Click here to signup and receive daily news articles by email.

American Realty Advisors Acquires ALARA(R) Greenwood Village in Denver, Colorado: (10/14/2008)
GLENDALE, CA, Oct 14, 2008 (MARKET WIRE via COMTEX) -- American Realty Advisors announced today the acquisition of ALARA(R) Greenwood Village, a 304-unit multi-family community located within the Denver Technological Center ("DTC") in Colorado. The DTC is a 909-acre business park located at the junction of two major freeways, I-25 and I-225, and is only 10 miles south of downtown. The DTC serves as the gateway to Denver's southeast business corridor, the largest concentration of office space in Colorado and therefore is a major source of employment.
Go to article

Local employers to get free training: (10/14/2008)
The workshop will cover all aspects of planning, conducting and documenting workplace harassment and discrimination complaints and investigations.

Erica Gagne, owner of 4 Point Training Solutions in Fort Collins, will provide the training. Gagne was previously a Fair Housing and Employment investigator for the Massachusetts Commission Against Discrimination and the Colorado Civil Rights Division as well as the division's outreach
Go to article

Mineral-rich states prosper as others struggle: (10/14/2008)
Colorado expects to take in 84 percent more in energy-extraction taxes this year than last, but faces a $99.4 million shortfall due to lower income and sales tax collections, according to Carol Hedges, senior policy analyst with the Colorado Fiscal Policy Institute.

Nor does isolation from the housing bubble guarantee fiscal fitness. Kansas has rising home prices and low foreclosure rates, but its first-quarter revenues are $19 million below projections
Go to article

One in 25 state homeowners could default, report says: (10/14/2008)
Also, the Pew analysis looked at owner-occupied homes in each state, while other reports, such as RealtyTrac, spreads the number of foreclosures among all homes, including rentals, so the percentage of homes in foreclosures may be higher.

"The number is within the realm of possibility," said Ryan McMaken, spokesman for the Colorado Division of Housing.

Based on the Pew's numbers, the decline in value in Colorado works out to $2,507 per household, he notes. By contrast, the loss in value per household in California is $15,093, $11,257 in Nevada, $7,179 in Florida and $5,703 in Arizona.
Go to article

Roubini Sees Worst Recession in 40 Years, Rally's End: (10/14/2008)
Oct. 14 (Bloomberg) -- Nouriel Roubini, the professor who predicted the financial crisis in 2006, said the U.S. will suffer its worst recession in 40 years, causing the rally in the stock market to ``sputter.''

``There are significant downside risks still to the market and the economy,'' Roubini, 50, a New York University professor of economics, said in an interview with Bloomberg Television. ``We're going to be surprised by the severity of the recession and the severity of the financial losses.''
Go to article

Affordable housing project grinds to halt: (10/10/2008)
According to a written statement provided by Ironbridge Homes, LB Rose Ranch failed to make a payment to Ironbridge Homes for the ongoing work on the affordable project last week, a week after the Lehman Brothers Bankruptcy was filed.
Go to article (Glenwood Springs Post Independent).

Colorado Springs Region home sales rose in September: (10/10/2008)
Single-family home sales in September rose 5.6 percent when compared with the same month last year, according to figures released Thursday by the Pikes Peak Association of Realtors. It was the first year-over-year gain in home sales since May 2006...The median price of homes sold in September, however, fell to $200,000, a 4.8 percent drop when compared with the same month last year
Go to article (Colorado Springs Gazette).

Credit chill ices CHFA: (10/10/2008)
The Colorado Housing and Finance Authority has become an important source of loans for first-time homebuyers in the state, especially since other funding sources have dried up. But the authority, an important lending safety net, has itself become tangled in the credit crunch.
Go to article (Denver Post).

Foreclosure workouts not working, AGs tell banks: (10/10/2008)
On Wednesday...the State Foreclosure Prevention Working Group...issued a letter to 16 mortgage lending companies urging them to follow the loan modification model put forth in the multi-state settlement with Countrywide Mortgage Corp., announced on Monday.
Go to article (Legal Newsline).

Garfield County has $8M with Fannie, Freddie: (10/10/2008)
Garfield County can't withdraw about $8 million invested in troubled mortgage finance giants Fannie Mae and Freddie Mac. But that represents only a small portion of the county's funds, and it should be available soon.
Go to article (Glenwood Springs Post Independent).

