|
|
March 5, 2010
The Metro Denver Economic Development Corporation (MDEDC) recently released economic data for Denver and Colorado, and there are several positive facts and forecasts for 2010.
Denver and Colorado’s economic growth has frequently outpaced the national average, and the state’s advantage appears to be holding steady during the recession compared to other major metropolitan areas nationally. Although the MDEDC report stated that Colorado’s economy will slow this year, healthier growth should follow thanks to the state’s many Read More...
Superior customer service, responsiveness, loyalty and expert guidance are just a few characteristics of Kentwood Real Estate’s experienced broker associates. Each license broker at Kentwood has a fiduciary responsibility to clients at all times.
Our associates will frame a property search around what’s most important to you and recommend lenders for pre-approval to help determine a realistic price range, strengthen your offer, and in many cases, lead to a faster closing. Kentwood’s brokers search the MLS daily to find Read More...
March 4, 2010
City Council Final Vote Follows
7 Hours of Testimony
It wasn’t easy for anyone participating in the Lowry Vista proposed rezoning process. Proponents as well as mega numbers of protesters worked diligently to support or not support the Commercial Mixed Use 20 rezoning change for the landfill acreage on East Alameda. Massive amounts of time, meeting after meeting, article after article, voice after voice, call after call, e mail after e mail, resulted in Denver City Council’s recent Read More...
Neighbors Love New East Park at Lowry
By Lowry Real Estate Specialist
Betty Jean Dayoub
Broker Associate, Kentwood Company, Cherry Creek
303-667-0766
National economic Read More...
Arbors began in East Park with the purchase of thirteen lots at 5th and Dallas, and today there is no inventory remaining. These homes are recognized for their fine finishes and energy efficiency. They do plan to build an additional 4-5 homes in the near future.
David Weekley and Berkeley Homes are to split their 43 purchased lots for the development of 43 patio homes aligning Dayton Street. “The Green” will most likely begin pricing in the upper $200s and be designed as one or two story. At this stage the two Read More...
February 25, 2010
A recent USA Today article on Aurora, Colorado, titled “Close to Home: Aurora Boasts Some Sales Bargains,” cited home prices as a major benefit of living in Aurora. The feature story also highlighted an Aurora home listed by Bill Wilbur, a broker associate in Kentwood Real Estate’s DTC office.
Located at 6225 South Fraser, the USA Today article said the home is the most expensive in the Aurora and Centennial area at $12,250,000. Offered for sale by The Grove Family Partnership, the home includes seven bedrooms, eight Read More...
February 24, 2010
In an article published on February 24th, the Denver Post reported that Denver was among six metropolitan areas in a 20-city survey that saw home prices increase in December compared with the same period a year ago.
The article, authored by Margaret Jackson, said Denver-area home prices rose 1.2 percent in December, the fifth largest increase among the cities, according to the Standard & Poor’s Case-Shiller home-price index. Home prices in the 20-city index dropped 2.5 percent during the fourth quarter compared to a year Read More...
Denver Real Estate - Realtor Magazine, the official publication of the National Association of Realtors (NAR), recently reported that Denver is among the nation’s top 10 cities where it’s smarter to buy a home than to rent.
“For people who want to own a home, the premium to buy – the spread between what they’d spend to rent and what they’d pay for a mortgage – is much lower than the 15-year average in many cities,” read the report. “To determine what cities are smart buys, Read More...
February 22, 2010
The Metro Denver Economic Development Corporation recently released its 2010 Economic Forecast for Metro Denver. According to Chief Economist Patty Silverstein, one of the longest and deepest economic contractions in the nation’s history appears to have ended.
Metro Denver’s economy fared better than many regions through the early months of recession. While the region’s outlook for 2010 is far from rosy, according to the forecast, positive rankings throughout 2009 suggest metro Read More...
As LeadingRE’s Oldest Denver-area Member, The Kentwood Companies
Gets You Connected Throughout Globe
The Kentwood Companies is the Denver area’s oldest member of Leading Real Estate Companies of the World, a global network showcasing nearly 700 companies with 5,500 offices and 170,000 associates in 38 countries. We have garnered a wealth of prestigious awards from LeadingRE over the years, Read More...
Denver Real Estate - For the first time in three years, Denver area home prices showed a year-over-year increase in the latest S&P/Case-Shiller Home Prices Index, according to a report in the Denver Business Journal (DBJ).
