Superior Area Information

February 5, 2013 by

Superior Area Information

For the first century or so of its existence, Superior was a quaint little town. Now, after two decades of rapid growth, Superior continues to remake itself.

Superior was one of the fastest growing communities in the 1990s, as the Rock Creek Ranch subdivision was built. The residential development added more than 4,000 homes, raising the town’s population from about 250 in the early 1990s to more than 12,000 residents today.

As the town grows, residents and leaders are looking to diversify its economy and develop a central business district. Plans for the Superior Town Center, a 160-acre mixed use urban area, have been in the works for more than 15 years.

The project would sit southeast of Hwy 36 and McCaslin Boulevard interchange. Proposals and concept plans have been created, and the planning commission and town board will be reviewing them later this year.

The population boost starting in the 1990s helped give rise to the 600,000 square foot Superior Marketplace retail center, southwest of Hwy 36 and McCaslin Boulevard. The center features Super Target, Costco, Whole Foods, PetSmart, and numerous other retailers and restaurants also drawing customers from nearby Boulder and Louisville. On the southern end of town, several private developers are planning to build a mix of projects including office, retails, hotel, and residential developments with some land still available.

And nearby, the Rock Creek Village, anchored by Safeway, has a mix of restaurants and retail businesses.

It’s not all about development in Superior though. The town along the Front Range mountain foothills has bout 60 acres of open space, more than a handful of parks, and 29 miles of trails.

Superior Profile:

Square miles: 4.3

Population: 12, 483

Household: 4,496

Median household income: $96,130

Median home sales price: $361,700

Median age: 32.5

School districts: Boulder Valley School District

City, county, state sales taxes: 8.26 percent

Top public employer: Boulder Valley School District

Electricity: Xcel Energy

Online Resources

City of Superior: www.superiorcolorado.gov

Superior Chamber of Commerce: www.superiorchamber.com

Economic Development Contact/Incentives

Matthew G. Magley, Town Manager

303-499-3675 mattm@superiorcolorado.gov

The town of Superior has adopted a financial incentive policy that offers financial assistance to new and existing businesses that generate a minimum of $250,000 in new annual revenue to the town or create a minimum of 25 new jobs.

Presented by

Boulder Area Realtor Association

John Marcotte

www.boulderhomes4u.com

720-771-9401

Filed Under: Area recreation, Real Estate Topics, Things to Do Tagged With: , , ,

Nederland Area Information

February 3, 2013 by

Nederland Area Information

Nederland, Colorado is a town like no other. Tucked in the Rocky Mountains just west of Boulder, Nederland has a history rich in mining and music and a future as the hub of the Peak to Peak Community. With our unique shops, amazing outdoor beauty, friendly locals, and vibrant music scene, Nederland is definitely not your average small town. Whether you live here, work here, or play here, we’re sure that you’ll discover that life’s better up here!

 

John Marcotte

www.boulderhomes4u.com

720-771-9401

 

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Lyons Area Information

February 3, 2013 by

Lyons Area Information

Lyons, Colorado, located in Boulder County, is an idyllic bedroom community that is home to approximately 2,000 people. It is nestled in the foothills of the Rocky Mountains. Just 15 minutes to the east is Longmont, Colorado, and to the south is Boulder, home of the University of Colorado. In approximately 30 minutes, one can visit the quaint resort town of Estes Park, which is famous for, among other things, the Stanley Hotel, featured in the movie, The Shining.
Open Space within walking and biking distance of Downtown, Lyons has a well-deserved reputation as a recreational mecca for locals and visitors alike. Music lovers also know Lyons as the home of Planet Bluegrass and the RockyGrass and Rocky Mountain Folks Festival concerts. But Downtown Lyons has a soundtrack of its own; from the Sandstone Summer Concert Series to the commercial venues that feature live music year ’round, Lyons hums with musical talent.
Longmont and Boulder are favorite venues for shopping and dining. Lyons is also known for its fine dining experiences, due to its top-notch restaurants and dining establishments.
The Lyons schools, from elementary through high school, are considered to provide exemplary education, as part of the St. Vrain School District.
For additional information about picturesque Lyons, please visit the following links:
http://www.townoflyons.com
http://downtownlyons.com
http://www.rockymtretreats.com/lyons.htm
http://en.wikipedia.org/wiki/Lyons,_Colorado

John Marcotte

www.boulderhomes4u.com

720-771-9401

 

Filed Under: Area recreation, Real Estate Topics, Things to Do Tagged With: , , ,

Louisville Area Information

February 2, 2013 by

Louisville Area Information

There is no better place to live and/or raise your family than Louisville, according to several national editors.

