This week a historical settlement of around $25 billion was announced. The settlement includes 5 large banks/mortgage companies: Bank of America, JP Morgan Chase, Wells Fargo, Citi and Ally (used to be GMAC). This is in response to charges that the banks illegally signed foreclosure related documents without the documents… Read More
Which Remodeling Projects Pay Off Most?
You may have decided that instead of changing homes, you will just do some remodeling on your current home or some updating in strategic rooms. But the burning question is, which remodeling projects will give you the best return for your dollar? It’s always been my opinion that a fresh… Read More
Denver Mortgage Lender talks to Buyers
Vickie Hall, Denver Home Finder Service, interviews Gail LaGreca, Senior Loan Officer at Nova Home Loans. Gail gives tips on what to do or not do between loan application and closing on a mortgage loan in the process of buying a Denver metro area home. Lines of Credit, buying new… Read More
Buy when Real Estate is on Sale….
Are you a bargain hunter? We buy new clothes when they are on sale. We buy new TV’s when they are on sale. We buy new cars when they are on sale. We normally buy everything we want and need when that item is on sale. Why? We all want… Read More
Good News for Some Delinquent Homeowners…
Good News for some delinquent homeowners.. Fannie Mae says it will suspend evictions for single-family foreclosures and two- to four-unit properties during the holiday season, from Dec. 19 through Jan. 2, 2012. Just a little Christmas gift from Fannie Mae. Full Article Here If you need help on your real… Read More
Good Economic News For Denver
Did you know that the Brookings Institution this year named Denver as one of the fastest recovering cities in the nation? The Mountain States Employers Council Survey found that 42% of Colorado companies plan to hire new workers in 2011. As of Oct. 1, 2011 our state’s unemployment rate is… Read More
So Little New Construction in Denver area
Another reason to consider buying now is because of the basic supply and demand law of economics. If demand is increasing for housing, and supply is remaining the same, the cost of renting or buying will rise. Only 2,418 new permits for condos, townhouses, and single family homes in the… Read More
Demographics are in Denver’s Favor
Metro Denver Economic Development Corporation is predicting that our population will increase another 1.14 million people by 2035 – that’s a 41% increase. There are 51.5 million potential First Time Home Buyer’s born between 1979 and 1991, roughly 6 million MORE than we saw with Baby Boomers! Forbes Magazine named… Read More
Vacancy Rates are Dropping
Did you know that the Colorado Division of Housing reported that the 2nd quarter vacancy rate for metro Denver was only 2.6%. Denver’s vacancy rate has never been lower. In my opinion, one of the reasons for the rental market to have such low vacancy rates is the number of… Read More
People’s Attitudes & Beliefs About Housing
Prudential Real Estate surveyed Americans in January 2011 and found that 86% of Americans still believe that real estate is a good investment. Do you agree with them? A Trulia survey found that 78% of homeowners say their home is the best investment they ever made. 87% of homeowners and… Read More
