Thursday, April 19, 2012

Housing News Digest, April 19

Colorado home purchase and refinance activity up as rates fall

The number of mortgage loans paid off in Colorado was up 2.4 percent during 2012's first quarter compared to the same period of last year, and they rose 28.2 percent from the fourth quarter of last year to the first quarter of this year, the Colorado Division of Housing said today.

According to the report, public trustees in Colorado released a total of 74,808 deeds of trust during the first quarter of 2012, indicating a sizable increase in the amount of home purchase and refinance activity since late 2011.

Colorado sees 'sizable increase' in homebuying, refis in Q1
Colorado saw a "sizable increase" in home purchases and refinacing in the first quarter following months of sinking mortgage rates, according to a report Thursday from the Colorado Division of Housing.

The quarterly report tracks releases of deeds of trust as an indicator of financed home purchase and refinance activity in the state. Deeds of trust usually are released when a home is refinanced or sold or when a home loan is paid off.

Denver housing market second in nation for quick sales

New advice from the trenches on buying a home: Look early. Think fast. Hone your quick-draw skills with the checkbook.

Metro Denver's real estate market, not long ago a buyer's domain, suddenly has shifted to a seller's paradise, at least in some neighborhoods and price ranges.

U.S. home sales fall in March after earlier gains

WASHINGTON — Americans bought fewer previously owned homes in March, a reminder that the housing market remains weak.

The National Association of Realtors said Thursday that home sales fell 2.6 percent last month to a seasonally adjusted annual rate of 4.48 million. That followed a revised 4.6 million sold in February.

Releases of deeds of trust up statewide, regionally
Releases of deeds of trust in Colorado increased 2.4 percent year-over-year in the first quarter from 73,025 to 74,808, indicating economic improvement.

Releases were also up year-over-year in both Larimer and Weld Counties, according to the most recent data provided by the Colorado Division of Housing.

The Largest Ranch Near Aspen Just Hit The Market For $41 Million

In the posh Colorado resort area of Aspen, one-upmanship is the name of the game when it comes to luxury real estate. Now Christie’s International Real Estate affiliate Joshua & Co. has listed the largest ranch currently available for sale in the region for $41 million.

The property, known as the Child Capitol Creek Ranch, features 1,321 acres of stunning land set against the dramatic backdrop of Haystack Mountain adjacent to chic Snowmass