City to get $4.47 million to buy foreclosures: (10/9/2008)
Aurora is set to receive $4.47 million in federal funds to help stem the tide of foreclosures in the city. The money will be used to buy foreclosed homes, renovate them and then sell them, primarily to first-time home buyers, said Paul Andrus, community development planner with the city of Aurora.
Go to article (YourHub.com).

Jobless claims fall from 7-year high: (10/9/2008)
First-time filings for unemployment insurance decline, but remain higher than expected.
Go to article (CNNMoney.com).

McCain Reshuffles Rescue Deal : (10/9/2008)
The proposal, which Sen. McCain announced during Tuesday night's presidential debate with Sen. Barack Obama, also could make winners out of investors -- including predatory mortgage lenders -- that the Bush administration and Congress have tried to exclude from the government's largesse. And it raises knotty administrative questions about how the government would handle potentially huge numbers of mortgage refinancings.
Go to article (Wall Street Journal).

Crisis puts state's growth rate at risk: (10/8/2008)
The broad economic concerns have prompted Denver officials to recalculate their forecasts for everything from revenue to occupancy rates, said Andre Pettigrew, director of the city's Office of Economic Development.
Go to article (Rocky Mountain News).

Fewer homes on market, but sales up : (10/8/2008)
The number of unsold homes on the market in September dropped to the lowest level since December 2005 and the number of homes placed under contract jumped almost 22 percent from September 2007, the best September for sales in three years. The average and median sale prices of homes, meanwhile, have fallen back to 2002 levels.
Go to article (Rocky Mountain News).

Housing Pain Gauge: Nearly 1 in 6 Owners 'Under Water' : (10/8/2008)
About 75.5 million U.S. households own the homes they live in. After a housing slump that has pushed values down 30% in some areas, roughly 12 million households, or 16%, owe more than their homes are worth, according to Moody's Economy.com.
Go to article (Wall Street Journal).

Metro-area foreclosures decline : (10/8/2008)
Denver-area foreclosure filings plunged by 24.5 percent in the third quarter from the same period in 2007, but the decrease does not signal that the metro region is off its record foreclosure pace. Rather, the lull reflects the impact of a new state law, House Bill 1402, that reduced foreclosure filings to a crawl in August.
Go to article (Rocky Mountain News).

Pending home sales show surprise rise: (10/8/2008)
The National Association of Realtors says pending home rose 7.4% from July to August, an unexpected piece of positive news for the battered U.S. housing market.
Go to article (CNN Money).

Poor are not to blame: (10/8/2008)
From the beginning, subprime has been a symptom, not a cause. And the notion that the Community Reinvestment Act is somehow responsible for poor lending decisions is absurd.
Go to article (Newsweek).

States Call for Adoption of Mortgage-Loan Help : (10/8/2008)
Attorneys general and banking regulators from 11 states are calling on the nation's largest subprime-mortgage-servicing companies to follow Bank of America Corp.'s lead and embark on a broad-based loan-modification program.
Go to article (Wall Street Journal).

Study: Housing costs soar as pay lags: (10/8/2008)
Overall, yearly housing costs rose by an average of $5,314, or nearly 65 percent, between 1996 and 2006, according to the report released Wednesday by the Center for Housing Policy.
Go to article (MSNBC.com).

LIHTC Awards Made: (10/7/2008)
In Colorado, 19 developments have applied for LIHTCs during the third and final allocation round of 2008. The cumulative tax credit allocation request was $16.2 million, with the average request at $854,852, according to the Colorado Housing and Finance Authority (CHFA). The requests exceed the available tax credits by a ratio of 5 to 1.

CHFA reserved more than $6.3 million in LIHTCs to 10 developments in the first two rounds.
Go to article (HousingFinance.com).

Lower prices lead to more home sales: (10/7/2008)
Lower prices helped drive higher sales of metro Denver resale homes in September compared to the same month of 2007, according to Metrolist Inc. data released Tuesday.
Go to article (Denver Business Journal).

New Foreclosure Rate Paints Grim Picture In County: (10/7/2008)
According to the El Paso County Public Trustee, there are around 3,400 foreclosed homes countywide. That's only around 100 homes short of last year's record setting number of 3,500. The public trustee says his office files an average of 400 foreclosures every month, with already 66 filed in the first six days of October.
Go to article (KRDO.com).

