In The News – April 1 2016

 Real Estate News and Information

Real Estate News

National News

 

The Housing Crisis Never Really Ended
(Fortune, 3/25/16)
It just changed its shape. Read More

One homebuilder executive perfectly summarized America’s new housing crisis
(Yahoo, 3/26/16)
America is entering a new housing crisisRead More

10 States Where Home Prices are Rising Fastest
(DSNews, 3/28/16)
Home prices have been consistently rising for the last few years and although the pace has slowed, they are still ticking upward in these 10 housing markets.  Read More

Pending Home Sales Up, as Prices Remain Flat
(National Mortgage Professional Magazine, 3/28/16)
Pending home sales took a vibrant leap upwards, but home prices saw relatively little positive movement, according to a pair of new data releases. Read More

Home Prices Up Again, Raising a Red Flag
(National Mortgage Professional Magazine, 3/29/16)
Home prices continued their upward movement, according to the latest data from the S&P/Case-Shiller Home Price Indices. But will this transactional trend create more harm than good for the overall housing market? Read More

Robert Shiller: We’re not in a housing bubble… yet
(Yahoo, 3/29/16)
Home values in 20 U.S. cities are still climbing as a tight supply helps push prices higher. The S&P/Case-Shiller 20-City Composite Index rose 5.7% in January year-over-year, on the heels of a 5.6% annual gain in December.  Read More

Pending home sales rise boosts housing market optimism
(Realty Biz, 3/29/16)
Pending home sales, a forward-looking indicator based on contract signings, reached a new seven-month high at the end of February, thanks to a big boost of sales activity in the Midwest, according to the National Association of Realtors (NAR).  Read More

Lennar Posts Delivery Gains, Pointing to Rebounding Housing Market
(Wall Street Journal, 3/29/16)
Home builder Lennar Corp. continued to log another quarter of double-digit percentage gains in key metrics, pointing to a recovery in the U.S. home market.  Read More

STRATMOR: TRID Is Boosting Customer Satisfaction
(Mortgageorb, 3/29/16)
One of the big questions mortgage lenders and others involved in the mortgage process have been asking for the past year is whether the Consumer Financial Protection Bureau’s (CFPB) new TILA-RESPA Integrated Disclosure (TRID) rules will result in any measurable improvement in customer satisfaction.
Read More

Mortgage applications fall 1%, dragged down by fewer refinances
(CNBC, 3/30/16)
Spring home buying season has kicked into high gear, but it wasn’t enough to boost mortgage applications, which fell by 1 percent last week from the previous week, the Mortgage Bankers Association reported. That was largely due to a drop in refinancings, which slipped 3 percent.
Read More

Since the Recession, We’re Spending Again—But With Less Income
(Wall Street Journal, 3/30/16)
U.S. household spending has fully recovered since the latest recession, but income hasn’t, squeezing budgets and pushing many lower-income families into the red, according to a Pew Charitable Trusts report out Wednesday.  Read More

AMI to CFPB: Don’t ignore investor concerns, TRID does cause issues
(HousingWire, 3/31/16)
The initial shockwave from TRID is over, replacing beginning fears and worries with solid evidence of what the new rule is doing to the mortgage industry.  Read More

 Is Housing Poised to Return to Pre-Crisis Glory?
(DSNews, 3/31/16)
The recent predictions from analysts of a dark year for housing based on tight inventory combined with rapid home price appreciation and slow wage growth may be a little off base, according to Freddie Mac’s March 2016 Monthly Outlook released Thursday.  Read More



Local News

Boulder and Grand Junction housing markets at risk, index warns
(Denver Post, 3/25/16)
Warning signals are starting to flash for housing markets in Boulder and Grand Junction, but for different reasons, according to a report from Nationwide Economics. Read More

Population boom across the state
(KJCT8.com, 3/25/16)
More people are moving to the Colorado. Mesa County saw a growth of 623 people in 2015. Read More

Housing market improving in Fremont County
(Daily Record, 3/25/16)
Finally, there is some favorable news in the housing market in Fremont County. Read More

Strong employment, rising rents bode well for retail
(Colorado Real Estate Journal, 3/25/16)
Strong employment growth, decreasing vacancies and rising rents indicate a positive 2016 retail market.
Read More

Annexation for Canyons South development near Castle Rock moves forward
(Douglas County News-Press, 3/27/16)
A revised agreement between Castle Rock and Douglas County allows The Canyons South development off Crowfoot Valley Road to increase its density from 968 units to 1,506 units on the 1,584-acre property.  Read More

The Porches developers to offer half-ownership
(Steamboat Homefinder, 3/27/16)
The developer of The Porches luxury residences on Indian Summer Drive is using a new approach to lure in prospective Steamboat second homeowners — half-ownership.  Read More

