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	<title>The D Blog</title>
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	<description>Denver area blog: Real Estate - Business - Colorado Living</description>
	<lastBuildDate>Mon, 14 May 2012 16:04:46 +0000</lastBuildDate>
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		<title>The D Blog</title>
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		<title>Homes Sales Picking Up In Low-To Mid-Price Range</title>
		<link>http://thedblog.com/2012/05/14/homes-sales-picking-up-in-low-to-mid-price-range/</link>
		<comments>http://thedblog.com/2012/05/14/homes-sales-picking-up-in-low-to-mid-price-range/#comments</comments>
		<pubDate>Mon, 14 May 2012 16:04:45 +0000</pubDate>
		<dc:creator>dherries</dc:creator>
				<category><![CDATA[Colorado Economy]]></category>
		<category><![CDATA[Real Estate]]></category>

		<guid isPermaLink="false">http://thedblog.com/?p=1744</guid>
		<description><![CDATA[Some real estate agents believe the market hit rock bottom in December and has begun a slow climb upward.  The growth has been more dramatic in some price points, specifically in the $200,000 to $350,000 price range.  Realtor Jenny Tempas said buyers have to act fast if they want to get their dream home, because [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=thedblog.com&#038;blog=9062336&#038;post=1744&#038;subd=realtycolorado&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
			<content:encoded><![CDATA[<p><strong></strong>Some real estate agents believe the market hit rock bottom in December and has begun a slow climb upward.  The growth has been more dramatic in some price points, specifically in the $200,000 to $350,000 price range.  Realtor Jenny Tempas said buyers have to act fast if they want to get their dream home, because there are fewer homes to choose from.  &#8220;A little over a year ago, we had more than 20,000 homes in inventory. Now, we&#8217;re down to just under 10,000,&#8221; she said.<br />
<a href="http://r20.rs6.net/tn.jsp?e=001rzQymySbhlTcIuZ0mtB4ZocjHJcgck3Fz_Zlr5xd8NYn-Bmp070M-FIXwysVz5M95dzCB2EdJCKPMDs5ah_F4wpY9a-RabQAjI7mT-O77McpgrXHF8tV5Asq46uBe_VFbOV7T5ZzhwINPTZYeyXyI7NF1eYZCxBA" target="_blank">Read article</a> &#8211; TheDenverChannel.com</p>
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		<title>Mortgage rates fall to new lows again</title>
		<link>http://thedblog.com/2012/05/10/mortgage-rates-fall-to-new-lows-again/</link>
		<comments>http://thedblog.com/2012/05/10/mortgage-rates-fall-to-new-lows-again/#comments</comments>
		<pubDate>Thu, 10 May 2012 15:48:45 +0000</pubDate>
		<dc:creator>dherries</dc:creator>
				<category><![CDATA[Mortgage News]]></category>

		<guid isPermaLink="false">http://thedblog.com/?p=1741</guid>
		<description><![CDATA[Average rates for 30-year and 15-year fixed mortgages fell to fresh lows this week.  Cheap mortgage rates have made home-buying and refinancing more affordable than ever for those who can qualify.  The average rate on 30-year loans ticked down to 3.83%.  The 15-year mortgage dropped to an average 3.05%, also a record. Read article &#8211; [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=thedblog.com&#038;blog=9062336&#038;post=1741&#038;subd=realtycolorado&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
			<content:encoded><![CDATA[<p><strong></strong>Average rates for 30-year and 15-year fixed mortgages fell to fresh lows this week.  Cheap mortgage rates have made home-buying and refinancing more affordable than ever for those who can qualify.  The average rate on 30-year loans ticked down to 3.83%.  The 15-year mortgage dropped to an average 3.05%, also a record.<br />
<a href="http://r20.rs6.net/tn.jsp?e=001iYLK2VWsV6Ljq60V3IR-eC36qKZwLhdRA6IOrml4Q5xpFTPtBXD1wvlHdpdhz5FVW7BRCSA67pXVix1lthAXPZ3tUNO8n8a6rqQ8qbpr7kHn3mTnw89z2kTL760infPoc2dWhSxszE7uy1LeT5tS07y59-xZQLH_JdJS0hte6tZ3DHS4PFpJLmfcjCWXe168" target="_blank">Read article</a> &#8211; USA Today</p>