Timeline: Global credit crunch : (10/7/2008)
Defined as "a severe shortage of money or credit", the start of the phenomenon has been pinpointed as 9 August 2007 when bad news from French bank BNP Paribas triggered sharp rise in the cost of credit, and made the financial world realise how serious the situation was. The problems, however, started much earlier...
Go to article (BBC News).

Bank of America settles suits over bad mortgages: (10/6/2008)
Facing a lawsuit over deceptive mortgage practices, Bank of America Corp. is agreeing to pay more than $8 billion to modify hundreds of thousands of loans to keep people from losing their homes.
Go to article (9NEWS.com).

Foreclosures filed in La Plata County highest since 1989: (10/6/2008)
Key indicators of the local housing market show foreclosures in La Plata County have reached an 18-year high while residential building permits in Durango are down 73 percent compared to a year ago.
Go to article (Durango Herald).

House passes bailout bill: (10/3/2008)
A Wall Street bailout bill passed earlier this week in the Senate was approved today in the House by a vote of 263-171 and now moves to the White House.

Colorado House members did not change their positions from a similar vote Monday.
Go to article (The Denver Post).

Construction in August flat: (10/2/2008)
The Commerce Department on Wednesday said construction activity was flat in August, a better-than-expected outcome than the 0.5 percent fall that economists expected.

The big surprise was a 0.3 percent rise in residential activity, the first increase in housing activity since March 2007.
Go to article (Rocky Mountain News).

HUD Rolls Out Mortgage Assistance: (10/2/2008)
The U.S. Department of Housing and Urban Development on Wednesday touted the availability of lawmakers' latest attempt to stanch the nation's foreclosure crisis, called the Hope for Homeowners program. Authorized by the Economic and Housing Recovery Act of 2008, the HFH program is designed to provide a refinancing option for troubled borrowers that cannot afford the terms of their original loan.
Go to article (HousingWire.com).

Northern Colorado will remain in regional slowdown for another year: (10/2/2008)
Uncertainty in the financial and credit markets, new home starts on track to a 16-year low and inflation worries will continue to take a regional toll next year, economist Martin Shields said during the 2009 Northern Economic Outlook today at the Fort Collins Marriott.
Go to article (The Fort Collins Coloradoan).

Senate passes bailout: (10/2/2008)
The Senate on Wednesday night passed a sweeping and controversial financial bailout similar in key ways to one rejected by the House just two days earlier.
Go to article (CNN.com).

Single-family building permits drop nearly 18% from last September: (10/2/2008)
Single-family building permits in Colorado Springs and El Paso County totaled 97 in September, a nearly 18 percent drop from the same month last year, according to a report released Wednesday by the Pikes Peak Regional Building Department.
Go to article (Colorado Springs Gazette).

Colorado gets $53 million to redevelop homes: (10/1/2008)
Colorado is receiving $53 million to buy and redevelop foreclosed and abandoned homes, under the federal National Stabilization Program that begins today and ends Sept. 30, 2011.
Go to article (The Rocky Mountain News).

Foreclosures and the economy: (10/1/2008)
"We have got to find a way to stabilize the real estate market and the value of real estate," said Colorado Division of Housing director Kathi Williams, who has pushed lenders to negotiate new loans with troubled homeowners in the state.
Go to article (The Denver Post).

More money to buy homes?: (10/1/2008)
EAGLE COUNTY - Despite uncertain economic times, the county may beef up its down-payment assistance program.
Go to article (Vail Daily News).

Denver home prices up for third month: (9/30/2008)
Home prices in Denver rose in July for the third consecutive month, according to the closely watched S$P/Case-Shiller Home Price Indices.
Go to article (Denver Business Journal).

Housing program targets teachers : (9/30/2008)
A new cooperation between First Tracks at Wildhorse Meadows and the Steamboat Springs School District is attempting to create housing opportunities for school staff and increase teacher retention rates.
Go to article (The Rocky Mountain News).

Preserve American dream of owning a home: (9/30/2008)
It's worrisome that on the heels of 1.5 million American families who faced foreclosure on their homes last year are another 2.5 million struggling similarly this year.
Go to article (The Fort Collins Coloradoan).

Report: Foreclosure rescue efforts fall short: (9/30/2008)
The State Foreclosure Prevention Working Group report found that for the period February through May that nearly 80 percent of seriously delinquent homeowners are not on track for any loan work-out or loss mitigation assistance to help them avoid foreclosure.
Go to article (Legal Newsline).

