At a time when housing prices continue to fall in the 20 major housing markets, Denver is outperforming them all.  For November, 2008, the prices dropped only 1.1%, making it the best performer. For the 12 month period ending in… Read More »

Credit scores often determine a person’s ability to make major purchases like a home or car at favorable interest rates or to qualify for credit at all. After a long delay, a revamped credit scoring system, FICO 08, will be… Read More »

In the recent housing economy, only real estate dreamers anticipate that housing values in Denver will be what they once were anytime soon but a recent report has issued the 2009 version of the dream: Housing prices are likely to… Read More »

Foreclosures are still being reported in record numbers across the country, with more to come, but recently released figures for Denver show a reversal of a 12 year trend.  According to RealtyTrac, which compiles statistics nationwide, foreclosures are still increasing… Read More »

The Federal Reserve pushed interest rates lower in December, and mortgage rates quickly followed. According to Freddie Mac, the national average for a conventional 30-year fixed-rate loan fell from 6.1 percent in November to 5.19 percent in late December, the… Read More »

As you can see by the chart below, the average price of a single family residence fell almost 14%.  But, look at the breakout.  Detached single family homes fell a little more that 16%, while condo, townhomes and patio homes… Read More »

In Denver and all across America, a light is dawning.  In tough economic times, people want to be more energy efficient and more environmentally conscious.  Downsizing the home, due to mortgage costs, maintenance issues, or energy concerns, is a growing… Read More »

With foreclosures down statewide and home prices stabilizing, Colorado’s Foreclosure Hotline is still busy.  Calls to the hotline doubled in November, 2008 compared to a modest 32% increase in 2008 through September, 2008.  This increase in call volume is traceable… Read More »

The most recent Case-Shiller Home Price Index for October 2008 for the Denver real estate market shows a seasonal decline of 1.5% and a year over year decline of 5.2% which puts Denver among the three best performing cities out… Read More »