By Neil Walton: Denver Realtor

Where are the hippest places to live in Denver?  It’s difficult to narrow it down to just 5 as so many of our neighborhoods are very interesting and eclectic.  You’ve got new construction occuring downtown with Spire and the Four Seasons.  The Union Station Project is getting under way.  Neighborhoods such as Curtis Park are quickly turning around.  I’ll actually go into the 5 Points, Cole and Clayton neighborhoods without some sort of protection.  People are fixing up old houses and selling them at a profit as home prices continue to increase in most of the areas surrounding downtown.  Here are my thoughts on the top 5 areas of Denver that are really cool.

Curtis Park Neighborhood:

As I said before I was afraid to go through this area of town 5 years ago.  Now people can’t get enough of this historic area of town just blocks from the heart of the city.  You’ve got incredible soul food and an allotment of odd shops and divey watering holes all alongside a very diverse population.  I really enjoy taking an evening stroll through this part of town.  The folks are so friendly.

Click here to see Curtis Park Homes for Sale

Lower Highland aka LoHi Neighborhood:

Now that there is a pedestrian bridge linking this ubber cool area of town with downtown Denver it’s exploding on the scene.  Countless new restaurants are emerging alongside some of the classic staples of the area.  You’ve got some really neat loft style buildings mixed in with early 1900′s architecture.  Do yourself a favor and stroll on over to Sushi Sasa one evening and partake in the Chef’s Sampler for 2.  One of the best meals I have ever eaten 3 times.

Search for Lower Highland Homes for Sale

West Wash Park Neighborhood:

You’ve got the best of all worlds in this neighborhood.  You can stroll on over to the most prestigious Park in Denver or stroll the other way to the raw and edgy bars and restaurants of South Broadway.  The good news is that the prices aren’t too out of control compared to the East side of the park.

Search for Homes in West Wash Park

Platt Park Neighorhood (Old South Pearl Street)

This fine neighborhood is for the more down to earth folks compared to Wash Park.  You’ve got a great sense of community in this area and the inhabitants are proud of their part of town.  I love it’s little downtown area with Sushi Den and a host of other really cool pubs and eateries. This is a great area.

Search for homes in Platt Park/ Old South Pearl Street

The Golden Triangle:

This is one of those neighborhoods that gets forgotten about.  I used to live there and it was as cool as could be.  There’s some great little restaurants like Cuba Cuba and wonderful pubs like Cap City.  Breakfast at Dozens and a stroll through Civic Park.  You’re always near the festivals in front of the Capital and a short walk to 16th St Mall.  Your backyard is the art museums and city library.

Search for Listings in the Golden Triangle

I’d also like to give a shout out to the Uptown area of town and just East of City Park.  Both neighborhoods could have easily made this list.

Buying a HUD Home can be a great experience.  We recommend working with a HUD Approved Realtor.  A HUD Approved Realtor can access all HUD listings as has extensive knowledge of the online bidding process.

Department of Housing and Urban Development (HUD) residential foreclosures are available throughout the State of Colorado, and the rest of the country. The sales process for purchasing a HUD home isn’t quite the same as you’ll encounter when buying a home from an individual, so do some research before you go house shopping.

Please note, there are subtle difference State to State when buying HUD Condos or houses.  Please use this article as a reference outside of Colorado.

What is HUD?

HUD is an acronym that stands for Housing and Urban Development, a cabinet of the United States Government. It has been around since 1965 with the primary aim of ensuring smooth policy for housing and city development.

What is a HUD home?

The Federal Housing Administration (FHA) is a part of HUD, the part that provides federal mortgage insurance. If a foreclosed home was purchased with a loan insured by FHA, the lender can file a claim for the balance due on the mortgage. FHA then pays off the lender’s claim and transfers ownership of the property to HUD.  HUD then sells the home or condo.

How much do HUD homes cost?

