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Hail Storm in Colorado Springs

We have had a series of several large hail storms in the last few days. If you are living in the Colorado Springs real estate market you are going to want to call your insurance company to have your roof and siding checked out. The insurance company may be paying for a new roof and a new paint job on your home. When hail hits your roof, it tears a small hole or makes an [...]

By | June 8th, 2012|News & Updates|0 Comments

Foreclosure Activity Drops in El Paso County

Published in the Colorado Springs Business Journal 5/09/2012 Foreclosure activity dropped 13.3 percent from the same time last year in El Paso County in April. In metro counties across Colorado, foreclosure filings rose 7.3 percent from April of 2011, but foreclosure sales at auction dropped 36.2 percent. March and April tend to be the high points for the year when it comes to foreclosure filings, but this year, those numbers were quite low compared to [...]

By | May 9th, 2012|Investing in Real Estate, News & Updates|0 Comments

Housing market in Colorado Springs making a comeback

Abbie Burke Producer/Reporter COLORADO SPRINGS, COLO. -- For years the housing market has been a sore subject, but that's all changing, at least locally. According to the Pikes Peak Realtor Services Corporation 784 homes were sold in Colorado Springs last month. That is a nearly five percent increase from last year. "We talk to a lot of people who have what we call 'the consumer confidence' thing going on, where they're feeling like their job [...]

By | May 2nd, 2012|Housing Statistics, News & Updates|0 Comments

Pace of local homebuilding hits a nearly five-year high – Colorado Springs Real Estate

rich.laden@gazette.com Local homebuilding is on a roll. The pace of home construction jumped to a nearly five-year high last month in Colorado Springs and surrounding El Paso County, with industry members crediting low mortgage rates, pent-up demand and improved consumer confidence as among the reasons for improved numbers. I'm encouraged, I think it's going to be a decent year,” said John Cassiani of Banning Lewis Ranch Management Co. and current board president of the Housing [...]

By | May 2nd, 2012|News & Updates|0 Comments

HUD Provides $400 Million in Aid

Many states across the nation saw more than their fair share of natural disasters in 2011. FEB 14, 2012 Realty Times Many states across the nation saw more than their fair share of natural disasters in 2011. These disasters left entire regions struggling to recover. ? That's why the U.S. Department of Housing and Urban Development (HUD) has allocated $400 million in aid to eight states which experienced Presidentially declared natural disaster zones. ? "Last [...]

By | February 14th, 2012|News & Updates|0 Comments

Canadians Develop a Better Way to Track House Price Trends

The Canadian real estate industry says it has developed "the best and purest way of determining house price trends in the housing market." FEB 14, 2012 Realty Times The Canadian real estate industry says it has developed "the best and purest way of determining house price trends in the housing market." The new MLS Home Price Index (HPI) will be used to replace the current method of providing average or median prices. The more accurate [...]

By | February 14th, 2012|News & Updates|0 Comments

Length of Your Mortgage

15-Year, 30-Year, or a Biweekly Mortgage? In the past, the 30-year, fixed-rate mortgage was the standard choice for most homebuyers. Today, however, lenders offer a wide array of loan types in varying lengths--including 15, 20, 30 and even 40-year mortgages. Deciding what length is best for you should be based on several factors including: your purchasing power, your anticipated future income and how disciplined you want to be about paying off the mortgage. What are [...]

By | February 3rd, 2012|News & Updates|0 Comments