Friday, November 9, 2012

Housing News Digest, November 9

Rent In Boulder Could Increase Due To City’s New Energy Efficiency Mandate BOULDER, Colo. (CBS4)- Renters in Boulder may already pay the highest rents in the Denver metro area and they may soon increase even more. Landlords blame increases on a new city program, called “Smart Regs,” forcing them to spend thousands of dollars to make their rentals more energy efficient.

  Hundreds seek help at Colorado Homeless Veterans Stand Down The number of men and women seeking help at the Homeless Veterans Stand Down on Thursday was up by more than 20 percent from last year, event organizers said. About 570 veterans — 100 more than last year — attended the stand down at the Colorado Army National Guard Armory, where they were offered services by 62 agencies that provided such items as food, medical care, clothing and housing.

  Denver firm buys two Springs apartment complexes for $7.4M A Denver firm has spent nearly $7.5 million to buy a pair of Colorado Springs apartment complexes, more evidence of a red-hot multi-family housing market in the Pikes Peak region. BMC Investments recently paid $4.2 million for the 148-unit Timberlane Apartments at 3985 E. Bijou St., southeast of Academy Boulevard and Platte Avenue, and $3.2 million for the 95-unit Ashelyn Court apartments at 930 N. Murray Blvd., southwest of Murray and Galley Road.

  Metro Denver home prices return to record highs with low inventories Fast-rising metro Denver home prices are back to their record highs of 2006, fueled by buyers competing for a limited number of properties. So far this year, single-family homes have sold for a median price of $250,000, matching the level they hit in 2006 before the market began to decline.

  Foreclosure sales fall locally, statewide An improved housing market is helping more homeowners in Colorado Springs and around the state avoid losing their properties after they’ve fallen into foreclosure, according to a Colorado Division of Housing report released Thursday. The number of distressed properties in Colorado that went through the state’s foreclosure process and were later sold at a Public Trustee’s auction fell nearly 24 percent during the first nine months of the year when compared with the same period in 2011, the third-quarter report showed.

  Boulder County, state foreclosure filings on pace for lowest year since 2006 Mirroring statistics being seen statewide, new foreclosure filings in Boulder County this year are declining at a rate that could make for the lowest year-end total since 2006, according to a report from the Boulder County Public Trustee. Third-quarter filings declined in the county by 10.1 percent over the same time last year. After seeing 732 new filings over the first nine months of 2011, there have been just 643 fillings over the first nine months of 2012, a 12.2 percent decrease, according to the trustee's report.