Real Estate Information Archive


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Free, Invitation only travel discounts

by Roberts Johnson and Rachel Diedrich, Real Estate B

Jetsetter provides exclusive access to insider travel deals by invitation only to our membership. Sales are limited time offers while availability lasts. Properties don't pay to be listed in our sales; they are hand-selected by our team of curators and our globetrotting correspondents.

First Come, First Served

Senators back extending homebuyer tax credit

by Roberts Johnson and Rachel Diedrich, Real Estate B

Great article from today's denver post:

WASHINGTON — The Senate has reached a broad bipartisan consensus on extending a lucrative tax credit for first-time homebuyers beyond the Nov. 30 deadline and expanding it to include some current homeowners, according to the Senate's Democratic leader.

Under the plan, people buying their first home would receive an $8,000 tax credit if they sign a contract by April 30 and close on it by June 30, the office of Senate Majority Leader Harry Reid, D-Nev., said Wednesday. Homeowners shopping for a new primary residence would be eligible for a $6,500 tax credit if they owned their home for five consecutive years in the previous eight.

In both cases, individuals who earn more than $125,000 annually and couples who earn more than $250,000 would not be eligible.

Reid and other supporters of the tax credit hope to attach their proposal to an unemployment-benefits bill that may reach the Senate floor this week if lingering issues are resolved about whether to also include two unrelated Republican amendments.

"We do expect this tax-credit plan to be a part of the unemployment bill at some point," said Regan La cha pelle, a spokeswoman for Reid.

The proposal is the latest of several regarding the tax credit that have been floated in recent days. Reid and others have been trying to cobble together a plan that would appeal to fiscal conservatives who have balked at the cost of the tax-refund program and want it to lapse by the end of next month, as scheduled.

Wednesday, Senate Minority Leader Mitch McConnell, R-Ky., said there is wide backing for the latest plan among Republicans, saying that "most members" support it and the underlying unemployment measure. But Don Stewart, his spokesman, warned that nothing is a done deal.

Senate Close to Deal Replacing Homebuyer Tax Credit

by Roberts Johnson and Rachel Diedrich, Real Estate B

Oct. 27 (Bloomberg) -- U.S. Senate leaders moved closer to an agreement replacing an expiring $8,000 tax credit for first- time homebuyers with a smaller one that would expand access to so-called step-up purchasers, two people familiar with the matter said.

The deal would reduce the size of the tax credit to 10 percent of the sale’s price, capped at $7,290, the people said. The credit would be available on home purchases that are under contract by April 30, and borrowers would have 60 days more to close the sale. The existing credit is due to end Nov. 30.

The new agreement, which is still being negotiated and may change, would grant the credit to borrowers who have lived in their current home for at least five years. Lawmakers want to keep home sales from slipping as the economy struggles to recover from the worst drop in home prices since the Great Depression.

The demand for new homes and condominiums may increase by “more than two times because you’re allowing step-up buyers into the equation,” said Andrew Parmentier, a managing partner at Height Analytics, a research firm in Washington. “ You just opened up a whole new pool of people who can buy into those empty homes and empty condos that were built out.”

The income eligibility for first-time homebuyers would remain the same at $75,000 for individuals and $150,000 for couples. The income criteria for step-up buyers would be $125,000 for individuals and $250,000 for couples.

The credit would be limited to homes costing $800,000 or less. There is currently no price cap on home purchases.

Unemployment-Benefits Bill

Lawmakers are trying to attach the legislation, which is also being considered by leaders in the House, to a bill extending unemployment benefits under debate on the Senate floor, said Richard Durbin of Illinois, the Senate’s No. 2 Democrat.

Senator Bill Nelson, a Florida Democrat, told reporters yesterday of the tax credit that “we should be able to extend that later this week.” Nelson was traveling with President Barack Obama on Air Force One to a speech in Jacksonville, Florida.

Lawmakers are also considering pairing the new homebuyer credit with a broader tax benefit for businesses with net operating losses, and passing that as a separate bill. The tax break, a priority for homebuilders, would allow companies to apply losses incurred in 2008 and 2009 to amend up to five years worth of earlier tax returns to get a refund of taxes paid in years when they were profitable.

That provision, along with the step-up, would be “extremely positive for the homebuilders,” Parmentier said.

A version of the benefit was included in February’s economic stimulus bill, though it was limited to companies with receipts under $15 million. Business groups, including the Washington-based National Association of Manufacturers and National Association of Home Builders, lobbied unsuccessfully to have the benefit expanded to larger companies.

To contact the reporters on this story: Dawn Kopecki in Washington at [email protected]; To contact the reporters on this story: Ryan J. Donmoyer in Washington at [email protected].

Denver Home Prices Rise for 6th Straight month!

by Roberts Johnson and Rachel Diedrich, Real Estate B


Denver-area home prices rose for the sixth consecutive month in August but were still lower than the same period a year ago.

Area housing prices were up 1 percent compared with July but down 1.9 percent compared with August last year, according to the Standard & Poor's/Case-Shiller home-price index.

Home prices in the 20 U.S. cities Case-Shiller tracks rose in August for a third straight month. The index increased 1 percent from July but was down 11.3 percent compared with the same period a year ago.

"Obviously, it's one more concrete sign of stabilization in the American housing market," said economist Jeff Thredgold of Vectra Bank Colorado. "A few months ago, they were down 18 or 19 percent."

The Denver area's numbers are better than the national numbers because the region didn't have the huge run-up in prices from 2003 to 2006 that some other areas did, Thredgold said.