HUD homes have an appraisal  conducted and are priced below or at fair market value based on their location and general condition. The price of a home in need of repairs is adjusted downwards to reflect the investment the new owner must make home improvements.  Buyers of a HUD Home can usually find a great deal especially if you submit an aggressive bid and there are no other bidders for the property.

Will HUD make the repairs?

HUD homes are sold as-is and already come with an Inspection Report. The new owner is responsible for all repairs and improvements so do make sure to be realistic about the costs associated with getting the home or condo back to where it needs to be.  You can, and should likely still have a Professional Home Inspection done to ensure that there are no significant issues with the home.

How do I find a HUD home?

You can sign up to receive email alerts from us the same day a HUD home or condo is listed.  Send us an email to info@360dwellings.com with “HUD Alerts” in the title and some basic information about the Colorado city, neighborhood, price range, and property features your require.

When you’ve located a home you would like to see, we can show you the property as HUD approved Realtors.

What is the process for Buying a HUD Home?

HUD foreclosures are sold using a blind online bidding process. There’s an Offer Period, during which sealed online bids are inputted into the system. At the end of that period, all offers are opened and reviewed by a HUD representative. HUD will generally accept the highest bid, or the bid that brings them the highest net amount.  If you really want the property you should submit your ‘highest and best” offer.  If you have multiple homes that stirke your fancy, then submit multiple aggressive bids and see which ones get accepted!

During the initial offering period, HUD homes are usually available only to those who wish to live in the home as “owner occupied.”  If the home remains unsold after the initial period they become available to investors.  If your bid is accepted, you will be notified within a day or two. You will be given a settlement date, usually 30-60 days from the date of your accepted contract.  This can vary based on which Title Company is handling the transaction.

How do I obtain financing for a HUD Home or Condo?

If you are buying as an investor you will need to put 20% down and likely go with conventional financing.  Owner occupied deals can use FHA Financing in most cases with as little as 3.5% down.  FHA Financing offers low down payments, competitive interest rates, and flexible credit when qualifying.  Check with a quality lender to review the best options for your situation.

Hopefully you have learned a lot about the HUD process for buying Real Estate. Feel free to contact a HUD Approved Realtor for more information.

Search for Congress Park Real Estate

After a stroll through the gardens, lace up your shoes, grab a racket and play a few games of tennis in Congress Park. They have some of the best courts in Denver and never seem to completely fill up. You’ll probably be pretty hungry at this point so shoot on over to Shells and Sauce (2600 East 12th Avenue) for some traditional Italian cuisine served on the beautiful roof top deck. I personally think they have the best Pasta Bolognese in Denver. Chase it down with a few glasses of Chianti and enjoy the Summer breeze.

After dinner you’ll want to head on down to Cloud 9 Frozen Custard (4300 East 8th Avenue). They only have 2 flavors, Chocolate and Vanilla with every imaginable topping. It’s considered by many to be one of the best frozen custards in Colorado.

Want to live in one of these fine Denver neighborhoods?  Try our Denver Neighborhood Search Page to see the current and available listings in every Denver Neighborhood.

Have any more suggestions?  Add a comment to tell us about your favorite thing to do in Congress Park.

When people think about Colorado the first images conjured up are usually of enormous snow capped mountains and folks swooshing through fields of powder via ski and snowboard. Yes, we do have the best winter activities on the planet. Vail, Breckenridge, Copper Mountain, Aspen, Crested Butte and Steamboat Springs must all close down for mud season. So what do us locals do? It must be painfully boring.

Not so my friends. Summer is my personal favorite time of the year. The weather is warm and there are actually more things to do with your time. Here is a list of 5 cool things to do this summer.

1. See a concert at Red Rocks in Morrison:

I know, everyone always says this. It’s like a broken record. I truly have had some of the most magical times of my life at this incredible venue. During the days Red Rocks National Park is open to the public. You’ll see folks running up and down the stairs or just leisurely strolling through the vast network of hiking and walking paths. At night this remarkably beautiful outcrop of bright red rock transforms into an acoustic wonderland of sound and light. Some of the most famous musicians in the world have played here and boast that it’s their favorite venue in the world. Grab your lawn chairs and a cooler, do a little tailgating in the parking lot and then head in to see your favorite band this summer as they take the stage. Make sure to take advantage of Film on the rocks as well… for a romantic picnic date night.