Out of 20 U.S. cities in the latest Case-Shiller Index, Denver was one of just four that showed a year-over-year increase in prices. Denver area home prices rose 0.5 percent between November 2008 and November 2009, which was the first increase since November 2006, Read More...
February 15, 2010
How 2009 Property Taxes Affect
Your 2010 Transaction at Closing
There are two options available for paying real estate taxes in Colorado. The first is to pay the entire amount of the prior year’s taxes in full on or before April 30th. It is also possible to pay the real estate taxes in two installments, the first on or before February 28th and the second on or before June 15th.
Depending on the time of year that a property closes and which method the lender uses to pay property taxes, one of Kentwood Real Read More...
The Federal Reserve plans to stop buying mortgages by the end of March, and the tax credit for home purchases will end with contracts signed by April 30th. The pending end of the Federal Reserve’s lifeline to Fannie Mae and Freddie Mac could drive mortgage rates back to the six percent-plus range. Rates are currently below five percent, and if they jump back up to six percent or more, many people will not be able to afford a home.
Fannie Mae and Freddie Mac are the largest purchasers of mortgages in the country. The Federal Read More...
Filed under: Blog Posts Tags: APR, consumer protection, deceptive lending, disclosure requirements, Fannie Mae, Federal Home Loan Banks, Freddie Mac, government-sponsored enterprises, HERA, Housing and Economic Recovery Act of 2009, investor guidelines, loan process, new regulatory guidelines, TIL, Truth in Lending Disclosure —
The Housing and Economic Recovery Act of 2009 (HERA) is a wide-ranging piece of legislation that strengthens and modernizes the regulation of government-sponsored enterprises Fannie Mae and Freddie Mac, along with the Federal Home Loan Banks.
Part of HERA imposes sweeping changes in the lending industry, placing greater focus on consumer protection. HERA aims to assure borrowers are better informed about the loan process and better protected against deceptive lending practices. These changes will have a direct impact on how Read More...
February 5, 2010
Filed under: Blog Posts, Denver Information, Denver Real Estate Tags: Google, internet traffic, Kentwood Companies, search engine traffic, SEO, social popularity, technical factors, website effectiveness, Website Grader —
The Kentwood Companies’ leading website at www.DenverRealEstate.com continues to rock the real estate world with its remarkable volume of traffic.
Recent analytics revealed that the site had 10,000 more visits in January 2010 over the previous period last year. Unique visitors are up 6,000 for the month, and overall search engine traffic is up about 3,000. That’s a 38 percent increase in total visitor website traffic for the month of January over the same month in 2009. Read More...
Filed under: Blog Posts, First Time Home Buyers Tags: 2010, April 30, Currnet Homeowners, Expanded Tax Credit, Extended, Federal Government, First0Time Homebuyers, Income limits, Joint Taxpayers, June 30, Move-Up Buyers, National Association of Realtors, Repeat buyers, Sales Contract, Single Taxpayers —
The clock is ticking on the opportunity to take advantage of the federal government’s extended and expanded tax credit for first-time homebuyers and current homeowners.
The original tax credit of $8,000 for first-time buyers has been expanded to include a $6,500 credit for qualified current home owners. Buyers must purchase a new or existing home prior to April 30, 2010. If a binding sales contract is signed by April 30, 2010, home purchases completed on or before June 30, 2010 will qualify.
For the tax credit Read More...
January 26, 2010
Statistics have been compiled on unique visits, total visits and other key website details for www.DenverRealEstate.com in 2009 versus 2008, and the results are impressive.
The Kentwood Companies’ leading website enjoyed a 50 percent increase in unique visits and a 43 percent increase in total visits for the website compared to 2008. Our website also posted an eight percent increase in unique views and a 24 percent increase in page Read More...
January 24, 2010
Kentwood City Properties has scheduled a First-Time Homebuyer Seminar for Wednesday, February 10, 2010 from 5:30 p.m. to 7:30 p.m. at its downtown Denver office located at 1660 17th Street, Suite 100. The seminar will address the state of the Denver real estate market, the process of buying a home, procedures for obtaining a loan, and how to decorate on a budget. Space is limited to 20, so please make reservations by contacting Nina O’Kelley with Read More...
January 17, 2010
Long Time Lowry Committees Reach a Necessary End
Lowry Planning and Disposition Subcommittee, the planning review committee intricate to the Lowry development process for many years, no longer has reason to meet as LRA has little more land development. Thus, we can see the end is drawing near for a number of steadfast community leaders and organizations. (It was my pleasure and interesting to be part of this committee. All members were dedicated to Lowry’s well being.)
