Tuesday, July 3, 2012

Housing News Digest, July 3

DU real estate school director stepping down Mark Lee Levine, director of the University of Denver’s Burns School of Real Estate and Construction Management for 17 years, is stepping down from the director’s role but will continue to teach at the school, he said Monday.

 Rents keep rising, while home prices inch higher Smaller metro areas that recorded large rent increases included Fort Worth, Texas, at 15.5%, Edison, N.J., Colorado Springs, Colo., and Columbus, Ohio. Of those markets, Colorado Springs had the most substantial gain in asking prices on homes for sale, an uptick of 4.3%. In Edison, prices declined 9%, according to Trulia.

 Homebuilding activity jumps in Colorado Springs Permits for building single-family homes in Colorado Springs and El Paso County continue to be issued at at a rapid pace, The Gazette reports. Permits reached 217 in June, an increase of 65.6 percent from the same month a year ago. The city and surrounding county have had a year-over-year increase in monthly permit numbers for six consecutive months.

Aerial photos of fire damage in Colorado Springs

Charges Dismissed For Colorado Springs Developer A judge has dismissed all remaining charges against a Colorado Springs developer whom a jury had acquitted in a separate case. Ray Marshall was acquitted in April of misleading investors in real estate deals and diverting tens of thousands of their dollars to solve a cash shortage at his firm, LandCo Equity Partners.

Koelbel sells two-thirds of townhomes in 1 day Buyers snapped up 12 of the 18 on the first day that Denver-based Koelbel Urban Homes was taking renovations on its new development planned in the trendy Lower Highland, or LoHi area near downtown Denver. A dozen prospective buyers on Saturday put $1,000 deposits for units in the LoHi Court development on Vallejo Street, just south of West 32nd Avenue in the heart of LoHi. LoHi is part of the Highland neighborhood that is bordered by West 38th Avenue, Speer and Federal boulevards and Interstate 25.