Diverse real estate markets showing good signs
(Vail Daily, 3/27/16)
A Colorado title company tracks real estate activity across seven mountain resort counties, but those counties may be more different than alike.  Read More

Denver ranks high among investors, says CBRE
(Colorado Real Estate Journal, 3/28/16)
Denver ranked among the top 10 markets in the Americas for commercial real estate investment in 2016, according to a new report by CBRE Inc.  Read More

Planned “aerotropolis” at DIA means growth for Brighton – study
(Brighton Standard Blade, 4/1/16)
A planned future “aerotropolis” at Denver International Airport has such great economic potential that officials believe it will compete on a global scale.  Read More

10.2% gain in January, Case-Shiller reports
(Denver Real Estate Watch, 3/29/16)
Home prices in the Denver area rose by 10.2% in January compared with January 2015, according to the closely watched Case-Shiller index released this morning.  Read More

Landlords looking to turn office space into residential units
(Canyon Courier, 3/29/16)
A few building owners in Evergreen are taking the initial steps to turn a surplus of commercial office space into marketable residential units.  Read More

Colorado Rockies real estate is no steal
(Denver Business Journal, 3/29/16)
Our hometown Colorado Rockies may be near the bottom of the pile for Major League Baseball team valuations, but real estate around Coors Field tends to carry values 33 percent higher than the rest of the metro area, according to a new report from real estate company Trulia.  Read More

Denver home prices continue streak of double-digit increases in 2016
(Denver Post, 3/29/16)
Metro Denver home prices rose 10.2 percent in January, marking the 12th consecutive month of double-digit annual price increases, according to the latest update of the S&P/Case-Shiller Home Price Indices.
Read More

 

Colorado Springs foreclosure picture continues to improve, new report says
(Gazette, 3/30/16)
Foreclosures that dogged Colorado Springs’ housing market during the Great Recession continue to decline, although homeowners should guard against financial woes like those that led to the surge in distressed properties, one real estate agent says.  Read More

Denver’s red-hot housing market may be cooling, but challenges remain
(Denver Post, 3/30/16)
The Denver metro area must tackle housing affordability or risk losing millennials to less costly cities, Gov. John Hickenlooper said Wednesday at a local housing forum hosted by Zillow.  Read More

Colorado boasts 2nd-lowest construction unemployment rate
(Denver Business Journal, 3/30/16)
Colorado’s unemployment rate in the construction sector dropped to 4.9 percent in February, tied for the second-lowest rate in the nation, down from 7.5 percent during the same period of 2015.
Read More

Denver housing bubble is in apartments, not single-family, expert says
(Denver Post, 3/30/16)
Denver’s single-family housing market, with some of the strongest home-price appreciation and fastest turnover times in the country, often gets pegged as a bubble in the making.  Read More

Appreciation of 14.5% leads the nation
(Denver Real Estate Watch, 3/30/16)
Denver area home prices rose an average of 14.5 percent in February from February 2015, the biggest percentage gain of any market area in the country.  Read More

Rocket City: Denver home prices take off
(Denver Real Estate Watch, 3/31/16)
Maybe Denver should call itself the Rocket City, not the Mile High City. Read More

Adams County launches software tool for building-permit information
(Denver Business Journal, 3/31/16)
Businesses and residents interested in developing or learning more about permits in Adams County now have a new tool at their disposal.  Read More

 Multi-family building boom fueling landlocked Englewood
(Denver Post, 3/31/16)
Just as a huge apartment complex at South Broadway and Hampden Avenue nears completion, another dense multi-family development is springing up a few miles away in EnglewoodRead More

Workforce housing crisis encroaches on Summit County’s animal kingdom
(Summit Daily, 3/31/16)
The affordable housing crisis in Summit County has spilled over into the animal kingdom. Increasingly, desperate shelter seekers are looking for nature-based alternatives to the traditional apartment.
Read More

Denver rents expected to cool off in 2016
(Denver Business Journal, 3/31/16)
Denver multi-family rents are expected to cool off in 2016.  Read More

Conflicting regulations roil short-term vacation rentals in Estes Park
(Denver Post, 3/31/16)
A municipal power struggle is brewing over regulating the number of vacation rentals in Larimer County’s top tourist destination.  Read More

Google’s new campus isn’t the only project transforming Boulder’s 30th Street corridor
(BizWest, 4/1/16)
Google’s campus under construction at 30th and Pearl streets represents the highest-profile development along 30th Street, eventually employing 1,500 workers, but a wave of other projects promises to transform the corridor from the Diagonal Highway south to Walnut Street.  Read More

Colorado ski-town homes more attractive as Front Range housing prices keep climbing
(RealVail, 4/1/16)
With ski season winding down in Colorado’s high country and the Denver-Boulder housing market so strong, real estate experts say Front Range buyers appear to be turning their attention to second-home and investment opportunities in the state’s major ski-town markets.  Read More

 

 

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