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Home given to injured Army vet

Home given to injured Army vet

For the third time in 2014, U.S. Bank, in partnership with Freedom Alliance and Five Brothers, are set to donate a home to an injured U.S. Army veteran. Wednesday, Nov. 19, Sgt. Patrick McPherson and his family will be welcomed to their new, mortgage-free home at 5171 Fossil Butte Drive in Colorado Springs. McPherson was… Continue Reading Home given to injured Army vet

City tries to bring back what it had

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City tries to bring back what it had

How does a city replace what it once threw carelessly away? From 1960 to 1980, downtown lost approximately 1,000 residential units. Many buildings that contained them have long since disappeared, as has the downtown culture that supported them. The long process of demolition and change was carefully recorded by local photographers Helen and James McCaffery.… Continue Reading City tries to bring back what it had

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List is long of those needing affordable housing

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More than 4,000 names are on a list to obtain affordable housing (2013 Quality of Life Indicators). A few years ago, Martha (not her real name) and her granddaughter lived in a dangerous neighborhood in El Paso County, with high crime and drugs. She feared for her grandchild’s safety, well-being and her education. Martha’s name… Continue Reading List is long of those needing affordable housing

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State foreclosure activity spikes in August

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RealtyTrac, a leading online marketplace for real estate data, on Thursday released an August Foreclosure Market Report which shows 1,478 Colorado properties with a foreclosure filing, up 23 percent from July and up 57 percent from a year ago — the biggest annual increase in Colorado foreclosure activity since April 2007. Colorado Springs’ foreclosure rate jumped… Continue Reading State foreclosure activity spikes in August

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Blue Dot starts a new trend

“Why are we going ahead?” asked Darsey Nicklasson. “Because Colorado Springs needs this.” In a letter explaining their decision to go ahead with their long-planned, 33-unit Blue Dot apartment development on South Nevada Avenue, Nicklasson and partner Kathy Loo made their point in a single sentence. “We will continue to be a very active part… Continue Reading Blue Dot starts a new trend

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Foreclosure rates in Colorado Springs decrease

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Foreclosure rates in Colorado Springs decrease

Foreclosure rates in Colorado Springs decreased for the month of June over the same period last year, according to newly released data from CoreLogic. The CoreLogic data reveals that the rate of Colorado Springs foreclosures among outstanding mortgage loans was 0.82 percent for June 2014, a decrease of 0.04 percent compared to June 2013 when… Continue Reading Foreclosure rates in Colorado Springs decrease

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July real estate stats bring positive details

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Some interesting facts came to mind as I was looking over the new Pikes Peak Association of Realtors report. While local sales are basically the same as they were a year ago, the full report includes an “investor snapshot” that indicates single family/patio homes sales in July were the highest for the month since 2007.… Continue Reading July real estate stats bring positive details

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Dreaming of a downtown five-plex

Small developers find different obstacles every step of the way What’s the key to downtown development? Is it City for Champions, tearing down the Martin Drake Power Plant, or is it something else? We don’t know. But regardless of your position on C4C or Drake, you likely agree with downtown boosters that more residential development… Continue Reading Dreaming of a downtown five-plex

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Black Forest rebuild worthy of Parade of Homes

Kristian and Jaenette Coyne are self-described Parade of Homes buffs. The Black Forest couple travels to Summit County and Denver to get their fix. This August, they’ll need only roll out of bed to begin touring one of this year’s Housing and Building Association’s annual parade homes. “I never thought we would be rebuilding a… Continue Reading Black Forest rebuild worthy of Parade of Homes

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Housing starts locally will come close to meeting the demand this year, according to a leading area economist. New building permits are running ahead of last year; permits totaled 1,217 through July 2012, increasing to 1,757 for the first seven months this year, a jump of 44 percent. Fred Crowley, economist with UCCS, tracks supply… Continue Reading Local housing starts should meet demand as permits skyrocket

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