Adding to the dissolving committee list is the Lowry Read More...
This clearly marks the end of a historical era. The world renowned DFAS facility at Quebec and 2nd Avenue must close at that time, and the current employees express great sadness as they are transferred, seek other positions or retire. The Director and Chief of Staff will be one of the very last to depart. Enormous changes are expected once the DFAS is gone and the Air Force sells the property. The property is owned by the Air Force and Lowry participation in the future development is in the form of guidelines that are being Read More...
Eleven chapters down and four to go. BACAC is eleven chapters nearer to completing their detailed assignment of nearly two years by City Councilwoman Marcia Johnson. The final four guideline chapters are being carefully scrutinized and adapted from the Lowry Redevelopment Guidelines as was the original charge of the committee. In tandem, the thirteen member committee is tackling definitions for often used terms within the documents. Debbie Walters, chairperson for BACAC shares, “I think we should have all chapters complete by April and Read More...
The #1 Lowry question is “How is Lowry’s real estate market?”
The #1 potential seller statement is “I am waiting for the market to come back before I sell.
The # 1 general question to me 2010 is “How is Denver’s real estate market?”
The #1 buyer statement is “I am waiting for the market to reach bottom before I purchase.”
“No bell ever rings or whistle blows announcing the bottom.” Peter Niederman, Read More...
January 6, 2010
Filed under: Blog Posts, Denver Information, Denver Real Estate Tags: boutique-style, conversion projects, Country Club Mansion, Denver Real Estate, Highlands Flat, Kentwood City Properties, LoDo Loft, New Construction, pedestrian neighborhood, Union Station, Washington Park bungalow —
Denver Real Estate - Kentwood City Properties is Denver’s leading source for “City Close” properties. Our experienced brokers know Denver better than any real estate professionals in the city. Whether seeking a carefree loft in LoDo, a historic bungalow in Washington Park, a mansion in Country Club, or a flat in The Highlands, Kentwood City Properties is Read More...
December 21, 2009
Denver Real Estate - Paula King, a leading broker associate with The Kentwood Company at Cherry Creek, was recently featured in a front page article of the Denver Post’s real estate section on December 13, 2009. The feature, written by Mark Samuelson, highlighted the town of Erie, Mayor Andrew Moore, homebuilders Kat and Kirk Velarde, and a recent listing of King’s in the Read More...
The Rocky Mountain Relocation Council’s (RMRC) board of directors gathered for its annual holiday luncheon on December 3rd in Denver. This year, the event was wrapped in the spirit of giving as the council’s Charitable Causes Committee invited personnel from the U.S. Marines’ Marine Air Control Squadron 23 from Buckley Air Force Base in Aurora to join the board’s holiday tradition. The squadron accepted a large quantity of new, unwrapped toys in support of the 2009 U.S. Marine Corps Reserve Toys for Tots Campaign.
The Read More...
December 15, 2009
There are many factors that have contributed to the foreclosure crisis in Colorado and across the country, including loss of income, adjustable rate mortgages (ARMs), and the general state of the economy. Medical emergencies, a death in the family, and a divorce can also contribute to an impending foreclosure. Excessive debt and unexpected major home maintenance expenses can also be key factors. But the best way to avoid foreclosure is to prevent the filing of a “Notice of Default.”
Lenders do not want to foreclose but will Read More...
Most people choose a real estate agent based on personal recommendations from a friend or family member. This may be a good starting point, but it’s important to ask the agent several key questions to make sure they are right for your individual needs because many Realtors have different strengths, such as new construction or relocation expertise.
Some real estate professionals are more competent on the seller’s side of the transaction while others are more skilled at helping buyers. Some agents are more knowledgeable about Read More...
December 7, 2009
I got a call this morning from a customer who recently bought her first home in Wheat Ridge. She told me her ‘pipes’ must be frozen because absolutely no water was coming out of her shower, her bathroom sink or her kitchen sink. And it just so happened that we had a “Big Chill” last night in the Denver Metro Area. Temperatures dipped to a frigid minus 2 degrees below zero and minus 13 degrees below zero (with the wind chill factor).
I asked if she knew where the water shut off valve was located inside the house. She didn’t. Read More...
