Monday, June 13, 2011

Housing News Digest, June 13

Three years of shadow market predicted
The Denver-area housing is facing more than a three-year supply of distressed properties that are not yet on the market, according to an analysis by Standard & Poor’s Rating Services.

Denver’s 38-month supply of “shadow inventory,” however, is 27 percent lower than the 52-week supply for the 20 metropolitan statistical areas tracked by the closely watched S&P/Case-Shiller Home Price Indices. New York was No. 1, with a 146-month – or more than 12 years – of inventory.

Most States' GDP Shows Economic Growth, but Causes Vary
The day trader in Manhattan and the wheat farmer in Kansas may see the same economic indicators on the 6 o'clock news, but they experience vastly different economic realities.

While figures on unemployment, deficits, trade, and GDP provide snapshots of the nation's economic situation, they obscure the fact that economic growth and well-being are anything but uniform nationwide. New data from the Bureau of Economic Analysis on state GDP figures show that 48 of 50 states, plus the District of Columbia, saw annual GDP increases in 2010. Beyond that, however, there are more differences than similarities among the states. While the recession appears to be over for the nation as a whole, it continues unabated in Nevada. Meanwhile, in Nebraska and the Dakotas, the recession never really hit.

Developer chosen for Loveland ACE project
State and local officials gathered in a special meeting at the Loveland council chambers on Thursday, June 9th to announce the choice of United Properties to oversee the development of the Agilent site to an enthusiastic crowd.

Continue reading on Developer chosen for Loveland ACE project - Fort Collins Real Estate |

Large property auction set for next week in Fort Collins
Multifamily buildings in Loveland include 412-424 E. Seventh St., 540 Adams Ave., 705 E. Sixth St., 1344 E. First St., 1441-1453 E. Eighth St., 534-536 W. First St., and 1029-1031 Ferguson Court. Other properties also are available in Fort Collins and Wellington.

Bidders can attend the auction or bid via computer at

Fed to tighten capital rules on more banks
The U.S. Federal Reserve Bank announced plans Friday to broaden its supervision of the nation’s banks, a clear sign that more bankers can expect to face a firmer hand from one of their primary federal regulators.