Homes And People

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Home values saw their smallest monthly increase since May 2012, up just 0.2 percent in January from December according to the latest Zillow Real Estate Market Reports. Year-over-year, U.S. home values rose 6.3 percent in January, down from peak gains of 7.1 percent in August 2013. This slowdown is in part due to the rise in inventory of for-sale homes across the country. The number of homes listed for sale on Zillow was up 11.1 percent annually in January, the fifth straight month of rising year-over-year inventory. Homebuyers Gaining Bargaining Power as Inventor y Increases

 If you're planning to shop for a home in the next few weeks, here's an early spring buying season come-on that just might save you some money if you qualify. Fannie Mae, the largest mortgage investor in the country, has a bulging portfolio of houses acquired through foreclosures nationwide. About 31,000 of these properties are listed on its HomePath (www.homepath.com) resale marketing site. To move them quickly out of inventory, Fannie temporarily is offering qualified owner-occupant purchasers — but not investors — cash incentives toward closing costs of 3.5% of the purchase price. But you have to submit your initial offer no later than March 31 and close by May 31. Fannie Mae offering cash incentives to some home buyers

Is this what causing the bubble in out market Real Estate Developers Partner Colorado Oil And-Gas

 I wrote five contracts last week and none of them got accepted. Multiple offers on every new listing. This is 1999 all over again. Metro Denver home buyers start 2014 with wallets open

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  As many of you know some of my real estate deals come from auctions including online auction, as well as county auctions and tax sales. In this case the house on 6096 S COVENTRY LANE, LITTLETON, CO 80123 in for sale on the website www.auction.com As with any home going through an auction there are no property disclosures, no real way of knowing the history of the home including if any the work was permitted with the proper authorities. In this case what I saw in this property is pretty bad including some natural and some man made decisions that caused this house to suffer some serious damage. The buyer of this house needs to be aware that the cost associated with bringing this home up to date will vary in my opining between 225K and 250K. At first look this home sounds as a good investment but crunching the numbers made me stop in my track.     Left side of garage: The concrete floor separated from the house: someone tried to caulk it i