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More homes get multiple offers; downturn may be nearing end
By Julie Schmit, USA TODAY More homes for sale are attracting multiple offers as buyers pursue lower-price homes and banks low-ball asking prices to attract competing bids on foreclosures. Multiple bids have picked up in recent months in California and other states hit hard by foreclosures and steep price drops, real estate executives say. “If a house is in a good neighborhood, is maintained... [Read more]
10 Things We Overpay For – Here is a great list of less expensive alternatives
10 Things We Overpay For: You can save big by buying cheap alternatives instead. By Joan Goldwasser, Senior Reporter, Kiplinger’s Personal Finance March 6, 2009 Reprinted with permission from www.kiplinger.com. Does the avalanche of news about layoffs, business losses and a declining stock market have you looking for ways to cut your spending so you can beef up your savings? We’re here... [Read more]
Corporate Philanthropy Expands Beyond Dollars
Corporate Philanthropy Expands Beyond Dollars By Amy Gillentine Colorado Springs Business Journal No matter how small or large, companies say philanthropy is smart business — and part of being a responsible corporate citizen. “It’s definitely a very important part of who we are as a company,” said Bill Hurt, founder of ERA Shields Real Estate. “We’re very lucky, and we’ve been blessed... [Read more]
Carbon Monoxide Bill Signed into Law – Get a free Carbon Monoxide detector for your Colorado Springs Real Estate
Governor Ritter signed HB 1091 into law earlier this week. The new law will cover all new residential construction and existing single-family housing units offered for sale, transfer or rent. Beginning July 1, 2009, a seller of residential real property containing a fuel-fired heater or appliance, a fireplace, or an attached garage will be responsible for assuring that a carbon monoxide alarm is... [Read more]
Credit Scores Fact vs. Fiction
Do you have questions about what is on your credit report? Give me a call. If I can’t answer the question as your Colorado Springs Real Estate Agent, I know someone who can! Fiction: The credit score on my consumer credit report should be the same as the one the mortgage company returns. Fact: When mortgage companies order a credit report the credit bureau will include a “mortgage adjustment”... [Read more]
Interest rates are 4.85% for 30 year fixed, 4.75% for 15 year fixed and V.A. is at 5.0% for 30 year fixed.
Last Week in Review “IT REQUIRES A GREAT DEAL OF BOLDNESS AND A GREAT DEAL OF CAUTION TO MAKE A GREAT FORTUNE.” Ralph Waldo Emerson. And last week’s headlines contained a mix of items to inspire both boldness and caution. Here are the highlights. Friday’s news showed that consumers are being understandably cautious with their finances, as the Personal... [Read more]
Colorado Springs Real Estate- Article from Time Magazine regarding real estate and stocks
Waiting to Purchase Real Estate? Sure, housing’s in a hole. But there’s a potent case for buying now, whether it’s real estate or stocks! Source: Article from Time Magazine Famed Money Manager Peter Lynch is perhaps best known for his timeless wisdom that you can beat the pros by focusing on stocks of companies where you either work or shop or have some other edge. But a more relevant... [Read more]
Forbes Magazine Lists Colorado Springs as #10 in Best Places for Businesses and Careers
The following article shows one of the many reasons that I love living in Colorado Springs and helping people find homes by working as their Colorado Springs Real Estate Agent. The economy shed 651,000 jobs in February and 4.4 million since the recession began in December 2007. Only a handful of metro areas have escaped falling employment over the past three months. Yet there are still some places... [Read more]
February 2009 Stats for Colorado Springs Real Estate
February Stats – PPMLS all areas for Single Family and Patio Homes. # of New Listings 1,312 # of Active Listings 4,996 # of Listings Sold 504 % of Active Listings Sold 10% Total Sold Volume $104,328,396 Median Price $178,000 Average Price $207,000 Sale to List Price Ratio 96.5% Average Days on Market 96 Days This representation is... [Read more]
Department of Veterans Affairs with Department of Defense to build new Health Care Center in Colorado Springs
This is excellent news for Colorado’s 426,000 Veterans, not only will there finally be a new VA Hospital in Denver, but Colorado Springs will be receiving a new ambulatory and same day surgery center for both military retiree’s and active duty. Here are some details. “… Secretary of Veterans Affairs Eric K. Shinseki announced today that the Department of Veterans Affairs (VA)... [Read more]