2. Climb a 14′er:

Where to begin? We have 54 peaks above 14,000 feet. Some of these mountains can take days to climb depending on the route you take but most can be done in a day. Leave bright and early and bring plenty of water and supplies. Before you head out visit www.14ers.com to get a detailed explanation of your journey with photos and maps. Some of the easier hikes include Mt Elbert (the highest), Grays, Torreys, Mt Bierstadt and Culebra Peak in Colorado. If you want a little more of a challenge try out Sunshine Peak, Mt Yale, Castle Peak, Mt Evans or Long’s Peak. For you hard core adventurists my favorites include Little Bear Peak, North Maroon Peak, Crestone Needle and Sunlight Peak.

3. Boating on a Mountain Lake:

Not near the ocean? No problems. We’ve got huge lakes with pristine beaches. First step is to find a friend with a boat and bribe them to take you up to Horsetooth Reservoir which is just a 10 minute drive from downtown Ft Collins. Maybe you can make friends with someone in Gunnison to enjoy Colorado’s biggest body of water which is Blue Mesa Reservoir. Wherever you head make sure to bring your fishing pole. There are some world class fish in our lakes.

Why not try a bit of boat in camping while at Blue Mesa? Rent a canoe and head to some incredible camp sites such as Turtle Rock, Cebolla or West Elk. For More information: Click Here

4. Intertubing:

Head by any gas station, buy a truck tire intertube, overinflate it and head to a Colorado river to cool off in the afternoon heat with a little floating. I personally pick up one additional tube to carry the cooler along with you as you float. Let’s keep your priorities in check here. For the most part you’re dealing with more of a float than hardcore rapids. Some classic spots around Colorado are in the Saint Vrain River in Lyons which allows you a meandering journey through the center of town. The Animas River in Durango offers a mix of mild adrenaline and easy floating, as well as a free in-town shuttle to take you back to your car. The Saint Vrain Greenway in Longmont makes for a completely calm float that’s ideal for families with small kids, as does the Yampa River in Steamboat Springs. For more excitement you’ll need to head to Boulder Creek, where you can float through a whitewater park, rapids and ledge drops.

5. Bluegrass Festivals:

The best bluegrass in the world descends upon Telluride every summer and this year is no exception. The 37th annual Telluride Bluegrass Festival (June 17-20) will feature Lyle Lovett, Leftover Salmon, Yonder Mountain String Band, Bela Fleck, Zakir Hussain & Edgar Meyer to name a few. Still got a thirst for more bluegrass? Grab your tent and head down to the slightly more intimate Lyons CO for a weekend of fun and dancing from July 23rd to the 25th.

We live in a glorious state and I hope everyone gets out there and makes the most of their summer. Enjoy!

Most of the neighborhoods that have seen the greatest increase in average sales prices are right here near the city.  With the development of the light rail, bike trails, museums, and parks; people are flooding to the city looking for a great deal on a nice home in an up and coming neighborhood.  Which neighborhoods saw the most appreciation?  Check out the graph to the left and keep reading below.

360dwellings.com makes it easy to find homes for sale in the 9 hot neighborhoods featured in 5280 Magazine.  With powerful tools you’ll find everything you need to know about the area.  Take advantage of Walkscores, Days on Market, Virtual Tours, Google Streetviews and so much more.

The Elite Nine – Denver’s Hottest Neighborhoods

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Belcaro Neighborhood

Average Sold Price: $845,000 | 8% Increase

Belcaro is one of the few luxury neighborhoods that saw an increase in home values last year.  Bordered by Cherry Creek Dr, Alameda, Mississippi and University this lush oasis draws a higher end dweller with a taste for some of the finest homes in Denver.  Sellers in this area do need to be patient as the average days on market is 183.  Life is good when you live in Belcaro!

