Half of Colorado mortgage brokers may lose licenses
Half of state’s mortgage brokers may lose licenses:
About half of Colorado’s 8,729 licensed mortgage brokers have failed to pass a required exam and may lose their licenses on Aug. 31, which could have a tremendous impact on Colorado’s real estate market. “I would be willing to bet that the vast majority of those people who have not completed their education and testing requirements are no longer in the business, said CMLA President Terry Jones. I don’t think it’s going to have an impact at all in terms of the availability of loan products to the public in Colorado.
Go to Article (Denver Business Journal )
Luxury Vail Valley homes go up for auction:
Some $50 million worth of luxury homes in Colorado’s Vail Valley go up for auction in late July and early August, according to real estate brokerage firms. The auctions are being staged by Colorado real estate companies as well as national brokerage firms.
Go to Article (Denver Business Journal )
Mid- to high-end sales see biggest decline:
GRAND JUNCTION, Colo. A comparison of the number of property sales in price segments ranging from $50,000 and under, to $1 million and over, showed a marked drop off in the every category in the first six months of the year. The most notable decline was recorded in the $200,000 to $300,000 category, in which sales plunged to 415 in the first half of the year from 876 in the same period of 2008.
Go to Article (GJ Free Press)
Mountain properties hit auction block:
What is being described as the only undeveloped ski-in, ski-out home site in Arrowhead at Vail is hitting the auction block at 2 p.m. on Tuesday. The 2.06-acre lot, with views of Vail Village, Vail Mountain and the Gore Range, will be sold at a private absolute auction, along with a 4,856-square-foot, never-occupied home in Buffehr Creek, across from Vail Mountain. An absolute auction means there is no minimum bid or reserve price. In other words, the top-bid takes these multi-million dollar properties.
Go to Article (Insiderealestatenews.com)
