January 2012

There are 2 blog entries for January 2012.

Don’t expect dramatic imp­rovement in the real estate market in 2012, but there’s reason to hope for a return to more normal appreciation in the value of homes by the middle of this decade.

That was the message speakers at the 2012 Colorado Group Real Estate Roundup delivered to an audience of more than 200 industry professionals and interested members of the public in Steamboat Springs this week.

“We’re not out of the woods, but we should be back to normal appreciation within four to five years," keynote speaker Pam O’Connor said.

O’Connor is the CEO of Leading Real Estate Companies of the World based in Chicago. She said that before the rise of the real estate bubble began to expand in the middle of the past decade, real estate on a national basis

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The number of distressed single-family homes that changed hands through the short-sale process more than doubled here to 29 in 2011 from a dozen in 2010.

The growth in short sales came against the background of a similar, but less dramatic, increase in properties that sold through foreclosure. And the totals in Routt County are apt to be even greater: The research done by Colorado Group Realty for this article relied on the Steamboat Springs Multiple Listing Service for its data and reflects only sales in which a Realtor was involved.

Short sales are processes through which homeowners avoid the foreclosure process by negotiating with lending institutions to accept a sale for less than the outstanding principal on the owners’ mortgage. The banks can

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