Tuesday, July 10, 2012

Housing News Digest, July 10

Denver real estate numbers continue to show growth Denver Development Services' office is issuing more permits and site-development plans than a year ago, a sign that new construction and basic home-improvement projects are on the upswing. "There is a level of comfort that things are getting better," said Kelly Leid, director of Denver Development Services. "It's a little premature for any long-term trends, but there is a steady incline in business, so the recovery is continuing, and Denver is proving it's better than most at bouncing back."

 Rivers board rethinks real estate study The Pitkin County Healthy Rivers and Streams board backed off from a proposal to spend $85,000 on a study linking local real estate values and the Roaring Fork River on Monday, following public criticism about the idea.

  Online Rental Scam Targets Colorado Springs Home A new scam in Southern Colorado is targeting families- some of them evacuees of the Waldo Canyon fire, who are looking for a new home. Two weeks ago, Bob Magas put his home up for sale. On Sunday, he says he was surprised to get a knock on his door from family looking for a place to rent. "The family told me they had been corresponding with the owner for the last week and a half about renting the property. I said well since I’m the owner, I know you weren’t corresponding with me," Magas said.

 Forestar plans new Centennial apartments Austin, Texas-based Forestar Group Inc. Monday unveiled plans for the newest apartment complex in metro Denver. Teaming with Guggenheim Real Estate LLC, Forestar (NYSE: FOR) plans to move dirt in the next 30 days on a 304-unit, two-building complex that will wrap around a six-story parking garage. The development, dubbed 360˚ is on the corner of East Peakview Avenue and South Syracuse Way in Centennial. That’s northwest of Arapahoe Road and I-25

Denver homes appreciating Two national reports are forecasting Denver-area houses will be among the fastest-appreciating in the U.S. in the coming months. A report released today by Clear Capital, headquartered in Truckee, Calif., projects that houses in the Denver-Aurora Metropolitan Statistical Area will appreciate an average of 3.9 percent by the end of 2012.