Case-Shiller: Denver home prices up for 3rd straight month

For the third month in a row, Denver-area home prices showed a year-over-year increase in January, according to the latest S&P/Case-Shiller Home Prices Index. Out of 20 U.S. cities in the closely watched report from Standard & Poor’s, released Tuesday, Denver was one of nine that showed a year-over-year increase in prices. Denver-area home prices were 2.6% higher in January 2010 than in January 2009. That followed a 1.2% year-over-year increase in December and a 0.5% gain in November.

http://www.bizjournals.com/denver/stories/2010/03/29/daily15.html?s=industry&i=resi_real_estate

Parade of Homes to return in August

Denver’s “Parade of Homes” will return Aug. 14 to Sept. 6, featuring a multiple-site format for a second year and a wider-than-usual range of home values, the Home Builders Association of Metro Denver said Tuesday.

We’re bringing back the favorite elements of the Parade, but we’re adding more homes for visitors to see throughout the metro area and admission to the Parade will be free,” Clarence Hughes, chairman of the Parade of Homes and a Home Builders Association (HBA) board member, said in a statement.

Full story here

Foreclosure Market Trend Report

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IKEA targeting Fall 2011 opening for Centennial store

IKEA, the Swedish home furnishing retailer, announced Tuesday that contractors have been hired and construction will soon begin on its first Colorado store, which will be located in Centennial.

"With our land purchased, team selected and site-work permit pending, we now can schedule IKEA Centennial to open Fall 2011,"

http://www.kdvr.com/news/kdvr-ikea-centennial-031610,0,5753206.story

Program to pay homeowners to sell at a loss

In an effort to end the foreclosure crisis, the Obama administration has been trying to keep defaulting owners in their homes. Now it will take a new approach: paying some of them to leave.

This latest program, which will allow owners to sell for less than they owe and will give them a little cash to speed them on their way, is one of the administration’s most aggressive attempts to grapple with a problem that has defied solutions.

http://www.msnbc.msn.com/id/35756755/ns/business-the_new_york_times/