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Patsy’s Positive Perspective – August 2011

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Aug 172011
 

Luxury Home Sales on the Rise: The number of luxury homes sold in June in metro Denver jumped significantly over the prior month’s sales, according to a report from Coldwell Banker Residential Brokerage. read more here

Builder Confidence Edges Up: Builder confidence in the market for new single-family home sales rose by 2 points in July, the National Association of Home Builders said July 18. read more here

Panel: Denver Commercial Real Estate Poised for Rebound: All three commercial real estate market sectors in metro Denver stand poised for a rebound, some quicker than others, a panel of experts said July 12 at the Colorado chapter of the NAIOP Commercial Real Estate Development Association’s annual mid-year forecast event. read more here

Magazine Names Colorado No. 5 in Sustainability: Site Selection magazine ranks Colorado No. 5 on its list of the most sustainable states. The ranking appears in the July issue as part of the magazine’s annual “Green Guide.” read more here

16 Denver-Area Hotels Rated Tops by U.S. News; 2 Make National ‘Best’ List: Sixteen Denver-area hotels have made U.S. News and World Report’s 2011 list of the top 850 hotels in America, including two that made the exclusive list of “Best Hotels in the USA.” The Ritz-Carlton, Denver and Four Seasons Hotel Denver both placed on the list of the top 86 hotels in the country. read more here

National Jewish Again Tops in U.S. News Ranking: National Jewish Health continues to rank as the top respiratory hospital in the nation. The magazine has put National Jewish at the top of its list for respiratory hospitals for 14 consecutive years. read more here

Fort Collins Rates No. 5 on Forbes Best Places for Business List: FORT COLLINS – Fort Collins is rated No. 5 in the nation on the most recent Forbes’ “Best Places for Business and Careers,” while Denver placed No. 9 on the list. read more here

Weld Leads as Employment Rises in Colorado’s Nine Largest Counties: WASHINGTON, D.C. – Employment rose in all nine of Colorado’s largest counties from December 2009 to December 2010 with Weld County leading the state with a 2.9 percent employment gain, according to a new report by the U.S. Bureau of Labor Statistics. read more here

MoneyTree: 5 Key Deals Boost Colorado Venture Investment in Q2: Venture capital investment in Colorado rose significantly in the second quarter, largely driven by five deals valued at more than $20 million each, according to the quarterly MoneyTree report developed by PricewaterhouseCoopers LLPPricewaterhouseCoopers LLP

Latest from The Business Journals: Maryland venture capital funding up 64% in 2QKansas lands M in venture capital investments during quarterVC investment in Colorado up in Q2Follow this company and the National Venture Capital Association. read more here

Special thanks to Shari Canon with Land Title Guarantee Company for providing this information that we can share with you.

 Posted by admin at 4:38 am  Tagged with: , , , , ,

Patsy’s Positive Perspectives

 Patsy's Positive Perspective  2 Responses »
Jun 132011
 

Denver No. 3 in Greatness Study: Denver is ranked third on a new list of cities considered to be poised on the edge of greatness. The rankings were compiled by research firm Sperling’s Best Places for the makers of Edge Shave Gel and based on such factors as sports, art, music, culture and population growth. read more here

Colorado Jobs Up, Unemployment Rate Down to 8.8%: The unemployment rate in Colorado fell to 8.8 percent in April from 9.2 percent in March, and the state’s employers added 2,200 jobs during the month, according to a report released on May 20th by the Colorado Department of Labor and Employment.read more here

Denver to Be No. 5 in Summer Visitors: Denver will be the fifth-most-visited destination of U.S. travelers this summer, according to projections compiled by travel website Orbitz.com.read more here

Chase Bank to Hire 100 in Denver: Chase Bank plans to hire nearly 100 new employees, including 50 personal bankers.read more here

Hotel Teatro Among Best Hotels in World: Denver’s Hotel Teatro is among the top 10 hotels in the world on Expedia.com’s new Insiders’ Select list, which is based on quality and value instead of on pure luxury. read more here

