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Denver Home Prices Up 1.5% from March

by Roberts Johnson and Rachel Diedrich, Real Estate B

Case-Shiller Home Price Index

Metro area
April 2011 index
Change from March
Change from April 2010
Atlanta
101.95
1.6%
-3.5%
Boston
147.07
-0.2%
-4.2%
Charlotte
108.42
-0.3%
-6.6%
Chicago
110.12
-0.4%
-8.6%
Cleveland
97.69
1.2%
-6.8%
Dallas
113.38
0.5%
-4.0%
Denver
122.32
1.5%
-4.1%
Detroit
62.74
-2.9%
-7.5%
Las Vegas
96.47
-0.7%
-6.2%
L.A.
168.2
0.3%
-2.1%
Miami
136.99
-0.2%
-5.6%
Minneapolis
106.07
0.4%
-11.1%
New York
164.17
0.8%
-2.8%

Home prices in major U.S. cities have risen for the first time in eight months, boosted by an annual flurry of spring buyers.

The Standard & Poor's/Case-Shiller home-price index reported Tuesday that prices rose in 13 of the 20 cities tracked in April. Washington, D.C., saw the biggest price increases, followed by San Francisco, Atlanta and Seattle.

Still, six metro areas are at their lowest levels in the nearly four years. Those markets are: Charlotte, Chicago, Detroit, Las Vegas, Miami and Tampa.

Home prices in big metro areas have sunk to their lowest since 2002. Since the bubble burst in 2006, prices have fallen more than they did during the Great Depression.

The index, which covers metro areas that include about 50% of U.S. households, rose 0.7% in April, the first increase since July. The index measures sales of select homes in those cities compared with prices in January 2000 and provides a three-month average price. The April data are the latest available.

David Blitzer, chairman of Standard & Poor's index committee, cautioned that while the price index increase was a "welcome shift from recent months," much of the improvement was likely because of the beginning of the traditionally busy spring and summer home-buying seasons.

A delay in processing foreclosures is also a factor. Homes in foreclosure sell at a 20% discount on average, which can hurt prices in neighborhoods. But many foreclosures have been delayed while federal regulators, state attorneys general and banks review how those foreclosures were carried out over the past two years.

Even with the increase, housing remains the weakest part of the U.S. economy.

Sales of previously occupied homes sank in May to a seasonally adjusted annual rate of 4.81 million. That's far below the roughly 6 million sold in healthy housing markets. Since the housing boom went bust in 2006, sales have fallen in four of the past five years.

New-home sales haven't fared any better. They fell in May to a seasonally adjusted annual rate of 319,000 — fewer than half the 700,000 that economists say must be sold to sustain a healthy housing market. Sales of new homes have fallen 18% in the two years since the recession ended. Last year was the worst for new-home sales on records dating back half a century.

Larger down payment requirements, tougher lending standards and high unemployment are preventing people from buying homes. Many people who can afford to buy are holding off, worried that prices have yet to bottom out.

The depressed housing market has weighed on the broader economy. Declining home prices have kept people from selling their houses and moving to find jobs in growing areas. They have also made people feel less wealthy. That has reduced consumer spending, which drives about 70 percent of economic activity.

Copyright 2011 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Welton Street Farmers Market

by Roberts Johnson and Rachel Diedrich, Real Estate B

R & B’s Mo’ Betta Green MarketPlace 2011


The Five Points Business District is determined to make this farmers market the best farmers market on this side of the Mississippi and the best that Denver has ever seen!  The neighborhood we have chosen for our Farmers Market is Historic Five Points. There are 14,000+ households within walking/biking distance of our market.  These households are divided amongst a cluster of six neighborhoods (Five Points, Curtis Park, San Rafael, Whittier, City Park [West and North], and Cole).  There is a light rail stop conveniently located next to the market with access to bus routes and nearby street parking. 