••••► See all active home listings in the Belcaro Neighborhood here.

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Berkeley West Neighborhood

Average Sold Price: $283,000 | 8% Increase

For those that want to live near Highland but can’t quite afford being near the action, there is the Berkeley neighborhood.  Situated between I-70, Sheridan, Perry and 17th, the residents of Berkeley have quick access to and from downtown as well as the mountains.  There is massive amounts of growth in this area and it’s prime for future appreciation.  Take a stroll through Berkeley Park in the summer… so nice.

••••► See all active home listings in the Berkeley Neighborhood here.

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Congress Park South Neighborhood

Average Sold Price: $445,000 | 9% Increase

Congress Park South is one of the most vibrant and desirable neighborhoods in Central Denver hosting many remodeled Victorian era homes.  You’ll find an eclectic mix of young and old couples, hipsters, and yuppie singletons calling this area between 12th & 6th Ave, York and Colorado home.  You’ll be a short walk to the luxurious Cheesman Park and the Denver Botanic Gardens giving Congress Park a walkable yet urban feel.

••••► See all active home listings in the Congress Park South Neighborhood here.

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Jefferson Park Neighborhood

Average Sold Price: $260,000 | 9% Increase

Jefferson Park is quickly finding it’s place as one of the hottest real estate spots in town.  I-25 and Speer funnel the traffic around this area rather than through it providing a quiet and cozy area where many people are finding surprisingly affordable homes.  Bronco fan?  It’s just a hop skip and a jump away from Mile High Stadium.  You’ll get some of the finest city views imaginable and you’re only a short walk to the popular Lower Highland area.  Things are moving quickly over in this neck of the woods with the average days on market being only 46.  Get in while you can in this area.

••••► See Berkeley Homes for Sale here.

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Park Hill East Neighborhood

Average Sold Price: $204,000 | 5% Increase

With lower prices, proximity to City Park, bike trails, restaurants, etc.  what’s not to love about this quaint little neighborhood we call Park Hill East?  You’ll find lovely little bungalows and tudors sprinkled amongst pockets of small shopping and dining districts.  Enjoy little known Thai, soul food, breakfast and Italian restaurants all just a short stroll away.  PHE residents also enjoy quick access to the shops at Stapleton.  This is a perfect neighborhood for the entry to mid-level home as properties are bound to keep appreciating.

••••► See Park Hill Denver Real Estate & Homes for Sale here.

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Regis Neighborhood

Average Sold Price: $212,000 | 11% Increase

The Regis neighborhood is home to one of the finest Jesuit Schools in the world.  You’ll find students and families all living in perfect harmony.  There are some lovely little shops and restaurants popping up every day.  Take advantages of the current home prices and this neighborhood is surely on the rise and expecting big things to happen in the next few years.

••••► Check out Regis Neighborhood Real Estate here.

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Sloan’s Lake West Neighborhood

Average Sold Price: $341,000 | 9% Increase

Sloan’s Lake is poised to be one of the best investment opportunities in Denver.  You have a big beautiful lake with the backdrop of the city skyline silhouetted on the water.  St Anthony’s hospital is moving to Lakewood with will open up 19 acres for mixed use development.  You’ll have classy shopping stores, modern condos and storefronts connected by the light rail into the city.  This is one of those investment opportunities they’ll be talking about 10 years from now.

••••► See all Sloan’s Lake Denver Homes for Sale

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Sunnyside East Neighborhood

Average Sold Price: $181,000 | 13% Increase

5280 has been touting this up and comer now for many years.  It’s now arrived as respectable, yet a little gritty, neighborhood in North West Denver.  Buyers who are looking to find a rough diamond and polish it up a little may be making a very wise investment as this area of Denver appreciated 13% over the last year.  If you can endure the refinement process then good things are coming to those in Sunnyside East.

