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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

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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Boy Howdy What a Great Weekend!

by Roberts Johnson and Rachel Diedrich, Real Estate B

Boy Howdy Father’s Day was hot!  Rachel and I drove down to the Colorado Springs to have lunch and go on a hike in Garden of the Gods with her mom and dad for Father’s Day.  Two things conspired against us.  One, Rachel sprained her foot sometime last week, poor baby.  And two, it was just too hot to walk outside.  We did have a nice lunch and drove through the Garden of the Gods; the temperature gauge put the temperature at 100 Degrees!  We had a terrific time!  Garden of the Gods is beautiful and I can’t wait to go back when the weather is considerably cooler.

Be the 1st to get new listings.

Rachel’s foot was bothering her a little bit during the week but on Saturday morning when we got up her foot was really hurting.  Luckily her doctor’s office was open and we where the 1st ones in.  Doc said it was probably sprained but wanted us to get an X-ray.  Homes by email  Another stroke of luck, the X-ray place was open on Saturday too and we found out to foot was not broken!  Yea!  Bad part was we could not attend Doxypoluza in Jefferson County on Saturday, bummer!   Rachel had her foot iced all day while I attended to her needs!

How much is your home worth?

I had a closing on Friday and got a new client on Friday!  Need to keep up the momentum!  Thanks everyone for your ongoing help!  Would love a new client this week too!

Get your daily bank owned Denver homes

Have a great week!

Cool Denver Homes

Landlords Cash in on Higher Demand

by Roberts Johnson and Rachel Diedrich, Real Estate B

Landlords Cash in on Higher Demand

Taking advantage of an increase in home owners-turned-tenants, apartment landlords are raising their rents and expect to continue to do so.  Be the 1st to get new listings.

During the first quarter, monthly apartment asking rents increased 2.2 percent year-over-year, reaching an average of $1,070, according to Reis, a property research firm.

Vacancies are at lows and developers are trying to rush projects of multifamily housing to meet the increased demand from renters, but continued constraints on lending has put the brakes on many projects, particularly in smaller markets.  Homes by email

"I'm optimistic about the multifamily sector, certainly for the next two years," Kevin Thorpe, chief economist at Cassidy Turley, a commercial property brokerage, told Investor’s Business Daily. "We've entered a period of sustained rent growth.

The reason behind analysts’ optimism: Young professionals are increasingly turning to renting and more than 3 million former home owners, who have been displaced by foreclosures or short sales, are turning into renters. 

Get your daily bank owned Denver homes.

Demand for single-family home rentals is increasing too, according to CoreLogic. A four-month supply of single-family homes is now available for rent, which is down from five months a year ago, according to CoreLogic data.  How much is your home worth?

Source: “Rents Rise as Apartments See Demand,” Investor’s Business Daily (June 7, 2012)

Brought to you by Cool Denver Homes!

 

Signs of Sustained Recover Abound

by Roberts Johnson and Rachel Diedrich, Real Estate B

Signs of Sustained Recovery Abound

The various small businesses that drive the country's housing market are reporting signs that the industry may be making a real and sustained comeback.

At the start of this year's spring selling season, home builders and real estate professionals alike expressed optimism about the growing number of prospective buyers showing up at open houses and inquiring about current house listings. It now appears that interest has translated into sales in many markets.

Mark Prather, whose real estate agency, ERA Buy America Real Estate Services is on the border of Los Angeles and Orange counties, states, "We had a terrific March, better April, and May is going to be the best closing month since 2006."

Other success stories are being reported across the nation, as business is being driven by pent-up demand. Many people had put off buying a home since prior to the recession, and prices are lower after plummeting during the housing crisis. In addition, rising rents are making buying more attractive, and mortgage rates are at record lows. The National Association of Realtors states that more than 1.3 million previously occupied homes were sold from January through April—a 7 percent increase from more than 1.2 million a year ago.

Source: "Housing Market is Perking Up,"Buffalo News/Associated Press (06/11/12)

I have more information at Cool Denver Homes

 

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

 

FHA Hope Bulk Sales Will Curb Foreclosures

by Roberts Johnson and Rachel Diedrich, Real Estate B

FHA Hopes Bulk Sales Will Curb Foreclosures

The Federal Housing Administration announced it will begin selling off distressed mortgages in bulk, which may help prevent foreclosures for thousands of home owners. Beginning in September, FHA says it hopes to sell 5,000 mortgages each quarter.

The move will also help the FHA get rid of some of the 700,000 or so seriously delinquent mortgages that it holds. Many of those delinquent loans originated from 2007 and 2009, the height of the housing crisis.

Housing Secretary Shaun Donovan says there may be a greater opportunity for investors to buy the troubled loans and either reduce the principal on the loans or offer rent-to-own plans, thereby keeping more home owners in their homes.

Home owners whose loans are sold might one day get a call from someone saying “‘Hey, we’re willing to cut your payment dramatically, or cut the balance on your loan dramatically,” Donovan said. “There are going to be a set of options that might arrive on that doorstep as the best news that home owner has ever heard.”

Source: “U.S. Agency to Sell Off Loans to Stem Foreclosures,” 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.

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!