Sales of all single-family detached homes in Northern Colorado were up throughout the region for the first half of 2010, according to data compiled by Loveland-based Information and Real Estate Services.

Fort Collins reported the highest increase for the period, with 243 more homes sold in 2010 than in 2009. A total of 1,258 homes were sold through June compared to 1,015 for the same period in 2009. A total of 310 homes were sold in June, up 33 over May.

Greeley-Evans had the next highest number of homes sold through June at 739, although that was up only 20 over the same six months in 2009. Greeley-Evans reported 146 homes sold in June, down by 10 from May.

Loveland-Berthoud reported 728 homes sold through June, up by 149 over the same period in 2009. A total of 169 homes were sold in June, up 11 over May.

Estes Park reported 92 homes sold through June, up by 18 over 2009. Eighteen homes were sold in Estes Park in June, up by six over May.

Source: http://www.ncbr.com/article.asp?id=52788

If you focus only on the averages, life in the typical American town frankly doesn’t seem so hot right now. The median home continues to lose value. Cash-strapped state and local governments are cutting services. And unemployment, at 9.3%, is still high.

But those bummer statistics obscure one important-and encouraging-fact: There are plenty of outliers. MONEY found them through its annual search for the best places in America, which this year focused on the nation’s small cities (those with populations of 50,000 to 300,000). Reporters crunched reams of data to find the optimal combo of job opportunities, fiscal strength, top-notch schools, low crime, good health care, lots to do, and many other factors that help make a town great for raising a family.

And because numbers don’t tell you anything about charm and community spirit, reporters visited 30 of the highest-ranked towns in person. Those that made the cut landed on MONEY’s top 10 list. As you’ll see, these places are anything but average.

1. Eden Prairie, MN
Population: 64,000
Unemployment: 5.1%
Pluses: Plenty of jobs, very low crime, lots for kids to do
Minus: Long, cold winters

Why is Eden Prairie No. 1 this year? Not only is it family-friendly, it has a dynamite economy too.

At 5.1%, its unemployment rate is nearly one percentage point below the county rate and more than four points below the national average. It helps when you’ve got 50,000 jobs right in town.

Major employers include Fortune 500 trucking company C.H. Robinson, hearing-aid maker Starkey Labs, and the Minnesota Vikings, whose practice facility and front office are here. As for fiscal strength, Moody’s gives the town a perfect AAA bond rating.

While it doesn’t have much of a downtown, there’s plenty of outer beauty: from gently rolling hills to 17 lakes that residents flock to year-round for swimming and ice skating. Town parks are laced with 125 miles of running, hiking, and biking trails.

No wonder residents rank among the healthiest people in the nation. Add in top-notch schools and safe streets and you’ve got a place that’s tough to beat.

2. Columbia/Ellicott City, MD
Population: 155,000
Unemployment: 5.2%
Pluses: Booming economy, terrific schools, diversity
Minus: Bad traffic

Ellicott City boasts grand homes, a lovely 18th-century downtown, and lots of restaurants. Columbia offers a wide range of housing, tons of parkland, and a major music venue. But those varied amenities are far from the only reasons this duo has risen to No. 2 from No. 8 in 2008. It’s also an economic powerhouse with a jobless rate just as enviable as Eden Prairie’s.

The nearby National Security Agency and the Fort Meade Army base together account for more than 8,000 jobs, and the government plans to move thousands more positions there by next year. Baltimore and D.C. are within commuting distance (30 and 60 minutes, respectively).

As for housing, the foreclosure rate is one of the lowest in Maryland, yet homes are affordable — by Northeast standards, anyway. Factor in excellent schools and a diverse population (17% of residents are black, 14% Asian), and you can see why this place has become a magnet for families.

Even empty nesters like Alma, 46, and Elmer Gill, 54, who have lived in Columbia for 14 years, appreciate the town’s appeal. Says Alma: "There’s no other place we’d want to live."

