Thursday, December 26, 2013

Housing News Digest, December 26

10 healthiest housing markets in America
5. Denver, Colorado
Market Health Index: 8.1
Share of Homes Sold for Gain: 86%
Mortgages in Negative Equity: 11.9%
Days on Market: 62

U.S. Home Prices Increased 0.5% in October From September U.S. house prices rose 0.5 percent in October from September as buyers competed for a tight supply of properties for sale, the Federal Housing Finance Agency said. The seasonally adjusted gain matched the average estimate of 11 economists, data compiled by Bloomberg show. Prices climbed 8.2 percent from a year earlier, the FHFA said today in a report from Washington.

  Value of homes in the Denver metro area grows to $265 billion in 2013 Homes in metro Denver gained $21.9 billion in total value in 2013, up from a gain of $18.6 billion in 2012, Zillow said in a report Thursday. Overall, the cumulative value of all homes in metro Denver is $265 billion, said the report. Nationwide, homes are expected to gain almost $1.9 trillion in cumulative value in 2013, the second consecutive annual gain and the largest since 2005, according to an analysis by Zillow Real Estate Market Reports.

  State agency set to launch rental housing website In the coming weeks, Jared says the IFA will be reaching out to landlords to post available properties on the website. Statewide, she estimates over 13,000 units have already been listed. Thirty-four other states have similar websites, including Colorado, which has used their site to help flood victims find affordable housing quickly.

A Brief History Of Boulder, Colorado And Its Current Economic Success Boulder, Colorado has taken a unique path to its long history of economic success -- and has been so successful because of that path, reported. Since the late 1800's, when residents urged state legislators to establish Colorado's first state university, the city has been driven, prescient, and conscientious of its natural surroundings. Boulder's 10,000 inhabitants backed architect Frederick Law Olmsted, Jr. in 1908 to plan the growing city -- a "precocious move" according to inc writer Burt Helm for a still tiny city. Olmsted's views were in line with a city already protective of its natural beauty. He planned for underground power lines and cautioned against dirty suburban industries and tourist-driven entitie