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National News
REALTORS® Expect Modest Price Growth in Next 12 Months
(REALTOR Mag, 12/1/14)
With rising inventory and modest expectations of demand growth, REALTORS® responding to the October 2014 survey expected home prices to increase modestly in the next 12 months, according to data gathered from the October 2014 REALTORS® Confidence Index Survey: http://www.realtor.org/reports/realtors-confidence-index[1]. Read More
New-Home Prices Surge Despite Lackluster Demand
(Wall Street Journal, 12/1/14)
Demand for new homes remains soft this year, but the price for those properties is surging. Read More
10 U.S. Real Estate Markets Investors Should Watch
(U.S. News and World Report, 12/1/14)
As with any type of investment vehicle, anyone who wants to succeed in the realm of real estate investing needs to be a studious observer of market trends. Tracking everything from unemployment, job creation, population migration and economic stability, to housing inventory, home prices and rental yields in any particular region is essential. Read More
27 states on track to hit or pass bubble-era home-price peaks soon
(MarketWatch, 12/2/14)
Home prices picked up in October, and more than half of U.S. states are on track to hit or surpass peak bubble-era levels by the middle of 2015, according to a report released Tuesday. Read More
Getting a mortgage is about to get easier
(Yahoo Finance, 12/2/14)
New guidelines go into effect today aimed at making mortgage lending easier. The new standards stem from an agreement in October put in place to clarify when banks would be penalized for making mistakes on mortgages they sell to Fannie Mae and Freddie Mac. Read More
Fed Officials Stress Data Over Dates as Rate Rise Case Builds
(Bloomberg, 12/2/14)
Federal Reserve officials are signaling more confidence in the economy that moves them nearer to raising interest rates, and are stressing the liftoff is linked to data rather than dates to avoid unsettling markets. Read More
Housing expert: Smoother days ahead in 2015
(Los Angeles Times, 12/2/14)
After several bumpy years, the housing market should continue to smooth out in 2015, one of the nation’s leading housing economists says. Read More
2015: Less Affordability, More Credit Availability?
(National Mortgage Professional Magazine, 12/3/14)
In four weeks, 2014 will come to a close. And a pair of new housing predictions issued by Trulia and CardHub, respectively, for next year’s housing market points to a price slowdown, less affordability, improved credit opportunities and a revived interest in private mortgage insurance. Read More
Luxury Home Sales still Ascendant as Buyers Shift
(Mortgage News Daily, 12/3/14)
Redfin, the large national real estate firm based in Seattle, is reporting that, while sales of homes costing over $1 million is still outpacing the rest of the market, the source of these sales is changing. The company says that the luxury housing market, which was the first segment to recover after the housing crisis, continues strong, driven by a record high stock market, low interest rates and by foreign investors.
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60% of REALTORS® Make the Deals
(REALTOR Mag, 12/3/14)
Forty percent of REALTORS® did not close a single transaction in the first six months of this year, according to a newly released REALTOR® Productivity Study of Multiple Listing Service activity conducted by the WAV Group and sponsored by the REALTORS Property Resource®. The survey reflects responses from nearly 335,000 REALTORS®. Read More
Survey: Consumers Optimistic About Housing Market for 2015
(DSNews, 12/3/14)
The level of optimism for the housing market in the U.S. for the fourth quarter of 2014 is at its highest point as it has been at any point during the recovery, according to a recent survey conducted by Trulia.
Read More
Pockets of Housing Bubbles Popping Up Nationally?
