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Colorado State Overview

Naomi M — Thu, 04 Oct 2007 13:03:45 -0500

Colorado Economy

Denver housing markets reaches tipping point in September

Fri, 30 Nov 2007 00:45:10 -0600

The Denver-area's housing market streak of beating or topping the nation in home appreciation ended in September.

Overall housing prices in the Denver area fell by 0.9 percent in September from August, as well as for the entire year, according to the closely watched S&P/Case-Shiller Price Indices released today.

For the month-to-month drop, the Denver area housing market exactly matched the national average for the 20 cities. For the year, Denver is outperforming the nation as a whole, showing an average drop of 4.5 percent, its second consecutive record low.

Glenwood Springs Colorado real estate prices continue to climb

Wed, 06 Jun 2007 00:00:00 -0500

Garfield County and surrounding counties are experiencing high values and large numbers of transactions for the first part of the year. Real estate agents don't expect this trend to slow down anytime soon.

"It doesn't look like it," said Michelle James, co-owner of Vicki Lee Green Realtors in Glenwood Springs. "I would say, at this point, the trend is showing that the market will continue to be strong."

Colorado Springs CO housing market still in slump

Fri, 01 Jun 2007 00:00:00 -0500

A record-shattering number of homes were listed for sale last month in the Pikes Peak region, while home construction continued its slump — fresh signs the struggling local housing market isn’t getting better.

In May, 6,567 homes were listed for sale in the area, a one-fourth increase over the same month last year and breaking the record of 6,200 set in June 1988, according to numbers released Friday by the Pikes Peak Association of Realtors. The median price for homes sold in May was $220,000, unchanged from the same month last year.

Colorado soft housing market will keep economy down

Sun, 20 May 2007 00:00:00 -0500

An economic report by Wells Fargo forecasts Denver's economy will keep cooling through at least 2008, as the state's soft real estate market continues to affect job growth.

"We expect the Denver economy to continue to slow in 2007 and 2008, in line with the nation, as the housing slowdown leads to further job losses in construction, real estate and financial services," the report reads.

The report, prepared by economist Ed Kashmarek, noted that sectors such as manufacturing and information services will "contract amid a slowdown in business spending."

Home Prices in Denver Colorado Fall in March

Fri, 06 Apr 2007 00:00:00 -0500

The average price of a previously owned home sold in the Denver area in March fell by more than $10,000, or 3.6 percent, according to a report released Thursday. The source of this information is the Business Rocky Mountain News.

And while the number of homes placed under contract in March from February jumped by 24 percent, that is a typical increase for seasonal reasons based on Metrolist Inc. figures.

Colorado Foreclosure Hotline Exceeds 10,000 Calls In Five Short Months

Wed, 04 Apr 2007 00:00:00 -0500

At least 4 out of 5 callers to the Colorado Foreclosure hotline who meet with housing counselors avoid foreclosure, according to a report released today by the Colorado Division of Housing and Brothers Redevelopment, Inc.

This information was published in the Business Rocky Mountain News. The report comes as the foreclosure hotline surpasses 10,000 calls five months after the hotline launched.

Receiving about 75 calls each day, the hotline (1-877-601-HOPE) connects callers with local housing counselors throughout the state.