Where Homes Are Selling the Fastest

The average number of days homes are spending on the market has dropped by nearly 10 percent nationwide in the last year, according to June housing data from REALTOR.com. The average U.S. home now spends 84 days on the market.

But in some housing markets, homes are selling even faster, spending an average of 45 days or less on the market before they sell. What’s more, many of these housing markets are having not only some of the speediest home sales but also some of the largest increases in median home prices compared to a year ago.

Denver was second with Median days on the market: 33

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Home values rise in Denver metro area

Home values in the Denver metro area have increased 3.5% from a year ago and will go up 1.6% in the next 12 months, Zillow predicted Tuesday in its report on housing in the second quarter of 2012. The median home values in Denver gained 2.3% in the second quarter of 2012 from the year’s first quarter to $211,300 in June.

Reblog from NAT News Thanks to DESIREE BANKA North American Title Company Cell: 303.521.5966 dbanka@nat.com

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Kiplinger’s says Denver among best for young adults

Denver is the 5th best place in the U.S. for young adults to live, according to Kiplinger. An “outdoors-y culture” and 300 days of sunshine aren’t the only things that make the Mile High City invigorating to young adults. “It also has a sunny employment outlook, thanks to hiring in construction, retail and hospitality, and affordable apartments,” Kiplinger’s said.

Reblog from NAT News Thanks to DESIREE BANKA North American Title Company Cell: 303.521.5966 dbanka@nat.com

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Apartment rents in metro Denver rose 7.1 percent during quarter

The average rent for apartments in metro Denver rose 7.1% from the second quarter of last year to the same period this year. It was the highest growth rate reported during any quarter since the third quarter of 2011, when average rent grew 8.5%. During the second quarter of this year, the average rent in metro Denver rose $65 to $979 from last year’s second-quarter average rent of $915. “You have to go back to the days of the dot-com boom to see lower vacancy rates than what we’re seeing right now,” said Ryan McMaken, spokesman for the Colorado Division of Housing.

Reblog from NAT News Thanks to DESIREE BANKA North American Title Company Cell: 303.521.5966 dbanka@nat.com

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A New Most Stupid Solution for Foreclosures

A new MOST STUPID “solution” for foreclosures comes from the lovely nearly bankrupt state of California that is run by a horde of irresponsible 2 year olds (my apologies to 2 year olds everywhere). California wants to use eminent domain authority to wipe out mortgage debt for homeowners, but the homeowners get to keep their home with greatly reduced mortgage debt. It’s amazingly stupendous stupid ideas like this that make my head explode! Not to mention why mortgage underwriting is only going to get much tougher!

http://tbwsdailyshow.com/2012/07/09/a-new-stupid-solution-to-foreclosures/?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+TheTbwsDailyShow+%28The+TBWS+Daily+Show%29

From Lonnie Glessner, America’s Mortgage LLC * Office: 303-993-2367 * Cell: 303-881-6374 * Lonnie@EndingFinancialInsanity.com

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Record Low Mortgage Rates Helping To Stir The Housing Market

In Freddie Mac’s results of its Primary Mortgage Market Survey®, the average 30-year and 15-year fixed-rate mortgage hitting new all-time record lows. 30-year fixed-rate mortgage (FRM) averaged 3.53% with an average 0.7 point for the week ending July 19, 2012, down from last week when it averaged 3.56%. 15-year FRM this week averaged 2.83% with an average 0.6 point, down from last week when it averaged 2.86 percent.

Reblog from NAT News Thanks to DESIREE BANKA North American Title Company Cell: 303.521.5966 dbanka@nat.com

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Denver luxury home market hot in June

Denver’s luxury home market for June was a lot like the record-setting temperatures: hot.

There were 63 homes and condos with a price tag of more than $1 million that sold in metro Denver in June, a significant 37 percent increase over June 2011, according to Kentwood Real Estate’s most recent report based on Multiple Listing Service data.

“It’s been amazing,” said Edie Marks, broker associate for Kentwood. “Not only are we selling properties, we’re … Continue Reading

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Rents rocket 10.9% in Denver over last year

The average asking price for rental housing in the Denver area was up 10.9 percent in June from a year earlier, the third-biggest gain among large U.S. markets in that period and twice the nationwide increase, according to a report Tuesday from Trulia Inc.

Denver’s rent increases over the 12-month period were exceeded only by …

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