Archive for Real Estate Articles
CAR Supports Prohibition of Local Government Sprinkler Requirements
SB-81, Local Government Sprinkler Installation Requirements, by Sen. Kevin Grantham (R-Canon City) seeks to prohibit counties and municipalities from requiring the installation of sprinklers in single-family dwellings. For example, the 2009 Model Residential Building Code included a provision requiring sprinklers in most new residential construction. This bill would prohibit local governments from requiring that provision. [...]
Housing Crisis to End in 2012 as Banks Loosen Credit Standards
February 16, 2012DSNews Reports– Capital Economics expects the housing crisis to end this year, according to a report released Tuesday. One of the reasons: loosening credit. More…
Housing Crisis to End in 2012 as Banks Loosen Credit Standards
February 16, 2012 DSNews Reports– Capital Economics expects the housing crisis to end this year, according to a report released Tuesday. One of the reasons: loosening credit. More…
Jim Smith Realty 2011 Newsletter – 4th Quarter Wrap-Up
The air in Pagosa Springs is crisp and cold. Everywhere you look, you see ski boots, out-of-state license plates and happy, laughing people. Winter is upon us, and with the falling of the snow, the tourists have arrived in force. We welcome all our visitors, winter or summer, as they help our local economy [...]
December Existing-Home Sales Show Uptrend
January, 2012 Existing-home sales continued on an uptrend in December, rising for three consecutive months and remaining above a year ago, according to the National Association of Realtors®. The latest monthly data shows total existing-home sales1 rose 5.0 percent to a seasonally adjusted annual rate of 4.61 million in December from a downwardly revised [...]
Jim Smith Realty Newsletter – Pagosa Springs, Colorado – 3rd Quarter 2011
Jim Smith Realty has been the leading real estate firm in Pagosa Springs for 20 Years! Pagosa has experienced a fantastic summer tourism season this year. The streets have been busy with out of state plates enjoying our beautiful high altitude destination. The summer visitors have gone, and this week, the droves of hunters [...]
What You Need to Know when Thinking of Making an Offer on a Short Sale in the Pagosa Springs Area?
Jim Smith Realty Are you looking to buy a new home? Are you thinking that now’s a great time to find bargains? That’s true, but it pays to know a little about the seller’s situation before you make an offer. If a home is being sold for below what the current seller owes on the [...]
Breaking News: NAR, Dramatic Increase In Pending Home Sales
June 29, 2011 · Breaking News: National Association of Realtors May Pending Home Sales…DRAMATIC Increase! ….home sales increased with the seasonally adjusted national index jumping 8.2% over April and increasing 13.41% above the level seen in May 2010. “Some markets have made a rapid turnaround, going from soft activity to contract signings rising by more [...]
Short Sales Tips for Pagosa Springs Colorado Sellers
If you’re thinking of selling your home, and you expect that the total amount you owe on your mortgage will be greater than the selling price of your home, you may be facing a short sale. A short sale is one where the net proceeds from the sale won’t cover your total mortgage obligation and [...]
Housing Shortage Is Likely Coming, Report Says
Within the next decade, 16 million new housing units will be needed to meet population growth and shifting demands, according to Harvard University’s Joint Center for Housing Studies in its latest annual "State of the Nation’s Housing" report. More…