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			<media:title type="html">dherries</media:title>
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		<title>CoreLogic reports higher home prices in Denver area</title>
		<link>http://thedblog.com/2012/05/08/corelogic-reports-higher-home-prices-in-denver-area/</link>
		<comments>http://thedblog.com/2012/05/08/corelogic-reports-higher-home-prices-in-denver-area/#comments</comments>
		<pubDate>Tue, 08 May 2012 15:48:35 +0000</pubDate>
		<dc:creator>dherries</dc:creator>
				<category><![CDATA[Colorado Economy]]></category>
		<category><![CDATA[Real Estate]]></category>

		<guid isPermaLink="false">http://thedblog.com/?p=1738</guid>
		<description><![CDATA[Home prices in metro Denver continued the climb upwards in March, beating both the state and national numbers, according to the most recent home price index (HPI) report from CoreLogic released Tuesday.  In the Denver-Aurora-Broomfield area, the HPI increased by 3.5% from March 2011.  That index included sales of distressed properties.  That HPI also showed [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=thedblog.com&#038;blog=9062336&#038;post=1738&#038;subd=realtycolorado&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
			<content:encoded><![CDATA[<p><strong></strong>Home prices in metro Denver continued the climb upwards in March, beating both the state and national numbers, according to the most recent home price index (HPI) report from CoreLogic released Tuesday.  In the Denver-Aurora-Broomfield area, the HPI increased by 3.5% from March 2011.  That index included sales of distressed properties.  That HPI also showed a greater increase than February&#8217;s year-over-year increase of 1.6% for all sales, including distressed (i.e., short sales REOs).  The metro Denver area&#8217;s index without distressed properties increased 2.3% in March from a year ago.<br />
<a href="http://r20.rs6.net/tn.jsp?e=001lvCuLKHuuRMZLGMSd7Ix8a4UUi-xc6tTz-U4i3ISZ9D2R_WwHZXFXWOVsEMi4O-8WUMTR171HJ47xaGARyV4LgOmXL5Jwa4oGp6eskGVl9_8GiPxkyTPYUkZqb8NwIuUIapOImxqFgNfa3Cqp4TVaysk2ePY1t8cxepMKyypHX-uGxPgjbk9JPO4c-28aJ2KEb2N4haXNYbER9jazrzMUg==" target="_blank">Read article</a> &#8211; Denver Business Journal</p>
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			<media:title type="html">dherries</media:title>
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		<title>Low-ball Offers a Thing of the Past?</title>
		<link>http://thedblog.com/2012/04/25/low-ball-offers-a-thing-of-the-past/</link>
		<comments>http://thedblog.com/2012/04/25/low-ball-offers-a-thing-of-the-past/#comments</comments>
		<pubDate>Wed, 25 Apr 2012 16:09:35 +0000</pubDate>
		<dc:creator>dherries</dc:creator>
				<category><![CDATA[Real Estate]]></category>

		<guid isPermaLink="false">http://thedblog.com/?p=1736</guid>
		<description><![CDATA[According to a NAR survey this March of 4,500 agents and brokers, no REALTORS® complained about low-ball offers.  The main problem nowadays: The sudden drop in inventory of for-sale homes has led to fewer homes available to sell.  For home buyers who still think they have a chance of hitting it lucky with a low-ball [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=thedblog.com&#038;blog=9062336&#038;post=1736&#038;subd=realtycolorado&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
			<content:encoded><![CDATA[<p><strong></strong>According to a NAR survey this March of 4,500 agents and brokers, no REALTORS® complained about low-ball offers.  The main problem nowadays: The sudden drop in inventory of for-sale homes has led to fewer homes available to sell.  For home buyers who still think they have a chance of hitting it lucky with a low-ball offer, they&#8217;re finding in many markets that their offers are more often being rejected or countered closer to the original asking price.</p>
