Wednesday, August 8, 2012

Housing News Digest, August 8

Larimer County reduces building permit fees for wildfire victims FORT COLLINS — Larimer County will reduce building fees by $1,000 for residents to rebuild homes or outbuildings destroyed by wildfire as long as insurance does not cover the fees. The county commissioners on Tuesday approved the fee reduction to help the residents who lost homes to the High Park and Woodland Heights fires in June as long as their homes were built with the necessary permits the first time around.

 Home prices up again in June In Fort Collins and Loveland, home prices increased by 4.1. In Greeley, home prices increased by 8.4 percent. In Colorado as a whole, home prices including distressed sales increased slightly from June 2011, up by 6.2 percent, according to the report.

 Zero percent vacancy surrounding CU-Boulder campus is driving up rent Orlando said he was surprised to learn about the unusual vacancy rates, but after making some calls nearly two months after the vacancy survey was completed, he could find only one unit for rent in the area surrounding campus. Orlando said around this time of year, it's typical for properties with vacancies to offer special rates in hopes of filling remaining units. So far, he said he hasn't had any specials to offer students this month.

 Has Eagle County real estate market stabilized? EAGLE COUNTY, Colorado — The Vail Valley's real estate market continued to improve in June, in both number of transactions and sales price. The latest report from Land Title Guarantee Company shows June sales up 43 percent over sales from June of 2011. The 692 completed sales through the end of June is the best six-month total since 2008.

Reed Says Gaylord Still Keen on Colorado Gaylord Entertainment’s planned conversion into a real estate investment trust has had a major impact on a project out west that’s received millions of dollars in government support. Earlier this year, Gaylord announced its transition to a trust and that Marriott would take over day-to-day operations of its hotels. The company is looking for ways to jump start its venture in Colorado.