A market runs on the principle of supply and demand, and the demand this year is slowly increasing. Average sale prices are up and this trend is expected to continue throughout the summer. Right now, everyone acknowledges that inventory is low and demand is high. Look at these encouraging stats. There were 6,786 single-family homes […]
Luxury Home Sales Up
April 5, 2013 by Leave a Comment
There were 43 single-family homes and condos with a price tag of more than $1 million sold in metro Denver this February, which is a 37 percent increase from February 2012. Boulder County had the highest number of luxury homes sold at 13, Denver and Douglas counties came in second at 10 each, and Arapahoe […]
Colorado’s Foreclosure-Filing Rate
April 3, 2013 by Leave a Comment
Colorado’s foreclosure-filing rate is looking brighter. This February, it dropped 20 percent from January and 44 percent from February 2012 For the last couple of years, Colorado has had among the top 10 highest foreclosure filing rates in the nation. Last month, we dropped down to the 16th highest, a significant improvement. The number of […]
Down the Road to Recovery
January 23, 2013 by Leave a Comment
Economists list three primary avenues for housing recovery: better market fundamentals, improved market composition, and more jobs. If job growth continues in 2013, housing should lead the way to economic recovery in Colorado. Here are a few encouraging stats from the fourth quarter of 2012: New Listings increased 7.1 percent Pending Sales decreased 1.3 percent […]
New Years Resolutions
January 11, 2013 by Leave a Comment
Consider a late New Years Resolution of being extra cautious about water waste. According to the results of a three-year federal study of the Colorado River, the river won’t have enough water to support all the people who rely on it throughout the southwest, from metro Denver to California. The Study, which began in January […]
Pocket Neighborhoods
December 3, 2012 by Leave a Comment
Changing demographics are reigniting a hunger for community. For this and other reasons, pocket neighborhoods have a huge potentiality to increase. Pocket neighborhoods represent a pattern of housing that fosters a strong sense of community among nearby neighbors, while at the same time preserving their need for privacy. Examples can be found across the spectrum […]
Governors of Wind Energy States Banding Together
November 20, 2012 by Leave a Comment
John Hickenlooper is one of a group of governors pushing congressional leaders to swiftly pass an extension of the federal production tax credit for wind energy, set to expire at the end of the year. Hickenlooper joined Iowa’s Terry Branstad, Kansas’ Sam Brownback, and Oregon’s John Kitzhaber on a conference call this week supporting the […]
FHA
November 19, 2012 by Leave a Comment
The Federal Housing Administration has released its most recent revisions to the guidelines for condominiums seeking approval for FHA-backed mortgage loans. FHA approval is crucial to marketability for condos, since 30 to 50 percent of condo purchases are made with FHA-backed mortgages. The revisions go into effect immediately and will expire August 31, 2014. With […]
Limon Projects to Increase Wind-Generated Electricity
November 19, 2012 by Leave a Comment
Wind farm operators race the clock to get their projects operating by the end of 2012, when the federal wind Production Tax Credit (PTC) is scheduled to expire. The credit pays wind farm operators $22 per megawatt hour of energy generated. Therefore, before the year ends, we expect to see the amount of electricity Colorado […]
Save Energy For Summer : Flip Your Ceiling Fan Rotation
July 2, 2012 by Leave a Comment
For homeowners with ceiling fans, the change of seasons offers a timely reminder to change the direction in which your ceiling fan blades rotate. It not only cools your home more efficiently, but it can lower your energy bill, too.