Friday, September 9, 2011

Housing News Digest, September 9

Backer of Loveland's ACE park interested in sharing ownership
LOVELAND -- The Colorado nonprofit agency behind the ACE technology manufacturing park is telling potential developers of the project that it is looking for more than just real estate services.

It is interested in sharing ownership of the Agilent Technologies Inc. campus, the chosen site for the project.

Teams from two Front Range development companies got a briefing Thursday from organizers of the Aerospace Clean Energy Manufacturing and Innovation Park.

Loan rates suffer from regulation strangulation
More local data also indicates an increase in multi-family projects. A report by the Colorado Division of Housing shows that the number of multi-family housing permits in Colorado increased 42 percent year-over-year from the first half of 2010 to the first half of 2011. Larimer County was one of the top three counties for multi-family permits, with 126 issued through the first half of the year, surpassed only by Denver and El Paso counties. The three accounted for 89 percent of all multi-family activity, according the DOH.

Sept. brings good and bad news for CO economy
KUSA - Every month, the Metro Denver Economic Development Corporation puts together a survey of the current economic conditions.

For the month of September, there's some good and bad news.

Metro Denver EDC says the area's housing market is steady given the overall economic climate. Retail and office vacancy rates are lower, and the commercial real estate market is stable.

Real estate sales volume drops in July

EAGLE COUNTY, Colorado — Eagle County's real estate sales in July matched those recorded last year, but the prices dropped.

Sales for $500,000 or less accounted for 70 percent of the 92 completed transactions in July, according to the latest data from Land Title Guarantee Company. Almost 60 percent of those sales were owned by banks. For the year so far, 162 bank-owned properties have sold, nearly a quarter of all transactions. More than 40 percent of the lower-priced sales were in Eagle and Gypsum.

Geithner sees regulator support for refinancing

Treasury Secretary Timothy Geithner said on Friday the administration's plans to broaden U.S. homeowners' access to mortgage refinancing has the backing of the regulator overseeing housing giants Fannie Mae and Freddie Mac.

Fitch: August CMBS delinquencies drop to 8.65% from record rate in July
The rate of delinquencies on loans in commercial mortgage-backed securities fell in August and monthly volatility will continue, according to Fitch Ratings.

Delinquencies decreased to 8.65% last month from a record 9.01% in July, as $3 billion worth of loans left the ratings agency's index.