Jude's Real Estate Rumblings

head_left_image

Corporex Gets Financing for First Phase of Fitzsimons Project In Aurora, CO

Corporex Gets Financing for First Phase of Fitzsimons Project In Aurora, CO - Covington, KY-based Corporex is moving forward on the first phase of Fitzsimons Village, a 32-acre mixed-use development across from the Anschutz Medical Campus in Aurora, CO, east of Denver, after securing $80 million in financing.  The project includes the construction of a 153-room hotel and a six-story, 170,000-square-foot office building, with The Children's Hospital Association and administrative and staff offices for Children's Hospital serving as anchor.  The office project includes ground floor retail spaces and a freestanding parking structure. A second office building is planned for an adjacent parcel.
http://www.costar.com/News/Article.aspx?id=9F667D1875AFC6874BB722E692E58BEA&ref=100&iid=178&cid=9001CBAF4DBD10ED080732AB2C10D7B8

What is your Aurora CO home value?

Search for Aurora CO homes for sale for free! No registration!

1 comment • Jude Sandvall, ABR, CNE, SFR 720-255-1021 • April 22 2010 11:53AM

92% of homes sold priced below $500,000 in the Denver CO area

 
92% of homes sold priced below $500,000 in the Denver area - An analysis of Metrolist data by independent broker Gary Bauer shows in the eight-county Denver area, almost 93% of the homes sold and closed in the first quarter were priced below $500,000.  “The biggest change that I see is that in 2008 and 2009, homes priced below $100,000 accounted for a much bigger part of the overall housing market than in 2010,” Bauer said.  ”First, there are just not as many homes priced below $100,000 out there.  All of the activity is no longer at the low-end.  We are seeing more activity in the $200,000 to $300,000 range and the $300,000 to $400,000 range.”
     

What is your Denver CO home value?

Search for Denver CO homes for sale for free! No registration!
2 comments • Jude Sandvall, ABR, CNE, SFR 720-255-1021 • April 20 2010 11:38AM

The Housing Market Update

New Housing Index Reaches Best Level in 2 Years:
The National Association of Home Builders announced that their Housing Market Index which measures builder's sentiment and outlook for the industry jumped 5 points in April to a reading of 19.  This is the highest reading in 24 months.  The survey of 417 residential developers also showed that foot traffic from prospective buyers rose 4 points.

In a separate report, nationwide housing starts rose for the third consecutive month to a seasonally adjusted 626,000 units according to the U.S. Commerce Department.  Requests for  new housing permits also rose.  They increased to an annual rate of 685,000 units.

Federal Reserve Report Shows Economic Strength:
The Federal Reserve released their Beige Book last week.  This report (named for the color of its binder) showed that "economic activity increased somewhat" in 11 out of 12 federal districts.

The results of the Fed's  new survey is consistent with chairman Ben Bernanke's view that a modest recovery is unfolding, although it won't be strong enough to materially drive down unemployment rates for some time.

The new survey suggested that consumers, whose spending accounts for 70 percent of national activity, are doing their part to keep the recovery going.  Retailers in most parts of the country reported sales increases and merchants were "cautiously optimistic regarding future sales". 

What Happened to Rates Last Week:


Mortgage backed securities (MBS) gained +44 basis points last week which caused 30 year fixed rates to decrease for both government and conventional loans.  MBS pricing improved due to a weak Consumer Sentiment report, a jump in Initial Weekly Jobless Claims, continued concern over Greece's solvency and a massive market shake-up that resulted from the new Goldman-Sachs charges.

What to Watch Out For This Week:
The following are the major economic reports that will hit the market this week.  They each have the ability to affect the pricing of Mortgage Backed Securities and therefore, interest rates for Government and Conventional mortgages.  I will be watching these reports closely for you and let you know if there are any big surprises:

Date

ET

Release

For

19-Apr

10:00

Leading Indicators

Mar

21-Apr

10:30

Crude Inventories

17-Apr

22-Apr

8:30

Initial Claims

17-Apr

22-Apr

8:30

Continuing Claims

10-Apr

22-Apr

8:30

PPI

Mar

22-Apr

8:30

Core PPI

Mar

22-Apr

10:00

Existing Home Sales

Mar

22-Apr

10:00

FHFA Home Price Index

Feb

23-Apr

8:30

Durable Orders

Mar

23-Apr

8:30

Durable Orders ex auto

Mar

23-Apr

10:00

New Home Sales

Mar


I know you are busy and it is virtually impossible for you to keep track of what is going on with the economy and other events that can impact the housing and mortgage markets.  Just leave it to me, I monitor the live trading of Mortgage Backed Securities which are the only thing government and conventional mortgage rates are based upon. 