3. Newton, MA
Population: 82,000
Unemployment: 6.0%
Pluses: Great schools, low crime, strong economy
Minuses: Pricey homes, bad traffic

Less than 45 minutes from downtown Boston via train, subway, or express bus, Newton is divided into 13 "villages" loaded with classic New England charm. Most have pedestrian-friendly shopping districts, parks, and playgrounds.

The town weathered the economic downturn fairly well, thanks to such stable local employers as Boston College and Newton-Wellesley Hospital. And Greater Boston, of course, offers a wealth of health care, education, and government jobs.

Residents rave about the top-ranked schools, and parents are excited for the new high school opening this fall. "It’s absolutely beautiful," says Claudia Wu, 51, an attorney with three school-age kids who has lived in Newton for 20 years. It should be: The school cost $197 million, an amount that sparked plenty of local outrage.

After all, living in this community is expensive enough: a three-bedroom house runs nearly $600,000. If it weren’t for those hefty price tags, this town would be pretty close to perfect.

4. Bellevue, WA
Population: 124,000
Unemployment: 5.8%
Pluses: Natural beauty, excellent schools, diversity
Minuses: Pricey real estate, rain

If forested cityscapes are your thing, this is your kind of place. Bellevue’s compact downtown bristles with new skyscrapers that seem to hover above Lake Washington — and when the clouds part, mountain views loom.

Real estate isn’t a bargain, but the town’s jobless rate is more than two points below that of the Seattle metro area, thanks to a recent influx of jobs from such employers as Microsoft (which has moved 6,500 positions here), T-Mobile, Verizon, and Expedia. In fact, Bellevue has more jobs than it does residents.

And the population is diverse: Nearly a quarter of residents are Asian, and nearly a third are foreign born.

The town’s high schools consistently land at the top of state rankings; despite school funding cuts throughout Washington, the town has been able to enhance special ed and gifted programs. There’s an embarrassment of arts and entertainment riches, including a philharmonic orchestra, fine arts museum, children’s museum, botanical garden, youth theater, annual jazz festival, and 74 (!) parks.

5. McKinney, TX
Population: 125,000
Unemployment: 7.8%
Pluses: Affordable homes, charming downtown
Minus: Traffic headaches

Lots of towns near Dallas have low crime, affordable homes, and good jobs; McKinney is no exception. What makes it stand out is its gem of a downtown. Lovingly restored 19th-century buildings house restaurants, boutiques, and galleries; the 1875 courthouse contains a new performing-arts center.
McKinney’s employment opportunities are robust, sparing many residents a rush-hour drive of up to an hour to Dallas. Defense contractor Raytheon has a 3,700-person division here, and a mix of businesses in financial services, medical technology, and eco-friendly manufacturing are moving in.

Though McKinney has grown like mad over the past decade, you’d never suspect it when driving through its tree-filled communities surrounded by ponds, parks, and hiking trails. Residents say the town has handled the influx well, building plenty of new schools and hospitals.

And the relatively low real-estate prices thrill transplants from more expensive locales: A five-bedroom house, with a pool, set on a golf course might go for $440,000, and you can find homes for a third as much.

6. Fort Collins, CO
Population: 141,000
Unemployment: 7.4%
Pluses: Outdoor activities, steady economy
Minus: School budget cuts

Bikers and beers. In most parts of the country, those two elements may be reasons to move elsewhere. But in the foothills of Colorado’s Front Range, bikers mean cyclists: Fort Collins has 29 miles of well-used trails.

As for beers, this town has become a high-end microbrew mecca. New Belgium Brewery (maker of Fat Tire) is based in this entrepreneurial town, and competitors are moving in.

People here aren’t slackers either. Bolstered by Colorado State University, which employs 7,000, "the Fort" is a center of economic activity. Hewlett-Packard, the city’s second-largest employer, announced worldwide layoffs in June, but they won’t affect Fort Collins. In fact, the company is adding jobs here.

This idyllic town — No. 1 in 2006 — would rank even higher but for one thing. (No, it’s not last summer’s Balloon Boy hoax, perpetrated by the local Heene family.) Colorado schools are hurting. After the state sliced public schools budget this year, Fort Collins’s Poudre School District laid off 139 full-time employees.