••••► See all active home listings in the Sunnyside East Neighborhood here.

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Wash Park West Neighborhood

Average Sold Price: $395,000 | 1% Increase

The West area of Wash Park beat East Wash Park in terms of appreciation this year.  The West side is far more hip in my book since you are tucked in between the most coveted park in town and the hip downtown area of South Broadway.  Seems the younger and hipper crowd is taking over the Westside.  Hope we don’t start having an Eastside vs. Westside turf war.  I think there is enough of Washington Park for everyone to share.

••••► View Washington Park Homes for Sale

The Colorado Housing Assistance Corporation, otherwise known as CHAC, offers down payment assistance to First Time Home Buyers who only have $1000 to put down on a home. CHAC considers a first time home buyer to be anybody who has not owned a home within the last three years. CHAC is a great alternative to CHFA, also known as the Colorado Housing and Finance Authority, since CHAC allows lenders to provide a FHA loan as the first loan and an option of no payments for five years or a 2% interest rate for thirty years on the second loan.

If you are short on cash for a down payment CHAC beats CHFA in a side by side comparison, hands down.

These two options alone will give a borrower a lower monthly payment compared to CHFA along with more buying power to purchase a bigger home or a home in a nicer area. To qualify for CHAC down payment assistance one must be buying a home in the following counties:

• Denver County,
• Arapahoe County
• City of Lakewood or Jefferson County (excluding Arvada and Westminster)

If you are in one of the aforementioned counties CHAC will give up to $10,000 to you to help purchase your first home. CHAC will NOT provide assistance in Aurora, Douglas, or Adams County. Don’t worry though, if you are outside the already mentioned counties and in the state of Colorado CHAC will still provide up to $5,000 for down payment (repayable at $50 a month over 150 payments or 12.5 years for down payment assistance).

If you are buying in one of the lendable counties you must meet CHAC’s income requirements to qualify for the program as well.

• One person in the household the income limit is $42,550
• Two people in the household $48,650
• Three people $54,700
• Four people $60,800
• Five people $65,650
• Six people $70,550.

To qualify for CHAC Down Payment Assistance you need to meet the income requirements and you must attend a First time homebuyer class with CHAC.  Classes are held all over the Denver Metro. Upon completion of this class you will receive a Certificate that you are required to have in order to obtain your final approval on your CHAC loan.  CHAC only requires $1000 into the transaction so make sure your Realtor does not put down more than $1000 down for earnest money because you can’t get the excess back at closing.  Most sellers understand this CHAC requirement.

In my opinion If you are short on cash for a down payment CHAC beats CHFA in a side by side comparison, hands down.

For more information on CHAC loans please contact us at (888) 360-3935.

Bobby Kurpinsky is a Colorado Home Loan Specialist and has been assisting home buyers qualify for down payment assistance for years.  For questions feel free to email Bobby at bkurpinsky@megastarfinancial.com or call him directly at (720) 529-1706.

Believe it or not there are still many low down payment mortage options to buyers in the state of Colorado. If you are a first time homebuyer, which means you haven’t owned a home in the past three years, and you want to take advantage of the free 8k the government is giving away via the tax credit you must be under contract by April 30^th and close on your home by June 30^th.  And if you don’t have much to put down on a home there are still options for you.

Low Down Payment Mortage Options

FHA Loan 3.5% Down Payment

FHA loans offer a great way to get in to a home with only 3.5% for a down payment. If you don’t have 3.5% down FHA allows a gift from a relative to cover the 3.5% down payment. You can pay the gift back to your relative in a matter of months when you receive the 8k tax credit back after you do you taxes or amend your previously filed 2009 taxes.  FHA offers very low rates even with credit scores downward of 620 so if you have had some credit issues in the past FHA may be a viable option.