In the last few years, Louisville has been named the Number 1 best place to live in the United States. In 2006, authors Bert Sperling and Peter Sanders assured that Louisville was the Number 1 best place to raise your family. In 2009, Money Magazine ranked it the Number 1 place to live.

The city is also a great place to do business. Louisville touts its location along Hwy 36 with quick access to Denver, Boulder, and Denver International Airport via Northwest Parkway.

The city has two major business parks, with a range of buildings for high end corporate use to research and development industrial operations. Both parks have room to grow.

The 400 acre Colorado Technology Center is home to a variety of small and large businesses and developers continue to help build out the development park. The Centennial Valley Business Park on the west side of the city has about 80 acres left to develop.

Along with its strong business climate, Louisville maintains a strong sense of community, which helps attracts its nations accolades as great place to live.

Louisville has a historic downtown, with shops, unique restaurants and quality office space. A new 32,500 square foot library was built downtown in 2006, further enhancing traffic to downtown.

There are nearly 8,000 households in Louisville through a mix of mostly single family neighborhoods.

Louisville offers its residents a variety of retail opportunities, from locally owned shops and restaurants on Main Street to big-box retailers such as Lowe’s and Kohl’s along the McCaslin and South Boulder Road corridors.

Louisville has its own recreation center, sports leagues, dog park and the 18 hold Coal Creek golf course. The city also is home to one of four hospitals in the Boulder Valley-  Avista Adventist Hospital.

 

Louisville Profile

Square miles: 7.9

Population: 19,400

Median household income: $69,945

Median home sales price: $359,000

Median age: 37

School district: Boulder Valley

City, county, state sales taxes: 8.25 percent

Top private employer: Avista Adventist Hospital (635)

Top public employer: City of Louisville (153)

Electricity: Xcel Energy

 

Online Resources

City of Louisville: www.louisvilleco.gov

Louisville Chamber of Commerce: www.louisvillechamber.com

Louisville Economic Development: www.louisvillecolorado.biz

 

Economic Development Contact/Incentives

Aaron DeJong, Economic Development Director

303-335-4531 aarond@louisville.gov

 

The City of Louisville customizes business assistance to the needs of the company. Forms of assistance may include permit fee rebates, construction use tax rebates, and sales tax rebates. All the rebates are based on new dollars generated by the project at move in and/or during the first three to five years of operation. Assistance is based upon need, high quality development, retaining jobs, creating  jobs with average salaries above the city average, retaining existing sales tax, creating new sales tax, bringing industry or retail diversity, or using an existing building.

 

Presented by

Boulder Area Realtor Association

 

John Marcotte

www.boulderhomes4u.com

720-771-9401

Filed Under: Area recreation, Real Estate Topics, Things to Do Tagged With: , , ,

Longmont Area Information

February 1, 2013 by

Longmont Area Information

Longmont is Boulder Valley’s second most populous city, and it offers businesses room to grow at an affordable price.

The city lies in the northeast part of the county, with 20 minute access to Boulder via the Diagonal Highway and 45 minute access to Denver and Fort Collins via Interstate 25.

Longmont’s economic development team focuses on attracting primary jobs to the city or companies whose products and services are sold outside the area. This brings outside dollars to Longmont to help fuel prosperity.

The city has become one of the main hubs for computer and data storage in the United States. Hard drive makers Seagate Technology LLC and Western Digital Corp. have significant presences in Longmont, along with more than 20 other IT hardware companies, including Dot Hill Systems Corp., and Intel Corp. Longmont also has several industry clusters with employment exceeding 500 including software biotech, business services, semiconductors and food processing. Micron Technology Corp has just opened a 43,000 square foot facility.

Longmont has also realized a data center concentration in recent years. American Honda Motor Corp has one of its main data storage facilities here. West Corp., Xilinx Inc., and Ongoing Operations have set up data centers and Dallas based Broadband Utilities Inc. recently built three new 50,000 square foot data storage centers.

Longmont also hosts numerous other big name national firms such as Amgen Inc.,  DigitalGlobe Inc., STMicroelectronics and GE Energy.

Technology companies favor Longmont for its educated work force, economic incentives, lower real estate prices and electric rates.

Longmont is the only city in the Boulder Valley with its own municipal electric company, Longmont Power and Communications, which saves users an average of 30 percent on electrical costs compared to the rest of Colorado.

