Metro Denver Real Estate Blog

Pending Home Sales Show Healthy Gain

vickiehall — Mon, 05 Apr 2010 18:30:57 +0000

Pending home sales rose in February, potentially signaling a second surge of home sales in response to the home buyer tax credit, according to the National Association of REALTORS®.

The Pending Home Sales Index, a forward-looking indicator based on contracts signed in February, rose 8.2 percent to 97.6 from a downwardly revised 90.2 in January, and remains 17.3 percent above February 2009 when it was 83.2. The data reflects contracts and not closings, which usually occur with a lag time of one or two months.

Lawrence Yun, NAR chief economist, says the improvement is another hopeful sign. “The rise in buyer contact activity may signal the early stages of a second surge of home sales this spring. The healthy gain hints home prices are continuing to flatten,” he says. “We need a second surge to meaningfully draw down inventory and definitively stabilize home values.”
Source: NAR

http://www.realtor.org/RMODaily.nsf/pages/News2010040501?OpenDocument

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Easter Events in Centennial/Denver area

vickiehall — Thu, 01 Apr 2010 03:23:29 +0000

This weekend is a wonderful celebration of the Easter Bunny, Jesus’ resurrection from the grave, and the beginning of spring. Here’s some favorite places to go celebrate with the children in the Centennial and Denver area.

*Children’s Museum – Bunny Trail EGGventure – Saturday, April 3rd, 10am – 5 pm – Jump, hop and bounce from one “eggsploration station” to the next. Egg dyeing, animal friends, arts & crafts, music, candy, stories with the Big Bunny and more.

*Heritage Square – Easter Egg Scramble
Saturday April 3, 2010 – Starts at 11:00 A.M.
Meet the Easter Bunny and hunt for eggs filled with candy or prizes.

*Denver Zoo - Sunday, April 4 – Free with admission.
Hop into Denver Zoo and watch the zoo animals including mongoose, polar bears, otters, Arctic foxes and primates get their annual Easter treat – colored eggs! 10 am to 1:15 pm weather permitting

*Highlands Ranch - Easter Egg Hunt at Northridge Park – Starts Sharp at 10 am – Children between 0-11 years are welcome. There will be a special appearance of the Easter Bunny. Members Free – General Public $5.00 – Register

*Easter Bunny Breakfast at Arapahoe Community College - starting at 8 am – The event will include food, games, an Easter egg hunt and a chance to have a photo taken with the Easter Bunny. The breakfast costs $2 per person. Sign up by Friday, April 2nd.

*Parker Easter Egg Hunt - Eight local Parker churches join together each year to create this fun free Easter Egg Hunt for the kids of Parker. Your child will be able to play games, win prizes and see the Easter Bunny. April 3, 2010 – Come promptly at 10:30 am – FREE – O’Brien Park at Parker Road and Mainstreet.

*Wildlife Experience – Spring EGGstravanganza - Guests of all ages will participate in springtime games and crafts and visit egg stations throughout the museum with the price of admissions.

*Red Rocks – Sunrise Service - In 2010, the annual Easter Sunrise service will be held on Sunday, April 4. Music begins at 6:00 AM. Gates at Red Rocks will open at 4:30 AM. You may begin entering the amphitheatre at 4:30 a.m. This is an outdoor service — dress warmly!

*Stapleton Egg Scramble - Saturday, April 3! The Green will be filled with 8,000 eggs filled with Easter toys and candy, supplied by Sunny Bunny. The event is so popular the Easter Bunny is even going to be there. Beginning at 10:00 AM, the Easter Bunny will be available for pictures while everyone anticipates the beginning of the Scramble that starts at 11:00 AM.

*Cherry Creek Jaycees – Del Mar Park - April 3rd at 10:00 a.m. – Annual Easter Egg Hunt at Delmar Park in Aurora

*Roxborough Park - 10 am – The Easter Bunny will come and pass out gifts to the kids, so be sure to bring your camera. The cost is $7.00 per child and includes, one dozen eggs stuffed with candy and prizes, one piñata per age group, a gift from the Easter Bunny, and prizes for games! There will be a cake walk, so please bring a baked good (cake, cupcakes, cookies, etc…)

*Washington Park - 1st Annual Easter Egg Hunt – Join us on Saturday, April 3rd from 1:00pm-3:00pm for the 1st Annual Wash Park Easter Egg Hunt sponsored by New Denver Church! Anyone and everyone is invited. We will literally have THOUSANDS of eggs filled with treats plus face painting, free professional photographer, games, music, drinks, snacks, & more!

