Monday, July 16, 2012

Housing News Digest, July 16

Occupancy and bookings climbing in mountain resort destinations
Looks like tourists are climbing to mountain resorts as the rest of the country broils.
The latest report from the Mountain Travel Research Program (or MTRiP) shows June occupancy at mountain destinations in the western U.S. was up 17 percent compared to last year. Even better, reservations for the rest of the summer and fall are up 9.6 percent.

Troy Donovan, Family Reclaim Colorado Home From Squatters A Colorado family has reclaimed its home, after squatters occupied it for the better part of a year. A county judge in Littleton, Colo., recently gave squatters 48 hours to leave a home they did not own, and allow the family to regain possession, CBS 4 Denver reported on Thursday.

The New Artisan Economy The recovery from the Great Recession of 2007-09 has been so anemic that the average American would probably be surprised to hear that the recession has officially ended. The National Bureau of Economic Research declared that it was over by June 2009, but the economy hasn’t exactly come roaring back. In the 12 months that followed, GDP grew by a modest 2.5 percent, less than one-half of the bounce following the two previous recessions (in 1974-75 and 1981-82) that pundits often compare to the most recent one.

 LPS: Home Price Index Increasing at Fastest Rate Since 2005 Lender Processing Services, Inc.‘s (LPS) Applied Analytics division released its updated home price index (HPI), showing that although prices fell year-over-year, the HPI increase from this year’s low has been the most significant jump up in years.

Antero leasing space at One Union Station Antero Resources, an independent natural gas and oil exploration company, will be the lead tenant in One Union Station, which will be constructed at the corner of 16th and Wynkoop streets, across from the historic Union Station, East West Partners and Starwood Capital Group confirmed today. East West and Starwood have formed a joint venture to develop the building. Construction will start on September on the 110,000-square-foot, five-story building. Antero plans to take 67,000 square feet of the building, which also will have retail space on the ground floor.