Vestas Lands Order for 34 Colo.-Built Turbines:Vestas Wind Systems has landed another big order for wind turbines, this time for a California wind farm. The blades will be made at Vestas’ Windsor plant and the towers at the company’s plant in Pueblo. read more here

Another Big Drop in Colorado Foreclosure Filings:Colorado officials reported another sharp decline in new foreclosure filings in April for the state’s urban areas from the previous year. read more here

Colorado 5th for income growth over last 50 years:Colorado is fifth among the 50 states for average annual income growth over the last half-century, according to a new analysis of U.S. Bureau of Economic Analysis data. read more here

Colorado Springs Rated Great for Grads: As soon as you pull off that mortarboard, college grads, head to Colorado Springs. That seems to be the advice of Kiplinger, which has included the Springs among its latest set of “10 Great Cities for College Grads.” read more here

Special thanks to Shari Canon with Land Title Guarantee Company for providing this information that we can share with you.

 Posted by admin at 8:47 am  Tagged with: , , , ,

Patsy's Positive Perspective – April 2010

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May 012010
 

Upbeat Economic Forecast Cheers Colorado Lawmakers: Colorado legislators say they won’t have to continue cutting services or raising fees to balance the state budget for the next year, and bills proposing further revenue increases from businesses could be tabled, after receiving a favorable economic forecast March 19.          read more here

Case-Shiller: Denver Home Prices up for 3rd Straight Month: For the third month in a row, Denver-area home prices showed a year-over-year increase in January, according to the latest S&P/Case-Shiller Home Prices Index. Out of 20 U.S. cities in the closely watched report from Standard & Poor’s, released March 30, Denver was one of nine that showed a year-over-year increase in prices. read more here

162,000 Jobs Added in March, Most in 3 Years: WASHINGTON – The nation’s economy posted its largest job gain in three years in March, while the unemployment rate remained at 9.7 percent for the third straight month. read more here

M&As Rebound: Colorado’s deals hit $8.2B in 2010 first quarter: Colorado’s merger-and-acquisition activity rose in the first quarter, as the market continued to rebound from a slowdown in 2009. A total of 56 deals worth at least $8.2 billion altogether closed in the first quarter of 2010, according to FactSet Mergerstat LLC, a subsidiary of Norwalk, Conn.-based FactSet Research Systems Inc. That compares with 47 deals worth at least $199 million in the same quarter of 2009. read more here

Colliers’ Merger Big for Denver: Colliers Bennett & Kahnweiler Inc. of Denver, one of the metro area’s largest commercial real estate brokerage firms, soon will have a new name. As part of the deal, Colliers plans to make metro Denver a hub for the company, according to Dylan Taylor, president of FirstService REA’s U.S. operations and located in Denver. read more here

Economic Recovery Stirs in Grand Junction: “We’ve certainly seen a turnaround and have been doing some hiring,” said Linda Spencer, human-resources manager at CoorsTek, one of the Grand Valley’s largest manufacturing businesses. read more here

Developer Moving Ahead with $80M Office Complex, Hotel near Anschutz Campus: A Kentucky-based developer is moving ahead with plans for an $80 million office building and hotel for a site on East Colfax Avenue near the Anschutz Medical Campus in Aurora, according to the company. read more here

 Posted by Patsy Brown at 5:21 pm  Tagged with: , ,

Patsy's Positive Perspective – February 2010

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Feb 242010
 

Case-Shiller Index: Denver home prices show annual increase for 1st time in 3 years: For the first time in three years, home prices in the Denver area showed a year-over-year increase in the latest S&P/Case-Shiller Home Prices Index. read more here

Colorado Foreclosure Sales Down 4% in 2009; Fewer Filings Lead to Sales: There were 20,437 home foreclosures completed in Colorado in 2009, down 4.1 percent from 2008′s total and down 18.4 percent from the peak year of 2007, the state’s Division of Housing reported February 4th. read more here