<p><a href="http://r20.rs6.net/tn.jsp?e=001dOX4YPr98Zi8P9YRkAeJ5fuR-lYUkV3-cHqx0uOh_ezQrfWZoMuo9BysRG7yx4AY-BuwPuIeVWIrvfwjZ05Ge4oEOOtvCZ7IGagT6bGl3FCgKzTBeX4RVYalmNdysnf_BUugH9t4KIm6UkYZFgC6pdy5Ssp-DwueCk45bztp9zLpoDieKuQ3NBO18y2Z8vF6bCF6hP4HApU=" target="_blank">Read article</a> &#8211; Realtor Magazine</p>
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			<media:title type="html">dherries</media:title>
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		<title>Denver: #2 hottest housing market in the country</title>
		<link>http://thedblog.com/2012/04/20/denver-2-hottest-housing-market-in-the-country/</link>
		<comments>http://thedblog.com/2012/04/20/denver-2-hottest-housing-market-in-the-country/#comments</comments>
		<pubDate>Fri, 20 Apr 2012 16:08:01 +0000</pubDate>
		<dc:creator>dherries</dc:creator>
				<category><![CDATA[Colorado Economy]]></category>
		<category><![CDATA[Real Estate]]></category>

		<guid isPermaLink="false">http://thedblog.com/?p=1734</guid>
		<description><![CDATA[Denver may be the exception to the downturn in the real estate market.  A recent report puts the Mile High City at #2 in the nation for the short length of time a house stays on the market.  It&#8217;s great news for sellers, but buyers say there&#8217;s no time to wait if they find a [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=thedblog.com&#038;blog=9062336&#038;post=1734&#038;subd=realtycolorado&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
			<content:encoded><![CDATA[<p><strong></strong>Denver may be the exception to the downturn in the real estate market.  A recent report puts the Mile High City at #2 in the nation for the short length of time a house stays on the market.  It&#8217;s great news for sellers, but buyers say there&#8217;s no time to wait if they find a house they like.  Scott Peterson is a real estate agent and hasn&#8217;t seen the market this tight since before the housing bubble burst.  &#8220;I&#8217;ve been in real estate for six years and I&#8217;ve never seen anything like it,&#8221; said Peterson. &#8220;The lack of inventory and large demand is really what&#8217;s driving up prices.&#8221;<br />
<a href="http://r20.rs6.net/tn.jsp?e=001T3ZVpbg4UoWxAk8NipZV4SK4_LUcL760sS69QPMpKA0haAEni4bF91LOo5-5jkdINtHJ9oU_h7Ln0aJhw8un0A-YSXkvigzaI0HVZD62t-XXrmd-UvQDwQGD8IPHhx3j_193xBc7NFa1edTQTUHBqPwegl9VaZagknPw0aN6_rbBaCGv7fqKBvJKOAuEG9SfVY5icVCRMKM=" target="_blank">Read article</a> &#8211; CBS Denver</p>
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		<title>Denver Housing Market Favoring Sellers</title>
		<link>http://thedblog.com/2012/04/19/denver-housing-market-favoring-sellers/</link>
		<comments>http://thedblog.com/2012/04/19/denver-housing-market-favoring-sellers/#comments</comments>
		<pubDate>Thu, 19 Apr 2012 16:35:08 +0000</pubDate>
		<dc:creator>dherries</dc:creator>
				<category><![CDATA[Colorado Economy]]></category>
		<category><![CDATA[Real Estate]]></category>

		<guid isPermaLink="false">http://thedblog.com/?p=1732</guid>
		<description><![CDATA[Metro Denver&#8217;s real estate market, not along ago a buyer&#8217;s domain, suddenly has shifted to a seller&#8217;s paradise, at least in some neighborhoods and price ranges.  Realtors&#8217; offices are rife with fresh anecdotes of sellers happily cherry-picking from multiple offers &#8211; some of them above asking price.  A new report shows that Denver is #2 [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=thedblog.com&#038;blog=9062336&#038;post=1732&#038;subd=realtycolorado&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
			<content:encoded><![CDATA[<p>Metro Denver&#8217;s real estate market, not along ago a buyer&#8217;s domain, suddenly has shifted to a seller&#8217;s paradise, at least in some neighborhoods and price ranges.  Realtors&#8217; offices are rife with fresh anecdotes of sellers happily cherry-picking from multiple offers &#8211; some of them above asking price.  A new report shows that Denver is #2 in the nation for the shortest time a home stays listed &#8211; 33 days &#8211; far below the national median time of 89 days.  Unsold homes on the market totalled 10,325 at the end of March &#8211; a 42% drop from March of 2011.</p>
