March Real Estate News

YTD Market Statistics: (through February 28th, 2013)

Information and Real Estate Services and Metrolist. All reported sales were not necessarily listed or

sold by Four Star Realty and

 

Property Management, Inc. and are intended only to show trends in the area.

S&P/Case-Shiller Home Price Indices: Home Prices Closed Out a Strong 2012 

Data through December 2012, released On February 26th by S&P Dow Jones Indices for

its S&P/Case-Shiller1 Home Price Indices (one of the leading measures of U.S. home prices)

showed that all three headline composites ended the year with strong gains.

The national composite posted an increase of 7.3% for 2012. The 10-and 20-City

Composites reported annual returns of 5.9% and 6.8% in 2012.
In December’s report all three headline composites and 19 of the 20 cities gained

over their levels of a year ago. Month-over-month, 9 cities and both Composites

posted positive monthly gains. Seasonally adjusted, there were no monthly declines

across all 20 cities.
“Atlanta and Detroit posted their biggest year-over-year increases of 9.9% and 13.6%

since the start of their indices in January 1991. Dallas, Denver, and Minneapolis recorded

their largest annual increases since 2001. Phoenix continued its climb, posting an

impressive year-over-year return of 23.0%; it posted eight consecutive months

of double-digit annual growth.”

 

 3111 Galileo Lane
 Under Contract!
 Boulder, Colorado
 

 116 Jackson Drive
 Under Contract!
 Erie, Colorado

 3034 S Colorado Blvd
 $375,000
 Denver, Colorado

1300 Pennsylvania St
$199,000
Denver, Colorado

 Mortgage Type
 National
 Local
 15 Year Fixed
2.92%
2.75%
 30 Year Fixed Jumbo
4.12%
4.125%
 30 Year Fixed
3.58%
3.5%
 5/1 Arm
2.81%
2.75%
 5/1 Arm Jumbo
2.96%
2.875%
 FHA 30 Year Fixed
3.375%
3.25%
Examples and are based on market conditions as of February 26th, 2013. Local rates include 1 point paid to Lender. This is not a guarantee of any kind.  Interest Rates are subject to daily change based on market conditions and a variety of specific qualifications for borrowers.
 

Home buying, refinancing up sharply  BOULDER – Home-refinancing and home-buying activity increased 27.2 percent in Boulder County in 2012 compared with 2011, according to new deed-of-trust statistics from the Colorado Division of Housing. Read More

Foreclosures fall to pre-recession level   DENVER – Colorado’s foreclosure rate has returned to pre-recession levels, according to a report released Tuesday by the Colorado Division of Housing. In 2012, 28,579 foreclosures were started and 15,903 were completed across the state. That’s the fewest since 2006 and 2005, respectively, the report said  Read More

‘Seller’s Market’ Developing As Housing Inventory Hits A 13-Year Low  Most striking however is the fact that inventory has contracted to its lowest level since December 1999, more than 13 years ago. The number of available homes, which is not seasonally adjusted, fell 4.9% from December and is 25.3% lower than a year ago.Read More

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