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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 other initiatives. 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 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.

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