November 11th, 2013 National News Rising Home Prices Continue Year-Over-Year Trend in September (National Mortgage Professional Magazine, 11/5/13) CoreLogic released its September CoreLogic Home Price Index (HPI) report. Home prices nationwide, including distressed sales, increased 12 percent on a year-over-year basis in September 2013 compared to September 2012. Read More
Annual home-price growth fastest since 2006 (MarketWatch, 11/5/13) Home prices ticked up in September, pushing annual growth to the fastest pace since early 2006, according to data released Tuesday. Read More
Banks offering mortgages with only 5% down payments (CNN Money, 11/5/13) Good news for homebuyers who don't have a lot of cash on hand: Banks are offering loans with down payments of just 5%. Read More
The housing stat you need to watch (CNBC, 11/5/13) Home ownership is now at the lowest rate in 13 years, and it isn't moving much, despite the recovery in home prices. More disturbing, however, is the dramatic drop in household formation. Read More
Colorado MLS adopts BIG technology that could allow it to take back control of listings
(Inman, 11/5/13) Another multiple listing service — Aspen-Glenwood Springs MLS, a 940-member MLS in Colorado’s Rocky Mountains — has brought on board technology developed by Bridge Interactive Group (BIG) that MLSs can use to take back control of the distribution of listings to third-party sites like Zillow, Trulia and Homes.com. Read More
Top Real Estate Execs Cautiously Optimistic on Housing and the Economy (MarketWired, 11/5/13) Top real estate executives see continued improvement in the U.S. economy and housing, but they're not universally bullish on either front, according to 2013 Imprev Thought Leader Survey. Read More The keywords being used to sell homes (MarketWatch, 11/6/13) They’ve got wine cellars and they aren’t afraid to show ’em. Sellers who downplayed their homes’ luxury extras in the midst of the Great Recession — lest a whiff of Wall Street malfeasance offend potential buyers — are reversing that strategy, promoting their wine cellars, private elevators, and more. Read More
Home Prices Rise in Most U.S. Metro Areas (Wall Street Journal, 11/6/13) Median home prices rose in most U.S. metropolitan areas in the third quarter, and several breakout markets had double digit increases—a development that has eroded home affordability in several hot markets in California. Read More
Consumer confidence in homebuying hits all-time low (Housing Wire, 11/7/13) Consumer confidence in housing significantly widened last month, as most taxpayers were turned off by the federal government shutdown and the ongoing debt ceiling debate, taking a toll on American’s outlook toward the housing market. Read More
Experts Predict US Home Value Appreciation to Slow in 2014, Beyond (Zillow, 11/7/13) Home values nationwide have been growing at a breakneck pace for much of 2013 and are predicted to finish the year up an average of 6.7 percent compared with the end of 2012, according to the latest Zillow Home Price Expectations Survey. But that rapid pace of appreciation won’t last forever, and it is expected to slow considerably next year and over the next five years. Read More
Overall Demand for Home Mortgages Expected to Rise (NAHB, 11/7/13) The Federal Reserve Board recently released its quarterly survey of senior bank loan officers. The traditional questions asked by the survey address changes in the standards and terms on, and demand for, bank loans to businesses and households over the past three months. Read More
Local News Colorado Springs named as the #2 best city for conservatives to live (Fox 21News.com, 11/5/13) Is Colorado Springs one of the best cities for conservatives to live? According to a new list, it is. Read More Springs rents rise to record (Inside Real Estate News, 11/6/13) The average apartment rent in the Colorado Springs metro area rose to an all-time high in the third quarter, the second consecutive quarter in which record rents were recorded, according to a report released today by the Colorado Division of Housing and the Apartment Association of Southern Colorado. Read More
Where is Colorado's most expensive housing market? (Denver Business Journal, 11/6/13) A study released Wednesday by Coldwell Banker Real Estate found the most expensive homes listed in Colorado are in Breckenridge. Read More
Residential sales volume tops $1.5 billion in Northern Colorado (Northern Colorado Business Report, 11/7/13) Residential sales volume in three metropolitan areas in Northern Colorado has exceeded $1.5 billion year- to-date, according to data from Information and Real Estate Services. Read More
Routt County real estate volume up 14 percent in 3rd quarter (Steamboat Today, 11/7/13) The latest analysis of real estate trends in seven Colorado mountain counties for the third quarter shows Routt County ranked in the top two with dollar volume up 14 percent compared with the same period in 2012. Read More
Real estate has best month in September (Vail Daily, 11/7/13) For much of this year, local real estate sales stories have had at least some variation of, “transactions are up, but dollar volume (the amount it sold for) is down from last year. September turned that sentence on its head. Read More
Colorado Springs-area home prices and sales rise again in October (Colorado Springs Gazette, 11/7/13) Home sales and prices rose again last month in the Colorado Springs area, as the area's re-sale housing market continued its recovery from the local and national recessions, according to a Pikes Peak Association of Realtors report. Read More
Neighbors to appeal ruling on Boomerang redevelopment (Aspen Daily News, 11/8/13) Neighbors fighting a potential affordable housing project on West Hopkins Avenue are moving to appeal a district court ruling in favor of the developer, although a project representative said a settlement is close that would convert the plans to lodging. Read More