Thursday, September 13, 2012

Housing News Digest, September 13

Houses Falling Apart Across The U.S. – Is It The Drought? What’s Going On Here? In Colorado a woman made news when her living room floor suddenly dropped about four inches. The floor separated from the wall, leaving a gaping hole. And it happened suddenly. This was not your run of the mill type of settlement issue.
If you search the internet for terms such as “foundation problems, drought” you’ll find dozens of news stories from Indiana, Missouri, Colorado, Idaho, Iowa, Kentucky and other states as well.

The New Narrowest House in the World The cells at Florence ADX, the supermax prison in Colorado that holds notorious criminals like Soviet spy Robert Hanssen and al-Qaeda's Zacarias Moussaoui, are said to measure 7 by 12 feet. Someone in Poland, however, is building a house that makes those monklike dimensions look positively roomy.

Care Investment Trust to Acquire 7 Senior Housing Communities for $106.5 Million The assisted living and memory care assets are located in desirable markets in New Jersey, Pennsylvania, and Colorado and have a total of 410 units with an average occupancy rate of approximately 94% as of the end of August 2012.

 FHA Loans, Refis Cast a Long Shadow in Colorado’s Capitol City FHA mortgages are popular in metro Denver, where the federally backed loans are used in more than one in four of all home-purchase loans. Currently, 27.8% of all home purchases made in the first half of 2012 used FHA loans, down from 32.3.1% from the same period a year earlier, according to DataQuick.

 Forest Service testing Aspen real estate market ASPEN, Colo. (AP) — The U.S. Forest Service is testing the waters of the Aspen real estate market to raise money for its projects. The federal agency plans to auction five lots in one of the most expensive real estate markets in Colorado. The government hopes to raise $10 million to rebuild its Aspen facilities.