November 30, 2009
Filed under: Blog Posts, Denver Information, Denver Real Estate Tags: Advanced Interactive Mapping, Denver Real Estate, Luxury Real Estate, OpenHouse.com, Professional Service, Realtor.com, Results-Driven Professionals, Video Tours, Yahoo Classifieds —
Finding the right real estate company is not an easy task, but there are numerous advantages and benefits that The Kentwood Companies offer over the competition. First and foremost, our award-winning website at www.DenverRealEstate.com is among the most advanced in the business. Your listing will be viewed 24/7, providing maximum exposure to qualified prospects Read More...
November 19, 2009
There are several things Denver home sellers can do to enhance their home for a quicker sale, such as cleaning every room and removing clutter so the house appears bigger and brighter. If your rooms are crowded, simply rent storage units and move some of the furniture out, creating a sleeker, spacious look.
Consider hiring a Read More...
Now homeowners can enjoy a little piece of the federal government’s tax credit pie. The initial $8,000 tax credit for first-time home buyers has been extended through April 2010 and now includes a $6,500 tax credit for current homeowners.
The extended and expanded tax credit includes the $6,500 windfall for buyers who have owned their existing homes for at least five years. This allows people to sell homes and do a lateral or buy-down move. Both first-time buyers and current homeowners can now sign a purchase agreement by Read More...
November 18, 2009
Like most major metropolitan areas around the country, the Denver real estate market has had its share of highs and lows over the years. During the past several months, record foreclosures have been in the headlines, and the luxury home market is not immune to this distressing situation. On the other hand, this recession-fueled scenario has created some very exciting homebuying opportunities for move-up buyers and those relocating to the Read More...
November 2, 2009
Denver Real Estate– Peter Niederman, chief operating officer of The Kentwood Companies, and his family were honored by the Autism Society of Colorado at the organization’s second annual Face of Autism event held October 1, 2009 at Pallazo Verdi in Greenwood Village. The Niederman family was recognized for contributions that have improved the lives of many families living with Autism in Colorado. Former Colorado First Lady Frances Owens, honorary Read More...
October 27, 2009
Greenwood Village – A gorgeous home in the Orchard Hills neighborhood in Greenwood Village showcases historical significance, timeless design elements, and outdoor living spaces in a beautiful setting. Originally built as the personal residence of Eugene Sternberg, a renowned architect and developer of the Orchard Hills neighborhood, the home at 9597 East Orchard Drive is listed exclusively by John Fitzpatrick, a Read More...
Filed under: Agents in the News, Blog Posts, Denver Real Estate Tags: Allied Jewish Federation of Colorado, Carson Elementary PTo, Charlotte Tucker Young Leadership Award, Denver Film Society, Early Act Breast CAncer Bill, Herzl Day School PTO, Mizel Arts and Cultural Center, National Young Leadership UJC WAshington, Women's Center Philanthropy Board —
DENVER REAL ESTATE– Jennifer Dechtman, a top-producing broker associate with The Kentwood Company in the Denver Tech Center, has been honored with the 2009-2010 Charlotte Tucker Young Leadership Award from the Allied Jewish Federation of Colorado. The award recognizes Dechtman’s commitment to volunteer work for the community and for her philanthropy. The award, presented Read More...
Greenwood Village – The Kentwood Companies, Colorado’s premier real estate firm, was a silver sponsor and participant in the 9th Annual First American State Bank Fitness Festival held September 12th in Greenwood Village. Approximately 3,000 people participated in the event to benefit the Read More...
October 14, 2009
Filed under: Blog Posts, Denver Information Tags: Build-a-Bear, Doubletree Hotel, Kentwood, NAR, Patsy Brown, Peabody Hotel, Real Estate Market Changes, Southwest Airlines, Terry Watson, Wells Fargo, Whole Foods —
October 12, 2009 by Patsy Brown
That was the main question posed by Terry Watson at a recent 3 hr seminar sponsored by Wells Fargo at Denver’s Pepsi Center. With the changing economic and real estate market, he urged realtors to get out of their comfort zone and be creative in the way they did their business. Citing marketing examples such as the Peabody Hotel and their daily Duck Walk, Read More...
October 8, 2009
Kentwood presents Washington Park Homes Grand Opening on Sunday, October 10th from 1 - 4 p.m.. DON’T MISS OUT!!
Wash Park Row Homes - Grand Opening! Read More...
September 24, 2009
Filed under: Blog Posts, Denver Real Estate Tags: Andrew Gonzales, Aqua-Therm heating and cooling, Ballpark Neighborhood, Bill Verdon, Cembonit cement board exterior siding, Coors Field, Denver Real Estate, Doggie Daycare, double pane Low-E windows, Fire Clay Lofts, Green Features, Kahrs engineered wood floors, Pet-Friendly —
Denver Real Estate – Downtown Denver’s only townhomes featuring pet-friendly backyards and numerous “green” features are now available from $350,000. Nestled in the popular Ballpark neighborhood, Fire Clay Lofts and Townhomes is a gated community located just seven blocks from Read More...
