Jude's Real Estate Rumblings

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Mortgage Mess Means Opportunity

Mortgage Mess Means Opportunity, an article from thedenverchannel.com, reports that experts have called the current housing situation a national crisis, but at the same time many are finding new opportunities to invest in real estate.  Realtor Debbie Salek said, "There's a lot of fear with buyers and investors I think about jumping back into the market."  She added that now is they time to buy.  "If you wait too long you'll miss the boat," she said.  Both Realtors and lenders agree when it comes to buying foreclosures, you need to work with a licensed professional who has foreclosure experience and can help you navigate the process.
http://www.thedenverchannel.com/news/15756387/detail.html
1 comment • Jude Sandvall, ABR, CNE, SFR 720-255-1021 • April 03 2008 10:05AM

Economy steadies in metro Denver area

Economy steadies in metro area, an article from The Denver Post, reports that according to a monthly economic summary from the Metro Denver Economic Development Corp, Metro Denver's economy is holding its ground, but falling home prices, rising inflation and the national slowdown are weighing on it.  Patricia Silverstein, an economist at Development Research Partners in Littleton wrote, "A milder housing correction has helped local retail sales remain reasonably strong."  The report also shows despite the housing slump, metro consumers spent 9% more in 2007 than they did in 2006.  In Boulder County, retail sales rose 15.3% and 14.6% in Adams County.
http://www.denverpost.com/business/ci_8774943
0 comments • Jude Sandvall, ABR, CNE, SFR 720-255-1021 • April 03 2008 10:03AM

Aurora Colorado Lightrail Public Workshops

The city of Aurora will be holding three workshops this year so they can hear what you want around the new lightrail stations as they are constructed.  The first public workshop will be held on Thursday, April 3, 6 - 8:30 p.m. at North Middle School 12095 Montview Boulevard Aurora, CO 80010.  More details can be found here: http://www.auroragov.org/stellent/groups/public/documents/article-publication/036299.pdf

0 comments • Jude Sandvall, ABR, CNE, SFR 720-255-1021 • April 01 2008 10:13AM

An Interesting New Technology

Is There Room For DotHomes?, an article from RealtyTimes.com, reports that Douglas de Jager launched an American-version of DotHomes.  DotHomes uses super-powered search algorithms to pump out listings of homes as fast as you can type in a ZIP code.  Instead of relying upon brokers, agents and multiple listing services to supply listings, often for a fee, DotHomes has its own search machine to reach out and grab listings from wherever they appear online.  In order to help pay for the site, De Jager hopes to persuade the real estate industry to advertise with Dot-Homes.  According to De Jager, a new business model is just what the market needs.
http://realtytimes.com/rtpages/20080401_brodreport.htm
1 comment • Jude Sandvall, ABR, CNE, SFR 720-255-1021 • April 01 2008 10:01AM