Tuesday, September 18, 2012

Housing News Digest, September 18

Bark Beetle Causing ‘Viewshed Contamination’ After weathering the worst of the housing bubble burst, Colorado’s housing market is on the mend. But in pockets of the state there’s an entirely different problem that’s been afflicting individual homeowners and home values. Damage from the mountain pine beetle has taken its toll on the housing market.

Colorado cities improve in real estate rankings All of the Colorado cities included in a recent survey about the most-searched real estate markets in the county improved in ranking from a month earlier — with Denver leading the way, according to Realtor.com.

Aurora waiving SIR rezoning fees through end of 2013 The city of Aurora's new Sustainable Infill and Redevelopment (SIR) Zoning District recently established allows for creative approaches to sustainable development and redevelopment within high-profile, targeted areas of the city, ultimately resulting in business growth and expanded living choices.

 Colorado Springs Seeing Lots of C-store Growth COLORADO SPRINGS, Colo. -- The Pikes Peak region of Colorado has been a hot spot for convenience stores lately and the trend does not look like it will be cooling down anytime soon. Dotting the c-store landscape in the region today are 7-Eleven Inc., with dozens of stores; Loaf 'N Jug; and Circle K among the chains with several locations. And as The Gazette reported, the convenience store chains continue to see opportunity in the Colorado Springs market. For example, Dallas-based 7-Eleven, which has roughly 50 area stores, said three to four more are planned this year and another five to six are slated for 2013.

 Colorado: Economy on a Rocky Mountain High or just Rocky? The economic recovery in Colorado is a rocky one, with some industries and cities rebounding while others continue to struggle. However, the state’s credit unions seem to be on a Rocky Mountain high. Credit unions in Colorado reported a healthy 89 basis points of positive return on average assets during the second quarter, according to the NCUA’s Quarterly U.S. Map Review. That compares favorably to 86 basis points for all federally insured credit unions during the same period.