Wednesday, November 23, 2011

HUD grant to aid development around three metro rail stops
The words "collaboration," "cooperation" and "working together" were on the lips of Colorado politicians and government officials who gathered in downtown Arvada on Tuesday to celebrate the award of a $4.5 million federal grant for transit-oriented development.

The money, awarded by the U.S. Department of Housing and Urban Development to the Denver Regional Council of Governments, will be used to plan and design urban centers near three rail stops on future FasTracks lines.

Small real estate firms in the valley making changes
EAGLE COUNTY, Colorado — The local real estate business has always been competitive. Sometimes, keeping up means looking for outside help.

A handful of local real estate companies have either sold, merged or expanded in the past few weeks. Those involved say there's a simple reason for the moves: resources.

Housing Prices Won't Recover Until 2013: Economists
U.S. home prices will stagnate through next year and only start recovering in 2013, according to economists polled by Reuters who also felt the stimulus options being floated will not do much to reinvigorate the market.

The housing market, considered by many as critical to any meaningful economic recovery, is still struggling to find its footing after collapsing by a third over the past several years, leaving many owing more than their homes are worth.

Federal Housing Administration Could be the Next Housing Bailout
First it was the big banks with their failed "credit-default swap" schemes and subprime mortgage meltdown. Then it was federally-backed mortgage giants Fannie Mae and Freddie Mac who sagged under the weight of risky home loans.

Now the government agency responsible for insuring more than $1 trillion in mortgages could be in financial trouble, with most of its cash reserves depleted and claims on defaulting mortgages mounting

Real estate trends: College town real estate

If your child is on his or her way to college, you're already thinking about the big checks you'll have to write. There's little you can do about tuition at a top college or university, but what about the "room and board" part of the equation?

One of the hottest real estate trends is college students who opt out of living in the dorms and instead are paying "room and board" to their parents in the form of a mortgage payment.