Category Archives: Area Real Estate News

Colorado foreclosures down 43% from a year ago

By: Heather Draper Reporter-Denver Business Journal Colorado’s foreclosure filings dropped nearly 43 percent in the first half of this year compared with the same period last year, according to RealtyTrac’s mid-year foreclosure report. Colorado had 6,416 properties with foreclosure filings … Continue reading

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Record home prices in June

From: InsideRealEstateNews.com Home prices in the Denver squeaked out another record in June, besting the previous record set in May by a mere $1,307, or 0.35 percent. The average price of a single-family home sold in June was $372,937, compared … Continue reading

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Hitting home: Advice improves homeownership outcomes

By Aldo Svaldi The Denver Post The more financial counseling consumers receive before buying homes, the better the chances they will make sound purchases and avoid defaulting on their mortgages. That’s the logic behind the thousands of hours and millions … Continue reading

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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

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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

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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

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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

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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

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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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Seller’s market makes for quick sales, higher prices

By: Ryan Boldrey – Castle Rock New Press Ron and Jill Olds were hoping for the best when they put their Castle Rock home on the market this April. After being told by a real estate agent a few years … Continue reading

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