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Entries from November 2009

Good news raises hopes that recovery won’t fizzle

November 28th, 2009 · No Comments

From the Denver Post: Good news raises hopes that recovery won’t fizzle
A flurry of good news this week — including falling jobless claims, stronger consumer spending and higher new-home sales — suggests that the economic rebound, modest though it is, might just be here to stay.

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Denver home prices down from year ago

November 27th, 2009 · No Comments

From the Denver Post: Denver home prices down from year ago
Denver and Dallas saw the smallest decline in home prices among cities surveyed in September compared with the same month a year ago.

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Stocks end three-day slide

November 26th, 2009 · No Comments

From the Denver Post: Stocks end three-day slide
The stock market ended a three-day losing streak Monday, closing broadly higher as a weaker dollar and upbeat home-resales numbers encouraged investors to take on more risk.

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Stocks end three-day slide

November 25th, 2009 · No Comments

From the Denver Post: Stocks end three-day slide
The stock market ended a three-day losing streak Monday, closing broadly higher as a weaker dollar and upbeat home-resales numbers encouraged investors to take on more risk.

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Desperate homeowners find mortgage relief elusive

November 24th, 2009 · No Comments

From the Denver Post: Desperate homeowners find mortgage relief elusive
Alison Myers of Evergreen raced to get a loan modification under the Home Affordable Modification Program as soon as she could back in March.

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Colorado unemployment rate dips in October

November 23rd, 2009 · No Comments

From the Denver Post: Colorado unemployment rate dips in October
A shrinking labor force and about 1,000 new jobs have helped put Colorado’s latest seasonally adjusted unemployment rate for October at 6.9 percent, a slight decrease from the previous month, the state Department of Labor and Employment said Friday.

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Colorado foreclosure filings hit record high in 3Q

November 22nd, 2009 · No Comments

From the Denver Post: Colorado foreclosure filings hit record high in 3Q
New foreclosure filings in Colorado reached a record high of 12,468 during the third quarter, according to a report released Thursday by the Colorado Division of Housing.

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Former homebuilder guilty of racketeering, theft, forgery

November 21st, 2009 · No Comments

From the Denver Post: Former homebuilder guilty of racketeering, theft, forgery
Mark Strodtman, 52, of Windsor, was found guilty Wednesday afternoon in District Court in Greeley of felony racketeering, theft and forgery after a 12-day jury trial.

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Colorado not expanding its competitiveness, economic report warns

November 20th, 2009 · No Comments

From the Denver Post: Colorado not expanding its competitiveness, economic report warns
Colorado’s ability to increase incomes and create jobs for its citizens is lagging behind surrounding states it must compete with, a report released Tuesday by the Metro Denver Economic Development Corp. warns.

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McWhinney to break ground on Loveland apartment complex

November 19th, 2009 · No Comments

From the Denver Post: McWhinney to break ground on Loveland apartment complex
During the last six months of this year, the developer of northern Colorado’s largest master-planned community will have moved forward with $82 million in public and private projects — despite an economy that has many companies struggling to keep their loans current.

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McWhinney to break ground on Loveland apartment complex

November 18th, 2009 · No Comments

From the Denver Post: McWhinney to break ground on Loveland apartment complex
During the last six months of this year, the developer of northern Colorado’s largest master-planned community will have moved forward with $82 million in public and private projects — despite an economy that has many companies struggling to keep their loans current.

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As shoddy lending deals unravel, New Frontier Bank is a common thread

November 17th, 2009 · No Comments

From the Denver Post: As shoddy lending deals unravel, New Frontier Bank is a common thread
The pitch was made to a group of San Francisco immigrants packed into a windowless Holiday Inn room over plates of cold chicken and glossy photos of Colorado vistas.

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Former luxury-home sales chief to plead guilty.

November 16th, 2009 · No Comments

From the Denver Post: Former luxury-home sales chief to plead guilty.
The former director of sales for a Colorado real estate company that built luxury homes throughout the state agreed Friday to plead guilty to a federal conspiracy charge.

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Colorado apartment vacancies drop to 7.4 percent from last quarter

November 15th, 2009 · No Comments

From the Denver Post: Colorado apartment vacancies drop to 7.4 percent from last quarter
The statewide apartment-vacancy rate was 7.4 percent during the third quarter, compared with 6.6 percent during the same time last year, according to a survey released Thursday.

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Foreclosure notes drop in October

November 14th, 2009 · No Comments

From the Denver Post: Foreclosure notes drop in October
The number of homeowners on the brink of losing their homes dipped in October, the third-straight monthly decline, as foreclosure-prevention programs helped more borrowers.

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Federal mortgage relief reaching 1 in 5 borrowers

November 13th, 2009 · No Comments

From the Denver Post: Federal mortgage relief reaching 1 in 5 borrowers
The Obama administration’s mortgage-relief program has reached one in five eligible homeowners, a government report says, but most of those borrowers are on temporary trial plans that have yet to be made final.

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Federal mortgage relief reaching 1 in 5 borrowers

November 12th, 2009 · No Comments

From the Denver Post: Federal mortgage relief reaching 1 in 5 borrowers
The Obama administration’s mortgage-relief program has reached one in five eligible homeowners, a government report says, but most of those borrowers are on temporary trial plans that have yet to be made final.

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Federal mortgage relief reaching 1 in 5 borrowers

November 11th, 2009 · No Comments

From the Denver Post: Federal mortgage relief reaching 1 in 5 borrowers
The Obama administration’s mortgage-relief program has reached one in five eligible homeowners, a government report says, but most of those borrowers are on temporary trial plans that have yet to be made final.

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HAMP offers a quick way to reduce mortgage payments

November 10th, 2009 · No Comments

From the Denver Post: HAMP offers a quick way to reduce mortgage payments
The frequently used adage of “if it seems too good to be true, it probably is” almost always holds true. But the saying is proving false for many participants in the government’s new Home Affordable Modification Program, known as HAMP.

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Denver metro home resales drop in October

November 9th, 2009 · No Comments

From the Denver Post: Denver metro home resales drop in October
Sales of existing homes in metro Denver were down in October compared with the same month a year ago, but median sales prices for both single-family homes and condos increased, according to data released Friday.

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