7. Overland Park, KS
Population: 175,000
Unemployment: 5.3%
Pluses: Good schools, low cost of living
Minuses: Some job losses, not much excitement

Ask residents why they chose this Kansas City suburb and you hear one thing over and over: the schools.

Other draws include a 300-acre arboretum and botanical garden, a biweekly farmers’ market, and a brand-new 12-field soccer complex, which hosts local and national tournaments.

Overland Park’s biggest challenge in recent years has been from its largest employer, Sprint. The company laid off more than 3,000 people here from 2007 to 2009.

But the town has had enough success attracting new employers that its jobless rate is still well below the national average. What’s more, a division of J.P. Morgan plans to move 800 positions here early next year.

8. Fishers, IN
Population: 69,000
Unemployment: 6.2%
Pluses: Very low crime, inexpensive homes
Minus: Short on charm

This Indiana town offers a winning combination of low-cost houses (you can snag a three-bedroom for less than $150,000), easy access to the big city, and good schools.

Plus, Fishers is booming. Development abounds and fully 1,600 jobs were created here last year; major employers include Sallie Mae and medical device firm Roche Diagnostics.

True, Fishers will never put anyone in mind of a quaint New England village. But thanks to its myriad advantages, including lots of community spirit, residents aren’t complaining.

Sums up Debra O’Donnell, 46, a mother of two: "It’s very easy to live here."

9. Ames, IA
Population: 60,000
Unemployment: 4.3%
Pluses: Jobs galore, welcoming vibe
Minus: Cold winters

Unemployment at 4.3%? That’s not a misprint: Ames is the home of Iowa State University, which employs 9,000, and there are lots of biotech and agriculture jobs nearby. Like many states, Iowa has trimmed university funding, but the school has not had to make drastic cuts.

If the people who live here get bored, they have only themselves to blame. Besides Iowa State’s cultural and athletic offerings, Ames boasts 36 parks, a bustling shopping district, and a new aquatic center.

Sports are big in this town: The high school boys basketball team, girls tennis team, and girls golf team are state champions. But the friendliness of the community is what newcomers tend to remark upon most.

Says Craig McFarland, 55, a financial adviser who moved here with his family in 2006: "Our first day, a neighbor came over with cookies."

10. Rogers, AR
Population: 57,000
Unemployment: 5.8%
Pluses: Low cost of living, diversity
Minus: Strip malls

If you’re inclined to dismiss a small city in Arkansas as a backwater, you’re making a big mistake. Rogers is right next door to Bentonville, where Wal-Mart is headquartered.

Given the power of the retail behemoth, many Fortune 500 firms that sell it their wares have moved executives to the area. Lots of them have settled in Rogers, giving it a cosmopolitan feel. (Wal-Mart’s CEO, Mike Duke, also calls Rogers home.)

They’re drawn by top-notch schools and outdoor activities, including swimming and wakeboarding on the town’s two lakes and golfing on its five courses.

(Not all is picture perfect: Rogers does contain some rundown areas.) Though Wal-Mart has had layoffs in recent years, the jobless rate here remains low.

See the full list of the 100 Best Places to Live in America

Although the Extended Home Buyer Tax Credit expired on April 30, 2010, home buyers who signed a written, binding contract by that date and close before July 1, 2010 may still be able to claim the credit. Below you will find general information about who can claim the credit and how. 

If you have specific questions or need additional information, please contact a tax professional or the Internal Revenue Service at 800-829-1040.

Latest News

(June 30, 2010) Congress has passed an extension of the Homebuyer Tax Credit closing deadline, the Homebuyer Assistance and Improvement Act (H.R. 5623). The extension applies only to transactions that have ratified contracts in place as of April 30, 2010 that have not yet closed. The legislation is designed to create a seamless extension. The new closing deadline for eligible transactions is September 30, 2010. There will be no gap between June 30 and the date the President signs the bill into law. NAR worked closely with Congressional leaders on both sides of the aisle to enact this important legislation. Extending the Tax Credit Closing deadline will help provide additional stability to real estate markets across the nation.

