Friday, April 19, 2013

Housing News Digest, April 19

Homeowners can expect continued decline in assessed property values County assessors will send hundreds of thousands of property-valuation notices out in coming days, and the flat or declining values that many will show could surprise some homeowners. Property valuations are made per state law every two years, and the latest assessments will be used in the formula that determines property taxes due in 2014 and 2015.

  Colorado adds few new jobs in March; unemployment eases to 7.1% Colorado added just 500 new payroll jobs in March, a much smaller gain than the previous month, while the state's unemployment rate eased to 7.1 percent, the lowest since January 2009, the Colorado Department of Labor and Employment reported Friday.

  Economist says Colorado economy strong but warns of U.S. slowdown An economist told Colorado builders and contractors Thursday that the United States will probably see an economic slowdown in 2013. But Anirban Basu, chairman and CEO of Sage Policy Group, said the outlook for Colorado is much brighter, with a strongly recovering economy that is likely to remain that way.

  Morguard North American Residential REIT Completes Acquisition of Six Multi-Unit Residential Assets in the U.S. for US$218 Million The six properties acquired are residential apartment and townhome complexes comprised of 1,793 suites located in Denver, Colorado, Tampa, Florida, Cary, North Carolina and Atlanta, Georgia. The properties are best-in-class low rise, enclave assets with structured and surface parking, modern leasing centers and amenity packages with a weighted average age from construction of 11 years.

  New home construction hits prerecession mark Northern Colorado is doing at least as well or a little better, according to local homebuilders. “It would take a pretty big wrench to throw us off track,” said Greg Miedema, executive director of the Home Builders Association of Northern Colorado.