Why Buffett Is Betting Big on Housing
An interview with Warren Buffet on housing recovery. Here is the Wall Street Journal video.
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Westminster Marched on Adding to 105 Acre Redevelopment Site
The Westminster Economic Development Authority (WEDA) is purchasing Sears in the former Westminster Mall Per the Metro Denver Economic Development Corporation. The acquisition would add 7.8 acres to the currently purchased urban redevelopment site. WEDA purchased the most of the 105-acre site last summer. The vision for the new urban center is a mix of retail, office and residential. The…
Continue Reading →Westminster Mall to be razed for a new downtown
The city of Westminster plans to demolish the blighted Westminster Mall to develop a downtown for the 100-year-old community. Read more: Westminster Mall to be razed for a new downtown – The Denver Post http://www.denverpost.com/business/ci_17978568#ixzz1LO897KPg Read The Denver Post’s Terms of Use of its content: http://www.denverpost.com/termsofuse
Continue Reading →9-News Video: Surveys Indicate Colorado banks under more stress
Two national surveys on bank health have found that many Colorado banks are under more financial stress banks than other states and they may have a thinner cushion to absorb bad bank loans. 9-News Video Link
Continue Reading →Housing Shortage Evident in the Supply of Apartments
Taking part in discussions and correspondences with other property managers nationwide, the shortage of rental housing is not limited the metro Denver area. Other managers are seeing record low vacancies low vacancies in their respected areas. The metro Denver single-family vacancies are at all time low of 2.% The shortage seems to be evident in the supply of apartments. The…
Continue Reading →Single Family Home Vacancies @ 2%
The vacancy rate for single-family homes/townhomes and condos is at all-time low of 2% during the 4th quarter of 2010 according to the Colorado Department of Housing. The average number of days to rent such homes dropped to 38.2 days from 53.9 days in the 4th quarter of 2009. Click here for the full report.
Continue Reading →Strong Commercial Investment In Denver
The Denver post reporting today that the commercial investment in Denver area has doubled this year over 2009. Full article is available at http://www.denverpost.com/business/ci_16938797
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