Wednesday, December 28, 2011

Housing News Digest, December 28

La Plata County among areas seeing increase in older population
Liz Volz moved to Durango six years ago to take care of her mother and hasn’t left since. The 63-year-old is active and dabbles in nutritional consulting, bicycling and Buddhism. She lives in Cedar View Apartments, which provides subsidized housing to people 62 or older, and often gets help from La Plata County’s senior outreach nurse to fill out paperwork and find health-related resources.
Tom Royer checks in visitors to a Christmas luncheon at the Pine River Senior Center. As the population ages, many local officials say governmental budgets will have to be adjusted to meet their needs. And the adjustments that will need to be made might be bigger in Colorado because the state historically tended to have a younger population.

Briargate developer Lew Christensen dies at 75
Longtime Colorado Springs real estate developer and businessman Lew Christensen had many close friends after living in the city for 41 years. But he also had a relationship with the community that extended beyond the people he knew.

Through leadership roles with several business and civic groups, Christensen touched the lives of thousands in the Pikes Peak region as he sought to make it a better place to live and work, his friends say

Major Lenders Offering Perks on Short Sales
The nation’s leading mortgage lenders are extending extras for short sale transactions employed as an alternative to foreclosure - both in the form of monetary incentives for borrowers and streamlined procedures for real estate agents.

Trepp expects banks to face stronger headwinds in 2012
U.S. banks weathered huge storms in the past few years, but bigger risks lie ahead as benefits from releases on loan-loss reserves give way to a market environment where banks are forced to fight for new revenue and maintain profitability, Trepp said in its 2012 banking outlook report.

"Banks will earn less, putting 2012 a bit behind 2003 in terms of overall industry profitability," said the commercial real estate data analytics firm, which "does not expect 2012 to be a repeat of 2008, but there will be more disappointments than pleasant surprises in the new year."