DENVER (CBS4) ― “I think it’s terrible,” said a man in Green Valley Ranch.
The foreclosure rate there shows it’s the worst area of Denver. People know it and are feeling it.
“Yeah, I want to move,” says another homeowner.
But with so many bank owned homes, the market is so soft.
“There’s no way possible that […]

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The depressed housing market has cost people their jobs at RE/MAX. The Denver Business Journal reports 20 people at RE/MAX headquarters are out of work. The employees worked in public relations and the company’s charitable operations.
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Pueblo “is clearly paying a price” for the subprime mortgage mess, one of the region’s top housing consultant says. Moreover, the market may not rebound for another three years, even with an upturn in jobs, the consultant says. “We conclude that the market for new single family housing in Pueblo is […]

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A four-bedroom farmhouse in South Egremont, Mass.; a two-bedroom condo in Vail, Colo.; and a one-bedroom apartment in San Francisco.

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The Rocky Mountain News reports from Colorado. “New home construction in the Denver area last year fell to its lowest level in 16 years, as builders cranked down on construction because of a sluggish and overbuilt market. Permits for single-family homes dropped 34 percent to 10,986 in 2007, down from 16,263 in 2006, the Home […]

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The Daily Camera reports from Colorado. “The trucks and earthmovers have been out there so long that some Rock Creek residents joke that the construction zone along McCaslin Boulevard is beginning to resemble a training academy for heavy equipment operators rather than a building site. For 18 months, contractors for Calmante Rock Creek, a planned […]

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The Denver Post reports from Colorado. “Despite a concerted effort to reduce the tide of people losing their homes, foreclosures in Colorado shot up 40 percent in 2007 compared to 2006, according to a count from the Colorado Division of Housing. Public trustees in Colorado reported 39,915 foreclosures last year, including 10,955 in the fourth […]

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The Rocky Mountain News reports from Colorado. “After years of easy money, when people in the lending industry joked that all you needed was a pulse to get a loan with a low, initial teaser rate, lenders have returned to making sure borrowers are qualified to make payments. ‘Some of my loan officers I have […]

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