1270, which prohibited HOAs from effectively prohibiting or unreasonably restricting devices designed to save energy, went into effect on Aug. 6. It did allow associations however to regulate the dimensions, […]

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DENVER - Nearly a third of homeowners who have purchased a home in the metro Denver area in the past five years owe more on them than what they would sell for. Denver ranked 41st out of 163 metro markets for its percentage of homes with negative equity.  Of the 425,000 homes purchased in the […]

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DENVER - Mortgage rates, still hovering at around 6.25 percent for most qualified buyers, remain low by historical standards. There were 25,673 unsold homes on the market in July, giving buyers plenty of choices, although that’s 15.2 percent lower than the unsold inventory a year earlier.
And while a smaller supply of homes usually means higher […]

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DENVER – The illegal production of methamphetamine is booming in Colorado and while police are busting those labs by the dozens, there’s a hidden threat left behind.
Cleaning Up Hazardous Chemicals at Former Meth Labs. Human health hazards can remain after the seizure of a clandestine methamphetamine laboratory.
What is methamphetamine?
Methamphetamine, an illegal substance also known as […]

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Homebuilder Centex is pulling out of the Denver area.
Centex says it will end operations by the spring of 2009. The company has 10 developments from Castle Rock to Fort CollinsThe builder promises to finish all homes that have been sold but not yet started and says it will continue to work on existing homes.
“Clearly, market […]

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Vacancy rate for single-family homes fell to 2.2 percent from 4.1 percent, according to the report authored by Gordon Von Stroh, a business professor at the University of Denver. Record foreclosures in the Denver area have been good for rental homes, driving down the vacancy rate to a seven-year low.
Overall, vacancies in single- family homes, […]

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Home prices in Denver fell 5 percent during the past year, the Standard & Poor’s/Case-Shiller home price index showed. Denver also shows a drop of 1.1 percent between January and February, and a 0.1 percent decline between February and March. The complete 20-city index, published Tuesday, was down 14.4 percent year-over-year. Las Vegas was in […]

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DENVER- Even as the national economy appears to spiral downward, a number of companies are choosing Denver to expand their operations, bolstering the region’s commercial real-estate market. At least three national engineering companies are considering adding staff and increasing their space here.
Denver-based Utility Engineering, which occupies 70,000 square feet in the Park Central Building downtown, […]

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Colorado, by contrast, appears to have made the list largely because of fraud that occurred before the state began its crackdown on the “bad actors” in the business and before it launched aggressive education and counseling programs, such as the foreclosure hotline. For years, Colorado and Alaska were the only states that did not license […]

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Denver, like the rest of the country, has seen a recent spike in the number of foreclosed homes.
Foreclosed homes can be problematic for neighbors in the area. Unlike other empty homes, which are usually under the watchful eye of the owners or a real estate agent, foreclosed homes are often left unattended for […]

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Are your Considering Re-Financing?
With home mortgage interest rates as low as they are and with all the smart people refinancing and buying news homes it is still not enough for some mortgage lenders to make a decent living.
Some unscrupulous lenders are advertising ridiculously low interest rats but failing to really explain why the mortgage interest […]

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DENVER- Whether you are buying your first home, or your fourth, there are five basic things you need to know before you venture into the marketplace.
Know your budget - A thorough financial analysis is crucial. It will determine many of the parameters for your property search. It will help you make the most of your […]

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