Friday, October 4, 2013

Housing News Digest, Oct 4

Colorado Springs on pace in 2013 for fewest foreclosure filings in a decade The Colorado Springs area is on pace this year for the fewest number of foreclosure filings in a decade, a sharp contrast from the height of the recession when the region saw record numbers of financially troubled properties. Foreclosure filings totaled 138 last month in El Paso County, a 45.2 percent reduction from September 2012 and the fewest for any month since May 2004, according to a report this week by the El Paso County Public Trustee's Office.

  Colorado Springs-area home sales and prices rise again in September Colorado Springs-area home sales and prices rose again last month, although a slowdown on the re-sale side of the housing market could be in the offing because of higher mortgage rates and other factors, some real estate agents say. A Pikes Peak Association of Realtors report released Thursday shows that sales of single-family homes totaled 829 in September, a 7.2 percent increase over the same month a year ago. It was the 15th straight year-over-year increase in monthly sales.

  VIDEO: Available housing for Colorado flood victims Flood victims in search of housing will often need to look beyond nearby communities and may have to seek units closer to Denver and further east. Rent growth was also significant before the floods, so renters are likely to encounter rising rents as well. To help with this, the Division of Housing and other organizations such as the Colorado Apartment Association are sponsoring a site called This site is free for renters and landlords to use so that we can identify where there are empty units available. This is the same site we used following Hurricane Katrina to find housing for displaced households. People can visit the website or they can call this number: 1-877-428-8844 and a person will assist in the use of the site. Almost 1,700 units have been added to since the disaster.

  VIDEO: Flood victims face special challenges in finding housing WESTMINSTER, Colo. — With flood evacuees facing an uphill battle finding temporary housing, Cristine Wright thought she would lend a helping hand. Already in the process of moving out of her home on the Westminster/Federal Heights border, Wright decided she would “preferably” rent to residents looking for temporary housing. Wednesday, she found an evacuated couple from Glen Haven.

  Some big investors take breather in rental market A potential stall in home price gains and a large drop in the number of distressed properties have some big investors pulling out of the single-family rental market. They are getting out at the same time that billions of investor dollars continue to pour in. "I think the investor market is largely past us," Doug Lebda, chief executive of Lending Tree told CNBC. "People were buying investment properties three, four, five years ago. What I hear is that's slowing now."