Thursday, March 21, 2013

Housing News Digest, March 21

With meth-contaminated homes, it's buyer beware No one knows how many homes in the United States are contaminated by meth, and there is no national requirement to test for it. But state and industry officials say, as more testing is done, they are discovering more meth-contaminated properties, particularly among foreclosed or rental homes that are coming back on the market amid a housing recovery.

  As Economy Improves, Colorado's Housing Market Starts To Heat Up What is surprising to some in the business community is how quickly the real estate market is heating up. Northern Colorado Business Report publisher Jeff Nuttall says low interest rates, limited rental vacancies and a short supply of homes are all combining to fuel the demand.

 Foreclosures fall to new statewide low (Greeley Trib) It’s starting to sound like a broken record, but it’s music to the ears of those in the real estate and homebuilding industries: Foreclosure filings and sales have again shrunk in northern Colorado and statewide — hitting a new low, the Colorado Division of Housing reported Wednesday. The state measures foreclosures by filings, when a homeowner is in default and has a set time to cure it; and by foreclosure sales, when homes are sold at auction. February foreclosure filings in Weld County were down 27.5 percent to 79 compared to the same time last year; and sales were down …

 Foreclosure filings, sales down in Colorado's metro countiesForeclosure filings last month in El Paso County fell to 180, a 40.2 percent year-over-year drop. Arapahoe County reported the biggest drop at 53.9 percent; Pueblo had the smallest decline at 21.1 percent. El Paso County’s foreclosure sales in February totaled 131, a 20.1 percent drop from a year earlier. Douglas County posted the biggest decline, 64 percent. articles/foreclosure-152496-filings-metro.html#ixzz2OCSvrQKf

  Boulder County has lowest foreclosure rate Boulder County had 19 foreclosure sales, or one for every 6,283 households, the report said. Broomfield County had the second-lowest rate of foreclosure sales in February: four sales, or one for every 5,490 households. Mesa County had the highest rate of foreclosure sales during February with one for every 1,022 households per foreclosure sale.

  Behringer Harvard Commences Construction on Luxury Multifamily Community in Denver Behringer Harvard announced today that construction has begun on a luxury multifamily community on the north side of downtown Denver. The 1.15-acre construction site is near the northwest corner of the intersection of 21st Street and Lawrence Street , in the Arapahoe Square/Ballpark area.