SATURDAY, November 21, 2009
Reporter-Herald
HOME & Realty Guide Look Inside:
www.homeandrealtyguide.com
Right at Home Nursery design Page 13
Mortgage rates ....................pg. 3 Holiday table done right ....pg. 5 NAR ..........................................pg. 6 Ask Dulley ..............................pg. 7 New Home Directory..........pg. 8 Home building trends ........pg. 9 Can still plant trees ......... pg. 10 Professional Spotlight .... pg. 11 Transactions ...................... pg. 11 Open Houses .................... pg. 12 Classifieds.......................... pg. 15
Real Estate Matters: Taxes on short sales
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Featured Proper ties Section: Page 4
AP photo
The Group, Inc. Realtors are trained to successfully navigate every type of real estate transaction.
Weather market changes The Group Realtors are trained for real estate in transition RH PAID ADVERTORIAL
Ask Dulley Heat with a corn or pellet stove and save energy
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A
s 2009 draws to a close, it’s with a sigh of relief that many Realtors and sellers complete the year. Changing markets are a constant in the real estate business, and how Realtors handle those changes is significant to affected buyers and sellers. The year was a continuation of several market
fluctuations, and the prevalence of distressed property types was evident across the landscape of Northern Colorado. Most real estate conversations included discussion of pre-foreclosure, short sale and bank owned property. The dominance of these distressed situations caused much anxiety for all parties involved in the transaction. Thankfully, Colorado has not fared as badly as other states and regions across the country. In some areas of California, Florida and Nevada, foreclosures make up 50 percent or more of the market. According to second quarter statistics compiled by the Mortgage Brokers Association, over 13 percent of all mortgages were distressed, with nearly 9 percent in default. Sub-prime loads led I See Group/Page 2