A new federal program allowing more homeowners who are in trouble with their mortgages to qualify for refinancing is expected to have little impact in Colorado.
President Barack Obama on Monday announced the broadening of the Home Affordable Refinance Program to help people avoid foreclosure.
According to the Denver Post (http://bit.ly/ud4KCc ), nearly 21 percent of mortgages [...] [...]
Seeking to circumvent congressional opposition, President Barack Obama will promote a series of executive branch steps aimed at jumpstarting the economy this week, beginning with new rules to make it easier for homeowners to refinance their mortgages.
The White House said changes to the two-year-old Home Affordable Refinance Program will help homeowners with little or no [...] [...]
The number of multi-family construction permits issued so far this year is at a nine year high, but that doesn’t mean there’s going to be a building boom.
The Pikes Peak Regional Building Department has issued 18 permits for developers to construct 407 multi-family units so far this year, the highest number of units approved annually [...] [...]
When Doug Groninger took over his father’s concrete business in 2004, he followed his father’s advice. [...]
As Colorado Springs’ apartment vacancy rates decrease, inexpensive housing is drying up. And that has more low-income renters turning to affordable-housing providers, like the Division of Housing and Greccio Housing.
The city’s apartment vacancy rate is 5.6 percent, a 10-year low, and apartment owners have stopped offering incentives like discounted rent as thousands of troops return [...] [...]
Builders broke ground last month on the fewest homes in nearly two years, a reflection of declines in home prices and diminished demand that has made it difficult for them to compete.
The Commerce Department says home construction plunged to a seasonally adjusted 479,000 homes last month, down 22.5 percent from the previous month. It was [...] [...]
A major contributor to the Great Recession of 2008-2009 was the decline in home prices.
For the average household, the equity in their home is their largest asset, comprising a significant portion of their wealth. Wealth dropped an unprecedented $17.5 trillion over the seven quarters between mid-2007 and early 2009.
We are beginning to see some positive [...] [...]
The dollar turned higher Thursday after reports on U.S. jobs and home sales indicated that the economy improved at the end of 2010.
The government’s weekly jobless claims data showed fewer people filing for unemployment benefits, suggesting that hiring will pick up this year. The National Association of Realtors said sales of previously owned homes in [...] [...]
by Associated Press Published: November 24,2010
Tags: Housing
New home sales tumbled in October while the median home price dropped to the lowest point in seven years.
Sales of new single-family homes declined 8.1 percent to a seasonally adjusted annual rate of 283,000 units in October, the Commerce Department reported Wednesday.
It was the fourth time the sales rate has dropped in the past six [...] [...]
Construction of new homes fell in October, fresh evidence that the housing industry remains under duress.
Construction of new homes and apartments sank 11.7 percent last month to a seasonally adjusted annual rate of 519,000 units, the Commerce Department said Wednesday. But that was mainly because apartment construction, which represents less than 20 percent of the [...] [...]
Loading ...
