November 2009 Metro Denver Real Estate Snapshot

December 8, 2009

Under contracts drop by 30%, but homes prices up -“We stole buyers in October from November,”     % Change vs   NOV 09 Prior Month Year Ago Single Family (Res + Cond) Active 18,061 -4.67 -17.00 Under Contract 3,444 -29.86 -5.31 Sold 3,599 -9.07 23.25     Avg DOM 81 -12.77 -13.49     [...]

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Colorado ranks 20th for mortgage modification programs

December 7, 2009

There are 9,657  homeowners in Colorado participating in the federal government’s  trial modification program,  shows a government report released obtained by InsideRealEstateNews.com. The U.S. Treasury report shows that Colorado, at the end of October, ranked No. 20th in the nation for the number of homeowners participating. California is No. 1, with 134,609 people in the  [...]

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Federal Housing Tax Credit: Frequently Asked Questions About the First-Time Home Buyer Tax Credit

December 1, 2009

The Worker, Homeownership, and Business Assistance Act of 2009 has extended the tax credit of up to $8,000 for qualified first-time home buyers purchasing a principal residence. It also authorized a tax credit of up to $6,500 for qualified repeat home buyers. Here are some FAQs www.federalhousingtaxcredit.com

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Video of Roxborough Skate park in Littleton, CO

November 24, 2009

Michael, Jack, JD, and Paul skating the Roman pool at the Roxborough skatepark in Littleton, Colorado. [youtube=http://www.youtube.com/watch?v=DYKSqeVQOgc&rel=o]

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Breakfast with Santa

November 23, 2009

at Arrowhead golf course, December 5 & 6th, 9 and 12 pm seating. Santa will be there with gifts for the kiddies. Breakfast with Santa   Saturday, December 5th and Sunday December, 6th 9am and 12pm Seating   Santa will be here with gifts for the kiddies!   Buffet to include: Santa’s Pancakes Rudolph’s Scrambled [...]

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Does this leg remind you of a Christmas movie favorite?

November 18, 2009

Spotted in the Roxborough area. Keep an eye out for it.

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“The Need for Minimum Mortgage Underwriting Stand”

November 18, 2009

This is a great paper on the history of our current mortgage/ housing market situation and how to combat it going forward. Link to Article Remarks by John C. Dugan Comptroller of the Currency Before the Special Seminar on International Banking and Finance Tokyo, Japan November 18, 2009

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Roxborough Realtor who loves her job!

November 16, 2009

I had coffee last week with Kim DeGrande of Remax Professionals, Inc at the local Starbucks in the Roxborough Marketplace.  I had the pleasure of closing a purchase transaction with Kim this summer.  She went above and beyond when helping her clients sell during difficult circumstances.  Most agents would have given up or dropped the ball at some [...]

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Sharp foreclosure decline in Colorado

November 12, 2009

Colorado saw a sharp decline in home foreclosures in October, both from the previous month and from a year ago, according to RealtyTrac Inc.‘s latest monthly “U.S. Foreclosure Market Report.” A total of 5,047 Colorado properties were in some stage of the foreclosure process in October, down 18.75 percent from September and down 6.08 percent [...]

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October Roxborough Real Estate Stats & Analysis

November 10, 2009

For the Month of October , 17 homes closed in the greater Roxborough area.  2 of those were bank owned and 0 short sales. The average days on market for these sales is 105 days. Sellers are getting approximately 91.5% of their original asking price once they sell. 16 of the sales occurred in the Village, 1 in the Park. The highest priced sale was $495,500 and the lowest [...]

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