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General

Posts filed under General

JULY DENVER AREA HOUSING STATISTICS
3 weeks ago

Both residential and condo sales are down considerably from July of 2009.  The number of closed residential properties were down 24.5% with only 2,632 closing in the month of July vs. 3,484 which c...

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GOOD NEWS-BAD NEWS FOR FHA BORROWERS
4 weeks ago

GOOD NEWS/BAD NEWS FOR FHA BORROWERS (PURCHASE AND REFINANCE)  

Today, August 5, 2010, FHA released an important announcement that will affect all FHA borrowers (purchase and refinance) who start...

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JUNE DENVER AREA HOUSING STATISTICS
on 07/31/10

The housing statistics for June of 2010 were mixed for the Denver Metro area.  Although the average sold price of residential single family and condos were up 5.83% to $273,511 from $258,434 a year...

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WAS THE FIRST-TIME HOME BUYER TAX CREDIT WORTH IT?
on 07/31/10

According to an analysis by InsideRealEstateNews, “The federal home buying tax credit program cost taxpayers an estimated $46.2 million for homes that closed in the Denver area in May and June of 2...

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SELF-DIRECTED IRA'S - A NEW WAY TO BUY REAL ESTATE
on 05/20/10

Did you know that you can invest in real estate with money in your IRA Account?  You can with a self-directed IRA, provided that it is for investment purposes.  That means you can purchase rental p...

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Denver's April Housing Statistics
on 05/11/10

With the First Time Homebuyer Tax Credit ending April 30th, many new homebuyers got in under the wire.  Compared to April of last year, the number of residential properties under contract increased...

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GOOD NEWS FOR THE DENVER REAL ESTATE MARKET!
on 04/23/10

It seems like everyday bad news is being delivered by the media in one form or another.  Whether it’s adjusting unemployment figures higher, horror stories about the unsustainable national debt, or...

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INTEREST RATES ARE TRENDING UP
on 03/26/10

With the U.S. budget deficit reaching unheard of levels ($1.4 Trillion for the fiscal year ending September 30th)  it is anticipated that interest rates will soon start rising.  Former Federal Rese...

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HOME PRICES ARE UP SIGNIFICANTLY OVER 2009 SALES!
on 03/13/10

Up ArrowsAccording to sales figures released by Denver Metro List for the month of February, the average sold price for both residential and condos are up considerably over 2009 figures.  The average sold p...

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HOME BUYERS - DONT MISS YOUR CHANCE TO GET INTO THE HOME MARKET NOW!
on 03/06/10

Uncle SamIf you are a first-time homebuyer or a homeowner looking to move up or possibly downsize from your current home, the next two months may be the best chance for you to make the move!  The government...

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Tax Credits for Replacing Windows, Doors, and Skylights
on 02/24/10

If money seems to be escaping through drafty windows, doors, and skylights, this federal tax credit might make energy-efficient replacements more affordable.

Does it feel like money is escaping th...

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ANOTHER GIFT FROM THE FEDERAL GOVERNMENT!
on 02/15/10

BUY A HOME FOR $200,000 AND RECEIVE $25,000!

As the saying goes, "If it sounds too good to be true, it probably is".  In most instances you can live by that rule, but when you are dealing with the...

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IS THE MAKING HOME AFFORDABLE PROGRAM REALLY WORKING?
on 02/05/10

According to recent figures released by the Federal Housing Finance Agency (FHFA) few struggling homeowners have successfully permanently modified their home loans through President Obama's Making ...

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NATIONALLY HOMES SALES STAY STEADY - BUT PRICES PLUNGE!
on 01/26/10

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FHA TOUGHENS DOWN PAYMENT REQUIREMENTS
on 01/22/10

The Federal Housing Administration will raise the minimum down payment for its least credit-worthy borrowers, the agency announced Tuesday.

The change is among a number of major changes the FHA is m...

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90 DAY FHA SEASONING REQUIREMENT WAIVED FOR FIX & FLIPS
on 01/18/10

On Friday, January 15, 2010 HUD Secretary Shaun Donovan announced that sellers will no longer be required to hold properties for 90 days in order to allow for buyers to secure FHA loans requiring m...

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WHY YOU SHOULDN'T WAIT UNTIL SPRING TO PUT YOUR HOME ON THE MARKET!
on 01/11/10

In years past, conventional wisdom was to wait until Spring to put your home on the market if you were looking to sell.  That is not the case in today’s real estate environment.  With the governmen...

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DENVER POSTS LOWEST YEAR OVER YEAR HOUSING PRICE DECLINE!
on 12/31/09

The S&P's/Case-Shiller report released on December 29, 2009 shows that Denver had the lowest year over year home price decline of the 20 metro areas tracked.  The Denver market showed a decline of ...

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STERLING'S ANNUAL CHRISTMAS CONTRIBUTION TO DENVER CHILDREN'S HOME
on 12/19/09

For a third straight year, the agents of Sterling Real Estate donated a check to the Denver Children's Home to help provide Christmas gifts to the many needy children currently being assisted by De...

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$8,000 HOMEBUYER TAX CREDIT EXTENDED!
on 11/25/09

On November 6, 2009, H.R. 3548 was signed into law by the president. This bill provided a federal extension of unemployment insurance along with the extension of the First Time Homebuyer Credit. Al...

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KIDDIE CONDO LOANS
on 11/24/09

A Kiddie Condo Loan can be a great investment strategy for both college students and parents alike. Despite their relative obscurity, these loans can provide significant financial and lifestyle ben...

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