US home prices plunge record 16.3 pct in July: (9/30/2008)
Prices of U.S. single-family homes plunged a record 16.3 percent in July from a year earlier, extending declines that have plagued the housing market for two years, according to the Standard & Poor's/Case-Shiller Home Price Indexes.
Go to article (Reuters.com).

Betting on Modular: (9/26/2008)
Tom Townsend is betting that modular homes will prove popular in Southwest Colorado, even amid a slowdown in building. Townsend, a Durango resident, founded Systems Built Construction, LLC, in February, and was certified by the Colorado Division of Housing in April.
Go to article (The Durango Herald).

Government seizes WaMu, sells some assets: (9/26/2008)
The downfall of Washington Mututal has been widely anticipated for some time because of the company¿s heavy mortgage-related losses. As investors grew nervous about the bank's health, its stock price plummeted 95 percent from a 52-week high of $36.47 to its close of $1.69 Thursday.
Go to article (MSNBC.com).

HUD grants $53M to Colorado: (9/26/2008)
Colorado was granted $34,013,566, and HUD listed its local foreclosure rate as 3.9 percent and rated the local abandonment risk as "medium."

In addition, HUD granted $4,600,211 to Adams County, and listed the local foreclosure rate at 6.8 percent and the local abandonment rate as high; $4,474,097 to Aurora (8.0 percent, high); $3,904,989 to Colorado Springs (5.5 percent, high); and $6,060,170 to Denver (5.5 percent, high).
Go to article (Denver Business Journal).

Springs '06 growth was the weakest of state's 7 metro areas: (9/26/2008)
Economic growth in the Colorado Springs area slowed in 2006 to the weakest among Colorado's seven metropolitan areas amid a slowdown in the local housing market and manufacturing and information technology industries, according to figures released Thursday by the U.S. Bureau of Economic Analysis.
Go to article (Colorado Aprings Gazette).

U.S. credit enters a lockdown: (9/26/2008)
"Loans are basically frozen due to the credit crisis," said Vicki Sanger, who is now leaning on personal credit cards bearing double-digit interest rates to finance the building of roads and sidewalks for her residential real estate development in Fruita, Colorado. "The banks just are not lending."
Go to article (International Herald Tribune).

Colorado analyzes affordable rental housing; vacancy rate low in Denver: (9/25/2008)
Denver County had one of Colorado¿s lowest vacancy rates, at 3.4 percent, for affordable rental housing in the second quarter, according to a report released Thursday by the Colorado Division of Housing.
Go to article (The Denver Business Journal).

Rental home vacancy rate rises to 4.2%: (9/25/2008)
Vacancies in rental homes and other small properties in the Denver area rose slightly to 4.2 percent in the second quarter from 4 percent a year earlier, ending seven consecutive quarters of falling vacancies, according to a report released Tuesday by the Colorado Division of Housing.
Go to article (The Rocky Mountain News).

Rental housing vacancies rise in Q2: (9/25/2008)
"The soft for-sale market is still driving many owners to rent their properties, which they might have preferred to just sell," Kathi Williams, housing division director, said in a statement.
Go to article (The Denver Business Journal).

After the Financial Crisis, a Clean-Up That Changes Everything: (9/22/2008)
...if the administration's $700 billion Wall Street bailout plan is approved by Congress, the United States will see changes to its political economy that were unimaginable a week ago.
Go to article (Time.com).

Annual Coldwell Banker Home Price Comparison Index Finds $1.7 Million Difference between Nation's Mo: (9/22/2008)
Although both are waterfront cities, something besides the salt water separates La Jolla, Calif. on the Pacific Ocean from Sioux City, Iowa on the Missouri River - a $1.7 million dollar difference in the cost of homes studied in the 2008 Coldwell Banker® Home Price Comparison Index (HPCI).
Go to article (Boston Real Estate News).

Bush team, Congress negotiate $700B bailout: (9/22/2008)
The Bush administration asked Congress on Saturday for the power to buy $700 billion in toxic assets clogging the financial system and threatening the economy...
Go to article (TMCNet).

How water shortages could reshape the Front Range by 2058 : (9/22/2008)
In 50 years, housing developments will be packed tight, water prices will be sky high and cities such as Denver, Fort Collins and Colorado Springs will share their expensive water systems instead of insisting that everything remain separate, as they do today.
Go to article (The Rocky Mountain News).

