Wednesday, June 5, 2013

Housing News Digest, June 5

Colorado Springs homes appreciate 8.2% Colorado Springs home prices climbed 8.2 percent year-over-year in April, according to analysis firm CoreLogic . They rose 2.1 percent from March to April. Excluding the distressed sales, short sales and bank-owned properties, sales prices climbed 7.1 percent year-over-year.

  Colorado Springs homebuilding increases in May, while foreclosure fall The local single-family housing market continued its recovery last month as the pace of homebuilding climbed and foreclosure activity slowed.

  Inventory of homes rises in metro Denver The number of homes for sale in metro Denver increased by 18 percent from April to May, a situation that will help homeowners and buyers, independent real-estate analyst Gary Bauer said Wednesday. "The more inventory we have available helps the market," said Bauer. "Prospective home sellers who have been sitting on the fence now are coming off the fence and putting their homes on the market. The homebuyers who are out there every day facing multiple offers and price increases, they have more homes to look at," he said.

  LYND tapped to manage Colorado apartment communities Confluence Cos. has selected the Denver office of national real estate company LYND to manage three apartment communities in the Denver metropolitan area and Boulder County. San Antonio-based LYND will manage the North Main Apartments at Steel Ranch, now under construction, and two more apartments still in the planning stage. In all, LYND will manage 578 units.

  First-quarter Eagle County real estate sales nearly 20 percent better than 2012 The number of real estate transactions was up 18 percent in Eagle County for the first three months of 2013 compared to the first quarter of 2012, according to an analysis by Land Title Guarantee Company. But the price of single-family homes dropped six percent for the first quarter of 2013 compared to 2012, while sales of multi-family homes rose 23 percent for the first quarter.