HUD Homes $100 Down Payment

HUD homes are another way to get into a home with very little money down to buyers in the state of Colorado. HUD homes are foreclosed homes in which the former owner had an FHA loan. These loans only require the buyer to bring $100 to the table for a down payment. That is not a typo. A single Ben Franklin is all HUD asks for. Some of these homes may look like Gary Busey after a long night of drinking but with some TLC they can definitely be called home and with very little money down to boot.

CHFA Loans for Colorado

CHFA, otherwise known as Colorado Housing Finance Authority, offers great options to buyers across Colorado. CHFA allows buyers to only put $1000 down on any resale, bank owned, or home in short sale. CHFA has a number of different programs that allow a first mortgage up to 96.5% of the purchase price and a second mortgage covering  the difference that can be used for down payment, closing costs, prepaids, and escrows. Both loans have the same interest rate and are amortized over 30 years. This low down payment option is a great way to utilize the states funds to your advantage. Income and purchase price limits do apply on this program in the State of Colorado so be sure to contact me with any questions regarding those limits. One more benefit to CHFA is that they will consider a loan for borrowers with credit scores down to 580 so depending on the issues you have with your credit CHFA may be a perfect option.

USDA Rural No Money Down Payment Loans

USDA, otherwise known as United States Department of Agriculture, have a fantastic program for people living in Rural areas of Colorado. The USDA program requires no money down on homes in rural areas and no monthly mortgage insurance which gives buyers in rural areas of Colorado much more buying power. There is an upfront mortgage insurance premium of .5% rolled into the loan but no monthly mortgage insurance is required. If I lived in a rural area of Colorado I would be all over this loan like the Winter Olympics were with figure skating because I would be able to afford much more home with no down payment. Income and Purchase price limits do apply on this program so please contact me with any questions.

Bottom line is whether you are looking  for a home in the Denver Metro area, the four corners of Colorado, up to Ft Collins, back down to Pueblo or all the way in Grand Junction there are little to no money down programs a plenty just waiting for you to find a place to call home. I’m sure there are some questions for me out there so please don’t hesitate to contact me.

Bobby Kurpinsky is a Colorado Loan Consultant with Megastar Financial.  To apply for a loan contact Bobby at (720) 529-1706 or bkurpinsky@megastarfinancial.com

Don’t worry if you are still looking for Real Estate in Denver.  Not only did we hang on to our Neighborhood search but we made it even better.  We added 15 new neighborhoods and a new Luxury Home Search.  We still have all of our Niche Searches such as Foreclosures, Just Listed, Price Drops, etc.  We still have our Loft Search by Building and remain the only site to cover active listings in every Loft building in Denver.  We will be working over the next few months to add these same searches to Colorado Springs, Fort Collins, Grand Junction, Durango, and more.

This has been a major technical achievement.  Main stream websites like Trulia, Yahoo, and Zillow are user generated listings and only cover about 40% of Colorado listings.  360dwellings ties in directly to all of the major MLS feeds across the state to bring real active listings in it’s already popular search functionality.

No matter what city you are searching in, you will still enjoy our Google based Map Search, Google Streetviews, Virtual Tours, Walkscores and everything else that has made 360dwellings the best search in Denver over the last year.

We are constantly looking for feedback on what you would like to see.  Do you have a Niche search you are looking for?  Just shoot us an email at: info@360dwellings.com.

Many are predicting that home values across Colorado are going to be seeing some serious appreciation over the next few years.  Interest rates are still at historic lows and the tax credit is still out there.  The tax credit now applies to sales occurring on or after January 1, 2009 and on or before April 30, 2010. However, in cases where a binding sales contract is signed by April 30, 2010, a home purchase completed by June 30, 2010 will still qualify.

One final note:  Our “Schedule Showing” feature makes it simple to schedule a time to preview a home or condo.  Just put in a requested date for the showing and you will receive an email confirming the appointment.

Metro Denver had the third-largest gain in home values among cities nationwide in 2009 through November, with a $10.7 billion increase, according to Zillow Real Estate Market Reports.

Only Boston ($23.3 billion) and Providence, R.I. ($12.4 billion) had greater gains in home value.