Last major investment banks change status: (9/22/2008)
The Fed announced late Sunday evening that it had approved the request, which will allow Goldman and Morgan Stanley to create commercial banks that can take deposits, bolstering the resources of both institutions.
Go to article (The Denver Post).

Rifle housing lottery yields no buyers: (9/22/2008)
"We didn¿t have the (Sept. 8) lottery because there were no qualified buyers," said Geneva Powell, executive director of the Garfield County Housing Authority, which oversees the Workforce Housing lottery program.
Go to article (Glenwood Springs Post Independent).

Salida City Council Approves Application for CDBG Funds: (9/22/2008)
Members approved the city staff to act as a conduit for Chaffee Housing Trust to apply for a Colorado Division of Housing Community Block Grant to assist with the Crestone Heights Affordable Housing Project. The grant request is $12,000 per unit.
Go to article (The Mountain Mail).

Study shows effect of loan crisis on 50-plus crowd: (9/22/2008)
Research by AARP's Public Policy Institute showed that 684,000 homeowners age 50 and over were either in foreclosure or delinquent on mortgage payments in the last six months of 2007. Homeowners age 50 and over represented about 28 percent of all delinquencies and foreclosures.
Go to article (Forbes.com).

National foreclosure filings increase, but at slower rate: (9/12/2008)
Foreclosure filings in August increased 27 percent compared to the same month a year ago, a significantly slower pace than in previous months, according to data released Thursday.
Go to article (Associated Press).

Basalt mayor fears town will kill housing project: (9/11/2008)
The mayor of Basalt fears that what he says is a much-needed affordable housing project won't get built because the Town Council is piling so many regulations onto the developer.
Go to article (Glenwood Springs Post Independent).

Boost for first-time homebuyers: (9/11/2008)
Residents looking to buy their first home could get a boost after Mesa County agreed to allocate nearly $3.6 million in bonds to the Colorado Housing and Finance Authority to finance affordable home mortgages for low- and middle-income homebuyers.
Go to article (Grand Junction Sentinel).

Cooperation urged on land prices: (9/11/2008)
With the median price of a home in Mesa County nearly doubling in the past seven years and apartment rents jumping close to 50 percent in the past four years, housing experts Wednesday emphasized that public and private agencies have to work together to keep land costs down so more affordable housing can be built.
Go to article (Grand Junction Sentinel).

Greeley/Weld County ranked 20th in nation for creating and sustaining jobs : (9/11/2008)
The Milken Institute Best Performing Cities Report ranked the Greeley metropolitan statistical area 20th in the nation in creating and sustaining jobs in 2007 -- a jump of nine spots from the previous year's report. The Greeley metropolitan area covers about 244,000 residents in much of Weld County.
Go to article (The Greeley Tribune).

Groups join forces to cure area housing woes: (9/11/2008)
Eighteen local agencies that have banded together to cure housing woes in the Grand Valley are hoping to have a plan for that cure by the end of the year.

Go to article (Grand Junction Free Press).

Income limits for Glenwood Springs housing lottery could increase: (9/11/2008)
Low maximum income limits of $37,250 for a single person, and $53,200 for a family of four, which is 80 percent of the Garfield County median household income and the $230,000 price for these homes have had some questioning just how affordable these houses are, and if the program works.
Go to article (Glenwood Springs Post Independent).

Boulder home prices rank high: (9/10/2008)
So says an annual Coldwell Banker survey, which compared prices of the average 2,200-square-foot, four-bedroom, two-and-a-half bath, two-car garage home in 315 U.S. housing markets. In Boulder, such a home would run about $645,000, the survey said. In Colorado Springs, the same home would cost about $198,500.
Go to article (Boulder County Business Report).

Colorado Springs mortgage rates drop: (9/10/2008)
Rates dropped Monday by between one-fourth and one-eighth of a percentage point to about 6 percent on conventional (standard) mortgages and to between 5-3/4 percent and 5-7/8 percent on loans backed by the Federal Housing Administration or the U.S. Department of Veterans Affairs.
Go to article (Colorado Springs Gazette).

Fewer homes on Denver market: (9/10/2008)
Declining housing inventory could signal an improving market, according to real-estate experts.
The number of homes on the metro-Denver market in August was 24,648, down 4 percent from July and 20 percent from August 2007, according to data released Tuesday.
Go to article (The Denver Post).

