Are you an out-of-state seller? With some exceptions, all sales of Colorado Real Property over $100,000.00 by non-residents are subject to a 2% withholding tax. This regulation dates back to January 1993 in anticipation that Colorado income tax may be due on a gain from the sale. Although this has been around for many years, it is often overlooked as a consideration when listing and selling a property and can impact the net proceeds at the time of closing. Individuals, estates, or trusts are subject to withholding if either federal form 1099-S must be filed with the IRS reporting the… Read More
Mortgage rates fell for the third week in a row, and the rate on the most popular mortgage hit a record low, thanks to the Fed and the ongoing European debt crisis. Rates have stayed near the bottom for this long partly because of the Fed’s economic stimulus, including its decision to continue to reinvest in mortgage-backed securities. Rates have stayed near the bottom for this long partly because of the Fed’s economic stimulus, including its decision to continue to reinvest in mortgage-backed securities. “There are still a lot of people out of work and a lot of foreclosures,” he… Read More
Residential housing in the mountain states of Colorado,Utah and New Mexico is looking stronger than many others, but that’s partly because the comeback hasn’t been as steep. Simply put, homes in the region didn’t appreciate in value over the last decade as much as in the coastal regions, Arizona or Nevada. What didn’t go up much before the bubble burst in 2008 didn’t go down much once it did. Homes certainly lost value, but owners don’t have to regain as much ground to attain their earlier equity. “We didn’t experience the bubble that California, Florida, Arizona and Nevada did,” said… Read More
Mortgage rates inched up this week after the Fed signaled to investors that it won’t buy more bonds to provide further stimulus to the U.S. economy. The Fed has helped to keep mortgage rates artificially low through its continuous purchase of government and mortgage bonds, which is a policy known as quantitative easing. Many investors hoped the Fed would add another round of stimulus, but most Fed members lean away from that idea and seem ready to let the U.S. economy stand on its own. At least, that is the message investors got Tuesday, after the minutes from the last… Read More
As Colorado’s housing market continues to bounce back from the recession, more and more buyers have decided they can’t wait any longer – now is the time to get back into the market to find their next home. While the real estate market still has its challenges, things are very different today than they were in 2009, 2010 and even early last year. Buyers are generally more optimistic about the future, ready to purchase, much better qualified for a loan and, in many cases, are paying big down payments or even all cash for their next home. Indeed, the scales… Read More
Colorado ranked 3rd for economic competitiveness – Among the 50 states, Colorado ranked 3rd best in Beacon Hill Institute’s State Competitiveness Report, an annual comparison of readiness for prosperity. The index is based on 44 economic indicators in categories: government & fiscal policy, security, infrastructure, human resources, technology, business incubation, openness, and environmental policy.
Luxury home sales in the Denver Metro Area were essentially flat in January after strong year-end gains in December, according to Coldwell Banker Residential Brokerage, Colorado’s leading provider of luxury real estate services. A total of 41 homes sold for more than $1 million last month, exactly the same number as December and one more than January 2011. There were five multi-million-dollar sales in January, down from six a year ago and nine in December. Meanwhile, the median sale price for a luxury home dipped to $1.25 million last month, down 2.4 percent from a year ago and 7.4 percent… Read More
Mountain Homes, Evergreen CO Real Estate, Conifer, Golden Colorado, Genesee, Morrison CO, Pine, Bailey, Denver Metropolitan Front Range, Denver Foothills Real Estate Website, Evergreen Colorado Real Estate, Golden CO, Lakewood, Littleton, Denver, Denver metropolitan area, Denver Foothills, Real Estate for sale, mountain communities of Denver, Conifer CO Real Estate, Genesee, Lookout Mountain, Golden Colorado Real Estate, Morrison Colorado Real Estate, Pine, Kittredge, Indian Hills, Idaho Springs, Bailey Colorado, real estate website, search homes for sale in Conifer Colorado, homes for sale in Evergreen Colorado, as well as homes for sale in Denver Front Range mountain, metropolitan communities, find Log Homes,… Read More
Feb 23rd, 2012 Mortgage rates came off historic lows this week, but remained appetizingly low as sales of previously owned homes picked up steam last month. Fear not if you don’t feel ready to refinance or buy, or if you don’t qualify. Mortgage rates likely won’t move too much over the next year, says Paul Edelstein, director of financial economics at IHS Global Insight. “Housing is really the laggard in the economic recovery,” he says, “so the (Federal Reserve) will continue to prop up the mortgage market to induce people to buy houses.” The central bank’s policymaking committee promised last… Read More
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