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Colorado Gives Day

by Roberts Johnson and Rachel Diedrich, Real Estate B

Today is Colorado Gives Day!  www.GivingFirst.org

Hi, Roberts Johnson with Cool Denver Homes.

It’s the third annual Colorado Gives Day.  www.GivingFirst.org, Last year $12.8 million was raised on this one day for Colorado charities!  If you don’t live in Colorado, Give Where You Live!  I have been lucky enough to have a good year and am going to participate in Colorado Gives Day.  I ask that you dig a little into your pockets and give!  It is the time of year when we can sit back and be thankful with what we have and think about others.  Consider it a present with a future!

 Please give and give generously!

Feel the love!  Spread the love!  Share the love!

Let me know what questions you may have about buying or selling a home, loans and anything else that you may have questions about.

www.303home.com is your ticket to finding your dream home.

www.yourdenverhomevalue.com is the site that lets you find out how much your house is worth.

www.bankowneddenverhomes.com  lets you sign up for a daily list of all the bank owned homes in the Denver Area.

www.cooldenverhomes.com is the main website with all sorts of good information on it.

Thanks and happy holidays!

Roberts

Happy Thanksfiving

by Roberts Johnson and Rachel Diedrich, Real Estate B

Happy Thanksgiving!

Hi, Roberts Johnson with Cool Denver Homes.

In this time of thanksgiving, I want to share what I’m thankful for this year.  I’m thankful for my wife, Rachel, the wonderful life we get to live together and our health.  I’m glad I waited as long as I did to get married!  I’m thankful that my dad is finally at rest and doesn’t have to suffer anymore.  I’m thankful that the housing market in Denver has significantly improved over the last year.  My business is booming!  And lastly, I am most thankful for having loving family, friends and clients!

Feel the love, People!

Let me know what questions you may have about homeownership, loans and anything else that you may have questions about.

www.303home.com is your ticket to finding your dream home.

www.yourdenverhomevalue.com is the site that lets you find out how much your house is worth.

www.bankowneddenverhomes.com  lets you sign up for a daily list of all the bank owned homes in the Denver Area.

www.cooldenverhomes.com is the main website with all sorts of good information on it.

Thanks and happy holidays!

Roberts

Denver Real Estate Market Hot

by Roberts Johnson and Rachel Diedrich, Real Estate B

Happy Wednesday afternoon!

Hi, Roberts Johnson, with Cool Denver Homes.

The real estate market in Denver and surrounding areas is hot right now!  I’m personally working with a half a dozen individuals and couples trying to buy right now.  What’s the reason you ask?  Uncertainty in the mortgage industry is one big reason.  Interest rates are still the lowest the have ever been and they may spike after the upcoming election; of course, no one for sure what will happen until after the election.  So with low interest rates along with low house prices combined with low inventory has created a little mini sellers market.  Some of the lower priced homes are now in the middle of a bidding war.  I’ve personally had buyers offer above asking price in hopes of securing a home and even then we were out bid several times before we were successful.

Good news for the Denver Area Real Estate Market!  Call me for more good information on how we can get you the Highest Dollar for your Home as well as help you find your Denver Area Dream Home.  We can also help you with Bank Owned Homes in the Denver Area.

And as usual, think of me when you have a Real Estate need, call, 303.525.7599 or email, roberts@cooldenverhomes.com

Thanks,

Roberts Johnson

www.CoolDenverHomes.com

www.303home.com

www.bankowneddenverhomes.com

www.yourdenverhousevalue.com                 

 

We service metro Denver including, Northwest Denver such as Lohi and northwest Highlands, Denver northeast such as Park Hill, Curtis Park and Stapleton.  Denver Southeast, Lowry, Washington Park, Cherry Creek and Country Club.  Denver Southwest, like Golden Triangle, Barnum and Baker and finally downtown Denver such as Lodo, Downtown Denver and Ball Park.

We also serve all cities around metro Denver.  Here is a list of cities: Arvada, Aurora, Broomfield, Castle Rock, Centennial, Cherry Hills Village, Commerce City, Denver, Edgewater, Englewood, Federal Heights, Glendale, Golden, Greenwood Village, Highlands Ranch, Lakeside, Lakewood, Littleton, Morrison, Northglenn, Parker, Thornton, Westminster, and Wheat Ridge.