<p><a href="http://business-news.thestreet.com/denver-post/story/denver-housing-market-favoring-sellers/1" target="_blank">Read the article: </a></p>
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		<title>10 home maintenance tips for spring</title>
		<link>http://thedblog.com/2012/04/10/10-home-maintenance-tips-for-spring/</link>
		<comments>http://thedblog.com/2012/04/10/10-home-maintenance-tips-for-spring/#comments</comments>
		<pubDate>Tue, 10 Apr 2012 15:18:28 +0000</pubDate>
		<dc:creator>dherries</dc:creator>
				<category><![CDATA[Home Ownership Tips]]></category>

		<guid isPermaLink="false">http://thedblog.com/?p=1728</guid>
		<description><![CDATA[When was the last time you checked your foundation vents? By Paul Bianchina Inman News® The sun is peeking out and the plants are starting to blossom, so it must be about time for spring chores again. Here&#8217;s my annual spring checklist of important issues to tend to around the house. 1. Roofing repairs: If you [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=thedblog.com&#038;blog=9062336&#038;post=1728&#038;subd=realtycolorado&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
			<content:encoded><![CDATA[<p><strong>When was the last time you checked your foundation vents?</strong></p>
<p>By Paul Bianchina<br />
<a href="http://www.inman.com/" target="_blank">Inman News®</a></p>
<p>The sun is peeking out and the plants are starting to blossom, so it must be about time for spring chores again. Here&#8217;s my annual spring checklist of important issues to tend to around the house.</p>
<p>1. <strong>Roofing repairs</strong>: If you suspect winter storms may have damaged your roof, it needs to be inspected. (If you&#8217;re not comfortable with the height or steepness of your roof, hire a licensed roofing contractor for the inspection.) Look for missing or loose shingles, including ridge-cap shingles.</p>
<p>Examine the condition of the flashings around chimneys, flue pipes, vent caps, and anyplace where the roof and walls intersect. Look for overhanging trees that could damage the roof in a wind storm, as well as buildups of leaves and other debris.</p>
<p>If you have roof damage in a number of areas, or if older shingles makes patching impractical, consider having the entire roof redone. Also, remember that if the shingles have been damaged by wind or by impact from falling tree limbs, the damage may be covered by your homeowners insurance.</p>
<p><span id="more-1728"></span>2. <strong>Check gutters and downspouts</strong>: Look for areas where the fasteners may have pulled loose, and for any sags in the gutter run. Also, check for water stains that may indicate joints that have worked loose and are leaking. Clean leaves and debris to be ready for spring and summer rains.</p>
<p>3. <strong>Fences and gates</strong>: Fence posts are especially susceptible to groundwater saturation, and will loosen up and tilt if the soil around them gets soaked too deeply. Check fence posts in various areas by wiggling them to see how solidly embedded they are.</p>
<p>If any are loose, wait until the surrounding soil has dried out, then excavate around the bottom of the posts and pour additional concrete to stabilize them. Replace any posts that have rotted.</p>
<p>4. <strong>Clear yard debris</strong>: Inspect landscaping for damage, especially trees. If you see any cracked, leaning or otherwise dangerous conditions with any of your trees, have a licensed, insured tree company inspect and trim or remove them as needed.</p>
<p>Clean up leaves, needles, small limbs and other material that has accumulated. Do any spring pruning that&#8217;s necessary. Remove and dispose of all dead plant material so it won&#8217;t become a fire hazard as it dries.</p>
