Tuesday, April 12, 2011

Housing News Digest, April 12

Developer to buy old University of Colorado Hospital site

The former University of Colorado Hospital campus in Denver will be sold to a Florida developer, a university spokesman and the buyer confirmed Monday.

Home market hit post-tax credits
Realtors and others who watch the market closely were anticipating a huge drop in sales activity this spring without the tax credits that last year provided up to $8,000 for first-time buyers who placed a home under contract by April 31, 2010. Under contracts last month were down 3 percent from February. That is only the second times since 1990, that contract activity in the Denver area dropped in March from February on a month-to-month basis. The only other time in recent history that contracts dropped in March from February was in 2003.

CU-Boulder's dorms not just for freshmen anymore

It will cost less for her to live and eat in the dorms next year than it would if she rented an off-campus place -- especially because she can stay there for nine months and not worry about finding somebody to sublease when she leaves for a summer internship in Washington, D.C. The cost factored into her deciding to stay in the dorms her sophomore year.

Volino is among a growing number of non-freshmen who will live on the University of Colorado campus next year.

Boulder considers $5M open space deal to block housing east of city

Boulder officials are considering buying a 243-acre parcel to block development on what they say would be the most ecologically valuable land in the city's open space system.
The $5 million deal would involve the city's Open Space and Mountain Parks department exercising a long-standing right of first refusal on the Windhover Ranch property, one mile north of Valmont Road and a half-mile east of 75th Street in Boulder County.

Private Mortgage Insurers' Cures Outpace Defaults
A group of five major private mortgage insurers reported 48,086 defaults during the month of February, but 53,944 loan cures, according to Mortgage Insurance Companies of America (MICA), a trade association representing the private mortgage insurance industry.