7% vs 3.5% for a Monthly House Payment, Now is the Time To Buy!

by Roberts Johnson and Rachel Diedrich, Real Estate B

Happy Tuesday Morning.

I hope everyone had a great weekend!

Let talk about interest rates again.

Hi, Roberts Johnson with Cool Denver Homes.  Interest rates are continuing to stay at their lowest levels since mortgages were introduced in the 1050’s.  Just a few years ago, interest rates were at 7% and everyone thought it was such a great deal.  Now they are 3.5 to 4% for a 30 year fixed loan.  Well I want to show you the difference in a $200,000 loan at 7% and a $200,000 loan at 3.5%, which is half of what it was 3 or 4 years ago.  A $200,000 loan at 7% is $1330.60 a month.  That same loan today at 3.5%, will cost you $898.00 a month, a difference of $432.80 a month.  That’s more than a car payment in savings every month.

Find your Dream Home!

If you think you need help fixing your credit, contact me, I have lender’s that specialize in getting your credit back on track and then we can get you into a house.

How much is your house worth?

www.CoolDenverHomes.com

www.303home.com

www.bankowneddenverhomes.com

www.yourdenverhousevalue.com

We service metro Denver including, Northwest Denver such as Lohi and northwest Highlands, Denver northeast such as Park Hill, Curtis Park and Stapleton.  Denver Southeast, Lowry, Washington Park, Cherry Creek and Country Club.  Denver Southwest, like Golden Triangle, Barnum and Baker and finally downtown Denver such as Lodo, Downtown Denver and Ball Park.

We also serve all cities around metro Denver.  Here is a list of cities: Arvada, Aurora, Broomfield, Castle Rock, Centennial, Cherry Hills Village, Commerce City, Denver, Edgewater, Englewood, Federal Heights, Glendale, Golden, Greenwood Village, Highlands Ranch, Lakeside, Lakewood, Littleton, Morrison, Northglenn, Parker, Thornton, Westminster, and Wheat Ridge.

Interest Rates Lowest In History

by Roberts Johnson and Rachel Diedrich, Real Estate B

I just talked about bank owned homes the other day and at the end I said interest rates were low, low, low!  Well last night on the news it mentioned just how low they are right now.  I feel obligated to tell you about it again! 

Interest rates have dropped to the lowest they have been since long term-mortgages began in the 1950’s.  A 30-year fixed rate dropped to an average of 3.62%, mortgage buyer Freddie Mac said on Thursday, July 5, 2012.  A 15-year mortgage, a popular refinancing option, slipped to an average of 2.89%. 

First time home buyers, get off the fence!  Moms and Dads, if you have a kid that is responsible enough for a house, Help Them Get a House.  The reason I say that is to remind you of how high the interest rate was when you guys bought your first house!

Hey, I’m here to help!

Let me know of anything else that important to you, like location, price, # of bedrooms, number of bathrooms, etc.  I will get a search set up and we will arrange a time, through email or phone, to go take a look at a few.

I have lender’s standing by!  Good deals are still out there!

And remember, interest rates are low, low, low!

Now is the time!

www.CoolDenverHomes.com

www.BankOwnedDenverHomes.com

www.303home.com

www.yourdenverhomevalue.com

 

We service metro Denver including, Northwest Denver such as Lohi and northwest Highlands, Denver northeast such as Park Hill, Curtis Park and Stapleton.  Denver Southeast, Lowry, Washington Park, Cherry Creek and Country Club.  Denver Southwest, like Golden Triangle, Barnum and Baker and finally downtown Denver such as Lodo, Downtown Denver and Ball Park.

We also serve all cities around metro Denver.  Here is a list of cities: Arvada, Aurora, Broomfield, Castle Rock, Centennial, Cherry Hills Village, Commerce City, Denver, Edgewater, Englewood, Federal Heights, Glendale, Golden, Greenwood Village, Highlands Ranch, Lakeside, Lakewood, Littleton, Morrison, Northglenn, Parker, Thornton, Westminster, and Wheat Ridge.

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Record Low Rates Inaccessible to Many

by Roberts Johnson and Rachel Diedrich, Real Estate B

Record Low Rates Inaccessible to Many

Fixed-rate mortgages have been at all-time lows for nearly six weeks, increasing home buyers’ purchasing power and helping to trim home owners monthly mortgage payments—at least for those who qualify.