<p>5. <strong>Fans and air conditioners</strong>: Clean and check the operation of cooling fans, air conditioners and whole-house fans. Shut the power to the fan, remove the cover and wash with mild soapy water, then clean out dust from inside the fan with a shop vacuum &#8212; do not operate the fan with the cover removed.</p>
<p>Check outdoor central air conditioning units for damage or debris buildup, and clean or replace any filters. Check the roof or wall caps where the fan ducts terminate to make sure they are undamaged and well sealed. Check dampers for smooth operation.</p>
<p>6. <strong>Check and adjust sprinklers</strong>: Run each set of in-ground sprinklers through a cycle, and watch how and where the water is hitting. Adjust or replace any sprinklers that are hitting your siding, washing out loose soil areas, spraying over foundation vents, or in any other way wetting areas on and around your house that shouldn&#8217;t be getting wet.</p>
<p>7. <strong>Check vent blocks and faucet covers</strong>: As soon as you&#8217;re comfortable that the danger of winter freezing is over, remove foundation vent blocks or open vent covers to allow air circulation in the crawl space.</p>
<p>While removing the vent covers, check the grade level around the foundation vents. Winter weather can move soil and create buildups or grade problems that will allow groundwater to drain through the vents into the crawl space, so regrade as necessary. Remove outdoor faucet covers. Turn on the water supply to outdoor faucets if it&#8217;s been shut off.</p>
<p>8. <strong>Prepare yard tools</strong>: Replace broken or damaged handles, and clean and condition metal parts. Tighten fittings and fasteners, sharpen cutting tools and mower blades, and service engines and belts in lawn mowers and other power equipment.</p>
<p>9. <strong>Change furnace filters</strong>: Now is the time to replace furnace filters that have become choked with dust from the winter heating season. This is especially important if you have central air conditioning, or if you utilize your heating system&#8217;s fan to circulate air during the summer.</p>
<p>10. <strong>Check smoke detectors</strong>: Daylight Savings Time snuck up early again this year, and that&#8217;s usually the semi-annual reminder to check your smoke alarms. So if you haven&#8217;t already done it, now&#8217;s the time. Replace the batteries, clean the covers, and test the detector&#8217;s operation before it&#8217;s too late.</p>
<p>If you have gas-fired appliances in the house, add a carbon monoxide detector as well (or check the operation of your existing one). CO2 detectors are inexpensive and easy to install, and are available at most home centers and other retailers of electrical parts and supplies.</p>
<p><em>Remodeling and repair questions? Email Paul at <a href="mailto:paulbianchina@inman.com">paulbianchina@inman.com</a>. </em><em>All product reviews are based on the author&#8217;s actual testing of free review samples provided by the manufacturers.</em></p>
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		<title>Home-sales Numbers for Denver area Shows Lots of Upward Movement</title>
		<link>http://thedblog.com/2012/04/09/home-sales-numbers-for-denver-area-shows-lots-of-upward-movement/</link>
		<comments>http://thedblog.com/2012/04/09/home-sales-numbers-for-denver-area-shows-lots-of-upward-movement/#comments</comments>
		<pubDate>Mon, 09 Apr 2012 17:05:36 +0000</pubDate>
		<dc:creator>dherries</dc:creator>
				<category><![CDATA[Colorado Economy]]></category>
		<category><![CDATA[Real Estate]]></category>

		<guid isPermaLink="false">http://thedblog.com/?p=1725</guid>
		<description><![CDATA[One word describes real estate analyst Gary Bauer&#8217;s metro Denver home sales report for March: &#8220;up.&#8221;  Inventory is up. Activity is up, with more sales and more contracts being written. And prices are up.  &#8220;On a percentage change basis, for March&#8217;s month-over-month, this is the second best report in all the records that I have [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=thedblog.com&#038;blog=9062336&#038;post=1725&#038;subd=realtycolorado&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
