"As the Denver-area housing market moves toward the end of its prime selling season, August sales were down year over year, but selling prices were relatively stable."

To read the entire article, please click on the link.

http://triangle.bizjournals.com/triangle/othercities/denver/stories/2009/09/07/daily32.html

The Denver Business Journal reports that the First Time Homebuyer tax credit is helping the housing market. Currently slated to end on December 1, 2009, there is a push by the National Association of Realtors and the National Home Builders Association to extend it into next year and expand it to all buyers. The housing market is still lagging the rest of the economy. Click the link to read the entire story.

http://www.bizjournals.com/denver/stories/2009/08/31/story15.html?t=email_story

10 Housing Markets Likely to Rebound Soon

Real estate forecasting service Local Market Monitor, which predicts housing market trends for investors and banks, forecasts that housing prices will decline an average of 5 percent through 2010. This prediction includes double-digit decreases in Phoenix, Miami, and Las Vegas.

But then the worst could be over, says CEO Ingo Winzer. As the recession eases, “We’ll see good price increases in many markets,” he reports.

In the following markets, home values are expected to remain level this year but increase in value next year:

Baton Rouge, La.
Buffalo-Niagara Falls, N.Y.
Dallas-Plano-Irving, Texas
Fort Worth-Arlington, Texas
Houston-Sugar Land-Baytown, Texas
Little Rock-North Little Rock-Conway, Ark.
Omaha-Council Bluffs, Neb.-Iowa
Pittsburgh, Pa.
San Antonio, Texas
Syracuse, N.Y.

Here are the 10 largest markets where prices are expected to continue to decline through 2010:

Fresno, Calif.
Las Vegas-Paradise, Nev.
Miami-Miami Beach-Kendall, Fla.
Orlando-Kissimmee, Fla.
Phoenix-Mesa-Scottsdale, Ariz.
Portland-Vancouver-Beaverton, Ore.-Wash.
San Jose-Sunnyvale-Santa Clara, Calif.
Stockton, Calif.
Tacoma, Wash.
Tucson, Ariz.

Sources: Local Market Monitor (09/09/2009) and Realtor.org (09/11/09)

Denver Home Prices on the Rise

The Denver Business Journal reported today that prices of existing homes in the Denver area climbed a tenth of a percent in March from the previous month. This makes Denver one of just two US cities out of 20 in a Standard and Poors survey to see a month to month price rise.

To read the entire article, go to:
http://denver.bizjournals.com/denver/stories/2009/05/25/daily15.html?surround=elf

Just another piece of good news for the Denver housing market, and added incentive to those of you on the fence waiting to buy.

Later,

Allison

Denver - Top City on the Verge of Real Estate Turnaround

May 19, 2009 - Barbara Corcoran, a regular contributor and Real Estate expert for the "Today" show, named Denver as her top pick city on the verge of a Real Estate turnaround.

Click here to watch Corcoran's "Today" show segment on cities on the verge of real estate recovery.
http://www.gawkk.com/housing-markets-most-likely-to-rebound-fail/discuss

Later,

Allison

Big Improvement to First Time Homebuyer Credit

On Tuesday, May 12, Shaun Donovan, US Secretary of Housing and Urban Development, announced a major improvement to the first time buyer tax credit program. The FHA is going to permit its lenders to allow home buyers to use the up to $8000 tax credit as a down payment.

He says FHA's approved lenders will be allowed to "monetize" the tax credit through the use of short term "bridge loans". This will allow eligible home buyers to access the funds immediately at the closing table.

To read the complete article, please click on this link:
http://www.realtor.org/RMODaily.nsf/pages/News2009051202?OpenDocument

The Denver Business Journal reported today that Colorado home foreclosure filings and sales both dropped in the first quarter from a year earlier, a positive sign for the state's economy.

To read the full story, go to: http://denver.bizjournals.com/denver/stories/2009/05/11/daily5.html?surrounmd=elf

Later.

Allison