President Barack Obama said Friday Congress has a “unique opportunity to do something big” and stabilize the U.S. economy for decades by cutting deficits at the same time it raises the national debt limit ahead of a critical Aug. 2 deadline. He warned starkly that failure would mean “effectively a tax increase for everybody” if [...]
Continue reading …A major contributor to the Great Recession of 2008-2009 was the decline in home prices. For the average household, the equity in their home is their largest asset, comprising a significant portion of their wealth. Wealth dropped an unprecedented $17.5 trillion over the seven quarters between mid-2007 and early 2009. We are beginning to see [...]
Continue reading …Earlier this week the Realtors Commercial and Industrial Society (RCIS) met at the former RockShox offices at 1610 Garden of the Gods Rd. for its November monthly meeting. The commercial and development community turned out in force for remarks by Bill Healy, the city’s new planning director. Based on early conversations with Healy, he’s ready [...]
Continue reading …Judging by recent conversations with some of the commercial real estate community’s finest, the Pikes Peak region is suffering a few setbacks, but most brokers are busy. Foreclosures are up (29 recorded in the Daily Transcript this week), but savvy investors are poised for bargains – and new employers are still making announcements. Here’s hoping [...]
Continue reading …As the drought afflicting Colorado Springs and much of the rest of the state continues, tempers are hot over a deal in which the city utility sold an additional three million gallons of water to irrigate a golf course. The Broadmoor Hotel was sold city drinking water to irrigate its golf course while the rest [...]
Continue reading …Just 18 months ago, the Colorado Springs market was flush with telecommunications providers, but something went awry. The fledgling companies started falling by the webside. One of the survivors is Vanion Corp. Why did Vanion succeed when so many others did not? And now, even as other technology companies announce cutbacks, Vanion has announced plans [...]
Continue reading …Sept. 11th hits U.S. and Co Springs economies but experts predict turn-around
September 28, 2001 Comments OffIt’s been only two and one-half weeks since America became the target of terrorism. Aside from lost lives and economic damage that continues to mount, consumer confidence took a big punch in the gut. People are afraid to fly despite the increasingly lower airfares and some investors are pulling – what is left of their [...]
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