CSBJ Daily

The S&P/Case-Shiller home price index for May declined 15.8 percent from the year earlier. The index surveys home prices in 20 major metropolitan areas, including Denver.
Every city on the index showed year-to-year declines, led by Miami and Las Vegas, which each experienced price drops of 28 percent from May of 2007. […]

Kevin and Bud Patterson, the former owners of Prudential Professional Realtors, have sold their interest in the company and have re-launched The Patterson Group and moved into a new office at 3470 Centennial Blvd.
During the 20 years that the Pattersons were part of the Prudential system, they grew the business from […]

The real estate community uproar created when Fannie Mae underwriters determined that all of El Paso County was included on the agency’s “declining market” list will soon subside.
Beginning in June, Fannie Mae will no longer require an automatic 5 percent minimum down payment on Pikes Peak region properties, based on its […]

The Colorado Springs residential real estate market was one of three Colorado metropolitan areas highlighted in this week’s National Association of Realtors first quarter median home price report.
Prices locally for existing single-family homes were down 1.6 percent in the first quarter at $208,000.
The Denver metro area’s 10 counties, in contrast, […]

April was the second month in a row to show an increase in listings sold, according to the Pikes Peak Association of Realtors’ monthly report.
From February to March, Realtors saw a 33 percent leap in closed sales on a month-to-month basis. From March to April, closings increased 6 percent.
“You’re beginning to […]

Paul Goldenbogen, president of Heritage Realty, was elected chairman of the Colorado Real Estate Commission at a commission meeting earlier this week.
He has served as commissioner of the CREC for the past five years and since 1999 has served on the commission’s Forms Committee, which is responsible for drafting all mandatory […]

Pikes Peak region Realtors are standing firm.
Contrary to trends elsewhere, membership in the Pikes Peak Association of Realtors remains close to 3,900. That figure was confirmed yesterday by Jay Gupta of Gloriod & Associates, chairman of the PPAR, during the organization’s monthly state-of-the-market report session.
“We have not seen any major drop in […]

Corporate Office Properties Trust just announced that it has leased 73,000 square feet to one new and one expanding company.
Plasmon LMS, Inc. has leased 44,000 square feet of office/industrial space at 9925 Federal Drive in the 54,000-square-foot InterQuest Hybrid II building. Plasmon will move from its current location on the […]

Residential real estate prices in 25 cities dropped below last year’s level, said Radar Logic Inc. in a monthly report that tracks prices by changes in price-per-square-foot.
Only two markets showed a net appreciation; two markets are neutral and 21 show declines. New York City and Charlotte, N.C., showed slight […]

Colorado Attorney General John Suthers this week confirmed the indictment of 10 people for mortgage real estate fraud.
Those indicted are mostly from the Denver metro area and include a real estate broker, a mortgage broker, an administrative assistant, a buyer and several income property investors, all operating as a group […]