Monday, April 15, 2013

Housing News Digest, April 15

Adams County drawing residents from across the metro area Valerie Gonzalez and Rich Rojas wanted to stay in Denver when the Park Hill home they were renting went into foreclosure in 2009. They searched dozens of homes but failed to find anything that could meet their $200,000 price point and didn't need extensive remodeling or require living in a higher-crime neighborhood.

  Commercial real estate market improves in Colorado Springs Commercial real estate space in Colorado Springs is slightly harder to come by now, indicating the market has seen a slight improvement, The Gazette reports. The combined vacancy rate for the three commercial real estate sectors -- office, industrial and retail -- dipped to 11.5 percent in the first quarter. The vacancy rate in both the first and last quarters of 2012 was 11.9 percent.

  Residential real estate staging a comeback The Colorado Springs residential real estate market has more than just rebounded. It’s on fire. “This is probably the best market for selling a house in 12 years,” said Prudential Rocky Mountain Realtor Sylvia Jennings. And she’s not the only one with that kind of news.

  Housing market heats up with multiple offers, bidding wars DENVER - The Denver-area housing market is quickly heating up, with many sellers getting multiple offers and even bidding wars on the first day. When Martin Tremblay started house hunting two weeks ago, he thought he had found the perfect Aurora home, but the first day on the market, the seller had three offers. "We didn't get the home, even though we went above asking price," said Tremblay.

  Springs housing market recovery continues Home sales and prices increased again last month in the Pikes Peak region, another sign that the area’s housing recovery is continuing. “We’re not fixed, but we’re on the mend,” said Joe Clement, broker-owner of Re/Max Properties in Colorado Springs. A Pikes Peak Association of Realtors report released this week shows:

  Springs housing market recovery continues The number of real estate appraisers is dwindling nationally, creating career opportunities for analytical math-savvy individuals interested in commercial real estate. The Appraisal Institute released a report this week noting that the number of practicing real estate appraisers in the country dropped 3 percent in 2012 and could plummet 25 to 35 percent in the next 10 years because more than half of real estate appraisers are aged 51 to 65.