FHA Decreases Loan Amounts for Most Denver Area Counties
August 19, 2011 by Bob Schenkenberger · Leave a Comment
HUD, the Department of Housing and Urban Development, has announced the maximum FHA loan amount will be reduced in the Denver area beginning October 1, 2011. The 5 major counties in the area, Adams, Arapahoe, Denver, Douglas, and Jefferson have all been adjusted from a maximum of $406,250 down to $368,000, or -9.5%. FHA loans [...]
Denver Area Home Foreclosures 7/7/2011
July 9, 2011 by Bob Schenkenberger · Leave a Comment
Here are some relevant statistics on Bank Foreclosure of Denver Real Estate for the Week ending 7/7/2011. The term NED refers to Notice of Election and Demand. The NED is the formal document that is issued to the Public Trustee by the lender to formally start the foreclosure action on a home or property. The [...]
Another Sign of Denver Real Estate Recovery
July 6, 2011 by Bob Schenkenberger · Leave a Comment
[facebook_ilike] When it comes to Real Estate market statistics, there is no shortage of data points, prognostications or opinions. Is it better to compare this month to last month, or this month to the same month of last year? Are you better off comparing quarterly because of the seasonal aspect of the real estate market? [...]
Denver Area Market Statistics December 2010
January 10, 2011 by Bob Schenkenberger · Leave a Comment
[facebook_ilike] As a quick recap, December, 2010 combined MLS Residential Statistics had the following changes compared to December of 2009. Increase in the Number of Closed Sales to 2,422 (up 4%) Number of Closed Sales for 2010 compared to 2009 (down 7.1% from 33,114 to 30,777) Average Days on Market increased to 111 days Number [...]
Denver Area Real Estate Statistics Recap
December 14, 2010 by Bob Schenkenberger · Leave a Comment
[facebook_ilike] As a quick recap, November, 2010 combined MLS Residential Statistics had the following changes compared to November of 2009. Decrease in the Number of Closed Sales to 2,142 (down 22.1%) Average Days on Market increased to 108 days Number of Active Listings increased 12.2% to 15,232 Absorption Rate increased to 7.7 months (up 47.2%) [...]
First Time Homebuyers Make Market Impact
November 8, 2010 by Bob Schenkenberger · Leave a Comment
[facebook_ilike] According to the National Association of REALTORS most recent survey of Buyers and Sellers, first time buyers accounted for almost one half of all sales. The survey which covered the period of July 2009 through June 2010 revealed that a whopping 47% of all sales were closed by first timers! This is the largest [...]
October Real Estate Stats for Denver Updated
November 4, 2010 by Bob Schenkenberger · Leave a Comment
Here are the latest showing numbers from my office for the month of October. I closely track the showings per listing each month as it is one of the truest indicators what is really happening in the market place. As you can see, the showings per listing improved again last month, but still are lagging [...]
New HUD Program to Support Unemployed
October 7, 2010 by Bob Schenkenberger · Leave a Comment
[facebook_ilike] *****NEWS RELEASE***** HUD ANNOUNCES ADDITIONAL SUPPORT TO HELP COLORADO HOMEOWNERS STRUGGLING WITH UNEMPLOYMENT 32 States and Puerto Rico Will Receive Funds Through HUD’s Emergency Homeowners Loan Program (DENVER)- U.S. Department of Housing and Urban Development (HUD) Regional Administrator Rick Garcia announced today that HUD will provide $41,286,747, to help struggling homeowners in Colorado through its [...]
Credit Requirements Continue to Tighten for Conventional Loans
September 30, 2010 by Bob Schenkenberger · Leave a Comment
[facebook_ilike] With the tightening of the mortgage industry it is not surprising to learn that Conventional Lenders are mostly requiring a borrower’s credit report to be run twice. Once at the beginning for qualification and approval purposes, and once just before closing to make sure nothing has changed with the borrower’s credit status. Lenders are [...]
August 2010 Denver Area Market Stats
September 28, 2010 by Bob Schenkenberger · Leave a Comment
[facebook_ilike] As a quick recap, August, 2010 combined MLS Residential Statistics had the following changes compared to August of 2009. Decrease in the Number of Closed Sales to 2,474 (down 19.3%) Average Days on Market remained unchanged at 94 days Number of Active Listings increased 16.6% to 17,837 Absorption Rate increased to 7.3 months (up [...]