Thursday, October 18, 2012

Housing News Digest, October 18

Colorado's working poor: 'Suddenly, I'm living below the poverty line' The first visit to the food bank is always the hardest. Michelle Venus, 52, cried. "Not while I was there," she said. "But before and after." Four years earlier, she'd been a homeowner in a $75,000 a year job. She'd donated to the food bank's fundraising drives. Now she was there to pick up food she couldn't afford to buy. "It was not what I'd expected for myself or from myself. It was just a really hard day."

  Construction begins for new housing A new development in Adams County will provide home buyers the option to purchase a new home combined with the convenience of close proximity to downtown Denver. Midtown, at the intersection of 68th Avenue and Pecos Street, is a 184-acre area that will feature 1,300 single-family homes including apartments and townhouses.

  Denver a real estate market to watch, says report Metro Denver has been named one of the country’s top 20 real estate markets to watch next year in the “Emerging Trends in Real Estate 2013” report released Wednesday.

  Outside Investors Snapping Up Northern Colorado Real Estate Investors from outside the Northern Colorado market are spending millions on commercial real estate, especially in Larimer County. KUNC’s Erin O’Toole talks with Northern Colorado Business Report Publisher Jeff Nuttall about what that means for the area.

  Colorado Springs was 55th most search residential market Colorado Springs was again the 55th most searched real estate market in the country in September, according to a report from Median list prices for homes in Colorado Springs rose to $229,500 in September, a 2.04 percent increase from last year, but down slightly from August’s numbers. The national median list price in September was $191,500, a .78 percent increase from September 2010. Active for sale inventory of homes in Colorado Springs leveled out at 4,158 in September, a 9.73 a decrease for the 12-month period. National inventory counts for September were down 17.77 percent year over year.