Saturday Reporter-Herald January 22, 2011 E1
Real Estate Matters
www.homeandrealtyguide.com • Saturday, January 22, 2011 • Reporter-Herald
Survey says:
Insurance to fund home rebuilding after fire
HUD Awards $18.6 Million to assist homeless programs in Colorado
Optimism remains Americans still view homeownership as a smart long-term decision
ILYCE GLINK TRIBUNE MEDIA SERVICES
HUD.GOV
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.S. Housing and Urban Development (HUD) Secretary Shaun Donovan today awarded nearly $18.6 million in funding to keep 84 of local homeless assistance programs in Colorado operational in the coming year. The grants announced today form a critical foundation for the Obama Administration’s Opening Doors strategy, the nation’s first comprehensive plan to prevent and end homelessness. Funding will be provided to partners in Colorado’s three Continuum of Care groups: • Metropolitan Denver Homeless Initiative — $14,007,144; • Colorado Springs and El Paso County — $1,691,400; • Colorado Balance of State — $2,934,992; and the total amount awarded for the entire state of Colorado is $18,633,536. The announcement also comes just a week before thousands of volunteers in nearly every city and county conduct a national one-night count of homeless persons and families. HUD’s Let’s Make Everybody Count! campaign is intended to document trends in homelessness that are crucial to local planners’ efforts to prevent and end homelessness in their areas. “There is a tremendous need on our streets and in our shelters among those experiencing both long-term homelessness as well as families confronting a sudden economic crisis,” Donovan said. “These grants are the life blood for thousands of local housing and service programs that are doing the heavy lifting to meet President Obama’s goal of ending homelessness.” In June, 19 federal agencies and offices that form the U.S. Interagency Council on Homelessness (USICH) submitted to the President and Congress the nation’s first comprehensive strategy to prevent and end
NATIONAL ASSOCIATION OF RE-
ers and renters, as well. While more than half of owners are ALTORS “very” or “extremely” satisfied with the overall quality of their substantial majority of family life, only one-third of both homeowners and renters report the same levels current renters agree of satisfaction. Similarly, 43 that owning a home is a smart percent of home owners are decision over the long term. very/extremely satisfied with That’s according to the results their community life, comof a National Association of Repared with 30 percent of altors survey of 3,793 adults renters. conducted online by Harris InA majority of renters — 63 teractive. percent — said that it was at The American Attitudes least somewhat likely that they About Homeownership survey found that in today’s challeng- would purchase a home at some point in the future. ing economy, 95 percent of Among this group, young owners and 72 percent of renters believe that over a peri- adults (18-29 years old) have the strongest aspirations for od of several years, it makes homeownership; only 8 percent more sense to own a home. In addition, an overwhelming ma- of young adults said that it was jority of homeowners are happy “not at all likely” that they would purchase a home at with their decision to own a home — 93 percent of owners some point in the future. In today’s market, many assurveyed would buy again. piring homeowners are faced “Homeowners and renters with worries about job security agree that home ownership and creditworthiness. Among benefits individuals and families, strengthens our communi- renters who are very or extremely likely to buy a home in ties, and is integral to our nation’s economy,” said National the future, three out of five consider confidence in job seAssociation of Realtors President Ron Phipps, broker-presi- curity and creditworthiness to be an obstacle. dent of Phipps Realty in WarOne point of agreement bewick, R.I. “The results of this tween renters and home ownsurvey illustrate just how important issues related to home ers was support of the mortownership are to people in this gage interest deduction (MID). country.” Seventy-four percent of owners and 62 percent of renters say The survey uncovered some differences between homeown- it’s “extremely” or “very” im-
Q
uestion: Our house caught fire at the end of last month. The fire marshal condemned our home. We got what we could out of the home and are trying to get back into our normal daily routine. We plan to have our home rebuilt. Our insurance representative explained to us our policy and about using their preferred contractors. We have met with one such contractor, they seem good, and we have references from them to call. Do you have an opinion on this program? Although our initial impression of their preferred contractor is positive, we can’t find much consumer information on this online and think the opinion of a disinterested party would be wise before we sign up. Answer: We’re sorry to hear about your unfortunate event of last month. How fortunate that nobody was hurt or injured in the fire. Working with insurance companies on fire losses can be a tricky situation, because if you aren’t savvy about how you navigate the landscape, you could wind up with less money to rebuild your home. Some insurance companies are better than others. If you have a recommendation for a contractor from the insurance company, you should use every means at your disposal to investigate them. You might try the Better Business Bureau, your local city building department and any people they
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portant that the MID remain in place. “At a time when the middle class is under increasing economic pressures, both homeowners and renters agree that the mortgage interest deduction should not be targeted for change,” Phipps said. “Given strong public support of and aspirations toward owning a home, we need to keep policies in place that support and encourage responsible, sustainable home ownership for our future.” This survey was conducted online within the U.S. and fielded October 6-20, 2010. A total of 3,793 adults, 18 and older were surveyed, including 1,880 home owners, 1,115 renters, and 798 young adults. All samples came from the Harris Poll online database and were weighted for age, sex, race/ethnicity, education, region and household income to be representative of the U.S. general population of adults 18 and older. Propensity score weighting was also used to adjust for respondents’ propensity to be online. Results are available online at www.realtor.org/stats anddata/homeownership/ attitudes_homeown.
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Inside Insidethis thisweek’s week’sHome Home& &Real RealEstate Estate
Proper ty of the Week 1100 N. Taft Ave. # 17, Loveland
Listings from Front Range properties recently sold
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