Market Conditions
First Time Homebuyer Tax Credit Extended Into 2010!
November 11, 2009 by jjensen · Leave a Comment
First Time Homebuyer Tax Credit Extended Into 2010! Plus…A New Tax Credit for Certain Existing Home Owners! It’s official. President Obama has signed a bill that extends the tax credit for first-time homebuyers (FTHBs) into the first half of 2010. This program had been scheduled to expire on November 30, 2009. In addition to extending [...]
Legislative Alert from Nat’l Assoc of Mortgage Brokers on Homebuyer Tax Credit
November 11, 2009 by jjensen · Leave a Comment
November 5, 2009 Earlier today the House of Representatives passed legislation to extend and expand the $8,000 first-time homebuyer tax credit, which was approved by the Senate this week. The legislation will be sent to the President, and upon his signature, made law. NAMB strongly advocated for an extension and expansion of the homebuyer tax credit, and considers this [...]
Springs Ranks 41st Among nation’s biggest 100 cities
June 22, 2009 by kcolgin · Leave a Comment
Colorado Springs’ economic performance amid the recession ranks No. 41 of the 100 largest U.S. cites, according to a Brookings Institution study about the economic downturn’s impact on urban America. Denver ranked No. 39. In its “Metro Monitor” report, released this week, the Brookings Institute assessed how the recession has affected big-city employment, wages, gross [...]
Economists React: Shift from ‘End of the World’ to ‘Regular Slump’
May 26, 2009 by kcolgin · Leave a Comment
The following article contains economists and others weighing in on the jump in consumer confidence. The index level is almost now back to where it was last summer, which was just before panic and paralysis set in and the index fell off a cliff to levels never before recorded. With the recovery in the [...]
Jobs: Finally a Little Less Doom
May 6, 2009 by kcolgin · 2 Comments
ADP says there were 31% fewer private sector job losses in April, while outplacement firm says pace of layoffs slows. NEW YORK (CNNMoney.com) — The pace of U.S. job losses may be slowing, according to two private reports released Wednesday. Automatic Data Processing, a payroll-processing firm, said private-sector employment decreased by 491,000 in April, [...]
A Promising Sign – Fed Chairman Bernanke Points to Signs of Bottom of Economy and Upward Turn
May 6, 2009 by kcolgin · Leave a Comment
RISMEDIA, May 6, 2009-In a testimony delivered before the Joint Economic Committee, U.S. Congress in Washington, D.C., Federal Reserve Board Chairman Ben Bernanke offered his views on recent economic developments, the outlook for the economy and current condition in financial markets- most notably pointing to the evidence that the economy may be bottoming out and [...]
More homes get multiple offers; downturn may be nearing end
May 6, 2009 by kcolgin · Leave a Comment
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 [...]
Credit Scores Fact vs. Fiction
March 31, 2009 by kcolgin · Leave a Comment
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 [...]
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.
March 31, 2009 by kcolgin · Leave a Comment
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 [...]
Forbes Magazine Lists Colorado Springs as #10 in Best Places for Businesses and Careers
March 27, 2009 by kcolgin · Leave a Comment
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 [...]
