Three prestigious, well-recognized companies are planning new office projects in metro Denver, offering further signs of an improving regional economy.  The TriZetto Group is planning a $40 million corporate headquarters at Meridian in Douglas County. Trimble is planning a 125,000-square-foot building in Westminster. And Johns Manville is planning to relocate from downtown Denver to Greenwood Village.  “It’s a very positive sign for the real estate markets in the Denver metro area that companies are looking for build-to-suits, ” said Sherman Miller, executive director of the CU Real Estate Center at the University of Colorado at Boulder.

For information on Denver real estate, or regarding Denver relocation, please contact TeamCox Realtors at 303-400-6060.

Read article – Denver Post

If you invest in a savings account, you’ll make less than 1% and will have to pay income tax on the earnings. If, on the other hand, you contribute something extra to your house payment on a regular basis you’ll essentially earn at the mortgage interest rate which is bound to be more than you’re earning in the bank.

Making additional principal contributions on your mortgage will save interest, retire debt and build equity. An extra $100 a month in the example shown will save thousands in interest and short the term of the mortgage as well. Reducing your cost of housing is another way to improve the investment in your home. Becoming debt-free is a important goal that is achieved with discipline and good decisions. Suggestions like this are part of my commitment to help people be better homeowners when they buy, sell and all the years in between.

For more suggestions on managing your mortgage in the Denver area, please contact TeamCox Realtors – Piney Creek real estate specialists at 303-400-6060.

Do you really want to pay off your Landlord’s mortgage?
Why aren’t you looking at homes with a real estate agent?
There could be no more logical decision for your long-range planning.

Rents for Denver homes are rising amidst rising demand and tight supply. This means that paying rent will become even more painful for renters across the country and in Denver. The Denver commercial and residential real estate markets are both posting rapid rent increases with more expected in the months and years to come. It’s bad timing for people who have been spooked by, or pushed out of, the residential housing market and have decided to rent instead of buy.

Rising rents are making homeownership more attractive. One study by Trulia.com, a real estate research firm, found that “based on current market conditions, buying a home is cheaper than renting in 74% of major U.S. cities.”

For information on Denver real estate, please contact TeamCox Realtors at 303-400-6060.

Douglas County residents, especially those living in Parker and Castle Pines, are eagerly awaiting the completion of the Hess Road Extension, connecting State Highway 83 Corridor with I-25. This will greatly ease commuting times for Parker residents driving to I-25 and Castle Rock, along with Castle Rock residents traveling to the Parker area.

We have good news for you… the road opened this week (on January 24th)!

We will continue to keep you updated on major infrastructure projects in Douglas and Arapahoe counties. For more information on Parker real estate, please contact TeamCox Realtors at 303-400-6060.

Fallen Denver home prices and record-low mortgage rates have pushed housing affordability to a 40-year high. Meanwhile, Denver rental prices are continuing to rise at a fast pace, according to a new report by Hotpads.com, a rental listing service.

Rental prices in 20 of the largest metro areas increased 3.75 percent in 2011, and prices are expected to continue to rise in 2012. Meanwhile, home prices fell by 1.83 percent in 2011, according to the report. Denver home prices are widely viewed to have bottomed out and are expected, by most economists, to rise commencing in the spring of 2012.

“In a lot of cases it’s getting to a point where it makes more sense for people to buy because rent has been going up significantly faster, while home prices have been falling,” Paul Gleger, author of the report, told AOL Real Estate. If you are currently renting, this may be the best year ever to invest in your first home in the metro Denver area.

For information on Denver real estate, please contact TeamCox Realtors at 303-400-6060.

We wanted to share a recent Fox News report singing praises for Denver, Colorado. While it may seem like a Denver of Chamber Commerce commercial, it was a report entitled, “How Can You Profit From Housing Growth in Denver?”

