Friday, June 1, 2012

Housing News Digest, June 1

The ’70s: Development thrives, solar panels pop up, Arvada Center opens Jeffco’s scenic beauty was high on the minds of its citizens, who on Nov. 7, 1972, with urging by PLAN Jeffco and the League of Women Voters, voted to create Colorado’s first countywide open-space preservation program. Fueled by a half-percent sales tax, Jeffco Open Space quickly began snapping up crown jewels of Jefferson County: Mount Falcon, Apex Gulch, White Ranch, Reynolds Ranch, Van Bibber Creek, Green Mountain Ranch, Mathews Ranch, Alderfer Ranch, Crown Hill, Welchester and more.

 Colorado Awards Housing Credits Eight affordable housing projects have been selected to receive nearly $7 million in low-income housing tax credit (LIHTC) reservations from the Colorado Housing and Finance Authority.

Reading the tea leaves of housing data Mortgage rates are hitting new historic lows, but, contrary to conventional wisdom, pending home sales and mortgage applications have declined. At the same time, home prices are rising. And that's just this month. With so much fluctuating data, how can home buyers possibly figure out whether it's the right time to buy or sell?

 Jobs Report Signals More Trouble for Housing The weaker-than expected jobs report for May doesn’t bode well for the overall economy, but for housing it is far more foreboding. From construction, to local economies, even to age segments, the numbers are going in the wrong direction.

 3 Reasons the Luxury Housing Market Is Sizzling But that's just what's happening in some of the nation's most competitive and sought-after housing markets. Sales of super high-end properties are booming, experts say, with the tight supply of desirable properties spurring multiple offers and bidding up sale prices.