U.S. home values as a whole dropped $489 billion in this year’s first 11 months, which was significantly less than the $3.6 trillion drop in home value sustained in 2008, the Zillow report said.

Forty-eight of the 154 markets Zillow tracks showed gains in home values through last month.

The report was produced by Seattle-based Zillow Inc., a provider of housing information related to sales, values, foreclosures and mortgages.

Zillow uses its own proprietary formula to calculate home values.

Home values stabilized significantly during the second half of 2009, with total dollar value of U.S. homes increasing since June,” Stan Humphries, Zillow’s chief economist, said in a statement. “Most housing markets across the country had a good summer, spurred largely by the government’s tax credits for [first-time] homebuyers combined with very low mortgage rates.

Future home values will be affected by mortgage rates that are expected to “creep back up” in the first quarter of 2010, as well as a foreclosure rate that continues to be high. “Both these factors will challenge the recent stabilization of home prices,” Humphries said.

Denver-area home values increased $10.7 billion to a total of $215.7 billion this year through November, according to Zillow. Values dropped $20.2 billion in 2008.

Los Angeles had the biggest decrease in home value through November, with a $60.8 billion drop to $1.7 trillion in total home value.

Other markets seeing major losses in home value included:

• Chicago — Down $49.6 billion to $688.8 billion total.

• New York City — Down $49 billion to $2.7 trillion.

• Miami-Fort Lauderdale — Down $45.9 billion to $403.5 billion.

• Phoenix — Down $45.1 billion to $241.1 billion.

Home value dropped so much in those markets partly because of the high number of homes in those metro areas, the report said.

This article appeared in the Denver Business Journal on Dec. 8th, 2009 ]]> http://www.360dwellings.com/denver-among-top-u-s-cities-for-2009-home-value-gain/feed/ 0 http://www.360dwellings.com/denver-real-estate-market-positive-indicators/ http://www.360dwellings.com/denver-real-estate-market-positive-indicators/#comments Wed, 18 Nov 2009 17:38:07 +0000 admin http://www.360dwellings.com/?p=3604 Here is some more positive Denver Real Estate Market News (and Front Range in general).  Denver is leading the Housing Market resurgence.

Homebuyer Tax Credit Extended, Expanded: The House of Representatives passed legislation November 5^th that would extend and expand the tax credit for first-time home buyers. read more here

Denver Home Resales Rebound in October: Metro Denver home resales increased in October from September, but were down from October of last year, according to a Metrolist Inc. housing report released Friday. read more here

Search for Denver Real Estate.

Existing-Home Sales Jump 13% in West, 9.4% Nationwide: First-time homebuyers helped drive up existing home sales nationwide — and especially in the western states, including Colorado — according to the latest figures from the National Association of Realtors. In the West, including Colorado, existing-home sales jumped 13 percent to an annual level of 1.3 million in September — 5.7 percent higher than a year ago. read more here

Colorado Springs Makes Business Weeks ’40 Strongest’ List: Once again, Colorado Springs is in the spotlight for being a great place to live–but this time it’s not for the mountains, the view or the many places to hike, mountain bike or road bike. The Springs is on BusinessWeek’s 40 Strongest U.S. Metro Economies list. The Pikes Peak region ranked 24^th on the list, which was compiled using data and analysis from  Brookings Institution’s new MetroMonitor study. read more here

SMA Solar Plant to Bring Hundreds of Jobs to Denver: SMA Solar Technology AG, the world’s largest manufacturer of a critical component in solar power generation, said Monday it will invest about $20 million in its first North American manufacturing plant — in Denver — expected to open in the first half of 2010. read more here

Search for Denver Lofts for Sale.

Vail Resorts’ Sales of Season Passes Increase 13 Percent: Vail Resorts Inc.’s season-pass sales rose 13 percent in September as skiers eager for powder prepared to make tracks a year after the financial crisis. read more here

Courtesy of Land Title, Cherry Creek.