*Nightlight Egg Hunt & Minature Golf at Colorado Journey - On Friday, April 2, from 6-9 pm, join the fun of miniature golf at twilight and hunt for eggs under the stars. Ages 4 and under start hunting at 6 pm, the search for ages 5-8 will start at 6:30 pm, and kids over 9 years will begin hunting at 7 pm. Parents are welcome and don’t forget your flashlight.

Happy Easter to you from Vickie Hall, Re/Max Masters.

Denver, Colorado, CO, Easter, Easter Egg Hunt, Easter Celebrations, Stapleton Egg Scramble, Cherry Creek Jaycees, Roxborough Park, Washington Park, Colorado Journey, South Suburban Parks & Recreation, Heritage Square, Arapahoe Community College, Denver Zoo, Children’s Museum, Highlands Ranch, Parker, Wildlife Experience, Sunrise Service

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Bank of America Debuts Plan for Underwater Mortgages

vickiehall — Thu, 25 Mar 2010 19:52:45 +0000

Bank of America will announce a program Wednesday to allow underwater borrowers to systematically reduce the principal they owe over five years, as long as they stay current on payments.

The program targets borrowers who owe more than 120 percent of their home’s worth.

BofA is also expected to reduce principal balances on “payment option” ARMs with negative amortization to as low as 95 percent of property’s value.

Beginning in May, BofA is expected to identify and notify homeowners it believes are eligible for these adjustments.

Source: Reuters News, David Lawder (03/24/2010)

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Metro Denver’s Population Grows 2.1% – Denver Business Journal

vickiehall — Wed, 24 Mar 2010 02:52:16 +0000

The Denver area’s population grew by 2.1 percent from 2008 to 2009, to 2,552,195, the Census Bureau said Tuesday.

It’s the government statistical agency’s last estimate of U.S. metro population until it gets the results of the current official headcount now under way.

The Denver-Aurora-Broomfield “metropolitan statistical area” had 2,500,384 people in 2008, the Census Bureau said. http://tinyurl.com/yf9pa6p

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Should I become a Landlord?

vickiehall — Mon, 22 Mar 2010 20:48:35 +0000

That answer depends on lots of different issues – you must first analyze your financial and practical reasons.

http://tinyurl.com/yz3ufw8

Who do you know that could benefit from this type of information? E-mail me their contact information and I’ll take it from there. I promise to take good care of them. Blog@DreamsCanHappen.com

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Metro Denver Marketing Report January 2010

vickiehall — Sat, 20 Mar 2010 22:14:09 +0000

In reviewing the attached Metro Denver January 2010 Marketing Report, one of the first thing that stands out is the drastic reduction in inventory the last three years – the Active listings dropped from 24,489 in January 2008 to 18,616 in January 2010 – a 24% reduction in the last two years. Less inventory leaves the possibility of the marketing stabilizing.

The Total Days on the Market have also dropped drastically from 113 days in 2008 to 88 days in 2010.

The Median Sold Price has decreased 3.8% from two years ago BUT increased 14.3 % from 2009.

The Average Sold Price shows a similar pattern: a decrease from 6.8% from 2 years ago BUT an increase of 11.8% from 2009 (from $214,974 to $240,258)

To review the report in detail, go here: http://tinyurl.com/yl6ms4p

Who do you know that could benefit from this type of information? E-mail me their contact information and I’ll take it from there. I promise to take good care of them. Blog@DreamsCanHappen.com

Douglas County is one of 10 top wealthiest counties in US

vickiehall — Sat, 20 Mar 2010 23:55:48 +0000

Top-10 Wealthiest Counties in the U.S.
The nation’s wealthiest counties are all suburban retreats outside of large cities, according to an analysis by Forbes magazine. http://tinyurl.com/yedfu9y

Who do you know that could benefit from this type of information? E-mail me their contact information and I’ll take it from there. I promise to take good care of them. Blog@DreamsCanHappen.com