An increasing number of home buyers and refinancers say they are shut out of the cheaper borrowing conditions due to banks’ tightened lending standards, according to new data released last week by the Federal Reserve.

One Washington home owner with a top-notch credit score says he has been trying to refinance his mortgage but has been told “no” by banks because his mortgage is underwater. He told The New York Times that interest rates will at some point rise again, “and I should have been able to get those low rates. It’s not fair.”

“While low rates are supposed to encourage Americans to take more risks, ordinary Americans have been unwilling or unable to take advantage of them,” The New York Times notes in a recent article.

“There’s definitely winners and losers in this kind of extremely low interest rate environment,” Ed Yardeni, president of Yardeni Research, told The New York Times. “In this case, any borrower that has access to the capital markets and doesn’t have to fill out a loan application at a bank is definitely going to have a tremendous advantage.”

Many policy makers say a housing recovery will be put on hold until banks start lending more.

“The real problem is that relatively few borrowers meet the tougher standards of today even if they could benefit from refinancing, and that is the frustration,” Guy Cecala, publisher of Inside Mortgage Finance, told The New York Times. Cecala says that in 2003 there was nearly $4 trillion in mortgage originations (which includes home purchases and refinancing activity). However, in 2011, despite the lower mortgage rates, total originations were $1.4 trillion.

Source: “In Era of Cheap Money, Consumers Are Shut Out,” The New York Times (June 8, 2012)

I have more information at Cool Denver Homes

 

The REO Rental to Own Joint Venture Program Stats

by Roberts Johnson and Rachel Diedrich, Real Estate B

The REO- Rental to Own Joint Venture Program.

What the statistics show us.

Between the GSE, Government Sponsored Enterprise, and HUD, Department of Housing and Urban Development, there are more than 250,000 REO properties for this new program.

Fannie Mae, Freddie Mac, HUD has put about 2,500 home up for auction for the new REO-Rental Program.  Atlanta, GA, however has the highest number in the mix, 572 properties making up 23% of the total up this first sale.

1.75 million Homes are currently unoccupied.

Amherst Securities Group last fall suggested that there are more than 7 million shadowed properties.

 

Approximately 12 million homeowners, more than one out of five with a mortgage, are underwater. In

Georgia 30% of mortgages are in negative equity position.

 

1.3 million Consumer bankruptcies were filed in 2011

 

Nationally, house prices have plunged about 30% in nominal terms from their peak and nearly 40% in

Real (inflation-adjusted) terms. By some estimates, declines in house prices have reduced homeowners’

Equity by more than 50% in the aggregate since the peak of the housing boom, resulting in more than a

$7 trillion loss of household wealth.

 

Experts reported 2.8 million homeowners lost their home in 2009 with a forecast of 3.8 million during

2010 and 9 million over the next four years.

 

Three in 10 young adults live with parents, highest level since 1950s

 

Outstanding student loans are now about $870 billion, a bigger debt pile than credit card balances

($693 billion) and auto loans ($730 billion). And student debt was the only major loan category growing

in the middle of last year. What kind of balances do people carry into their 30s and 40s? The data shows

that most people (66%) who carry student debt are under 40. Sixty-two percent of borrowers have loan

balances under $25,000 and 43% have balances under $10,000. Of the 37 million borrowers who have

outstanding student loan balances as of third-quarter 2011, 14.4 percent, or about 5.4 million borrowers,

have at least one past due student loan account. Together, these past due balances sum to $85 billion, or roughly 10 percent of the total outstanding student loan balance.  The deferred student loans are not included in the past due balances.

Today’s life expectancy is 78.2.

40.3 million people are 65 and older with 10,000 turning 65 daily.  The south has the greatest number oat 14.9 million.

There are 7.4 million people age 75 – 79.

Those that are between 45 – 64 equal 81.5 million, 26.4 percent of the total U.S. population.

74.2 million people are between the ages of 18 – 44.

Information provided by Cathy McDaniel. 5/2012.

How Low Will Mortgage Rates Go?

by Roberts Johnson and Rachel Diedrich, Real Estate B

How Low Will Mortgage Rates Go?