(National Mortgage Professional Magazine, 12/4/14)
RealtyTrac has reported identifying county-level housing markets with early warning signs of a possible home price bubble—where prices overinflate and eventually decline. Read More
Moodys: Home sales and homebuilding will take off in 2015
(DSNews, 12/4/14)
Moody's Investors Services is bullish on housing and homebuilding for 2015, as they say the year will start with near-record low inventories of completed and unsold new homes, and low inventories of existing homes. Read More
10 hottest housing markets for 2015
(CNN Money, 12/4/14)
Even though the housing market has been steadily recovering for a few years now, one thing has been keeping it from making a real comeback: first-time homebuyers. Read More
Local News
Residential developer chosen for Denver's Backyard on Blake development
(Denver Business Journal, 12/2/14)
Telluride-based Invent Development Partners has been selected as the residential developer for a new project in Denver's River North district called Backyard on Blake. Read More
Commercial real estate boom could spell trouble for Denver metro nonprofits
(Denver Business Journal, 12/2/14)
A booming commercial real estate market in metro Denver is a good thing for some organizations, but for Colorado nonprofits, it could mean a drastic bump in operating costs. Read More
Metro Denver construction contracts tick up in October
(Denver Post, 12/3/14)
Contracts for new residences and commercial buildings rose across the metro area in October, according to a report Monday from McGraw Hill Construction. Read More
Analysis: Grand Junction home prices up 2.9 percent to 4.3 percent
(The Business Times, 12/3/14)
Housing prices have increased between 2.9 percent and 4.3 percent in Grand Junction over the past year, according to the latest results of monthly analysis by a California-based firm. Read More
Base Village construction work likely to start in 2016
(Aspen Times, 12/4/14)
Related Colorado President Dwayne Romero told a group of real estate brokers Thursday that he expects construction on a roundabout and the second phase of the Viceroy Snowmass, both aspects of the Base Village project, to start in 2016, a year later than anticipated. Read More
Home prices rise in Northern Colorado, Boulder Valley
(BizWest, 12/4/14)
Home sale prices increased 9.5 percent in the Greeley area during the third quarter from the same period a year earlier, more than doubling the national average increase of 4.6 percent. Read More
Landmark condos near Denver Tech Center selling after $20 million makeover
(Denver Business Journal, 12/4/14)
East West Partners just passed its one-year anniversary as owner of The Village Landmark condominium development in Greenwood Village, having spent $20 million to rehabilitate the complex. Read More
Denver City Council adopts Globeville neighborhood plan
(Denver Business Journal, 12/4/14)
The Denver City Council has approved a plan for the Globeville neighborhood, setting forth guidelines for future development in the area. Read More
Purchasing ‘air rights’ part of downtown penthouse landscape
(Aspen Daily News, 12/5/14)
Even Aspen’s air space is worth a hefty price in the lucrative world of real estate. Read More
Affordable rental units getting harder to find in Aspen
(Aspen Daily News, 12/5/14)
Developers’ ‘payment in lieu’ numbers under the microscope. Read More
Plans for 2 vacant properties could create a 'gateway' to downtown Colorado Springs
(Gazette, 12/5/14)
Local leaders involved with projects to revitalize the eastern edge of downtown Colorado Springs elaborated on their vision Thursday for two high-profile properties, discussing embryonic plans to create residential living spaces and take advantage of the city's love of fitness. Read More
Developer stretches for the sky with Denver high-rise apartments
(Denver Business Journal, 12/5/14)
Construction has kicked off at 2166 15th St. in Denver, the future home of a 34-story, 288-unit luxury apartment building in Denver's Central Platte Valley area. Read More
Metrolist: Denver-area home listings fall to record low
(Inside Real Estate News, 12/5/14)
There were only 6,566 active home listings on the Denver-area market last month, a record low inventory number, according to according to a Metrolist report released today. Read More
County’s real estate comeback continues
(Vail Daily, 12/7/14)
About a year ago, Jim Flaum said 2014 might be seen as the year the Vail Valley real estate market really turned around. A year later, Flaum, the managing broker of Slifer Smith & Frampton Real Estate, said the year hasn’t really met his expectations. Read More
Housing seekers find few, if any, options
(Aspen Times, 12/8/14)
With the Aspen-area tourism economy continuing to boom, the market for housing rentals is as tight as ever as the 2014-15 ski season gets underway. Read More
