2011 Was a incredibly challenging yet re « The Boulder Real Estate Minute

Posted by: duanecaraballo | December 10, 2011

2011 Was a incredibly challenging yet re

2011 Was a incredibly challenging yet rewarding sales season. It took more money to market homes and adjusting sellers to the lack of interest in certain markets and real time market changes wasn’t enough to get appropriate pricing adjustments to meet the market. i.e. motivation vs. staying home vs renting. I did my best…

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Denver Post: Business: Economic News

Spec office building rises, land deal forged in Denver-area's U.S. 36 corridor February 23, 2012
The tight commercial real estate market along the U.S. 36 corridor has prompted the development of one speculative office building and the purchase of nearly 50 acres of land for future industrial build-to-suit development.
Consumer bureau looks into bank overdraft fees February 23, 2012
Acting on complaints about high overdraft fees on checking accounts, the new federal consumer bureau launched a broad inquiry into bank practices and is seeking public input on a special disclosure box about fees on monthly statements.
Dow closes down 27 points amid concern over Greece and a pause "for next slew of good news" February 23, 2012

Research Commentary from REALTOR.org.

Existing-Home Sales Rise Again, Inventory Declines February 22, 2012
In January, existing-home sales rose, marking three gains in four months; inventories continued to improve.
Metro Home Prices Boost Affordability, Sales Improving February 9, 2012
Affordability improved in most areas on softer prices and low mortgage interest rates.
How Long Do Owners Stay? Why Do They Sell? January 27, 2012
A look at homeowners' tenures in their home and motivations for moving from the 2011 Profile of Home Buyers and Sellers.

Developments

Realtors Slam Obama Foreclosure-Rental Plan February 22, 2012
The National Association of Realtors took a public shot at the Obama administration on Wednesday, criticizing an effort to alleviate some the housing markets woes by renting out foreclosed properties.
Distressing Signs for Maryland Mall February 22, 2012
Since 2009, six of the largest U.S. mall owners have forfeited 20 struggling malls to their lenders or sold them under pressure from those lenders. Lakeforest Mall in Gaithersberg, Md., might soon be added to that list.
University of Kentucky Opens Door to Leaving Dorm Management February 22, 2012
The University of Kentucky took a major first step Tuesday in its closely watched effort to transfer campus dorms to a private company.

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The before-and-after pictures “show” you what a difference furniture placement can make on the sale. http://t.co/BtTzap8f 23 hours ago
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Some home repairs obviously require a higher priority. Check out which should be done first. http://t.co/pryn1uG3 5 days ago

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