Yes, people are moving here from the southeast, the northeast, California and the list goes on! Why is Denver such an attractive destination? The report mentions that the main reason that people are moving to Denver is because of its vibrant lifestyle – Denver residents are young, active, happy and healthy. The report also praises Denver for its low unemployment rate, fresh air and for its low foreclosure rate.

If you are interested in relocating to Denver, Colorado, or  in investing in Denver homes, please contact TeamCox Realtors – Denver real estate specialists – at 303-400-6060.

As soon as the ball dropped (and before), our eyes turned toward 2012, wondering what it will bring. Naturally, TeamCox Realtors has been assessing the Denver real estate market for the coming year.

Here are the top Denver real estate trends that we are seeing during the first week of 2012:

• Increasing home sales: According to recent data released from Metrolist, there were 39,387 Denver homes sold in 2011, which is 1.5 percent increase from 2010. We expect for Denver home sales to continue to increase throughout 2012.
• Low inventory of Denver homes for sale: The inventory level of metro Denver homes has been falling for the past few months – there were 34 percent fewer homes on the market in December 2011 compared to December 2010. This is good news for Denver home prices and for Denver sellers. However, it means slimmer pickings for buyers, which could affect home sales at some point.
• Colorado foreclosures continue to decline: foreclosures decreased over 24 percent in November 2011 from November 2010.
• Low interest rates: 30-year fixed interest rates hovered at historical lows (below 4 percent) throughout December. We expect this to continue for at least through the first half of the year, although rates have edged up a bit in recent weeks.
• Improving economy and job market: Colorado’s economy continues to show improvement, A mid-year update from the University of Colorado at Boulder’s Leeds School of Business predicted recently modest job growth over the next year. Several companies, including Arrow Electronics, announced plans at the end of 2011 to relocate headquarters and create Denver jobs.

We hope that 2012 is a great year for you! If buying a home is on your resolution list, please contact TeamCox Realtors at 303-400-6060. We are here to help you find the home of your dreams.

It seems like the same old things are always on New Year’s resolution lists – lose some weight, exercise more, spend more time with friends, and the list goes on. Well, 2012 is also the year to consider investing in a Denver rental property.

Why, you ask? Denver rents are among the highest in the country, Denver home prices are affordable and mortgage rates are low  (even for non-owner occupied properties). A $125,000 home with 20% down payment can possibly produce a $300 to $500 monthly cash flow after expenses are paid.

There are many investment strategies, but one that is easiest to execute is to invest in below-average priced homes in predominantly owner-occupied neighborhoods. These properties appeal to the broadest range of tenants and perhaps the tenants will even become buyers when you are ready to sell. Single family homes offer an opportunity to borrow high loan-to-value mortgages at fixed rates for long terms on appreciating assets with tax advantages and reasonable control.

This year, make this resolution a reality. For more information on investing in Denver rental properties, please contact TeamCox Realtors – Denver real estate specialists – at 303-400-6060.

Happy Holidays from TeamCox Realtors!

TeamCox Realtors wishes you and your family a happy and bright holiday season, filled with joy and peace. We greatly appreciate all of our clients and friends reading our blog this year and we look forward to bringing you more market updates and news in 2012!

We are excited about what 2012 will bring to the Denver real estate market. Things are looking brighter in the Denver housing market and in the Colorado economy. This can only mean good things as the country and our city continue to recover from the housing downfall.

If you are a prospective Denver homebuyer looking to purchase a home in 2012, please contact TeamCox Realtors at 303-400-6060. We would be happy to help you check that resolution off your list.

Happy Holidays!

Happy Holidays!

TeamCox Realtors wanted to share the City of Centennial’s Christmas card with you, including a special poem written by Centennial’s city clerk Brenda Madison.

Click Here to View the Card

Centennial, Colorado, is a great place to call home. Like the card says, the city is thriving, offering first-rate shopping opportunities, including SouthGlenn and IKEA. We agree wholeheartedly that there has “never been a better time to call Centennial home.”

For information on Centennial real estate, please contact TeamCox Realtors at 303-400-6060.