Monday, July 30, 2012

Housing News Digest, July 30

More mortgages paid off in Colorado Some 10.2 percent more home mortgages were paid off in Colorado in the first six months of this year than in the same period of 2011, according to a report today by the Colorado Division of Housing.
Colorado's public trustees released 139,859 deeds of trust in the first half of 2012, versus 126,903 in the same period last year.

Home purchase and refinance activity up 10 percent in Colorado Following three quarters of falling mortgage rates during 2011, releases reflected new refinance activity and surged during the first quarter of 2012, rising 28 percent from the fourth quarter of 2011. Home sales have also pushed up release activity as sales in Colorado have climbed in 2012. Trends in release activity were not uniform across the state.

Local company sells homes for a flat fee DENVER - A new Colorado real-estate agency is offering to sell homes for a flat fee of $1,700 - no matter the value of the home. Telora is a fairly new company in the metro area. Founder Joshua Hunt says he wanted to do something to set the company apart from the array of real estate agents and agencies.

Rebuilding to test covenants after Colorado Springs wildfire COLORADO SPRINGS —Colorado's most destructive wildfire could fan the flames of a new conflagration — an unprecedented test of a subdivision's power to direct rebuilding with covenants. As cleanup from the Waldo Canyon fire begins, officials in the decimated Mountain Shadows community are uneasy about how the neighborhood will look when it rebuilds.

Trulia's Housing Barometer: Tighter Inventory Complicates the Recovery Each month, Trulia's Housing Barometer charts how quickly the housing market is moving back to "normal." We summarize three key housing market indicators: construction starts (Census), existing-home sales (NAR) and the delinquency-plus-foreclosure rate (LPS First Look). For each indicator, we compare this month's data to (1) how bad the numbers got at their worst and (2) their pre-bubble "normal" levels.