Real Estate Information Archive

Blog

Displaying blog entries 1-4 of 4

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

Experian: Lender may Want to Expand Borrowing Pool

by Roberts Johnson and Rachel Diedrich, Real Estate B

Experian: Lenders May Want to Expand Borrowing Pool

A new study estimates that 17.3 million prospects for new mortgages are being overlooked by lenders. Many of these prospects hold little credit history and, therefore, may be viewed as a risk to some lenders in making a loan.

Experian, a credit analytics provider, notes that lenders will need to widen their market base if they are to grow their portfolios. That may require lenders to expand who they're lending to, including finding creditworthy prospects who may have lower credit scores than the typical prime borrowers.

"Identifying near-prime borrowers is a trend in place for the last eight years, but lately there is a renewed focus as small- to medium-sized lenders get into the mortgage space more," Michele Pearson, vice president of product management at Experian, told HousingWire. "We want to give those folks a chance to identify those borrowers."

Otherwise, lenders may miss out on the potential to grow new mortgages at an estimated $3.86 billion, Experian estimated in a recent white paper.

Source: “Experian: Mortgage Lenders Looking to Draw Lower-Credit Borrowers,” HousingWire (May 8, 2012)

 

Having Good Schoold Nearby Improves Homes Values

by Roberts Johnson and Rachel Diedrich, Real Estate B

Having Good Schools Nearby Improves Home Values

Living near a high-scoring public school district can raise home values $205,000 higher compared to homes located in neighborhoods with low-scoring school districts, according to a new study by Brookings Institution. Brookings analyzed the nation’s 100 largest metro areas to find the differences between living near a high-scoring public school and a low-performing school.

“We think of public education as being free, and we think of the main divide in education between public and private schools,” Jonathan Rothwell, a senior research analyst at Brookings, told The New York Times. “But it turns out that it’s actually very expensive to enroll your children in a high-scoring public school.” The cost of living in a high-scoring public neighborhood can be higher than paying a private tuition at a school, researchers note.

Housing costs near high-scoring schools — those in the top one-fifth of schools in the area — were 2.4 times higher on average, or $11,000 more per year, than homes located in school districts in the bottom fifth, the study found.

“Some of the areas with the largest differences in housing costs also have the widest gaps in school test scores,” reports CNNMoney about the study’s findings.

Students from low-income families — classified as those who are eligible for free or reduced-price school lunches — were found to be more likely to attend schools that score in the 42nd percentile on state tests, according to Brookings. On the other hand, students from middle- to high-income households, on average, tend to attend schools that score in the 61st percentile.

Source: “Test Scores and Housing Costs,” The New York Times (April 19, 2012) and “Living Near Good Schools will Cost an Extra $200k,” CNNMoney (April 19, 2012)

 

Displaying blog entries 1-4 of 4

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!