Real estate prices, both commercial and residential, can be nearly half the prices in nearby Boulder. This allows businesses and families to affordably live and work in Longmont.

There’s also room to grow for new developments. The city provides a variety of mostly single family neighborhoods, including “Prospect New Town,” a sustainable urban neighborhood with a mix of old style and modern homes.

Longmont provided its residents with plenty of retail options, inducing downtown Main Street shopping, the soon to be redeveloped Twin Peaks Mall, and big box stores such as Wal-Mart, Target, best Bust, Home Depot and Lowe’s spread throughout the city.

The city has its own recreaction center, cultural theater, one price and three public golf courses, and an outdoor sports complex at Sandstone.

Longmont United Hospital, one of four hospitals in Boulder Valley, provides a full range of top ranked medical care.

The Saint Vrain Valley School district provides kindergarten through 12th grade public education throughout the city, and Front Range Community College’s Boulder County campus is based here.

Longmont is services by the Regional Transportation Districts bus service and eventually may be served by its FasTracks commuter rail service. FLEX buses operated by the City of Fort Collins’ TransFort system connect Longmont and RTD commuters with Berthoud, Loveland and Fort Collins.

Online Resources

City of Longmont: www.ci.longmont.co.us

Longmont area Chamber of Commerce: www.longmontchamber.org

Longmont area Economic Council: www.longmont.org

Economic Development Contact/Incentives

John Cody, Longmont Area Economic Council, President/CEO

303-651-0128 laec@longmont.org

Brad Power, Director of Economic Development for City of Longmont

303-651-8481 brad.power@longmont.org

The city of Longmont offers a variety of business incentives for new and expanding companies. Companies can recover 30 percent in building permit fees, 50 percent of personal property taxes, avoid the first two years of sales and use taxes on research and development equipment, with the option of an additional three year rebate on these taxes, enjoy a permanent exemption on sales and use taxes for manufacturing equipment, take advantage of expedited permitting and gain development density bonuses. The city may also help developments with establishing tax increment financing.

Presented by

Boulder Area Realtor Association

John Marcotte

www.boulderhomes4u.com

720-771-9401

Filed Under: Area recreation, Real Estate Topics, Things to Do Tagged With: , , ,

Lafayette Area Information

January 31, 2013 by

Lafayette Area Information

Located in eastern Boulder County at the crossroads of Colorado Highway 7, US highway 287 and the Northwest Parkway, the city of Lafayette has a major hospital, several big name retailers and office and industrial business parks.

The city’s business friendly amenities support a great place to live, mostly single family neighborhoods surrounded by parks and the Indian peaks Gold Course, and 18 hole Hale Irwin designed public course.

The Exemple Good Samaritan Medical Center has spurred commercial growth in the southwest portion of the city. The full service hospital has more than 200 beds and room to grow. The first new medial building on the hospital campus opened in the first half of 2012. It features a new infusion treatment center for cancer patients.

Just to the North of Exemple, along U.S. 287, is 82 acres of underdeveloped land known as the SoLa development, (south of Lafayette). Two hotel sites have been approved for the 28 acres of commercial land closest to 287. Future phases of the project are expected to include a mix of retail, restaurants and medical offices and services related to the hospital. Another 20 acres of land farther away from the 287 is set aside for office and commercial business park uses, as well s buildings that house services for seniors.

So far, the Prana 264 unit apartment complex has been built on the site, and other 240 unit complex named Prasana is coming soon. A Dairy Queen/Orange Julius is open closet to 287, and the city is building a fire station nearby.

Class A office space often sought after by companies is available throughout the city, including at the new Creekside Offices at Old Laramie Trail. The distinctive 8,500 and 4,500 square foot buildings feature natural stone, glass and vaulted roofs in a Colorado ski lodge style. On the east side of the city, Vista Business Park has 14 acres open for development of industrial and flex office building space.

Just south of exempla, Lafayette’s Corporate Campus 119 acre office park is home to some its most well known employers, from Kaiser Permanente to Thermo Fisher Scientific Inc Office of Epsilon and Meretek Diagnostics Inc also are located there.

The Lafayette Tech Center 59 acre office and industrial park has more regional heavy hitters companies, from U.S. office of Lafuma Corp to Sporian Microsystems Inc.

Lafayette also has established history with its Old Town Lafayette Main Street area, featuring local shops and restaurants. Locals and visitors enjoy annual festivals that speak to the hometown nature of Lafayette, including the Quaker Oatmeal Festival, the Summer Fun Fest, Peach Fest, Celebrate Lafayette and Home for the Holidays.

