Tuesday, December 4, 2012

Housing News Digest, December 4

Colorado Realtor Says Mortgage Interest Changes Could Affect Demand When Ginger Wolf and Brandon Barrett decided to buy their first home, the ability to deduct the interest on their mortgage was a huge incentive. “Over the life of this mortgage it’s a lot interest that we’re going to be paying and the ability to deduct that makes a big difference on what our real monthly take-home is,” Wolf said. The popular tax deduction has long been a sacred cow in Washington. But as Congress struggles to come up with a budget deal, both sides are proposing changes.

  Parker considers first apartments in a decade Low apartment vacancy rates are spurring the possible construction of the first multi-family housing in Parker in more than a decade. With a thumbs-up from the Parker Planning Commission, Parker Town Council approved the site plan, replat and use by special review earlier this fall for Vanterra, a 306-unit apartment complex that’s on track for construction on the vacant land south of Mainstreet and between Dransfeldt Road and Twenty Mile Road.

  Big houses: Which Colorado cities have the most? Which Colorado cities have the highest percentage of homes with nine rooms or more? G. Scott Thomas knows. The "On Numbers" blogger is the in-house demographic number cruncher for The Business Journals, the DBJ's national news affiliate.

  House flipping has made a comeback in Colorado, but it's still risky Robert Hatch III, a student at the University of Denver, does it. So does Larry Simpson, a broker with Fuller Sotheby's in Denver. The results of their efforts vary, but their methods are the same — they're house flippers. Thanks to the improved real-estate market, house flipping has made a comeback, both across the nation and, to a degree, in Colorado.

  Developer Karlin Real Estate sells two Boulder buildings Karlin Real Estate, the Los Angeles-based firm that is redeveloping the former Daily Camera property in downtown Boulder, recently sold two of its properties -- including the Camera's current home -- in Boulder for $5.1 million. Karlin sold the properties at 5450 Western Ave. and 1780 Conestoga Ave. to Square Six LLC, an entity registered to University of Colorado alumnus S.J. "Arch" Archuleta, according to Boulder County property deeds recorded earlier this month.