Public invited to provide feedback on Boulder's affordable housing: (9/10/2008)
The city of Boulder's Department of Housing and Human Services is inviting the public to review and provide input on the city's affordable housing goals and priorities at a meeting scheduled for 10 a.m. Saturday.
Go to article (The Daily Camera).

Questions remain in takeover: (9/10/2008)
"Nobody really knows what is in the long term," said Dennis Edson, chairman of UniFirst Mortgage in Grand Junction. "There are two thoughts: If the treasury has to put money into Freddie and Fannie, that's inflationary and, under that scenario, would increase interest rates. However, they can also add stability to the market, which is what theyâ¿¿re doing right now."
Go to article (The Grand Junction Sentinel).

Buyers, owners see bailout's silver lining: (9/9/2008)
Roy Alexander, head of the Colorado Housing and Finance Authority, which primarily provides loans to lenders for low- and moderate-income first-time home buyers, said..."This injection of capital by the Treasury avoids the worst-case scenario, at least temporarily. The stability should result in keeping rates down. The alternative would be not to step in and run the risk of rates getting away from us."
Go to article (The Rocky Mountain News).

Developer wants Edwards open space lifted: (9/9/2008)
Developers also planned build 36 affordable homes on "Tract K," a piece of land behind the Edwards Post Office and ambulance station.

Community plans and the original plot notes on the land designate it as open space, while the land for affordable housing is restricted to use for fire station access and drainage, said County Planning Manager Bob Narracci.
Go to article (Vail Daily).

Fannie, Freddie and You: What It Means to the Public : (9/9/2008)
In order to provide capital to banks that lend money to aspiring homeowners, Fannie and Freddie need to be able to sell the mortgages, packaged as securities, to investors around the world once the two companies have bought the loans from the banks. All this worked fine until foreign investors got nervous about the housing market and the uncertainty over how a theoretical federal takeover might affect their holdings. When concerns emerged about the viability of Fannie and Freddie, the government thought it had no choice but to step in and take over.
Go to article (The New York Times).

Federal Bailout Gives Hope To Those Facing Foreclosure: (9/9/2008)
John Carson, regional director of the US Department of Housing and Urban Development said..."What this means for Colorado homeowners is that we can keep mortgage interest rates low, and that will help everybody in the system, including folks that are trying to refinance into mortgages that they can¿t afford into mortgages that they can afford."
Go to article (THe Denver Channel.com).

Fix for affordable apts. in Avon: (9/9/2008)
Eagle County's only low-income, federal housing project will be improved extensively, but that mean anything from a major facelift to a high-density expansion.
Go to article (Vail Daily).

Housing Authority Set to Address Affordable Housing Needs: (9/9/2008)
Start-up funding will come from a $12,000 grant from the Colorado Department of Local Affairs and 3,000 in matching funds from each of the three governments.
Go to article (The Telluride Watch).

How low will housing prices go?: (9/9/2008)
Average home sale prices have dropped almost 8 percent in the Greeley/Evans areas from July 2007 to 2008; since 2005, average prices have dropped about 13 percent, according to numbers from Information Real Estate Services. According to a report released Thursday by Global Insight, a national economic analysis company, housing prices nationwide are down 4.8 percent for the second quarter of the year.
Go to article (Greeley Tribune).

Mortgage Giant Overstated the Size of Its Capital Base : (9/9/2008)
The government's planned takeover of Fannie Mae and Freddie Mac...came together hurriedly after advisers poring over the companies' books for the Treasury Department concluded that Freddie's accounting methods had overstated its capital cushion, according to regulatory officials briefed on the matter.
Go to article (The New York Times).

Nation's Most Expensive and Affordable Housing Markets: (9/9/2008)
Differing from most housing reports which compare median prices, the annual Coldwell Banker HPCI, which first launched in the late 1980s, provides an apples-to-apple comparison of similar 2,200 square foot, four-bedroom, two-and-a-half bath homes in 315 markets across the United States...
Go to article (MarketWatch.com).

U.S. Seizes Mortgage Giants: (9/9/2008)
In its most dramatic market intervention in years, the U.S. government seized two of the nation's largest financial companies, taking direct responsibility for firms that provide funding for around three-quarters of new home mortgages.
Go to article (Wall Street Journal).

