|
Real Estate News 2007-2008
Breckenridge, Keystone, Frisco, Silverthorne, Dillon, Colorado
|
| Mortgage rates plummet, but borrowers beware - The takeover of Fannie and Freddie may make mortgage borrowing cheaper - but it won't make getting a loan any easier. Since last Friday, the 30-year fixed rate has dropped to 5.79% from 6.26%. But only buyers with a credit score of 740 of above - and a 20% down payment - can qualify for such a low rate. During the boom, borrowers only needed scores of 640 to land the lowest rates available. Even a 580 score would get them very close to the best rate. CNNMoney.com |
Sept 10, 2008 |
| U.S. Near Deal on Fannie, Freddie - Plan could amount to Government takeover; Management shakeup is expected - The Treasury Department is putting the finishing touches to a plan designed to shore up Fannie Mae and Freddie Mac, according to people familiar with the matter, a move that would essentially result in a government takeover of the mortgage giants. Wall Street Journal |
Sept 6, 2008 |
Ground broken on $70 million project - Developers broke ground Friday on a $70 million luxury condominium project at the base of Peak 9 with champagne and hors d’oeuvres.
Water House on Main Street will include 55 luxury one- to four-bedroom condos with amenities such as ski valet, underground parking, fitness facility, seven hot tubs, a heated outdoor pool and access to the Quicksilver chairlift. |
August 23, 2008 |
| Vail Resorts wary of garage project - Vail Resorts won’t allow the $900 million Lionshead parking structure project to break ground until another new parking garage — at its Ever Vail project — is completed, CEO Rob Katz said in a letter dated Friday.
That might slow the commencement of the Lionshead project, which could bring a conference center, a transit center and new public parking, stores and restaurants to Vail.
|
August 6, 2008 |
| Copper development decision postponed - County commissioners this week put off a final decision on Copper Mountain's application to amend the resort's base-area development plan.
A third hearing has been scheduled for 1:30 p.m. on Tuesday in the Peaks Room in the Mountain Plaza building at Copper Mountain.
|
July 30, 2008 |
| Record $5.5 million home sells in Breckenridge -The most expensive home in Summit County history sold this week for $5.55 million, almost a million dollars more than the previous high.
The 7,512 square foot, ski-in, ski-out home near Peak 8 is located at 312 Timber Trail Road, and comes completely furnished with seven bedrooms, 8-1/2 bathrooms, a three-car garage, an elevator, a cinema and a wine cellar — plus a few more creature comforts.
“To build this house, you’re looking at $3 to 3.5 million,” said spokesperson Dan Corwin of Breckenridge Associates, explaining the high price. “We’re seeing prices hit these high levels, but in comparison, we’re still less than Vail and a whole lot less than Aspen.”
|
July 18, 2008 |
| More cuts from the Fed-what does that mean? - The move spells good news to people who borrow money on loans, such as home equity lines of credit, which are linked to the prime rate. Potential home buyers may want to take advantage of this now, because The Fed may take a break from rate cuts for a while. Economists think the Fed may be inclined to leave rates alone, possibly through the rest of 2008, maybe into next year.A third hearing has been scheduled for 1:30 p.m. on Tuesday in the Peaks Room in the Mountain Plaza building at Copper Mountain. |
May 23, 2008 |
| The year of multi-million-dollar home sales. Market hits $1.5 billion in 2007 - One year after the Routt County real estate market exceeded $1 billion for the first time, the market has dusted $1.5 billion. And the market pushed through that threshold while the number of transactions was declining. |
Feb 10th, 2008 |
| Mainstreet Steamboat Springs sets 2008 goals -"The Colorado Department of Transportation is planning large-scale improvements on Lincoln Avenue, scheduled to begin in summer 2009. As a result, Mainstreet plans to work heavily with consultants from Britina Design Group in the coming year, to develop Steamboat’s proposed downtown improvements and implement them along with the CDOT work." |
Jan 24th, 2008 |
| Our View: The river runs through us - "The six-mile “town stretch” of the Yampa River is a year-round playground for residents and tourists who seek solace and recreation in fishing, kayaking, tubing or just enjoying the peacefulness of naturally flowing fresh water." |
Jan 23rd, 2008 |
| Ski-in, ski-out in high demand - "Both halves of a ski-in, ski-out duplex organized as a townhome subdivision sold this month for $5.4 million and $5.3 million, respectively. And duplex lots in the neighborhood are listed for nearly $2 million" |
Jan 20th, 2008 |
|
|