Source: http://www.realtor.org/home_buyers_and_sellers/2009_first_time_home_buyer_tax_credit

Home prices in the Fort Collins-Loveland metropolitan statistical area increased in April by 2.45 percent, including distressed sales, compared to April 2009. In March, prices increased 1.83 percent year-over-year. Without taking into account distressed sales, Fort Collins-Loveland had a 2.52 percent increase.

In Greeley, prices were up 4.86 percent compared to April 2009, slightly less than March’s year-over-year increase of 5.66 percent. Without accounting for distressed sales, Greeley’s home price index was up about 4 percent in April.

Nationally, home prices increased in April by 2.6 percent, marking the second consecutive month with a year-over-year increase. For March, prices were up 2.3 percent. Since the price index peaked in April 2006, prices have declined 29.5 percent including distressed properties and 21.1 percent without them.

“The monthly increase in the HPI shows the lingering effects of the homebuyer tax credit,” said Mark Fleming, chief economist for CoreLogic, in a prepared statement. “We expect that we will see home prices remain strong through early summer, but in the second half of the year we expect price growth to soften and possibly decline moderately.”

Source: http://www.ncbr.com/article.asp?id=52167

From Northern Colorado Business Report

Use our list of common house-buying mistakes to avoid costly regrets.  

1.  Doing it alone. Buying a house is a complex transaction. Even if you don’t use an agent, you’ll need a complete, dependable team: lender, lawyer, inspector, insurer, as well as referrals and advice from friends and family. Enlist the help of these individuals early in the buying process.  

2.  Buying at first sight. You may be in love with the place, but does it fit your family’s needs and budget? Make a list of your needs and wants and make sure the house fits your requirements. Check out the neighborhood and the community before you buy by visiting at different times of the day and week to learn about noise and traffic patterns. Even if you don’t have kids, check out the local schools to make sure your resale value will be good.  

3.  Not getting pre-qualified and pre-approved. Being pre-qualified gives you a general idea of how much you can afford to borrow. Being pre-approved means a lender has verified your information and credit rating and agreed to provide you with a specific amount of money. You are in a better position to go house hunting knowing exactly how much you can afford and that you have financing.  

4.  Overbuying. You may qualify to borrow more, but can you afford to? Analyze your monthly costs: debt, food, transportation, entertainment, and savings. As a general rule, your total monthly debts, including your mortgage, should not exceed 36 percent of your income before taxes. Be sure to budget enough to cover closing costs (often two to five percent of the home’s purchase price), plus moving, redecorating and maintenance. Allow for increases in ongoing expenses such as utilities and taxes.

 5.  Misplacing your trust. No matter how much you like the agent, sellers, inspector, or the guy down the block who vouches for them, remember this is a business transaction. Your decision is binding. Do your own research and know your support team’s roles and responsibilities.  

6.  Relying on oral agreements. Get it right and get it in writing. Written agreements almost always trump oral ones when it comes to contracts. If the offer says the lawnmower is negotiable, but the agent says it’s included, get it in writing.  

7.  Skipping the fine print. You need to understand what you’re signing before you pick up a pen. Ask for documents in advance, make time to read them and ask questions. Get copies of your mortgage papers a few days ahead of closing.

 8.  Forgetting or betting on resale. Avoid buying a home that costs 50 percent more than neighboring homes and think before buying the most expensive home on the block. Your neighbors’ lower home values will weaken yours. Remember, markets change. If you buy intending to flip your investment and the market falls and you have to sell, your selling price may not be enough to even cover your mortgage.  

9.  Making an unconditional offer. Protect yourself with at least two of these contingencies in your offer:

• Mortgage financing — You’re pre-approved, but is the house? Before a bank will lend you money, it will want a formal appraisal of the property to confirm that there is sufficient equity in it to warrant the loan. If the house appraises lower than the sales price, the loan may be declined.
• Inspection — never buy an existing or new home without a thorough home inspection. Walk through the home with the inspector to learn more about the house and any concerns he or she may have.
• Insurance — confirm you can get adequate coverage. In some areas, it’s difficult to get hazard insurance.  