Corporate Relocations Hindered By Slumping Housing Market: (9/5/2008)
More than 70% of respondents to a Worldwide ERC study released in August pointed to "slowed real estate appreciation/depressed housing market at the old location" as the reason their employees are averse to moving. This is up dramatically from last year, when only 16% of respondents mentioned it as a reason for reluctance to relocate.
Go to article (Investor's Business Daily).

Jobless claims jump, productivity soars: (9/5/2008)
The Labor Department reported that new applications for unemployment insurance rose to a seasonally adjusted 444,000, up 15,000 from the previous week. Economists had expected claims to drop to 420,000.
Go to article (9News.com).

Record 1.2 million homes hit by foreclosure: (9/5/2008)
A record 1.249 million homes were in foreclosure during the second quarter of 2008, according to a report released Friday by the Mortgage Bankers Association.
Go to article (CNN.com).

Rents on rise in Mesa Co, no end in sight: (9/5/2008)
With the shortage of apartment complexes in Mesa County, rents continue to rise every year and that's putting a strain on some residents in the Grand Valley.
Go to article (KJCT8.com).

Area home prices dip 9.4%, but some say report flawed : (9/4/2008)
The price of homes in the Denver area fell 9.4 percent in June from June 2007, according to a report from a New York firm that tracks the 25 largest housing markets in the U.S.
Go to article (The Rocky Mountain News).

Beige Book: Economy, Spending Slow As Inflationary Pressures Continue : (9/4/2008)
The Fed's "beige book," a survey of economic conditions from the 12 regional Fed banks released every six weeks, shows economic activity weakened across most of the country since late July.
Go to article (Wall Street Journal Online).

Garfield County's boom luring workers from Eagle County: (9/4/2008)
An offshoot of the booming economy is soaring housing costs and a generally high cost of living. Even though Garfield County's average wage is up, it isn't keeping pace with soaring housing costs.
Go to article (Vail Daily News).

Home-Price Bottom May Still Be a Year Away: (9/4/2008)
Economists at Credit Suisse looked at the different indexes compared to several metrics and see equilibrium being achieved in 12 to 18 months.
Go to article (Wall Street Journal online).

New Garfield County housing regulations not "a taking" of property rights: (9/4/2008)
The Garfield County Attorney, in a memo county commissioners voted to release on Tuesday, wrote that the county's new temporary housing regulations do not constitute "a taking" of one's property rights.
Go to article (Glenwood Springs Post Independent).

The Homeless Czar weighs in on Fort Collins' homeless initiatives: (9/3/2008)
Mangano's abolitionist metanarrative has been effective, resulting in nationwide reductions in homelessness. In practical application, it revolves around the numbers-driven premise that it costs more in shelter and medical costs to allow a homeless person to drift in and out of social services as opposed to setting them up in permanent housing and bringing medical resources to them.
Go to article (Fort Collins Now).

A fee-based foreclosure fight: (9/2/2008)
...the measure would address an aesthetic symptom of the larger housing crisis, keeping local neighborhoods presentable by holding the lenders accountable for the appearance of the property.

Go to article (The Aurora Sentinel).

Boulder mobile home park will stay: (9/2/2008)
The mobile homes at a northeast Boulder park won¿t be replaced with houses and condos, but questions remain about Orchard Grove¿s future.
Go to article (Boulder Daily Camera).

Future of trailer park at stake: (9/2/2008)
Fiore and his partners want to close the Roaring Fork Mobile Home Park, provide replacement housing for the residents on property they own by Basalt High School, dedicate half of the trailer park as open space and develop the remainder with a mix of commercial and residential develop.

Go to article (The Aspen Times).

How sales affect assessed property values: (9/2/2008)
The market value of a property should be similar to the sale price; however there are a variety of situations when the market value will differ from the reported price...Another example of when a sale price differs from market value is when "distressed" properties are sold or transferred. Sales to avoid foreclosure, re-sales of repossessed property, sales involving divorces, bankruptcies, and some estates generally do not meet the definition of market sales and are not used for analysis.
Go to article (Denver Post/YourHub.com).

U.S. manufacturing shrinks in August : (9/2/2008)
The U.S. manufacturing sector shrank in August for the first time in three months, although the overall economy grew for the 82nd consecutive month, according to the Institute for Supply Management's latest member survey.
Go to article (Providence Business News).