Commercial Real Estate Looking Up: Metro Denver’s commercial real estate market ended 2009 still hurting from turmoil in the financial markets and job losses — but key indicators say it hit bottom last year and is now poised for a slow recovery, according to a new report by CB Richard Ellis Inc. read more here

Metro Denver EDC Releases 2010 Economic Forecast: Denver Economic Development Corporation (Metro Denver EDC) presented the 2010 Economic Forecast for Metro Denver at Vectra Bank’s 17th Annual Economic Forecast Breakfast. Metro Denver’s economy fared better than many regions through the early months of recession. While employers in the seven-county region cut jobs at certain points in early 2008, the region also added net new jobs through the first three quarters of 2008. read more here

Colorado Springs Named #1 Best City: Outside Magazine named Colorado Springs the #1 Best City in America, based on the city’s cultural vibrancy, economic well-being, and overall quality of life. read more here

Powder Back in Snow Show as Industry Expo to Open in Colorado: Denver went to Las Vegas and beat the house, winning a major convention that yields its first financial jackpot at the end of January. The Snow Show, a high-powered annual gathering of ski-equipment and apparel representatives, is expected to inject at least $330 million into the local economy over its scheduled 11-year run in Denver. read more here

Homebuilders See a Resurgence in Smaller Simple Product: Shea Homes Colorado is rolling out its first new community at Reunion in four years. The homebuilder is using the Commerce City development as the local launching pad for a smaller, simpler product designed to appeal to younger, more mobile buyers. read more here

Denver One of Top Cities Where it’s Smarter to Buy: 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, per Forbes magazine. read more here

Special thanks to Shari Canon of Land Title Guarantee for providing the leads and links we share with you every month. Shari generously gives us rights to customizing, republication and distribution. Shari can be reached at Land Title Guarantee’s Cherry Creek office 303-321-1880.

 Posted by Patsy Brown at 6:50 pm  Tagged with: , , ,

Patsy's Positive Perspectives for January 2010

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Jan 212010
 

Denver Among Top US Cities for 2009 Home-Value Gain: Metro Denver had the third-largest gain in home values among cities nationwide in 2009 through November, with a $10.7 billion increase, according to Zillow Real Estate Market Reports. read more here

Juju: Colorado, Denver Among Nation’s Best Places to Find a Job: Denver is America’s eighth-best city for job seekers, and Colorado ranks No. 8 among the states, according to job search engine Juju.com. read more here

Jabs brings back American Furniture Warehouse to Grand Junction: American Furniture Warehouse is returning to Grand Junction. The Evergreen-based furniture store plans to open its 13th Colorado location on 20 acres. The store closed on the last two parcels of four parcels on the property on Thursday. The price of all four parcels together was about $9.9 million. read more here

Colorado Stocks Enjoyed Big Rebound in 2009: Colorado stock performance improved starkly over 2008, powered by federal stimulus funding and improved market confidence that resisted the notion that another depression loomed, analysts say. read more here

Rates on 30-Year Home Loans Fall to 5.09 Percent: WASHINGTON (AP) – Rates for 30-year home loans inched downward this week, the first decline in a month, but remained above last month’s record lows. read more here

Vinyl Toy Company Kidrobot to Make Boulder its Home: Kidrobot, a New York-based company known for its limited-edition vinyl toys and apparel, is moving its headquarters to Boulder. Paul Budnitz, the company’s founder and president, said that Kidrobot hopes to have the head office operational in Boulder by March or April. read more here

General Dynamics Opens Colorado Data Center; 100 Jobs Expected: A unit of giant defense contractor General Dynamics Corp. has opened a data center in Westminster to support its work for the Department of Homeland Security. read more here

 Posted by Patsy Brown at 8:56 pm  Tagged with: , , ,

Positive Perspective on Denver Housing Market – December 2009

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Dec 092009
 

Colorado Mortgage Rates Sink to 4.54%: Colorado home mortgage rates continue to sink this week, reaching 4.54 percent on a 30-year fixed loan Wednesday, according to Zillow Mortgage Marketplace. read more here