10.  Having buyer’s remorse. No place is perfect. There will always be surprises. Don’t let a few initial blips spoil the whole ride. And don’t miss a great house waiting for the perfect one!

Want to search for your next home without ever getting out of your pajamas? There is an Internet site for that. Do you want to know how much the mortgage payment will be for certain types and sizes of loans? There’s a site for that. Do you want to know the relative values for homes in your neighborhood? Yes, there’s a site for that, too. And once you move into that new home, there are sites to help you find local schools, restaurants and even your next dentist.

Here’s a list of some favorite websites for people interested in buying or selling a home, remodeling their existing residence, or just looking for local information on their new neighborhood. There are countless websites, of course, and we don’t claim to have the ultimate list – these are just ones that we have found can be very useful for homeowners and those looking to become owners.

• Colorado Homes.com Coldwell Banker’s consumer web site offers a myriad of tools for home buyers and sellers, including advanced search engines, tips on buying and selling, relocation information, and even community facts, figures and links.

• Realtor.com In that same vein, Realtor.com is also a good consumer web site, especially for those thinking about relocating to other regions or want advice on buying or selling, as well as hiring an agent. There are articles on the market, consumer tips, and even suggestions on gardening and remodeling.

• Coldwell Banker Colorado Table Talk If you’re looking to get your real estate feet wet, start with blogs such as this one from Coldwell Banker Residential Brokerage. They give great tips, are easy to read and are updated frequently. This site also has 50 other real estate blogs: http://bankling.com/2009/top-50-real-estate-blogs/

• Fort Collins Coloradoan Our local newspaper’s web site offers the latest news, sports and business, but also good restaurant and movie reviews, job search engines, and valuable community information and links for all homeowners, including open house ads and realtor guides.

• Bankrate.com Now that you’ve decided where you’re going to buy, this site will help you figure out how much you can afford. This is one very popular financial web site because it offers mortgage rate comparisons, links to lenders, and literally dozens of different types of calculators to figure it all out.

• Local Yahoo So you’re ready to move into your new home. Now what? Go to this site to find a plethora of useful links and information on everything from local restaurants and coffee shops to city offices and police departments to public utilities to get the water and gas turned on.

• Yelp.com Another great site for newcomers to an area is Yelp, which features customer reviews and ratings on every imaginable local business. Sure there’s the usual restaurant ratings, but you’ll come here to find favorite dentists, veterinarians, gardeners and yes, even real estate agents.

• Service Magic.com For those homeowners planning to remodel or just looking for a contractor to do some routine work, this web site can be quite useful. Service Magic prescreens a wide variety of contractors and also incorporates customer ratings in order to provide a list of recommended businesses.

• Home Tips.com Run by Don Vandervort, a host on HGTV and well-known author of do-it-yourself books, this site – as you might guess – specializes in articles on how to maintain and remodel your home. One of the favorite search engines helps the weekend warrior figure out how to do a wide variety of repairs and save money.

Additionally, the Fort Collins/Loveland area is ranked 80th among major metropolitan areas across the nation with a one-year projection of -1.38 percent and edging just past the Boulder metro area, ranked 82nd, with a one-year projection of -1.45 percent. The Denver metro area still leads Colorado at the 79th place with a one-year projection of -1.37 percent.

In the last quarter, Fort Collins/Loveland ranked 108th across all other metro areas with a one-year projected appreciation rate of -1.15 percent. Boulder ranked 84th with a rate of -0.56 and Denver ranked 112th with a rate of -1.19 for the 2009 3rd quarter.

Click here to read the full FHFA report.

1. Buff up curb appeal
2. Enrich with color
3. Upgrade the kitchen and bathroom
4. Add old-world patina
5. Screen hardwood floors
6. Clean out and organize closets
7. Update window treatments
8. Hire a home inspector

With just a few quick, easy home upgrades, you could easily add a momentous amount of value to your home! It’s also good to always remember that sometimes you can gain the most value on your home by just fixing a lot of the “little” problems. Some of the bigger projects are not always worth the time and effort for the amount of value you will get out of them!

To read the full article from Realtor Magazine, click here.