September 14, 2009
Prestigious Award Recognizes Dedication, Professionalism,
Community Spirit, and Leadership
Denver Real Estate – Gretchen Faber, managing broker of The Kentwood Company at Cherry Creek, has garnered the prestigious “Realtor of the Year” award from the Denver Board Read More...
September 11, 2009
Filed under: Blog Posts, Denver Information, Denver Real Estate Tags: 1911, Anastasia Williamson, architectural integrity, Denver Real Estate, FAIT Homes, Historic Designation, historic integrity, Pop Top, reclaimed oak, restoration —
Denver Real Estate – A beautifully restored home in Washington Park listed by Anastasia Williamson of Kentwood City Properties is the first “Pop Top” residence to receive the coveted Historic Designation from Historic Denver. Located at 1101 South York Street, the spacious home is distinguished by Read More...
September 4, 2009
Extraordinary restoration in top Washington Park location!
The dramatic custom kitchen boasts slab granite, custom Omega cabinets, Baroque glass doors, Kitchen Aid stainless appliances, wine refrigerator, and oil rubbed bronze fixtures.
The romantic master suite features double doors with transom window, sitting area, fireplace, balcony, and 5-piece bath.
The timeless finishes throughout include Read More...
September 3, 2009
A broker in my office came to me yesterday with some questions about a seller’s recourse if the loan doesn’t fund at closing.
Colorado is a “table closing” state, and our contract expressly states that the buyer must attend the closing with all moneys and documents. This means that if a closing is at 4 p.m. on a Wednesday, as this broker’s closing was, the buyer and the buyer’s lender must perform under the terms of the contract at 4 p.m.
This lender had a lackadaisical Read More...
September 1, 2009
Filed under: Agents in the News, Blog Posts, Denver Real Estate Tags: Acadamia Ana Maria Sandoval, and the Denver Arts & Technology Academy, Cahfee Park, Denver Real Estate, Leilani Renteria. Sunnyside Music Festival, Rocky Mountain SER Head Start, The Banyan Tree Drum Project, The Conflict Center, The Other Side —
DENVER REAL ESTATE – Leilani Renteria, a leading broker associate with Kentwood City Properties, is sponsoring the Seventh Annual Sunnyside Music Festival scheduled for Saturday, September 12, 2009 in Chaffee Park. The festival is a grass-roots neighborhood music fair showcasing a dozen family-friendly Colorado bands, neighborhood entertainers, boutique Read More...
DENVER REAL ESTATE – Amy Frankmore, a leading real estate professional and community volunteer, has joined The Kentwood Company at Cherry Creek as a broker associate. Frankmore earned her real estate license in 1999 and is currently serving the diverse real estate needs of clients throughout Denver’s most desirable and historic Read More...
How’s TheE Real Estate Market?
Denver continues to remain one of the nation’s standout real estate markets according to the S&P/Case-Shiller Housing Index. At the end of July, Denver’s Real Estate inventory for single-family residences and condominiums totaled 20,890 compared to 25,673 in July 2008. This is a 19% reduction in housing Read More...
August 26, 2009
Denver Real Estate – It’s a vision of beauty and class that reflects the superior craftsmanship of its era. A charming, historical Denver Square built in 1900 in West Washington Park is now listed by Doug Hutchins and Leslie Heldenbrand of The Kentwood Companies. Located at 117 E. 2nd Avenue, no other home in the Read More...
By Meena Thiruvengadam
WASHINGTON — U.S. Existing-home sales rose in July to their highest level in nearly two years as cheaper prices and the availability of tax credits continued to entice buyers.
Home resales rose more than expected, bouncing 7.2% — the highest month-over-month percentage increase in more than a decade — to a seasonally adjusted 5.24 million annual rate, the National Association of Realtors said Friday.
Analysts surveyed by Dow Jones Newswires had expected an annual sales rate of 5 Read More...
DENVER REAL ESTATE – The Kentwood Companies, Colorado’s Premier Real Estate Company, has completed consumer-friendly enhancements to its leading website at www.DenverRealEstate.com, including search function upgrades that make the online home shopping experience easier and more rewarding. Other improvements include Search Engine Optimization upgrades and visual design enhancements for Read More...
|