Purpose:

It is our great pleasure to host the first established Farmers Market in the Historic Five Points Community for the 2011 season. Our purpose is to supply integris (traceable origin, organic, local, and delicious) food to our neighbors and friends while exposing them to: urban growers, backyard gardeners, food educators and demonstrators, health, wellness, nutrition and holistic experts, local musicians, artisans, and other cultural curators by providing a venue filled with fun in the sun and outdoor family activities. We are committed to running a sustainable operation that allows people to connect and form relationships with the local farmers who provide their food. Our vendors are the most important part of this market. We thank you so very much for participating. Our vendors are our partners in this venture. Please let us know what we can do to help you be successful.

Your participation in this market will assist with the mission to launch the first fresh food and community culture access point within the Northeastern portion of Denver’s Food Desert.

 

Debut Market: Saturday June 18, 2011
Hours: 9:00 am – 2:00 pm
Vendor Setup: 7:30 am - 8:30 am

Download Vendor Guide

(includes Vendor Application as well as Vendor Regulations and Agreement Form)

Please direct all inquiries, forms, and supplemental materials to - mbgvendors@gmail.com

For more information, contact:

Beverly D. Grant

grantbdee@gmail.com

303-293-0235

 

2011 Movies in the Parks Series

by Roberts Johnson and Rachel Diedrich, Real Estate B

Denver’s 2011 Movies in the Park Series has something for everyone. Bring the family or plan a night out with friends to see some of the brightest stars, both on the screen and in the sky. Entering the series’ sixth year, Denver Parks and Recreation, along with partners and sponsors, will host 14 free movies in parks across the city. These G-, PG- and PG -13 rated films start at sunset with plenty of pre-movie opportunities to play and dine.  In partnership with Outdoor Cinema Network, all movies will be shown in Blu-ray format on inflatable screens more than 24-feet wide and with a high-quality sound system. Visitors are encouraged to bring blankets or low-seating lawn chairs to enhance their viewing experience.  Picnics are welcome; food will also be available on-site. 

The complete schedule is as follows:

DATE

PARK

MOVIE

BROUGHT TO YOU BY:

Saturday, June 25

Governors Park

Beetle Juice

LaLa’s Wine Bar and Pizzeria

Sunday, June 26

Civic Center Park

Field of Dreams

CorePower Yoga & Drahota

Saturday, July 2

Skyline Park

How to Train Your Dragon

Southwest Airlines

Saturday, July 9

Skyline Park

Hairspray

Southwest Airlines

Sunday, July 10

Civic Center Park

E.T. The Extra Terrestrial

Kaiser Permanente & LiveWell Colorado

Wednesday, July 13

Lincoln Park

Despicable Me

Anonymous Donor

Saturday, July 16

Skyline Park

 Shrek Forever After

Southwest Airlines

Saturday, July 23

Skyline Park

 The Wizard of Oz

Southwest Airlines

Sunday, July 24

Civic Center Park

The Social Network

Foster Graham Milstein & Calisher, LLP

Saturday, July 30

Skyline Park

 Mega Mind

Southwest Airlines

Saturday, August 6

Skyline Park

Oceans

Southwest Airlines

Sunday, August 7

Civic Center Park

Ferris Bueller's Day Off

FirstBank

Saturday, August 13

Skyline Park

Secretariat

Southwest Airlines

Saturday, August 20

Skyline Park

Toy Story (The Original)

Southwest Airlines

For a complete list of park addresses or more information, visit www.denvergov.org/parksandrec.

For more details on the Civic Center Bike-In Movie Series, visit www.civiccenterconservancy.org.

For more details on the Mile High Movies in Skyline Park, visit www.downtowndenver.com.

Jazz in City Park Schedule

by Roberts Johnson and Rachel Diedrich, Real Estate B

Check out the schedule for The City Park Jazz Festival!  This is one of our favorite summer activities:  http://www.cityparkjazz.org/schedule.html

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

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