Real Estate News - Denver, Colorado | Page #35
Denver Real Estate Blog

1. Tax breaks. The U.S. Tax Code lets you deduct the interest you pay on your mortgage, your property taxes, as well as some of the costs involved in buying your home.

2. Appreciation. Real estate has long-term, stable growth in value. While year-to-year fluctuations are normal, median existing-home sale prices have increased on average 6.5 percent each year from 1972 through 2005, and increased 88.5 percent over the last 10 years, according to the NATIONAL ASSOCIATION OF REALTORS®. In addition, the number of U.S. households is expected to rise 15 percent over the next decade, creating continued high demand for housing.

3. Equity. Money paid for rent is money that you™ll never see again, but mortgage payments let you build equity ownership interest in your

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U.S. mortgage rates for 30-year loans rose from 4.71 percent to 4.74 percent this week, according to Freddie Mac. This marks the first time in three weeks that mortgage rates have risen, as the housing market shows signs of recovering. While average rates for 30-year loans–the most common type of mortgage–rose, 15-year rates decreased from 4.08 percent to 4.05 percent, according to the McLean Mortgage Corporation of America. Borrowers enjoyed record-low rates in November of last year, with 30-year mortgage rates at a 40-year low of 4.17 percent. 15-year rates reached an all time low of 3.57 percent. Since then, rates have increased as the housing market shows tentative signs of recovery. Existing home sales jumped 12.3 percent in December, according to the…
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According to a NATIONAL ASSOCIATION OF REALTORS® survey of 3,793 adults conducted by Harris Interactive and released in January 2011, home owners and renters agree that home ownership benefits individuals and families, strengthens our communities, and is integral to our nation’s economy.

Among the findings of NAR’s “American Attitudes About Homeownership” survey:

  • The vast majority of both home owners and renters say that owning a home is a smart decision over the long term. Even in today’s challenging economy, 95% of owners and 72% of renters believe that over a period of several years, it makes more sense to own a home.
  • Home owners are much more likely to be satisfied with the quality of their family and community life than renters. While
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 KENNA REAL ESTATE OFFERING MOST ADVANCED SEARCH CAPABILITIES FOR HOMES IN DENVER

 Kenna Real Estate, a real estate agency based in the Denver Metro area, has expanded their website’s search capabilities to include not only active listings but listings under contract and recently sold. KennaRealEstate.com is now the only Denver-based real estate website with such far reaching resources. Users have always been able to search for-sale and for-rent listings through Kenna’s website. But now, users can search active listings and compare them to those that have entered contract and have sold.  The search will also include recently sold foreclosed properties, alongside the previous ability to search active foreclosure listings.

Although websites like Zillow

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Mortgage Loans That Help People Who™ve Had A Bankruptcy

Just because you™ve had a personal bankruptcy doesn™t mean you can™t a mortgage loan to purchase a new home or refinance an existing one.  What is important to know is the type of bankruptcy you™ve had and how long it has been since it was discharged or time in your repayment plan.

There are two types of personal bankruptcy, the Chapter 7 & Chapter 13.

  • A Chapter 7 bankruptcy is where certain debts are discharged or are eliminated and no longer due.
  • A Chapter 13 bankruptcy is reorganization and/or a restructure of the debts that are due.  Typically the balances, interest rates and payments can be reduced.  The individuals are then put on a payment plan for a certain amount of
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Buying a  Denver HUD home is a great way to purchase an affordable home or invest in real estate in the Denver metro area. But before you jump right into your search, there are some things you should know about the rules and procedures involved in buying a HUD-owned home.

 Denver HUD Home Listings
All Denver HUD homes are listed on the Denver Metrolist Multiple Listing Service (MLS) at their “as-is fair market value," which is determined by a Federal Housing Administration (FHA) appraiser. The price of a HUD home may be reduced or made available through special sales programs if it doesnt receive any acceptable offers after a certain period of time. Prospective buyers can only view HUD-owned homes in the company of a HUD-registered broker or agent.

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When selling your Denver-area home, there are a few basic improvements you can make to ensure you get the most out of the sale. A few weekends' labor can have a huge pay off when it comes time to put your house on the market.

1. Get Rid of Clutter
Basic de-cluttering is the most important step toward preparing your home for the market. What may seem to you like tasteful ornamentation can be distracting to potential homebuyers. Take a few hours to go around your house and minimize the clutter–what accentuates your home's features, and what detracts from them? Sometimes it helps to bring in a neutral third-party to help you rid your house of excess clutter.

2. Freshen Up Your Paint
A fresh coat of paint can go a long way in increasing the appeal of your

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People encountering the world of real estate for the first time are presented with some challenges–jargon being one of them. With so many terms used in real estate listings, contracts and financing, it can be hard to keep them straight. Here's a glossary of common real estate terms to help you through the home-buying process:

Appraisal–An official justification for the price of a property, based primarily on the average price for comparable properties within the same area.

Appreciation–The increase in the value of a property over time due to external factors.

Assessed value–The value of property determined by a public tax assessor for tax purposes.

Bill of sale–A written document that transfers title to personal property from one person or entity to

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Increased foreclosure activity can be a bad sign for the economy, but it also presents some great opportunities for  Denver homebuyers to purchase quality homes at relatively low prices through foreclosure sales. There are several ways to find and purchase foreclosed properties in the Denver area:

Pre-Foreclosure Sales  ie: Denver Short Sales
Some homeowners, in danger of foreclosure, will put their houses on the market advertised as "short-sale" or "requiring third-party approval." This means that they are hoping the lender will except less money than is owed. Pre-foreclosure sales are one way to secure a good deal on a Denver-area home, before it is even foreclosed upon.

Public Trustees Auction
In Colorado, foreclosed homes are auctioned off by the

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Denver Real Estate
The Obama Administration released its January Housing Scorecard last week, which showed increased new and existing home sales, high levels of home affordability, and reduced foreclosure activity alongside unstable housing prices.

Each month, the Housing Scorecard records and analyzes key housing market indicators and highlights the impact of the Obama Administration's housing recovery efforts. According to the report, new and existing home sales increased in December, but remained below levels seen in the first half of 2010. Home affordability remained at record high levels through the end of the year, due in part to record low mortgage rates.

Meanwhile, as lenders reviewed internal procedures related to foreclosure processing, there

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Listing information last updated on May 29th, 2020 at 12:35pm MDT.