Financial Updates

There are currently 32 blog entries related to this category.

Forbes releases a number of rankings for cities across the world and in the United States every year. Denver, Colorado is often found on some of these lists because of the growth, surroundings and livability of the city. Here are a few of the lists Denver has been found on and what they mean.

#6 Best Places for Business and Careers

The "Best Places for Business and Careers" used a few specific categories to rank the cities across the United States. The ranking was based on a combination of the Cost of Business, Job Growth, Education and Population.

Denver was found in the sixth spot on this list, which is a good indicator of the city's job market. The cities found on this list are all growing and provide some of the better jobs throughout the

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By: John Allen - Broker

Purchasing a home is an exciting experience, but it can also be a daunting task. Not only do you have to find the perfect home to suit your needs and budget, but you also need to obtain a loan in order to purchase the home. Given the state of the economy and the scary news stories claiming it is nearly impossible to obtain a loan, some prospective buyers may be too scared to even begin a home search. For those who are really serious about purchasing a home, however, getting preapproved for a loan before starting the home search is a good idea.

What is Preapproval?

Getting preapproved for a home mortgage loan is different from getting prequalified. Getting prequalified for a loan is a quick process that

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Dreaming of a homeThe new Denver metro area program, Metro Mortgage Assistance Plus, was recently funded to make it a reality for new homeowners to achieve their dreams. Qualified borrowers in Denver’s can receive a 4% grant towards the down payment and closing costs of a fixed-rate, 30-year mortgage. This makes it possible for the moderate to low income buyers to finally own a property to call home.

By using one of the approved lenders, the homebuyer can gain assistance helping them overcome some of the difficult obstacles standing between them and homeownership. The grant helps to lower the amount of upfront money needed and, since it's a grant, participants won't need to repay the down payment or closing cost assistance they receive. This reduces the down payment to

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Relax, relax this isn't some stupid post about making money online...we're talking about actually making money, or at least seeing how it's done. You may or may not be aware that the United States Mint is actually located in downtown Denver, Colorado. Since it was first founded in 1792 the United States Mint in Denver, one of six around the country, has been producing up to 50 million coins every single day - transforming a single blank slug of metal into the shiny change you use in your daily life.

Now the good news is that you can actually go on a tour of the mint and see how your coins are actually made, with the free tours starting every 30 minutes or so. One word of warning here is that these tours are very popular, so do your best to make reservations…
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There are a lot of great reasons for you to move to Denver like the amazing scenery, hundreds of parks, miles of hiking trails and having the Rocky Mountains in your back yard. One major perk you might not have considered though is that because you'll be living in the Midwest you can also enjoy the fact that the cost of living in Denver is lower than many other places in the country. The sample data we're going to provide here is based on the cost of living in Denver vs. Los Angeles, just so you can get a real feel for what Denver can offer your family in economic terms.

Obviously the first thing you'll need to know is the cost of property in the Denver and how it compares. If you decide to rent an apartment in Denver it will cost you roughly 30% less than…
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Nichols Partnership Inc. has purchased from Los Angeles-based Karlin Real Estate the former Daily Camera building at 11th and Pearl Street in downtown Boulder, Colorado, for a fee believed to be around the $13.5 million mark.

Karlin bought the property in 2010 in a $9-million deal. It worked on plans during the last two years to build almost 160,000 square feet of office and retail spaces, restaurants, and movie theaters in three- to four-floor buildings at the site. It was just months ago that Karlin received approval from city hall to redevelop the property.

Randy Nichols, president of Nichols Partnership, described the property as an irreplaceable asset that is hard to come by in downtown Boulder. The full block that it occupies on Pearl Street is…
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The Colorado Economic Development Commission has approved $13.1 million in state tax credits for three companies as an incentive for them to bring in 1,533 new jobs to the state. Certain conditions are attached to the tax credits, and the amount of incentives received may be reduced if the companies fail to deliver all of the employment expected. Another possibility is that other states may offer better incentives, thus Colorado would risk missing out on significantly boosting its employment level.

One of the companies is Redwood Trust Inc., a California real estate investment trust specializing in commercial and residential mortgages. This company is exploring the possibility of moving its operations to Douglas County, Colorado, and in the process

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Denver City Council approved some changes regarding the demolition and historic designation of sections of the city ordinance regarding landmark preservation.  

Denver's Community Planning & Development Department proposed the changes with the aim of balance the interests of landowners, the wider community, and preservationists, while eliminating the unnecessary stages from the demolition and historic designation review measures.  

What follows are the key changes:

•    Designation applications that are non-owner-initiated must be filed by at least three residents of Denver, or property owners, or city council members, or a CPD manager for the purpose of raising the community support level and involvement.  

•    Review of Landmark Preservation must be…
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Denver is getting $30.5M extra revenue that will be included by the government in its budget for the year 2013.

This means that 92,000 students from Denver Public Schools will be provided free access to local recreation centers and pools around the city.  City employees need not take days off from work, and libraries will be made available 48 hours every week.

On Monday, the City Council said that it had approved the primary procedural step to allow the extra money to flow into Denver’s coffers.  The council initially approved a bill amending the city budget for 2013, which had already been passed.

In November, a 74% approval vote from residents of the city made it possible for authorities to retain its tax revenues from properties and remove Denver from…
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Denver’s residential market is gearing up for better times ahead.  

Last September, home prices rose to their highest in nearly five years as indicated by the most recent S&P/Case-Shiller Home Prices Index.  This is backed up by figures from a well known multiple listing service, which shows that this year, single-family homes have been sold for a median price of $250k, at the same level as 2006, just before the bust in residential real estate took place.  

Meanwhile, Denver is also fast recovering from the foreclosure nightmare, with its housing inventory falling to just half of what it was the prior year, something which has led to the re-emergence of bidding wars in the area for the first time in years.  

In October, 4,095 properties within Denver were…
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