 

The Mortgage Network
600 South Cherry Street Suite 143, Denver CO, 80246
Phone: 303-394-2121

What is your Colorado home value?

 

Search for homes for sale in Colorado for free! No registration!

1 comment • Jude Sandvall, ABR, CNE, SFR 720-255-1021 • April 19 2010 02:58PM

50% Off Massage or Facial - Denver CO

Deal Location
3113 East 3rd Avenue
Denver, CO 80206

 

 

 

What is your Denver CO home value?

Search for Denver CO homes for sale for free! No registration!
Skin Care by Carrilyn
Oxygen Glow, Skin Deep Detox Facial, or 60-Minute Massage
$ 32.50 buy now

Sure, the Mile High is highly beautiful, but it’s also just plain high. Our altitude and sunny days can have wearing affects, especially on skin, causing it to prematurely wrinkle and sag beyond our years. Fortunately, today’s deal at Skin Care by Carrilyn can transform that radiant shine from intense sunbeams to an inner, glossy glow. Treat yourself, your wallet, and your skin to half off a facial or massage. Pay just $32.50 for an Altitude Adjustment Oxygen Glow facial that will breathe life into a finicky facade; or, for the same price, get the Skin Deep Detox facial to battle acne and zap zits. Also available with today's deal: an hour-long massage in the style of your preference (Swedish, deep-tissue, prenatal, reflexology, or myofascia release). We can't tell you what your skin's craving, but we can say that Carrilyn specializes in (mile) high quality.
Find out more
1 comment • Jude Sandvall, ABR, CNE, SFR 720-255-1021 • April 19 2010 02:53PM

Aurora, CO Park Review - Sagebrush Park

1 comment • Jude Sandvall, ABR, CNE, SFR 720-255-1021 • April 17 2010 03:47PM

Mortgage Rates Ease a Bit This Week

Mortgage Rates Ease a Bit This Week - The 30-year fixed-rate mortgage averaged 5.07% with an average 0.6 point for the week ending April 15, 2010, according to Freddie Mac's Primary Mortgage Market Survey.  Last week, it averaged 5.21%, and a year ago it averaged 4.82%.  "After rising for four consecutive weeks, mortgage rates eased back to where they were two weeks ago and still remain historically low," said Frank Nothaft, Freddie Mac vice president and chief economist.
http://realtytimes.com/rtpages/20100416_rates.htm

 

What is your Aurora CO home value?

Search for Aurora CO homes for sale for free! No registration!

1 comment • Jude Sandvall, ABR, CNE, SFR 720-255-1021 • April 17 2010 03:31PM

Another Deal! Ed Moore Florist Denver, CO 50% Off

Deal Location
6101 E. Colfax Avenue
Denver, CO 80220

 

What is your Denver CO home value?

Search for Denver CO homes for sale for free!  No registration!
Ed Moore Florist and Greenhouse
$50 to Spend on Flowers, Bouquets, Plants, Balloons, and Cards
$ 25 buy now

Ed Moore Florist & Greenhouse is letting you flex your green thumb for only half the green: pay $25 for $50 worth of flowers, arranged bouquets, plants, balloons, cards or party supplies. Indeed, spring is in bloom (somewhere under that last spring snow), and Ed Moore Florist & Greenhouse is arranging those blooms into ready bouquets just in time for the spring holidays like Easter, Mother’s Day, Father’s Day, Earth Day, and Administrative Professionals Day (hey, why not?). If an arranged bouquet is too cliche, give greenery, balloons, or a catchy card instead. Or, stop to smell the roses and then just keep them for yourself.
Find out more »
2 comments • Jude Sandvall, ABR, CNE, SFR 720-255-1021 • April 15 2010 02:45PM

50% Off of Wines Off Wynkoop - Denver, CO

Deal Location
1610 16th Street
Denver, CO 80202

 

What is your home value?

