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Unformatted text preview: potential buyers’ expectations. People are becoming more pragmatic about
comparing the investment value of a home with
the expense of home ownership.
Very strict home loan underwriting policies also
continue to suppress housing demand, with most
lenders requiring higher down payments and sterling credit histories. Mortgage lenders anticipate
further obstacles to financing home purchases as new federal regulations are developed in accordance with the Dodd-Frank financial reform and
A significant drop in mortgage delinquencies in
2011 will reduce downward pressure on home
prices as foreclosure sales by lenders will also
decline. However, this will take time—the number
continued on page 30 Single-Family Housing
Bouncing Along the Bottom vALUE OF COnSTRUCTIOn In COLORADO By TyPE
VALUE OF CONSTRUCTION BY TYPE
2003 - 2012
(In Millions of Dollars)
(In Millions of Dollars) Single-family permits peaked at more than 40,000
a year in 2004, but activity fell sharply with the
recession. A 22% increase in 2010, to 8,790 permits, appeared to signal a significant recovery, but
the improvement stalled in 2011. Pe...
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This note was uploaded on 02/11/2013 for the course MGMT 231 taught by Professor Yu during the Spring '13 term at Bauder.
- Spring '13
- The Lottery