Lafayette Profile

Square miles: 9.3

Population: 24,453

Households: 10,306

Median household income: $62,079

Median home sales price: $304,000

Median age: 36

School district: Boulder Valley School District

City, county, state sales taxes: 8.25 percent

Top private employer: Exempla Good Samaritan Medical Center (1,310)

Top public employer: City of Lafayette (300)

Electricity: Xcel Energy

Online Resources

City of Lafayette: www.cityoflafayette.com

Lafayette Chamber of Commerce: www.lafayettecolorado.com

Economic Development Contact/Incentives

Phillip Patterson, Community Development Director

303-665-5588 or phillipp@cityoflafayette.com

Lafayette officials work with representatives from companies one on one to discuss potential economic incentives. There is no set package of economic incentives for new or existing employers.

Presented by

Boulder Area Realtor Association

John Marcotte

www.boulderhomes4u.com

720-771-9401

Filed Under: Area recreation, Real Estate Topics, Things to Do Tagged With: , ,

Pending Home Sales Down in December but Remain on Uptrend

January 30, 2013 by

Pending Home Sales Down in December but Remain on Uptrend

house_for_sale_sign_foreground Pending home sales declined in December but have stayed above year-ago levels for 20 consecutive months, according to the National Association of REALTORS®.

The Pending Home Sales Index,*a forward-looking indicator based on contract signings, fell 4.3 percent to 101.7 in December from 106.3 in November but is 6.9 percent higher than December 2011 when it was 95.1. The data reflect contracts but not closings.

Lawrence Yun, NAR chief economist, says there is an uneven uptrend. “The supply limitation appears to be the main factor holding back contract signings in the past month. Still, contract activity has risen for 20 straight months on a year-over-year basis,” he says. “Buyer interest remains solid, as evidenced by a separate Realtor® survey which shows that buyer foot traffic is easily outpacing seller traffic.”

Yun notes that shortages of available inventory are limiting sales in some areas. “Supplies of homes costing less than $100,000 are tight in much of the country, especially in the West, so first-time buyers have fewer options,” he says. “We expect a seasonal rise of inventory in the spring to help, but a seller’s market may be developing. Much of the West is already a seller’s market for homes priced under a million dollars, but conditions are much more balanced in the Northeast.”

Even with tighter inventory, a pent-up demand and favorable affordability conditions bode well for the market. Yun expects existing-home sales to increase another 9 percent in 2013, following a 9 percent rise in 2012.

The PHSI in the Northeast fell 5.4 percent to 78.8 in December but is 8.4 percent higher than December 2011. In the Midwest the index rose 0.9 percent to 104.8 in December and is 14.4 percent above a year ago. Pending home sales in the South declined 4.5 percent to an index of 111.5 in December but are 10.1 percent higher December 2011. In the West the index fell 8.2 percent in December to 101.0 and is 5.3 percent below a year ago.

For more information, visit www.realtor.org

 

John Marcotte

www.boulderhomes4u.com

720-771-9401

Filed Under: Local news

Broomfield Area Information

January 29, 2013 by

Broomfield Area Information

 

I

t might be too early to say that Broomfield is booming, but the city clearly is back in business. New luxury apartments, new Class A office buildings and new corporate headquarters are sprouting up in Broomfield.

Broomfield is a major player in Boulder Valley’s economy. It is the third largest city in the area and has the distinction of being its own county. It houses some of the area’s largest private-sector companies, with the majority of the region’s Class A office space. It has its own small area, the 1st Bank Center, and its population continues to climb with a mix of high-end and affordable living options.

Broomfield’s midway location along Highway 36 allows it to easily attract a labor force from both Boulder and Denver. The city also stretches east to access Interstate 25, and Northwest Park Way to Denver International Airport.

During the past decade, developers have built up Broomfield’s western side and along Hwy 36 into a mix of first-class office parks, hotels, apartments, shopping and entertainment.

The Interlocked Advanced Technology Environment is the area’s premier office park with a variety of real estate on 900 acres. It included the soon to be completed Eos at Interlocken, a Class A building with 186,000 rentable square feet and LEED Gold pre-certification.

Originally developed in the 1980’s, Interlocken hit its stride during the late 1900’s tech boom. The park is home to the headquarters of Level 3 Communications Inc, Vail Resorts, Webroot Software Inc, Oracle, and Staple Inc.

The business park also includes two four star hotels – the Omni Interlocken Resort and the Renaissance Boulder Suites and Flatirons, and the Omni, a 27 hole championship golf course.

