Breaking Real Estate News

Denver Metro Area, Colorado, and National Real Estate news and updates for homeowners and future homebuyers.

Found 47 blog entries about Breaking Real Estate News.

 

The cottage that inspired Nancy Meyer's romantic comedy is for sale!

The interiors of Nancy Meyers' films are famously beautiful - generally large American houses with extremely well-equipped kitchens and miles of sumptuous bed linen. In her Christmas romantic comedy The Holiday, however, the filmmaker turned her hand to an English country cottage, and the results were quite something. Now the Surrey cottage which inspired the sets for the film is on sale, and could be yours for £650,000.

Although the Rosehill Cottage of the film doesn't exist in reality - the exteriors were built from scratch in a field and the interiors are sets - Honeysuckle Cottage in Holmbury St Mary provided inspiration for the crew who designed it. The cottage is

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The FHFA announced Tuesday that it is increasing the conforming loan limit for Fannie and Freddie mortgages in nearly every part of the U.S.

After not increasing the maximum conforming loan limits on mortgages to be acquired by Fannie Mae and Freddie Mac for 10 years, the Federal Housing Finance Agency has now increased the conforming loan limit for the third straight year.

According to the FHFA, the conforming loan limits will rise from this year’s total of $453,100 to $484,350 for 2019. That’s an increase of 6.9% from this year’s loan limit to next year’s.

As stated above, this marks the third straight year that the FHFA has increased the conforming loan limits after not increasing them from 2006 to 2016.

Back in 2016, the FHFA

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After more than a year of fanfare, competition and city government prostrations, Amazon’s announcement of its second headquarters location is imminent.

Back in September 2017 the e-commerce company first asked for proposals from North American cities on where to house its HQ2, which would come with 50,000 jobs and $5 billion in capital spending for the winning city.

Amazon said it was looking for a city equal to its Seattle headquarters, and would preference those with lots of tech talent, good public transit and attractive tax exemptions. After receiving more than 200 proposals, Amazon culled those to 20 finalists in January.

While Amazon has been mum about the winning city, plenty of people have placed their bets. NYU business professor

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Why is it so hard to find a reasonably priced apartment in Denver right now?

Westword gives us a vision of what's going on.

One reason is that so few of them are being built, because developers continue to focus the vast majority of their resources on projects that only rich people can afford.

Indeed, a new study finds that 88 percent of apartment projects built within Denver city limits in 2017 and 2018 to date fall into the luxury or high-end category. And believe it or not, this number is actually down from the  percentage of high-end projects built over the previous few years.

The report, just issued by RENTCafe, identifies the disproportionate number of luxury apartment buildings under construction as a national trend. Across the…
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If you live pretty much anywhere in the Denver metro area, cranes and new developments seem to continue to be popping up everywhere.

According to this Denver Business Journal study, though, there are a handful of nearby cities that are experiencing the most growth:

In March 2018, cities in the Denver metro issued 3,266 new building permits for private housing units, reaching a high not seen since May 2001, according to data from the U.S. Census Bureau.

That number has fallen in the months since, but as new home construction heats up in the suburbs, we asked the largest homebuilders in the Denver metro to list the cities (up to five per firm) where they're planning the most expansion in 2018. Seventeen of the 21 firms on the List

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Nearly a decade after the Great Recession, Lawrence Yun, chief economist for the National Association of REALTORS® (NAR), says concerns that the housing market has peaked and is headed toward another slowdown are purely speculative, regardless of recent sales declines in some regions.

What’s in store for the future? Markets should slow down; however, this is due in part to insufficient supply and swiftly rising home prices instead of weak buyer demand. Yun predicts existing-home sales will drop 1 percent to 5.46 million in 2018 (down from 5.51 million in 2017). Home price growth, however, should remain strong, increasing an estimated 5 percent nationwide. And with an anticipated hike in inventory supply come 2019, home sales should stay

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In 2040, nearly 900,000 people could live in Denver.

That’s the assumption behind a far-reaching set of plans that the city government introduced this morning. Together, they represent the government’s strategies for its next 22 years of growth, covering parks, transit and development.

The figure at the heart of all this — 894,000 residents — would represent a 21 percent expansion of Denver’s population.

“The reality is, this is our forecast and our projection. We don’t know to what level we will accomplish our forecasted numbers,” Mayor Michael Hancock said in an interview. “Our responsibility today is to plan for the future.”

The exact number will change with inevitable booms and busts. But the projection is part of a vision that will

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An acute shortage of affordable homes in the United States will continue over the coming year, according to a majority of property market analysts polled by Reuters, driving prices up faster than inflation and wage growth.

After losing over a third of their value a decade ago, which led to the financial crisis and a deep recession, U.S. house prices have regained those losses — led by a robust labor market that has fueled a pickup in economic activity and housing demand.

But supply has not been able to keep up with rising demand, making homeownership less affordable.

Annual average earnings growth has remained below 3 percent even as house price rises have averaged more than 5 percent over the last

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In March, the average price of a detached single-family home in metro Denver surpassed $500,000 for the first time. But that's already seeming like the good old days.

Why? The new average price for such a property is up nearly $40,000 in just three months. And over the past four years, that average has leaped skyward by more than $171,000 — an amount that would have bought a young family quite a nice house not all that long ago.

These revelations are contained within the June market trends report from the Denver Metro Association of Realtors. It's accessible below in its entirety.

According to DMAR, the average price for a detached single-family home in metro Denver last month was $540,624. That's an increase of $37,638 since February, or

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The National Low Income Housing Coalition’s 2018 Study found that the average Colorado resident needs to make at least $23.93 per hour to afford a two bedroom apartment, which is the 11th highest “housing wage” in the US.

The NLIHC 2018 report calculates the number of hours a minimum wage earning employee needs to work per week in order to afford a two bedroom apartment. The apartments were at Fair Market Rent which is annually determined by the federal government. Fair Market Rent estimates what it would cost to rent apartments in a particular area. This year's report reveals that affordable housing is still out of reach in Colorado and across the country. 

For residents of Denver- Aurora- Lakewood MSA they would need to earn $27.27 per hour,

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