The Pending Home Sales Index rose slightly in December, climbing 1 percent from November. A Pending Colorado Home Sale is a home that is under contract to sell, but not yet sold. It's a figure compiled by the National Association of Realtors® using sales data from over 100 regional listing servic
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02/03/2010
A "Short Sale" is when a Colorado home seller sells his home for a lesser amount than what is owed on his mortgage, and the mortgage lender agrees to accept the lesser amount in lieu of a full payoff. By way of example, a Short Sale may be appropriate for a Denver, Colorado home seller whose mort
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02/02/2010
In a news-heavy week, Colorado mortgage markets improved last week, adding to a 3-week rally. But, given last week's data and domestic story lines, it's surprising that
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02/01/2010
Reporting on a two-month lag, the government said home values rose 0.7 percent in November. National home prices are at their highest point since February 2009. But bef
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01/29/2010
The Federal Open Market Committee voted to leave the Fed Funds Rate within its target range of 0.000-0.250 percent. In its press release, the FOMC noted that the U.S. e
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01/28/2010
The Federal Open Market Committee ends a scheduled, 2-day meeting today in Washington. It's the first of 8 scheduled meetings for the policy-setting group in 2010. The
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01/28/2010
Just one month after from blowing away Wall Street, December's Colorado's Existing Home Sales hit the skids, shedding nearly 17 percent and falling to a 4-month low. Do
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01/26/2010
Conforming and Colorado FHA mortgage rates improved last week on the combination of weaker-than-expected economic data and new anti-banking rhetoric from the White Hous
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01/26/2010
A "Housing Start" is a privately-owned home on which construction has started. It's an important gauge of housing health because it tracks new housing stock nationwide.
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01/22/2010
Securing an FHA mortgage in Colorado is about to get more expensive. In a statement issued Wednesday, the Federal Housing Authority outlined policy changes to its mortg
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01/21/2010
