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North Metro Denver Real Estate News 12.19.17

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Broncos plan $351 million ‘entertainment district,’ says federal grant document
The Denver Broncos plan to build a $351 million “entertainment district” in the north part of Denver’s Sun Valley area, according to a summary issued Monday of cities receiving “Choice Neighborhoods” grants from the U.S. Department of Housing and Urban Development. The entertainment district would include “retail, commercial and residential developments,” the document says in a short reference. The plans are still very preliminary.
Read article – Denver Business Journal

Fed Hikes Rates: The Mortgage Impact
The Federal Reserve hiked short-term interest rates Wednesday. Mortgage rates typically follow long-term bond rates, such as the 10-year U.S. Treasury note. Longer-term rates typically adjust before the Fed makes a move. Mortgage rates have risen near to 60 basis points since the presidential election. More than twice the quarter-point increase that the Fed voted on Wednesday. “Mortgage rates will move higher before the Fed acts again, so if the Fed carries out its three planned hikes in 2017, we could come close to 5 percent on 30-year conforming rates before the end of next year,” notes Jonathan Smoke, realtor.com®’s chief economist.
Read article – Realtor Magazine

Additional articles that you might find of interest:

High demand for fewer homes in Colorado housing market
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Real Estate Ranks Among Most Fulfilling Jobs
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New Mantra: Live Where You Eat
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Home Buyers Want to Go Bigger
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The 10 Healthiest States to Call Home
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The Moving-Day Survival Kit Lifesaving Items and Niceties
Read article – Realty Times

Denver neighborhood gets $30 million grant for mixed-income housing
Read article – Denver Business Journal

Denver is nation’s No. 2 market for rising housing prices
Read article – Denver Business Journal

Rising real estate market makes foreclosure properties hot investments, but some never collect profits
Read article – Denver Post

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