For the second consecutive week, fixed-rate mortgages reached new all-time records lows, offering another big boost to home buyer affordability.

The 30-year fixed-rate mortgage averaged 3.83 percent for the week ending May 10, posting a new record low from last week’s 3.84 percent average. The 15-year fixed-rate mortgage also posted a new record, averaging 3.05 percent this week.

Here’s a closer look at mortgage rates for this week:

  • 30-year fixed-rate mortgages: averaged 3.83 percent, with an average 0.7 point, down from last week’s previous record of 3.84 percent. A year ago at this time, 30-year mortgages averaged 4.63 percent. The 30-year fixed-rate mortgage, the most popular choice among home buyers, has averaged below 4 percent for nearly every week — except for one — since Dec. 8, 2011, according to Freddie Mac.
  • 15-year fixed-rate mortgages: averaged 3.05 percent, with an average 0.7 point, dropping from last week’s previous record low of 3.07 percent. Last year at this time, the 15-year fixed-rate mortgage averaged 3.82 percent.
  • 5-year adjustable-rate mortgages: averaged 2.81 percent, with an average 0.5 point, dropping from last week’s 2.85 percent average. Last year, 5-year ARMs averaged 3.41 percent.
  • 1-year ARMs: averaged 2.73 percent, with an average 0.5 point, rising from last week’s 2.70 average. A year ago, 1-year ARMs averaged 3.11 percent.

Source: Freddie Mac

 

Top 5 Most Affordable Housing Markets

by Roberts Johnson and Rachel Diedrich, Real Estate B

Top 5 Most Affordable Housing Markets

Where is it cheapest to buy a home? Look in the Midwest for the bargains, according to a recent 24/7 Wall St. article, which used Realtor.com data to track the most affordable housing markets based on the lowest price per square footage.

“In general, the cities with the lowest real estate prices per square foot were cities that have suffered from poor economic conditions for some time,” 24/7 Wall St. notes in the article. “Many of these cities have begun to see interest from potential home owners and investors.”

The following cities have the lowest cost per square foot in the nation:

1. Detroit

Price per square foot: $62.45

Median list price: $84,900

2. Fort Wayne, Ind.

Price per square foot: $66.03

Median list price: $104,900

3. Toledo, Ohio

Price per square foot: $67.02

Median list price: $100,000

4. Indianapolis

Price per square foot: $68.56

Median list price: $133,000

5. Wichita, Kan.

Price per square foot: $69.04

Median list price: $129,900

The metro with the highest price per square footage? San Francisco, where the price per square foot averages $420.99, and the median list price is $611,700.

Source: “America’s Most and Least Affordable Cities to Buy a Home,” 24/7 Wall St. (April 23, 2012)

 

Nationwide Open House This Weekend, April 28-29

by Roberts Johnson and Rachel Diedrich, Real Estate B

Ready for Your Open House? Nationwide Event Starts April 28

With housing affordability at record highs, real estate professionals are hoping this year’s REALTOR® Nationwide Open House Weekend event will be a big jump-start to the spring buying and selling season for housing markets across the country. The REALTOR® Nationwide Open House Weekend will be held April 28 and 29, in which REALTORS® and real estate associations across the country and worldwide hold thousands of open houses in their local communities.

Nearly half of home buyers visit open houses during their home search, according to the 2011 Profile of Home Buyers and Sellers survey conducted by the National Association of REALTORS®.

The nationwide open house will allow buyers the opportunity to visit several homes in their area as well as learn more about home ownership. REALTORS® will be available at the open houses to talk about local market conditions as well as answer any questions about the buying process.

Housing in many markets has been showing signs of improvement in recent weeks. Mortgage rates continue to hover around record lows and with falling home values, affordability is at record highs.

Learn more about how you can prepare for your open house next weekend at REALTOR.com and REALTOR.org.

By Melissa Dittmann Tracey, REALTOR® Magazine Daily NewsN

 

Displaying blog entries 1-10 of 14

Contact Information

Photo of Roberts (Bobby) Johnson Real Estate
Roberts (Bobby) Johnson
Cool Denver Homes, Inc.
2314 Curtis Street
Denver CO 80205
Roberts Cell: (303) 525-7599
Fax: (303)9635335

Providing Real Estate Solutions Every Day!