Monday, June 20, 2011

Housing News Digest, June 20

Opponents of Grove consider next move
But the long-running fight over the proposed complex - The Grove - may not be over. Some neighbors who have been battling the proposal since October say they might appeal the planning board's decision to the City Council.

Last year, the council sided with the neighbors when they appealed the first overall development plan for the project that was approved by the planning board. Some neighbors are hoping for the same result by claiming the proposed project does not meet requirements of the city's land use code.

Report: Recapturing lost jobs to take years
A report due out today by the United States Conference of Mayors reveals many metro areas aren’t likely to bring back jobs lost during the recession until after 2020, The New York Times reports.

Home owners on brink of repossession told not to worry... as it will take banks 62 years to clear backlog
Home-owners on the brink of having their homes repossessed may be offered an unexpected reprieve, after it emerged it may take up to 62 years for banks and the courts to process the backlog of claims.
At the current rate of repossession, analysts calculated it would take lenders in New York state 62 years to process the 213,000 threatened houses - the longest in the country.

Most affordable places to live
KUSA - Coldwell Banker Real Estate is out with its newest Home Listing Report, a snapshot survey of average listing prices for four-bedroom, two-bathroom homes in more than 2,300 markets, including Colorado.

In our state, Evergreen was at the high end of the report with an average home listing price of about $922,183. while Pueblo was the most affordable market at $141,160.

Apartment units sell for $33.5 million
BOULDER - The Boulders Apartments, a 161-unit complex on Kalmia Avenue near the northeast corner of the intersection of 28th Street and the Diagonal Highway, sold last month for $33.5 million.

The complex was acquired by Boulder Apartments Colorado LLC, according to Boulder County Assessor's Office property records. The LLC is part of DiNapoli Capital Partners, a private equity group in San Jose, California.