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Jude Sandvall

Home Prices Drop at Slower Pace

Home Prices Drop at Slower Pace, an article from The Wall Street Journal, reports that Denver posted a 1.5% gain in home prices in April from the previous month, according to data from the S&P Case-Shiller home-price indexes. "While one month's data cannot determine if a turnaround has begun, it seems that some stabilization may be appearing in some of the regions," said David M. Blitzer, chairman of S&P's index committee.
http://online.wsj.com/article/SB124636417721572777.html

www.judesandvall.com

Apartment vacancies rise in Denver; rents remain flat

Apartment vacancies rise in Denver; rents remain flat, an article from The Denver Post, reports that apartment vacancy rates in metro Denver increased to 7.9% during Q4 2008., according to a report released Wednesday by the Apartment Association of Metro Denver. During the third quarter of 2008, the vacancy rate was 6.5%. More young people are electing to live with their parents or find roommates. Compared to the fourth quarter of 2007, average rents were up $28 to $888.22. Gaining in popularity are one-bedrooms and efficiencies.
http://www.denverpost.com/headlines/ci_11576970


Banks, lenders face Aurora rule

Banks, lenders face Aurora rule, an article from Rocky Mountain News, reports that a measure was passed yesterday in Aurora requiring banks and lenders to maintain foreclosed and abandoned properties. A yet-to-be-determined fee will be charges in cases where there is failure to comply with the city's property standards. Foreclosed and abandoned properties must now be placed on a monthly inspection list.
http://www.rockymountainnews.com/news/2009/jan/27/banks-lenders-face-aurora-rule/

Denver-area home values show strength

Denver-area home values show strength, an article from Rocky Mountain News, reports that the Denver-area housing market outperformed all but one market in the 12 months ended in November. According to a national housing report released Tuesday, Denver-area homes lost only 1.1%. This makes Denver the best performing city in the S&P/Case-Shiller Home Price Indices. In the 12 months ended in November, home prices in Denver fell by only 4.3% - only Dallas fared better than Denver.
http://www.rockymountainnews.com/news/2009/jan/27/denver-area-home-values-show-strength/

www.judesandvall.com

High-end homes up for auction

High-end homes up for auction, an article from Rocky Mountain News, reports that seven Stapleton homes are being offered for sale online through March 5. These homes were originally priced at more than $1 million each. Four of the homes are in the Denver Brownstone development and three are in Urban Estates Homes - none have ever been occupied. For years, Stapleton has been one of the hottest housing markets in metro Denver. "We support any efforts any of our home builders need to do in this market," said Tom Gleason, spokesman for Forest City.
http://www.rockymountainnews.com/news/2009/jan/20/high-end-homes-up-for-auction/

www.judesandvall.com