"You're getting a very modest decline year-over-year," he said. "I suspect the Denver numbers are as good as any in the country."

But Charles Roberts, a broker with Your Castle Real Estate, said there is a vast difference between higher- and lower-priced homes.

"Above $400,000 is still a disaster, but under $250,000 is selling fast," he said. "At least some of that is driven by the $8,000 (first-time-buyer) tax credit. That spigot might have just turned off, and now we're going to have to live with the consequences of what's going to happen."

Economists have predicted the U.S. economy would return to growth during the second half of this year, Thredgold said. He expects the U.S. Commerce Department to make it official with its announcement Thursday of gross-domestic-product growth.

But with housing prices still tied to short sales and foreclosures, Jon Terry of Realty Professionals of America Inc. expects to see flat or slightly declining prices over the next months.

Margaret Jackson: 303-954-1473 or [email protected]

29 Gifts

by Roberts Johnson and Rachel Diedrich, Real Estate B

I just recently joined a worldwide giving movement called 29 Gifts--there are more than 5,000 others involved in 38 different countries. We are raising our collective voices to revive the giving spirit in the world and I hope you'll join me today. Our community has accomplished so much in just one year:

• We helped California 29 Gifts member Elysia Skye fund a much needed cancer-related surgery

• We sent Mbali Creazzo, our 29 Gifts Spiritual Advisor, on a humanitarian singing tour in South Africa, where she and her choir performed privately for Nelson Mandela and raised funds for lots of worthy causes
• We helped Charity Water build a well that will provide clean drinking water for an African village for decades to come.

The Challenge is so simple. Just sign up at and commit to give away 29 gifts in 29 days. Your 29 Gifts can be anything given to anyone... money, food, old sweaters, smiles, your time, kind words, positive thoughts, prayers...

WHY SHOULD YOU DO THIS? To inspire more generosity on our planet. Because to see our world change, we have to do something to change our world. Plus, the best way to attract abundance into your own life is to be in a perpetual state of giving and gratitude.

We believe there is strength in numbers, so we want to have 29,000 committed 29Givers on board by 10/29/09, which is why I hope you’ll say "YES" and join with me to offer your own gifts to the world. This means we need to inspire 25,000 more people to sign up for our 29-Day Giving Challenge right away to reach our goal.

Visit today and sign up to start your giving!


P.S. Be sure and pick up the new book by 29 Gifts Founder, Cami Walker. It's on sale at now. The title is 29 Gifts: How a Month of Giving Can Change Your Life. Cami's memoir is inspiring, uplifting and well worth the read.

Denver 2 for 1 Tics!

by Roberts Johnson and Rachel Diedrich, Real Estate B

The new DENVER 2 for 1 TIX program means great savings for you on last-minute tickets to music, theater, museums and much more. VISIT DENVER and DOCA (Denver Office of Cultural Affairs) are pleased to send you the first DENVER 2 for 1 TIX weekly email with 2 for 1 offer for the week of October 21st - October 27th.


If you would like to receive free weekly DENVER 2 for 1 TIX offers via email, please opt-in for future emails.  Then watch for a new DENVER 2 for 1 TIX email each Wednesday with great new 2 for 1 deals.

Recycle your Fall leaves in Denver!

by Roberts Johnson and Rachel Diedrich, Real Estate B

As leaves begin to fall, officials with Denver Recycles want residents to remember foliage can and should be recycled.

In an effort to encourage people not to trash their bags of racked leaves, LeafDrop locations set up annually are once again here.

Residents are first encouraged to reuse leaves by digging them into the garden, composting them or using a lawn mower to mulch small amounts into the lawn, all of which provide nutrients for the soil, said Becky Goyton, Denver Recycles administrator.

If that's not possible, residents can take leaves to a LeafDrop site. It's even better if residents use paper yard debris bags, found at most hardware and home improvement stores, so they can be composted with the leaves, Goyton said.

Here's a list of drop off locations:
When: 10 a.m.-4 p.m. Nov. 1, 8 and 15
Where: Northwest - Sloan's Lake Park, 17th Avenue and Sheridan Boulevard
Southwest - John F. Kennedy High School, Newland Street and Brown Place
East Central - Cranmer Park, 3rd Avenue and Clermont Street
Southeast - South High School, Louisiana Avenue and Franklin Street
Northeast - Smiley Middle School, 26th Avenue and Holly Street

When: 7 a.m.-2:30 p.m., Monday-Friday (closed holidays), Oct. 5-Dec. 4
Where: Havana Nursery, 10450 Smith Road, just south of Interstate 70 and Havana Street
Denver Solid Waste Transfer Station, 7301 E. Jewell Ave., Quebec Street and S. Cherry Creek Drive

For or to check for extreme weather cancellations details, go to or call 720-865-6810.

Too busy to find a home, Let us do the searching for you

by Roberts Johnson and Rachel Diedrich, Real Estate B

Sign up for free at!  We will email you a daily list of new listings that fit your specific criteria.  It easy, it saves you time, and it is free!

FREE Daily List of Bank Owned Denver Homes

by Roberts Johnson and Rachel Diedrich, Real Estate B

Want to find a great deal on your next real estate purchase?  Sign up for our free service and be notified of new bank owned home listings as soon as they hit the market.  Sign up for free at


Best Deal in Park Hill!

by Roberts Johnson and Rachel Diedrich, Real Estate B

Only $399,000!  3 Bedrooms, 3 Bathrooms, finished basement with extra high ceilings!  Granite counters, hardwood floors, vaulted ceilings, energy efficient.

Call Rachel for more information:  303.963.5335

Displaying blog entries 1-10 of 13

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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