Kiewit Named Contractor for Denver Zoo’s $50M Asian Tropics Exhibit: The Denver Zoo said Monday it has selected Kiewit Building Group from among five bidders as general contractor for the zoo’s 10-acre Asian Tropics exhibit, the largest exhibit in its 113-year history. read more here

Colorado Unemployment at 6.9% in October, 3rd Straight Decline: Colorado’s unemployment rate fell slightly to 6.9 percent in October, the third consecutive monthly decline in joblessness and the lowest rate since January, the Colorado Department of Labor and Employment said November 20th. read more here

Realtors: Existing-Home Sales Rise in West, but Less than National Rate: Home resales in Colorado and other western states rose 1.6 percent in October from the previous month and are up 12 percent from a year earlier, the National Association of Realtors reported November 23rd. read more here

Region’s Cities Among Nation’s Best Performing: Northern Colorado ranked high in the nation and at the top for Colorado in the 2009 Best-Performing Cities index. read more here

Company Announcements Help Establish Base for Job Growth in Metro Denver: In Metro Denver, numerous company announcements over the past several months reflect the region’s strong business climate – even during recession – and will help establish a base for job growth as conditions improve, according to data compiled by the Metro Denver Economic Development Corporation (Metro Denver EDC) in its Monthly Economic Summary for November 2009. read more here

New Home Sales Rise in October: New home sales rose 6.2 percent in October compared to September, according to a report released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development. This increase was 5.1 percent above the October 2008 level. read more here

 Posted by Patsy Brown at 7:25 pm  Tagged with: , , , ,

Positive Perspective on Denver Housing Market – November 2009

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Nov 192009
 

Homebuyer Tax Credit Extended, Expanded: The House of Representatives passed legislation November 5th that would extend and expand the tax credit for first-time home buyers. read more here

Denver Home Resales Rebound in October: Metro Denver home resales increased in October from September, but were down from October of last year, according to a Metrolist Inc. housing report released Friday. read more here

Existing-Home Sales Jump 13% in West, 9.4% Nationwide: First-time homebuyers helped drive up existing home sales nationwide — and especially in the western states, including Colorado — according to the latest figures from the National Association of Realtors. In the West, including Colorado, existing-home sales jumped 13 percent to an annual level of 1.3 million in September — 5.7 percent higher than a year ago. read more here

Colorado Springs Makes Business Weeks ’40 Strongest’ List: Once again, Colorado Springs is in the spotlight for being a great place to live–but this time it’s not for the mountains, the view or the many places to hike, mountain bike or road bike. The Springs is on BusinessWeek’s 40 Strongest U.S. Metro Economies list. The Pikes Peak region ranked 24th on the list, which was compiled using data and analysis from  Brookings Institution’s new MetroMonitor study. read more here

SMA Solar Plant to Bring Hundreds of Jobs to Denver: SMA Solar Technology AG, the world’s largest manufacturer of a critical component in solar power generation, said Monday it will invest about $20 million in its first North American manufacturing plant — in Denver — expected to open in the first half of 2010. read more here

Cabela’s Plans Grand Junction Store: Cabela’s Inc. announced today that it will build a 75,000-square-foot store in Grand Junction, the Nebraska-based outfitter’s first retail outlet in Colorado. Work on the store, which will anchor the south end of Mesa Mall at U.S. highways 6 and 50, is expected to begin in early November with the opening in early summer 2010. read more here

Vail Resorts’ Sales of Season Passes Increase 13 Percent: Vail Resorts Inc.’s season-pass sales rose 13 percent in September as skiers eager for powder prepared to make tracks a year after the financial crisis. read more here

 Posted by Patsy Brown at 3:54 pm  Tagged with: , , ,

Positive Perspective on Denver Housing Market – October 2009

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Oct 212009
 

10 pos perspForbes Ranked Colorado Fourth Best State for Business: Forbes.com’s latest ranking of the best states for business ranks Colorado at No. 4, up from No. 6 last year. The ranking measures six categories for businesses: costs, labor supply, regulatory environment, current economic climate, growth prospects and quality of life. Colorado finished in the top 15 in four of the six main categories, including quality of its workforce (1st), prospects for growth (2nd), and economic climate. read more here

