2014 Colorado Housing Market

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Of all the housing markets in the US, the Colorado housing market bounced back the quickest following the aftermath of the housing bubble, recession, and economic downturn of 2008. Denver's metropolitan housing market perfectly illustrates the entire state’s positive outlook for both 2014 and the following twelve months. In spring 2013, Denver experienced a regular price boom which experts partially accredit to the massive number of foreclosures … [Read more...]

2013 Colorado Housing Market

Compared to many states, Colorado endured the bursting of the housing bubble relatively unscathed. The state's home prices only dropped 9.5 percent from the first quarter of 2007 through the first quarter of 2012, well below the price plummets of most other states. As the market recovers, Colorado will likely find itself in the middle of the 50 states. The state's home prices are forecast to recover at 3.7 percent over the next year or so, … [Read more...]

Investor Real Estate Market Forecast

Lucky 7 Investor Forecast The Lucky 7 Best Investor Housing Predictor real estate market forecasts for 2008 are intended for investors willing to take a risk buying real estate to make a profit. Housing Predictor forecasts more than 250 local housing markets in all 50 U.S. states and the Lucky 7 Forecast is betting that investors will make a profit in the forecast markets. However, purchasers obtaining financing should be able to handle … [Read more...]

Banks Fight Foreclosure Initiative

By Mike Colpitts A ballot initiative that would force banks to provide proof of ownership before foreclosing on a home is facing a major legal fight in court by bankers, who want to kill the citizen initiated proposal before it makes the ballot. Two big banking associations are battling against the initiative from being placed on the general election ballot in Colorado. Initiative 84 would require lenders to prove they hold legal ownership … [Read more...]

Real Estate Recovery Likely to Produce Higher Home Prices

By Mike Colpitts The fallout from the real estate collapse is starting to see a turn around in some areas of the U.S. Home sales slid 7.4% in March in western U.S. states but fell more modestly in the rest of the country, according to the National Association of Realtors. But home prices in some regions are rising, delivering a promising sign for a nationwide recovery. The national median existing home price was $163,800 at the end of … [Read more...]

2012 Colorado Housing Market

Home sales are picking up in Colorado as lower home prices and mortgage rates drive more buyers into the housing market. The rise in sales will eventually lead to higher prices paid for homes and other properties, but as the region struggles with the economic fallout of the financial crisis the recovery isn’t expected to fully materialize by real estate analysts for sometime. Sales improved during the last part of 2011 for most of Colorado, … [Read more...]

Real Estate Investment Fund President Pleads Guilty

By Mike Colpitts The organizer and former president of a real estate investment fund pled guilty to defrauding investors in nearly a $10-million scam of two large apartment complexes and his investment fund. The plea could result in as long as 30 years in prison for the former funds president. Thomas B. Evans, 47, of Centennial, Colorado entered the plea in U.S. District Court in Denver after being charged with a single count of conspiracy … [Read more...]

Hurricane Irene May Hit $35 Billion in Damages

By Mike Colpitts The economic damages caused by Hurricane Irene as it barrels in on the Atlantic coastline forecast to make landfall in North Carolina could hit as high as $35 billion, according to insurance estimates made prior to the storm even making landfall. However, as scientific modelers race to come up with a dollar estimate on how much damage the massive storm is likely to cause, estimates vary hugely from near $5 billion all the … [Read more...]

Man Convicted in Real Estate Ponzi Scheme

By Mike Colpitts A federal jury has convicted a Colorado man on felony charges related to running a $30 million real estate Ponzi scheme after his son pled guilty to being a partner in the crime spree. Philip R. Lochmiller, Sr. was found guilty of money laundering, mail fraud charges and conspiracy in U.S. District Court. The Lochmillers were indicted by a federal grand jury for the Ponzi scheme that collected at least $30 million from … [Read more...]

Half of Homeowners Qualify for New Mortgage

By Mike Colpitts Only about half of all homeowners would qualify to buy a new mortgage under current more restrictive mortgage lending guidelines. In the U.S. 54% of homeowners with a mortgage would qualify to put 20% down from the sale of their present home, according to Core Logic, which researches the mortgage industry. The bulk of homeowners would have difficulty selling their homes in the current economic environment, despite … [Read more...]