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Monthly Archives: June 2014
Average US 30-year mortgage rate at 4.17 percent
By: The Associated Press WASHINGTON (AP) — Average U.S. rates on fixed mortgages eased slightly this week, remaining near historic lows. Mortgage buyer Freddie Mac said Thursday the average rate for a 30-year loan declined to 4.17 percent from 4.20 … Continue reading
You Don’t Need That Much of a Down Payment
Many consumers are overestimating the down payment they need in order to purchase a home, according to Christina Boyle, vice president and head of single-family sales at Freddie Mac. Consumers believe they need 11 percent to 15 percent in order … Continue reading
Posted in Area Real Estate News
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May 2014 foreclosure filings hit 8-year low in Colorado
By Howard Pankratz The Denver Post Foreclosure filings in Colorado’s largest counties dropped 31.4 percent in May compared to the year-ago month, hitting the lowest level for the month since the state began tracking in 2007. Colorado Division of Housing … Continue reading
Posted in Area Real Estate News
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A CHECKLIST FOR FIRST TIME BUYERS!
BY: GEOFF WILLIAMS The spring homebuying season is in full bloom, and odds are, if you’re reading this, you may be thinking it’s time to finally start looking for your first house. But before you dive in, it’s important to … Continue reading
Posted in Area Real Estate News
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Buyers jump in as inventory and prices rise in Denver metro area
By Howard Pankratz The Denver Post The average sale price for a single-family detached home in metro Denver hit an all-time record of $371,650 in May, but zooming prices aren’t keeping buyers out of the market, Metrolist CEO Kirby Slunaker … Continue reading
Posted in Area Real Estate News
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Economist: Colorado foreclosure filings about as low as they can go
By Howard Pankratz The Denver Post Colorado foreclosure filings may be as low as they can go without a major economic boom, Department of Housing economist Ryan McMaken said Wednesday. Foreclosure filings fell 24.7 percent to 3,441 in the first … Continue reading
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County’s survey finds satisfied residents
Douglas County is a Great Place To Be!! By: Mike DiFerdinando Residents continue to support Douglas County government, counter to trends seen elsewhere, said the head of a company that recently performed a survey paid for by the county. The … Continue reading
Posted in Relocation Information
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