Denver Home Prices Rise Again, Getting Closer to 2008 Levels: Home prices in the Denver area rose in July for the fifth straight month, and prices are creeping closer to where they were a year ago, according to Standard & Poor’s closely watched S&P/Case-Shiller Home Prices Index. read more here

Vestas Hiring Workers for Brighton Plant, Plans Job Fair: Vestas Nacelles America Inc. is recruiting workers for its planned Brighton wind-power factory and will hold a career fair Thursday. Vestas announced last year it will build a $290 million plant in Brighton for assembling wind-turbine nacelles and making blades. The facility is expected to be in operation by next year. The blade factory will employ about 650 people and the nacelle plant will have about 700 employees, Vestas has said. read more here

Record Streak Continues for Pending Home Sales: Pending home sales have increased for seven straight months, the longest in the series of the index which began in 2001, according to the National Association of Realtors®.Lawrence Yun, NAR chief economist, said the housing market momentum has clearly turned for the better. “The recovery is broad-based across many parts of the country. Housing affordability has been at record highs this year with the added stimulus of a first-time buyer tax credit,” he said. read more here

Colorado Mortgage Rates Hit 4.9%, Lowest in Months: Mortgage rates in Colorado dipped to 4.9 percent Tuesday September 29th, their lowest level in several months, and were headed lower Wednesday, Zillow Mortgage Marketplace reported. Local rates for 30-year-fixed mortgages topped 5.3 percent in early August and have been heading more or less downward ever since, according to Zillow data. read more here

Is the Vail Valley Economy Starting to Rebound? The Vail Valley’s giddy boom days of 2007 are long past, but there may be some signs the local economy is starting to show some signs of life. read more here

Denver No. 7 as Youth Magnet: The Wall Street Journal enlisted the help of six experts to determine the 10 most attractive cities that for attracting young professionals, and profiled the top 5. Denver ranked No. 7. read more here

 Posted by Patsy Brown at 8:40 pm  Tagged with: , , ,

Positive Perspective for Denver's Housing Market – September 2009

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Sep 172009
 
Patsy's Positive Perspective Sept 2009

Patsy's Positive Perspective Sept 2009

Staying up-to-date and keeping a Positive Perspective on the Denver Housing Market, Patsy Brown shares the positive side of vital news highlights on topics covering Denver Real Estate, Colorado Real Estate, Local Job Market and Economy with this monthly newsletter.

Visit our media center for previous months and see her other articles and informative videos.

CNBC Rates Colorado #3 in America’s Top States for Doing Business: read more here

ABC News Rates Boulder as a Top 10 Place to Sell a Home in the Nation:  Median Home Value: $ 318,900, up 2 percent from a year ago.  Property values are up 2 percent compared with five years ago.  61 percent of homes are increasing in value  85 percent of homes were sold for a gain.  read more here

America’s Strongest Housing Markets – Boulder #1: Working with data from Zillow.com, BusinessWeek came up with the strongest housing markets by ranking metro areas based on the share of single-family homes for which values rose in the second quarter, compared with the second quarter of 2008. In the top-ranked metro, Boulder, an affluent Denver city that is home to the University of Colorado at Boulder, 59.39% of homes appreciated during the past year, and the median home value rose 2.12% on a year-over-year basis. read more here

Denver makes list of ’10 Best Places to Grow Up: Good news if you’re looking to raise a family in Denver. The Mile High City is number 6 on the list of “America’s 10 Best Places to Grow Up.” read more here

Study: Colorado 11th in State ‘Economic Performance’: Colorado ranks 11th best among the states in an evaluation of economic performance by the Pacific Research Institute, a free-market think tank. The report, issued August 18th, rates the states using a variety of yardsticks, including gross domestic product, disposable income, private-sector job growth, the poverty and unemployment rates, and in- or out-migration. read more here