Flatirons Crossing, Flatiron Marketplace and Main Street and Flatiron along Hwy 36 provide Broomfield with more than 2 million square feet of mall shopping, big box stores including Nordstrom, Dillard’s, Macy’s, Dick’s Sporting Goods, Best Buy, and Wal-Mart Super Center, and dining opportunities. Also nearby is the modern 150,000 square food Lakeshore Flatiron Athletic Club.

The Arista Mixed-use and entertainment neighborhoods is the latest development along Hwy 36. It features the 1st Bank Center, which has a scalable capacity from 3,500 to 6,500 attendees. The surrounding neighborhood is envisioned to include 1,500 residential units, 150,000 square feet of office space, 55,000 square feet of larger bix-box retail space, a 1,500 stall parking facility, a Regional Transportation District bus rapid-transit station and numerous parks and pedestrian walkways.

The area already includes a 140-room 5,658 square foot boutique hotel, the Alof Hotel, that opens mid 2009.

On the northern edge of  Broomfield, along I-25, Northern Colorado based developer McWhinney is in the process of developing its 932 acres of land within the Anthem neighborhood. The developer envisions a 20-40 year build out of commercial projects, including an applied research center. The residential portion of Anthem is slated to include up to 3100 homes.

Broomfield has next-door access to Rocky Mountain Metropolitan Airport in Jefferson County with corporate jet services. The city is served by RTD bus routes and is slated to have a FasTracks commuter rail station in the future.

With the ConocoPhillips Co constructing a 2.5 million square foot campus in nearby Louisville, other developments are in the works to help accommodate the growth.

 

Broomfield Profile

Square Miles: 33.6

Population: 55,889

Households: 21,414

Median household income: $75,590

Median home sales price: $276,750

Median age: 37

School districts: Adams 12, Boulder Valley, Brighton, Jefferson County, Weld county school districts

City, county, sales taxes: Varies by location – 8.25 percent to 8.45 percent

Top private employment: Oracle Corp

Top public employer:  City and County of Broomfield

Electricity: Xcel Energy and United Power

 

Online resources

City and County of Broomfield: www.broomfield.org

Broomfield Chamber of Commerce: www.broomfieldchmaber.com

Boulder Economic Development Corp: www.broomfieldedc.com

 

Economic Development Contact/Incentives

Stephanie Salazar, Broomfield Economic Development Corp, President/CEO

303-469-7645 stephanie@broomfieldedc.com

 

Bob Martinez, Director of Economic Development, City and County of Broomfield

303-464-5579 bmartinez@broomfield.org

 

Broomfield evaluated economic incentives for businesses on a case-by-case basis. Incentives include use and personal property tax rebates and assistance in expediting projects thorough the city’s and county’s approval process. Officials will consider jobs, salaries and quality of developments in their decision making process.

 

Presented by

Boulder Area Realtor Association

 

John Marcotte

www.boulderhomes4u.com

720-771-9401

Filed Under: Area recreation, Local news, Real Estate Topics, Things to Do Tagged With: , , ,

Factors Banks May Consider for Short Sale

January 28, 2013 by

Factors Banks May Consider for Short Sale

What makes a lender decide whether to take
a discount on a mortgage? What formula do
they use to decide how much to take? These
are tricky questions. Each of these transactions
must be evaluated on a case-by-case basis,
and there are a number of variables involved in
each one.
A borrower is often in default or will be soon
when the lender decides to take a discount.
There may be instances where there is no
default; this usually means that the borrower
is upside down on the mortgage and what is
owed exceeds the value of the house.
There are a number of factors that a lender may
consider when deciding whether to discount a
loan and by how much, including the borrower’s
overall financial condition and circumstances,
the property’s “as is” value, and the cost to
market and re-sell the property. Also, two short
sales at the same bank may actually be held
by different investors, so the percentages and
“formulas” for approval may vary even with the
same bank.
A short sale is usually the lender’s last resort
before foreclosure. Overall, the goal is to show
the lender that a short sale is the quickest and
best way to mitigate their loss. Some lenders
will only approve a short sale when foreclosure
is not economically feasible because the
borrower is insolvent and one or more of the
following may have occurred:
• The property was purchased or refinanced at
the top of a seller’s market at an over-inflated
price, and a substantial drop in value has
occurred.
• The property was financed as an interest-only
adjustable rate loan and the borrower has no
capacity to refinance at a lower interest rate.
• The property was refinanced at more than
100% of its value.
• The property is located in an area where
property values have dropped due to local
economic conditions, or the home’s value
has decreased to an amount below the loan
balance due.
• The property’s “as is” condition has deteriorated
to a point where it is not feasible for
the lender to put it in a marketable resale
condition.
• The proposed purchase price is more than the
lender would be able to sell property for after
foreclosure.
• Any sales commission proposed in a contract
is less than what the lender may typically have
to allocate after the foreclosure process is
complete to market and sell the property.

