Jude's Real Estate Rumblings

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More homeowners get help outside of federal program

More homeowners get help outside of federal program

More homeowners get help outside of federal program, as reported by USA Today, despite the attention given to the federal government’s $50 billion Home Affordable Modification Program (HAMP), a program to lower monthly mortgage payments for five years, the majority of financially distressed homeowners are getting alternative modifications through their lenders without any government involvement. Since its start in spring 2009, HAMP has produced only 389,198 permanent modifications through June. Recent reports by the government and private analysts show the modifications that servicers make on their own are growing compared with a year ago, and according to Hope Now, a consortium of counseling agencies, servicers and investors, more than 800,000 alternative modifications have been made so far in 2010 with borrowers.
http://www.usatoday.com/money/economy/housing/2010-07-23-mortgages23_CV_N.htm

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Real Estate Outlook: Federal Reserve Weighs In

Real Estate Outlook: Federal Reserve Weighs In

Real Estate Outlook: Federal Reserve Weighs In, as reported by Realty Times, the U.S. Congress asked Federal Reserve Board chairman Ben Bernanke a key question last week: Where do you and your colleagues believe we’re headed in terms of the national economy? Bernanke’s reply: There are bumps and potholes on the road to recovery, but the Fed “expects continued moderate (economic) growth, a gradual decline in the unemployment rate (to about 7 percent) and subdued inflation” over the next couple of years.
http://realtytimes.com/rtpages/20100726_realestateoutlook.htm

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Denver CO - Million-dollar home market shows some spark

Million-dollar home market shows some spark - The million-dollar home market is not on fire, but the vast majority of seven-figure homes selling from Boulder to Douglas counties, are not being unloaded at fire-sale prices.  Sellers appeared to have made a profit on the vast majority of the homes closed in May.  Million-dollar homes across the metro area sold for an average of 92.3% of the asking price.  The analysis found that the average sales price per square foot for all of the homes was $334.58.  See the full article for more stats:
http://insiderealestatenews.com/2010/07/million-dollar-home-market-shows-some-spar/

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30-Year Fixed Rate Mortgage Drops Slightly to Create Another New Low

30-Year Fixed Rate Mortgage Drops Slightly to Create Another New Low - The 30-year fixed-rate mortgage averaged 4.57% with an average 0.7 point for the week ending July 8, 2010, according to Freddie Mac's Primary Mortgage Market Survey.  Last week, it averaged 4.58%, and a year ago it averaged 5.20%.  "With mortgage rates falling to historic lows, refinance activity has been strong over the past three months," said Frank Nothaft, Freddie Mac vice president and chief economist. "The Bureau of Economic Analysis reported that the effective mortgage rate of all loans outstanding was just below six percent in the first quarter of 2010, the lowest since the series began in 1977."  Read full article:
http://realtytimes.com/rtpages/20100709_rates.htm

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Unbelievable Deal! 10 rounds at Racoon Creek Golf Course in Littleton CO and 10 lessons for $159!

Raccoon Creek Golf Course
Golf Package: Ten 18-Hole Green Fees and Ten One-Hour Group Clinics with a PGA Pro
$ 159 buy now

Today's deal is our equivalent of a hole-in-one on a par-5 with a 3-iron during a tornado. That is to say, it's practically impossible. But that term "impossible" didn't stop us, just as it didn't stop Tiger Woods... on the golf course in the past decade, that is. Conquer the dream and your swing in Littleton at the Raccoon Creek Golf Course, which is offering ten one-hour group clinics with a PGA pro, plus ten green fees for the 18-hole course, all for $159 -- down from its regular rate of $1,000. That saves you $841, which could be considered your first endorsement, leading to a career in golf, putting you in the Masters -- which you'll win, becoming athlete of the year! We can dream, right?

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City of Aurora, CO urges residents to host block parties

 

City of Aurora, CO urges residents to host block parties


Neighborhood liaisons with the city are hoping to see more applications for block parties as summer kicks into gear.

 

About 25 block parties have been scheduled so far this year, many of which will be held over the Fourth of July weekend, said Margee Cannon, neighborhood liaison coordinator for the City of Aurora. Typically, about 50 of the community get-togethers are held each year at neighborhoods across the city, she said.

 

The parties, which require city approval, offer a "feeling of community and a quality of life," Cannon said.

 

"It provides a way for people to learn who their neighbors are," she said.

 

The city has streamlined the application process recently, allowing residents to apply online on the city's website at www.auroragov.org/e-services. City officials ask residents to apply about two weeks in advance of the party, Cannon said.

 

Neighborhood liaisons also provide informational kits for those who may be new to the process. A checklist is included in the packet, in addition to police and fire contacts.

 

"We've got tools to help them," she said. "Usually the first time is the most cumbersome, but as it becomes an annual event, people really start to look forward to them."

 

A local nonprofit organization, Neighborhood Resource Center of Colorado, provides $15 certificates to Safeway that help pay for the essentials of a block party, everything from plastic utensils and napkins to ice cream. The city also provides for blockades, though a $75 deposit is required, Cannon said.

 

Those interested in hosting a party are urged to go the city's website or call 303-739-7280.

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Aurora, CO KidSpree promises to be "A Mighty Kid Time" July 17 and 18

KidSpree promises to be "A Mighty Kid Time" July 17 and 18


It's sure to be "A Mighty Kid Time!" at this year's KidSpree festival from 10 a.m. to 5 p.m. July 17 and 18 at Bicentennial Park, 13655 E. Alameda Ave., in Aurora, CO. Admission is free.

The 15th annual festival's 2010 theme means plenty of activities related to superheroes. Visit with Batman, Robin and other favorite superheroes. Watch and learn how to do parkour with demonstrations and workshops by some pretty "super" humans. Make your own superhero cape, mask and wristbands. Get a souvenir picture of yourself as a superhero at KidSpree.

Other KidSpree activities include life-size board games like Kandy Lane, Hi Ho! Cherry-O and Aurora Fox Human Chess; a giant maze; MomsLikeMe.com's Toes in the Sand giant sandbox; and tons of art activities.

Entertainment will be provided by the award-winning national children's entertainer Dana and her giant "dog" Rowdy, the FunKinetic, Aurora Dance Arts and the Colorado Disc Dogs. On the Radio Disney KidStage, see dance ensembles, magic shows, karate demonstrations, the Aurora Symphony brass quartet, animal demonstrations and more.

Food and beverages are sold on site.

Parking is free at the Town Center at Aurora's southwest parking lot, with a free shuttle to the park.

For more information, visit www.auroragov.org/kidspree or call 303-326-8FUN (8386).

KidSpree is presented by the city of Aurora's Cultural Services Division, and sponsored by the Scientific & Cultural Facilities District, The Children's Hospital, State Farm, Your Neighborhood Toyota, Old Chicago, Rural/Metro Ambulance, K12 Colorado Virtual Academy, Radio Disney AM 1690, Mix 100, 92.5 The Wolf, the Aurora Sentinel, ColoradoKids.com and MomsLikeMe.com.

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