Real Estate Blog

The Sacramento Business Review and the Sacramento Business Journal presented the 2019 Economic Forecast on Jan. 16 at California State University Sacramento.

A panel of speakers presented data and highlighted issues affecting the local economy. Jim Wunderman, president and CEO of the Bay Area Council, was the keynote speaker.

Check out the accompanying slideshow for names and faces from the event, which featured these panelists:

Elizabeth Catlin with California State University Sacramento
Matt…

As the current development cycle begins to wind down, the developer and property manager is instead setting its sights on acquiring properties. The company's new CEO explains the reasons behind the decision.

The new chief executive, promoted from within, is tasked with growing the multifamily developer and operator in Arizona.

Dan Snyder says although he might be a terrible poker player, he is going all in on his latest venture.

Snyder, an Akron-area native, spent 15 years in the home mortgage business with Wells Fargo and American Bank before founding mortgage company fast-growing Homeside Financial in 2014.

His next chapter is all about Lower, a tech-centered online mortgage and refinancing company that is growing by the day.

Lower aims to help advise people make home financing decisions through an easily accessible…

Paragon Station and Paragon Village could add a combined 116 condos, depending on the final density approved by Gwinnett County.

Wondering where it's better to rent versus buy in Denver? We've done the math.

The most ambitious effort in a quarter century to preserve mountain wilderness and historic landscapes in Colorado will launch Monday with the introduction of a bill in Congress that aims to protect 400,000 acres of public lands in the state.

It would pay special homage to Camp Hale, home to the historic 10th Mountain Division.

The bill — dubbed the Colorado Outdoor Recreation & Economy Act — is spearheaded by U.S. Sen. Michael Bennet and U.S. Rep. Joe Neguse, both Democrats.

“Public lands are really who we are in Colorado,” Neguse, who was recently elected to represent the 2nd Congressional District, told reporters on a conference call Friday. “We will be pushing hard in the 116th Congress to get this bill across the finish line.”

The bill, which goes by the shorthand CORE, is combination of four pieces of legislation that have been introduced over the past decade to preserve land along the Continental Divide in the White River National Forest, designate iconic peaks in the San Ju..

Organizing whiz Marie Kondo’s Netflix show may have people across the country looking to get rid of stuff that fails to “spark joy” in their lives, but don’t expect that craze to impact the clutter of self-storage facilities around Denver.

With a strong economy and a population that continues to boom, self-storage providers see plenty of opportunities to house more stuff for more people in the Mile High metro, and dozens more facilities are already in the pipeline.

Thirty-seven self-storage facilities opened in the 10-county Denver metro area in 2018, bringing the total operating today to 339, according to data and analytics firm STR. That count doesn’t even include Boulder County.

On a square footage basis, that proliferation will slow down by as much as two-thirds in 2019, analysts project. Still, STR is tracking eight more facilities already under construction in the Denver-Aurora-Lakewood statistical area, 12 that are expanding, and 27 more in various stages of planning. Denver ..

Colorado’s century-old public-trustee foreclosure system, the only one of its kind in the country, could be gutted if a Pueblo man wins his case before the U.S. Supreme Court, legal experts say.

The court this month took up the case of Dennis Obduskey, 63, who says lawyers representing banks in the foreclosure process are little different than debt collectors who pester consumers to pay up on an overdue credit card or other unpaid bills.

At issue is whether nonjudicial foreclosures such as those in Colorado and 32 other states are subject to the federal Fair Debt Collection Practices Act, a law that has a broad array of protections for consumers against haranguing debt collectors. Colorado allows for judicial foreclosures, but those are rarely used on residential properties.

“If the Supreme Court rules that FDCPA applies to foreclosures, either Colorado’s public trustee system will need to be re-written, or the whole process will be abandoned for a judicial foreclosure system,” acco..

U.S. home sales fell hard in December, as in a 6.4-percent decline from November and a 10.3-percent drop from a year earlier, according to a monthly update Tuesday from the National Association of Realtors.

Big shifts like that are rare and usually associated with the rollout of a government program. There weren’t any. Big drops can also signal an economic slowdown, although the evidence is still mixed on that front.

“The latest decline is harder to explain. Perhaps it is the decline in consumer confidence that’s been occurring in the latter half of 2018,” said Lawrence Yun, chief economist for the NAR in a release. “The latest numbers do not reflect the lower, current mortgage rates compared to the November figures, so it’s really harder to explain.”

But Lou Barnes, a senior loan officer at Premier Mortgage Group in Boulder and a Fed observer, has some theories, which he shared with agents from 8Z Real Estate, a Denver-based brokerage firm, on Wednesday afternoon.

“I have a feelin..