			<content:encoded><![CDATA[<p><strong></strong>One word describes real estate analyst Gary Bauer&#8217;s metro Denver home sales report for March: &#8220;up.&#8221;  Inventory is up. Activity is up, with more sales and more contracts being written. And prices are up.  &#8220;On a percentage change basis, for March&#8217;s month-over-month, this is the second best report in all the records that I have going back to 1985,&#8221; said Bauer.</p>
<p>The inventory of homes for sale rose 2% in March from February, to 10,325 homes.  Buyers put contracts on 5,328 homes in March, a 28% increase from the prior month and a 49% increase from March 2011.  Average sales price for condos and homes went up to $259,422 &#8211; a 5% hike from February and a 4% jump from the average price in March 2011.<br />
<a href="http://r20.rs6.net/tn.jsp?e=001gsjd7pNq6g4TTwMg2So1jJS-Ta4wJUX-k1GPmD-sHnapCRaVFPBE6dEwCyqtjXze4Wx4uoWlUsspGJC452SbCxUYhUoOxrHl1C2lWrgA99x4_DUT2YXu9aZNycdqTO6Pz4Tbf7zP5SZUSVDu9DX4P3u__XybQO_gPfiboRC9CJwOHq9k6NjND5hcLF4jlhxwmVZ5QHFOiHYM-2WmZqLfYnsbEM0ELqFu" target="_blank">Read article</a> &#8211; Denver Business Journal</p>
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		<title>Expectations rising for housing market&#8217;s spring season</title>
		<link>http://thedblog.com/2012/04/02/expectations-rising-for-housing-markets-spring-season/</link>
		<comments>http://thedblog.com/2012/04/02/expectations-rising-for-housing-markets-spring-season/#comments</comments>
		<pubDate>Mon, 02 Apr 2012 16:11:54 +0000</pubDate>
		<dc:creator>dherries</dc:creator>
				<category><![CDATA[Real Estate]]></category>

		<guid isPermaLink="false">http://thedblog.com/?p=1723</guid>
		<description><![CDATA[The spring home-selling season could be the strongest in years and may foreshadow which markets will lead the housing industry in recovery, economists say.  Denver prices rose 0.2% in January year-over-year, the Standard &#38; Poor&#8217;s Case-Shiller index shows. Of 20 cities, only Denver, Phoenix and Detroit posted annual gains, S&#38;P says. While last year was [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=thedblog.com&#038;blog=9062336&#038;post=1723&#038;subd=realtycolorado&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
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<li><a href="http://i.usatoday.net/money/_photos/2012/04/01/High-expectations-as-spring-home-buying-begins-1G17QFBB-x-large.jpg"><img src="http://i.usatoday.net/money/_photos/2012/04/01/High-expectations-as-spring-home-buying-begins-1G17QFBB-x.jpg" alt="New homes for sale in Pepper Pike, Ohio, near Cleveland." width="245" height="184" border="0" /></a></li>
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<p>The spring home-selling season could be the strongest in years and may foreshadow which markets will lead the housing industry in recovery, economists say.  Denver prices rose 0.2% in January year-over-year, the Standard &amp; Poor&#8217;s Case-Shiller index shows. Of 20 cities, only Denver, Phoenix and Detroit posted annual gains, S&amp;P says.</p>
<p>While last year was dismal for existing home sales, this year is looking better.  Existing home sales in February were up 9% from the same time a year ago, as was the Pending Home Sale Index, which reflects signed contracts leading to sales, says the National Association of Realtors.  Meanwhile, Realtors&#8217; confidence in the single-family home market is the highest in four years.<br />
<a href="http://r20.rs6.net/tn.jsp?e=0012QnmDXsNwjef_az1-n7ymu6Vl9njsxiXg9iRVQqZgqBKApPE1TZtCltTZhqdfwm-qIlskUnV9ScYUAIobHXZ02EBKGkzzSso5HkNDSXHAOxjvhXgu9KzTMeKL1ActVD96yUtAlZ3Nw7zcMKeyY7E-xo381AxYWoTCl84W6zlXr78uOjr4X6F5_3WFA3qN-iRqjkz2pPMvyjxuOhTkVW0YwO7bwl2I3Lh" target="_blank">Read article</a> &#8211; USAToday</p>
