Friday, September 16, 2011

Housing News Digest, September 16

Northern Colorado home sales falter in first half

Home sales throughout Northern Colorado fell 11 percent in the first half of the year compared to last year, according to a new report from the Everitt Real Estate Center at CSU.

The report released Thursday is not a surprise given the first time homeowners' tax credit in place through June last year that pushed many sales into the first half of the year.

Foreclosures fall in county, state
The number of Larimer County homeowners facing foreclosure dropped during the first eight months of this year compared to 2010, in line with statewide numbers that show both filings and sales decreasing.

However, reports from mortgage bankers in August showed a rise in the number of delinquent home loans in the state.

The mixed bag of numbers, contained in a foreclosure report released today by the Colorado Division of Housing, shows the number of foreclosure filings in Larimer County down 27 percent through August compared to the same period last year.

Tom Martino, bankrupt Troubleshooter, to be featured speaker at wealth-building convention?

On the same day he talked about being humbled by filing Chapter 7 bankruptcy due to alleged real-estate liabilities of $78 million (a figure he disputes), the Colorado Association of Real Estate Investors announced the lineup for October's Real Estate Investors Wealth Building Convention. And guess who's scheduled to talk about "Timing the Market"?

Zocalo apartment coming to Union Station

Zocalo Community Development announced plans today to build the long-expected 220-unit, mixed-use, LEED Gold certified apartment community at 17th and Chestnut streets, adjacent to Union Station.
The 13-story project is being developed in partnership with Principal Real Estate Investors, one of the largest institutional real estate managers in the United States. The project will be the first high-rise apartment project built in the burgeoning Union Station neighborhood.