November 2006 - Posts

Denver Multi-Family Apartment Update
30 November 06 07:42 PM | Steve Hewson | (Comments Off)   

Investors from California, Arizona and other states have moved to the Denver multi-family apartment market to acquire real estate for the last several years. These larger investors are coming from over-valued markets to the undervalued Denver market. Read More...

Apartment Vacancy Rates Decline in Denver
15 November 06 07:45 PM | Steve Hewson | (Comments Off)   

This on-line source for Colorado and Denver real estate markets frequently opines on the investment opportunities for apartment and other residential income properties. Apartment vacancies are declining and rental income is improving in most areas in Read More...

Denver Homebuilders Continue With Heavy Inventory
13 November 06 07:47 PM | Steve Hewson | (Comments Off)   

Denver area homebuilders continue to experience heavy inventories of new homes. Sales declines of new homes have followed a downward path much like the recent resale residential market. Buyers are waiting out the market as a result of reading the negative Read More...

Tax Exclusion When You Sell Your Home
09 November 06 07:49 PM | Steve Hewson | (Comments Off)   

David Strother, a CPA in the metro Denver area and a friend of our consulting business, provides us this year-end real estate tax planning tip from his Monthly Newsletter: If you sold your main home, you may be able to exclude up to $250,000 of gain ($500,000 Read More...

Downtown Denver Ready for a Boom?
08 November 06 07:51 PM | Steve Hewson | (Comments Off)   

The Denver downtown area looks as if it is poised for a significant period of growth over the next several years. Downtown Denver real estate has seen several booms in the past. The last occurred in the early to mid 1980’s when the oil shortage Read More...

Colorado Association of Realtors Opposes Amendment 38
06 November 06 07:55 PM | Steve Hewson | (Comments Off)   

With only one more day to go before the elections, it seems appropriate to comment on at least one issue that may impact not only REALTORS, but also investors and owners of Colorado real estate. Amendment 38 that will amend the Colorado Constitution seeks Read More...

Colorado Unemployment Remains Low
04 November 06 07:57 PM | Steve Hewson | (Comments Off)   

The U.S. Department of Labor announced the most recent jobless statistics on Friday. The Denver area is reported to have a low 4.4 percent unemployment rate - the same as the low 4.4 percent rate for the nation as a whole. This is down from the metro Read More...

Investors Note Colorado Real Estate Auction
02 November 06 07:59 PM | Steve Hewson | (Comments Off)   

Investors in lender owned and REO properties should take note of this auction. Hudson and Marshall will be in Denver on November 18, 2006 to conduct an auction of foreclosed homes. The properties will be sold “as is, where is” with no inspection Read More...

Colorado Foreclosure Rate Highest in Nation
01 November 06 08:01 PM | Steve Hewson | (Comments Off)   

Realty Trac, a provider of foreclosure information and listings, said on November 1, 2006: "Colorado posted the highest foreclosure rate in the nation for the second consecutive quarter, reporting one new foreclosure filing for every 127 households Read More...