Search for homes in Denver CO for free!
Wines Off Wynkoop
$20 to spend on Wine, Beer, Spirits, or Cigars
$ 10 buy now

Generally, we’d suggest you stay off those backstreets. But in this case, we say: Get thee to an alley! The alley off 16th St and Wynkoop, that is, which leads to Wines Off Wynkoop, a cute and classy wine shop where “only the wine is corked up tight”. The staff, on the other hand, is friendly enough to recommend a good wine under $10 (without any attitude), or they’ll even explain those mysterious “floral and forest floor notes” in wine descriptions. Refreshing in both taste and experience, Wines Off Wynkoop is now offering $20 worth of wines, beer, spirits or cigars for just $10. Savvy wine slang to pull out at future parties? Absolutely free.
Find out more »
1 comment • Jude Sandvall, ABR, CNE, SFR 720-255-1021 • April 14 2010 07:33PM

City of Aurora CO announces 2010 summer concert schedule

City of Aurora announces 2010 summer concert schedule
Visitors enjoy live music at the city of Aurora's Banks in Harmony summer concert series.
Provided by: City of Aurora

Article Contributed on: 4/7/2010 2:37:52 PM

Bring a blanket and find a spot on the lawn for the City of Aurora's 24th annual Banks in Harmony summer concert series featuring a variety of music from pop to big band swing.

Concerts run from 6:30 to 8 p.m. Thursdays during the summer. 

Admission is free, and food is available for sale on site from Helga's Restaurant, Jim 'N Nick's BBQ and Cold Stone Creamery.

The schedule and locations are as follows:

Bicentennial Park, 13655 E. Alameda Ave., Aurora 
June 17, Dean Bushnell Orchestra (Big Band Swing) 
June 24, Deja Blu (Variety/Classic Rock)

Del Mar Park, 30 Del Mar Circle, Aurora 
July 1, Queen City Jazz Band (Dixieland Jazz) 
July 8, Chase N The Dream (Old School R&B/Dance)

Utah Park, 1800 S. Peoria St., Aurora 
July 15, Hot Tomatoes (Big Band Swing) 
July 22, Chris Daniels and the Kings (Roots Rock N' Roll with Horns)

Meadowood Park, 3054 S. Laredo St., Aurora 
July 29, Pan Jumbies (Calypso/Caribbean) 
Aug. 5, Western Flyer (Country Western)

Banks in Harmony is sponsored by the Aurora Chamber of Commerce, 1st Bank of Aurora, Citywide Banks, City of Aurora Cultural Services Division, Aurora Visitors Promotion Advisory Board, Wells Fargo Banks, Studio 1430 KEZW, the Aurora Sentinel and Aurora 8.

For more information, call the Aurora Chamber of Commerce at 303-344-1500. In case of inclement weather, call after 3 p.m. on the day of the concert for information on cancellations.

What is your Aurora CO home value?

Search for Aurora CO homes for sale for free! No registration!

2 comments • Jude Sandvall, ABR, CNE, SFR 720-255-1021 • April 12 2010 11:24PM

First-time buyers drive March surge in Denver-area home sales

First-time buyers drive March surge in Denver-area home sales - With the deadline looming to take advantage of an $8,000 federal tax credit, first-time buyers helped boost Denver-area home sales in March by nearly 50% over the previous month.  There were 3,602 homes sold last month - up 47.9% from February and a 12% increase from March of last year.  Approximately 70% of the single-family homes sold last month were priced below $300,000, and below $200,000 for condos.  Median prices for single-family homes were $229,000, up 12.3% from a year ago.
http://www.denverpost.com/business/ci_14849071

 

What is your Denver CO home value?

Search for Denver CO homes for sale for free! No registration!

0 comments • Jude Sandvall, ABR, CNE, SFR 720-255-1021 • April 12 2010 11:06PM