Wednesday, September 26, 2012

Housing News Digest, September 26

Rise in Colorado resort real estate sales in 2012 fueling hope of rebound
A surge in sales in 2010 — particularly in mountain regions' more affordable locations — gave hope that the recession-pinched real estate market was recovering, but 2011 saw yet another dip, with sales falling about 10 percent across the high country.
A strong start to 2012 rekindled optimism that the bleakness was behind the resort real estate market.
"It's looking like we have hit some sort of solid bottom," longtime Aspen broker Bob Ritchie said.

Once happy homeowners, now reluctant renters (CBS News) DOUGLAS COUNTY, Colo. - About those rising home prices: In Phoenix -- hit hard by the housing meltdown, prices were up more than 16 percent in July. In Detroit, they jumped more than 6 percent. And in Denver, prices were up nearly 5.5 percent. All of that are good news for the folks who are keeping up with their mortgages. But people facing foreclosure are running into a new problem. Nationally,the availability of rentals is now at its lowest rate since 2001.

  Stoneleigh to develop 298-unit apartment project in Denver Stoneleigh Companies LLC and Arris Investments LLC announced on Wednesday the acquisition of 13.8 acres of vacant land along with the closing of a construction loan for the 298-unit apartment project called M2 Apartments in Denver. Stoneleigh said the property is the ninth multi-family project developed or acquired by it in the past three years and adds a new major market to its investment portfolio.

 Alpert unveils Sloan's Lake community Jonathan Alpert, whose family has been involved in real estate in the Denver area for more than half a century, is developing a modern, townhome and single-family community at Sloan’s Lake. The development, called FrameWork at Sloan’s Lake, is replacing ramshackle condo units built in the late 1950s. Only one was owner-occupied with the rest being rented, said Alpert, principal of TreeHouseDenver.

 Solar panels installed on low-income homes for free as GRID Alternatives comes to Colorado GRID Alternatives, a California-based nonprofit group that works on renewable energy, is launching a national expansion plan to bring solar panels to homes across the country -- and its first stop is in the Denver metro area, which has a long and complicated history with alternative energy research.