The lender will also do a market analysis of
the property. The Broker’s Price Opinion (BPO)
may be the single most influential component
the lender considers when deciding how much
they are willing to accept as a reasonable short
sale offer. The lender hires a real estate agent,
broker, or appraiser to assess the property and
give their professional opinion of its value to the
lender.
Documentation
Most lenders ask the borrower to document
their hardship prior to approval of the sale. The
lender will request at least the following information
for consideration of a short sale:
• a personal hardship letter that defines what
the hardship is and proof of the hardship
claim, if available;
• a Third Party Disclosure for authorization to
speak to the Realtor or other representative
about the loan status;
• a completed financial worksheet of net
income and monthly expenses;
• copies of the last two years’ Federal Income
Tax returns with all schedules;
• copies of last two months’ payroll stubs, or
profit-and-loss statement if self employed;
• copies of last two months’ bank statements
for all accounts;
• a copy of the sales contract signed by both
the seller and the buyer; and
• estimated closing costs showing a detailed
breakdown of all projected costs including
Realtor commissions for listing and selling
agents.
Once the lender has the above information, it
could take three to twelve months to negotiate
and close a short sale, depending on the lender.
It really is a “numbers game,” with the lender in
control.

Courtesy of Land Title Guarantee Company

 

John Marcotte

www.boulderhomes4u.com

720-771-9401

 

Filed Under: Real Estate Topics Tagged With: , , , ,

Prices Rose 7.9 Percent in 2012

January 27, 2013 by

Prices Rose 7.9 Percent in 2012

home_price265x176 December 2012 home prices are expected to rise by 7.9 percent on a year-over-year basis from December 2011 and fall by 0.5 percent on a month-over-month basis from November 2012 reflecting a seasonal winter slowdown, CoreLogic said recently.

Excluding distressed sales, December 2012 house prices are poised to rise 8.4 percent year-over-year from December 2011 and by 0.7 percent month-over-month from November 2012, according to the CoreLogic Pending HPI.

Home prices nationwide, including distressed sales, increased on a year-over-year basis by 7.4 percent in November 2012 compared to November 2011. This change represents the biggest increase since May 2006 and the ninth consecutive increase in home prices nationally on a year-over-year basis. On a month-over-month basis, including distressed sales, home prices increased by 0.3 percent in November 2012 compared to October 2012. The HPI analysis shows that all but six states are experiencing year-over-year price gains.

Excluding distressed sales, home prices nationwide increased on a year-over-year basis by 6.7 percent in November 2012 compared to November 2011. On a month-over-month basis excluding distressed sales, home prices increased 0.9 percent in November 2012 compared to October 2012. Distressed sales include short sales and real estate owned (REO) transactions.

“Housing was one of the past year’s biggest surprises. Even without significant gains in income, housing mounted an impressive recovery in 2012,” says CoreLogic Chief Economist Mark Fleming. “While the economy is strengthening, there is more to be done. For example, concerns remain around structural unemployment and the falling labor force participation rate.”

Highlights as of November 2012:

• Including distressed sales, the five states with the highest home price appreciation were: Arizona (+20.9 percent), Nevada (+14.2 percent), Idaho (+13.8 percent), North Dakota (+11.3 percent), California (+11.1 percent).

• Including distressed sales, the five states with the lowest home price depreciation were: Delaware (-4.9 percent), Illinois (-2.2 percent), Connecticut (-0.5 percent), New Jersey (-0.5 percent) and Rhode Island (-0.3 percent).

• Excluding distressed sales, the five states with the highest home price appreciation were: Arizona (+16.5 percent), North Dakota (+12.9 percent), Nevada (+12.6 percent), Hawaii (+11.6 percent) and Idaho (+11.6 percent).

• Excluding distressed sales, this month only two states posted home price depreciation: Delaware (-3.5 percent) and Alabama (-2.2 percent).

For more information, visit www.realestateeconomywatch.com

 

John Marcotte

www.boulderhomes4u.com

720-771-9401

Filed Under: Real Estate Topics Tagged With: , , ,
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