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Denver area - homes sales pick up in October, inventory drops

There were 4,910 homes placed under contract in October - a 9.0% increase from the 4,504 homes sold in October 2008. The average price of all homes sold was $261,771 - an increase of 4.6% from October 2008. The average price, however, is down from $274,433 in September, which reflects the mix of housing prices. The median price of all homes sold, at $222,000, increased by 7.7% from $206,000 in October 2008, but was down 1.33% from $225,000 in September. There were 18,945 unsold homes on the market in October - an 18.1% drop from a year earlier.
http://insiderealestatenews.com/2009/11/denver-area-home-sales-pickup-in-october-inventory-drops/

Mortgage too high, now you can rent your home

Fannie Mae's new Deed for Lease program allows borrowers who would otherwise lose their homes to remain as renters for at least a year.


http://realestate.msn.com/blogs/listed.aspx?feat=1354789&ocid=fbmsnre

Senate expands homebuyer tax credit, extends jobless benefits

http://www.usatoday.com/money/perfi/taxes/2009-11-05-homebuyer-credit-jobless_N.htm

Senate expands homebuyer tax credit, extends jobless benefits

http://www.usatoday.com/money/perfi/taxes/2009-11-05-homebuyer-credit-jobless_N.htm

Denver home prices rise for the sixth straight month

http://www.denverpost.com/business/ci_13655287

Foreclosure Filings drop in Denver Area

Foreclosure filings in the Denver metro area fell nearly 1.6 percent in the third quarter from the same period a year ago, according to data from RealtyTrac Inc.

The Denver-Aurora area had the 47th-highest foreclosure-filing rate among 203 large U.S. urban areas in the first quarter of the year, according to figures released late Tuesday by RealtyTrac, an Irvine, Calif.-based marketer of foreclosure properties, in its “Metropolitan Foreclosure Market Report.”
http://denver.bizjournals.com/denver/stories/2009/10/26/daily18.html