GMIC, one of the federal agencies that tracks home markets, is reporting in its Jan. 1st, 2010 post that Denver and the surrounding area is the only improving real estate market in the country. It reports Denver as soft, but improving. MGIC tracks only major metropolitan cities, so no reporting for the smaller Front Range cities. As I reported last week, PMI, which tracks smaller cites also, rates Boulder-Ft. Collins as very stable with little chance of a decline in prices.

Property taxes are being sent out this week. If you have questions about your property tax for this year, call me for help -303-882-8830.

Good news at the FHA- FHA Commissioner David Stephens withstood political pressure to tighten FHA loan standards which would have caused even less home-buying credit to be available. FHA money will remain available under most of the same guidelines as it has been previously. But Stephens has announced that he will publically expose lenders that make too many bad loans. Bad loans- out of business. We could have used some of that in the past years in the lending industry.


Call me or email me with comments or questions. 303-882-8830, or lpurtell@wkre.com.

thanks for reading...

PMI U.S. Market Risk Index 2nd Quarter 2009

PMI, a federal gov't agency that tracks real estate markets, has published the quarterly risk ratings of U.S. cities. Boulder is cited as having a low risk of declining prices. On the other end of the spectrum are such markets such as cities in Florida and Nevada and California, showing high risk of further decline. These other markets have had very high appreciation in past years and now are suffering huge losses. This is the boom- bust syndrome. Boulder has always steadily appreciated at a modest rate and is not suffering decline. We have never had a boom-bust market here, thankfully.