Author Archives: dwolta

Homes Prices & RENTS Rising Quickly in Denver

Posted on May 14, 2012 by dwolta

Trulia reported this week that in Denver our home asking prices have increased 6.3% from last April, good for 8th highest in the country. Our asking rents rose even more at 9.8% increase in the last 12 months, good for 7th fastest increase in the country. To read the whole story, please click on this link: http://pro.truliablog.com/industry-2/rising-home-prices-coming-to-a-market-near-you-2/?ecampaign=anews&eurl=pro.truliablog.com%2Findustry-2%2Frising-home-prices-coming-to-a-market-near-you-2%2F

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Buyers YOUR Ship is Sailing ….. away….bye, bye ….

Posted on March 22, 2012 by dwolta

Under $300-$350,000 for sure the market is heating up – good for sellers, bad for buyers.   The lack of homes for sale is starting a rally in our Denver Metro Area real estate market.  Values are being pushing up, and buyers are finding it harder to get an offer accepted  because anything close to a “good deal” is being snapped in a day or two, homes for sale are getting mulitlpe offers. Buyers if you are waiting for any reason other than you can not qualify right now, then you are missing the boat for sure.   No telling how much time… Read More »

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Reason #14 to Buy a Home in Denver NOW

Posted on February 20, 2012 by dwolta

 On Valentine’s Day CNNMoney ran a story of a survey of 1,000 single people and it found that over 33% of single women and 18% of men prefer to date a homeowner than a renter. Second, fewer than 5% of all singles would date someone who still lives in their parents’ home, for which Michael Corbett, a spokeman for Trulia said, “If you’re still living with your folks, you’re dead-on-arrival for dating.”   This is a fun, but very pointed, piece of info for our local real estate market, from my friend and premier loan officer Lonnie Glessner, Cell: 303-881-6374, Lonnie@EndingFinancialInsanity.com.   … Read More »

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Where’s my $2,000…..?

Posted on February 12, 2012 by dwolta

       On Feb. 9th the U.S. government announced a largest settlement with an industry since the tobacco industry settlement in 1998.  Folks who were homeowners between 1/1/08 and 12/31/11 and who lost their home to foreclosure during this period of time will be eligible for up to $2,000 from the U.S. government from this settlement with several of the largest banks:  Ally Financial (formerly GMAC), Bank of America, Citigroup, JPMorgan Chase, and Wells Fargo.     Colorado is supposed to get $73.3 million in funds to facilitate loan modifications for current home owners who are underwater.  You are supposed to be… Read More »

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Red Flags on Loans for Condos

Posted on February 8, 2012 by dwolta

I’ve posted on this topic before …. now come the evidence.  Currently only about 1/3 of the condo complexes in the Denver metro area are on the FHA approved list according to recent review.    Since most first time buyers use FHA loans to buy a condo, 2/3s of the condo complexes are not available for FHA buyer right now.   Who can buy in these complexes?  Cash buyers.   Generally cash buyers are investors. One of the reasons the 2/3s of the complexes are not FHA approved for buyer loans is because too many investors own units in the complexes.   So we now have… Read More »

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Denver Single Family Home Prices – Way Up and Way Down!

Posted on February 5, 2012 by dwolta

        Denver area real estate values and the market is a-changin’.   As far as single family home sales are concerned the news is good for sellers, and buyers you need to get off the fence and take action NOW.  Under $300,000 or so, it’s a seller’s market for Denver area single family homes.   That’s good news for sellers, in terms of getting a pretty quick sale IF you are at a realistic price.  But of course home values are nowhere near what they were 3 or 4 years ago, hence my caution that they must offered at a realistic current… Read More »

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YES! on Denver’s Solid Economy!!!

Posted on January 16, 2012 by dwolta

Everywhere I look I see signs and read things that tell us Denver is starting … maybe just with baby steps, but starting none the less … to get a handle on its economy which means the real estate market is most likely at a bottom. This means no more sitting on the fence buyers… you aren’t likely to get a much better “deal” for most types of homes, AND home loan interest rates went DOWN AGAIN! last week to more new lows.  It’s like stealing now!   Buyers, you can not miss this opportunity that you have right now.  You can’t lock in an really… Read More »

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Important Forebearance (Time out) Loan Info

Posted on January 13, 2012 by dwolta

Freddie Mac Announces Up to 12-Month Forbearance for Unemployed and Fannie Mae did the same this week also. Posted: 12 Jan 2012 09:37 AM PST Effective Feb. 1, Freddie Mac (and now Fannie Mae too) is giving mortgage servicers expanded authority to provide six months of forbearance (not making payments with prior approval) to unemployed mortgage holders without prior approval, and an additional six months (12 months total) with prior approval. This new policy essentially doubles the previously offered forbearance period. It’s important to note: This applies to FannieMae/Freddie Mac-owned or guaranteed loans only. There is ACTION required. The homeowner must contact the servicer… Read More »

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Denver is #1 for Real Estate Investing!!!

Posted on January 6, 2012 by dwolta

The stories keep coming about what a great market we have for investing in real estate.  Just a week ago, Greg Rand of Own America appeared on Fox TV and touted Denver as the #1 city in the U.S. for investing in real estate.  There were a multitude of reasons given such as, Denver is getting in-migration from all over the U.S.  Our average age is only 31 years.  Our foreclosure rate is now 1/2 of the national average. Our lifestyle was a huge factor for many relocating here with our low cost of living and year round out door… Read More »

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Fab SE Denver,Close2Lt.Rail,Updated!MoveIn…Tour

Posted on September 7, 2010 by dwolta

Great location and views that no other home in the area has.  This one is special and just waiting for personal touches —- under $285,000!

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