Vestas Backs its $1 Billion Worth of Wind Projects in Colorado: When Vestas Wind Systems A/S — the world’s largest maker of wind turbines — decided to build a factory in Colorado, one of the first things it did was send some local hires to Europe. read more here

Consumer Sentiment Improves More than Expected in August: Consumer sentiment rose more than expected in August and expectations hit the highest level since the recession began, indications that Americans’ pessimism about the economy may be lifting. read more here

As an expert in the Denver Real Estate Market, Patsy Brown not only stays informed on the latest Denver Real Estate news as well as local and national Real Estate laws and regulations, she is a sought-after knowledgeable resource for her Buyer’s, Seller’s and fellow Realtors®. Let knowledge be among your deciding factors when choosing an agent to represent you.

 Posted by pTanino at 11:22 pm  Tagged with: , , , , ,

Positive Perspective on Denver's Housing Market

 Denver Real Estate News, Patsy's Positive Perspective  1 Response »
Aug 122009
 
Patsy's Positive Perspective

Patsy's Positive Perspective

Staying up-to-date and keeping a Positive Perspective on the Denver Housing Market, Patsy Brown shares the positive side of vital news highlights on topics covering Denver Real Estate, Colorado Real Estate, Local Job Market and Economy with this monthly newsletter.

Visit our media center for previous months and see her other articles and informative videos. You can download a printable copy of the August edition as shown on the left (link opens up a Word Document).

Denver Scores Best Month of 2009 for Home Resales: July home resales in metro Denver were the best of any month yet in 2009, but still down from the same month of 2008, according to Metrolist Inc. data released Friday by member brokers. read more here

Pending Home Sales Up for 5th Straight Month: WASHINGTON (Reuters) — Pending sales of previously owned homes rose at a faster-than-expected pace in June, a real estate trade group said August 4, more evidence the housing market was starting to claw out of a three-year slump. The National Association of Realtors said its Pending Home Sales Index, based on contracts signed in June, rose 3.6% to 94.6. It was the fifth straight month of advance and the first such streak in six years, the industry group said. read more here

Fed’s Beige Book: Region’s Economy Shows “further signs of stabilization”: The economy in Colorado and six neighboring states “showed further signs of stabilization in June,” the U.S. Federal Reserve reported Wednesday in its latest “Beige Book” survey of the region’s business executives. read more here

Louisville, Colorado Named “Best Place to Live”: LOUISVILLE, Colo. – A big honor for one of metro Denver’s smaller suburbs. CNNMoney.com has named Louisville the #1 “Best Place to Live” in America. Just a few miles east of the Rockies, CNNMoney says Louisville has the perfect location, charm and energy, and is “weathering the economic downturn well.” It cited the city’s high-tech, energy and health care industries which make Boulder County’s unemployment rate among the lowest in the state. read more here  

Grand Junction Home Prices, Sales on the Rise: The real estate roller coaster is beginning to chug uphill again after months of free falling. The median price of Grand Junction-area single-family homes that sold in the second quarter this year increased to $212,019 from $206,667 in the first quarter. The number of homes sold also increased from one quarter to the other, going from 306 to 504. read more here

ServiceMagic.com Plans to Hire up to 200: Online contractor listing service ServiceMagic.com said Monday it expects to hire up to 200 new employees at its Golden headquarters by year’s end. read more here

Greeley Recommended for Retirement Move: HOUSTON – Greeley is among eight affordable cities for relocating retirees profiled in the September/October 2009 issue of Where to Retire magazine. read more here

Westminster Seeks Development Proposals for Mall Area: The city of Westminster on Monday started seeking proposals from developers on creating a new, urban-type development on 108 acres anchored by Westminster Mall, one of metro Denver’s largest shopping centers. read more here

As an expert in the Denver Real Estate Market, Patsy Brown not only stays informed on the latest Denver Real Estate news as well as local and national Real Estate laws and regulations, she is a sought-after knowledgeable resource for her Buyer’s, Seller’s and fellow Realtors®. Let knowledge be among your deciding factors when choosing an agent to represent you.

 Posted by pTanino at 7:12 pm  Tagged with: , , , ,
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