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			<media:title type="html">New homes for sale in Pepper Pike, Ohio, near Cleveland.</media:title>
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		<title>Luxury home market improves in Denver</title>
		<link>http://thedblog.com/2012/03/19/luxury-home-market-improves-in-denver/</link>
		<comments>http://thedblog.com/2012/03/19/luxury-home-market-improves-in-denver/#comments</comments>
		<pubDate>Mon, 19 Mar 2012 18:51:59 +0000</pubDate>
		<dc:creator>dherries</dc:creator>
				<category><![CDATA[Real Estate]]></category>

		<guid isPermaLink="false">http://thedblog.com/?p=1720</guid>
		<description><![CDATA[Denver Business Journal by Dennis Huspeni, Reporter Metro Denver’s luxury home market improved slightly in February from the same month last year, but the low inventory of homes might be hurting the market as the spring buying season nears, according to the report Coldwell Banker Residential Brokerage    released Friday. Thirty-one homes, with a selling price of more [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=thedblog.com&#038;blog=9062336&#038;post=1720&#038;subd=realtycolorado&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
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<h4>Denver Business Journal by Dennis Huspeni, Reporter</h4>
<div><a href="http://ad.doubleclick.net/imp;v7;j;253916733;0-0;0;17652941;0/0;46806387/46822815/1;;%7Eaopt=2/1/c7/0;%7Eokv=;at=daily;pageid=7647981;pos=wel;dcopt=ist;tile=9;kw=denver;page=7647981;vs=residential_real_estate;co=3293235;co=3327483;sz=1x1;bsg=1419546;bsg=1418586;bsg=1417626;bsg=1424586;bsg=1435986;;%7Ecs=r%3fhttp://s0.2mdn.net/2916436/Deloitte_ROS_Feb2012_v1.htm?t=10&amp;cT=http%3A//ad.doubleclick.net/click%253Bh%253Dv8/3c3d/2/0/%252a/f%253B253916733%253B0-0%253B0%253B17652941%253B255-0/0%253B46806387/46822815/1%253B%253B%257Eaopt%253D2/1/c7/0%253B%257Esscs%253D%253f&amp;l=http%3A//www.bizjournals.com/denver/bio/9211/Dennis+Huspeni" rel="author"><img src="http://assets.bizjournals.com/denver/blog/dennishuspeniblog.jpg" alt="" width="56" /></a></div>
<p>Metro Denver’s luxury home market improved slightly in February from the same month last year, but the low inventory of homes might be hurting the market as the spring buying season nears, according to the report Coldwell Banker Residential Brokerage    released Friday.</p>
<p>Thirty-one homes, with a selling price of more than $1 million, sold last month, as compared to 27 homes in February 2011. That level was down from January’s 41 sales.</p>
<p>“The high-end market in the Denver metro area continued its gradual but steady improvement last month, along with the overall housing market,” Chris Mygatt, president of Coldwell Banker Residential Brokerage in Colorado, said in a statement. “We have gained momentum over the past year and probably would have greater sales gains if we had the inventory to meet buyer demand.”</p>
<p>There were approximately 42 percent fewer homes on the overall metro Denver market in February than last year at this time.</p>
<p><span id="more-1720"></span>Other highlights from the report:</p>
<p>• The median sales price dropped to $1.21 million from $1.25 million in January.</p>
<p>• Nine luxury homes sold in Denver, beating Boulder and Cherry Hills Village, which had six apiece.</p>
<p>• Average days on the market, at 213, increased both year-over-year, at 184, and month-over-month, at 190.</p>
<p>• Sellers got 91.3 percent of their asking price, as compared to 91.6 percent in January and 93.9 percent in February 2011.</p>
<p>The report is compiled using multiple listing service data. The numbers closely mirror a Metrolist Inc.    report issued last week.</p>
<blockquote><p>Dennis Huspeni covers real estate and retail for the Denver Business Journal and writes for the &#8220;Real Deals&#8221; blog. Email: dhuspeni@bizjournals.com. Phone: 303-803-9232.</p></blockquote>
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