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Homes underwater in CSprings

Homes underwater in CSprings

Some 9.1 million homes were seriously underwater in the second quarter of this year, RealtyTrac, the nation’s leading source for comprehensive housing data, announced in its U.S. Home Equity and Underwater Report. To be seriously underwater, the combined loan amount secured by the property is at least 25 percent higher than the property’s estimated market… Continue Reading Homes underwater in CSprings

Home price appreciation slows in 65 percent of U.S. housing markets

RealtyTrac, the nation’s leading source for comprehensive housing data, released its July 2014 U.S Residential & Foreclosure Sales Report Aug. 28. The report shows that U.S. residential properties, including single family homes, condominiums and townhomes, sold at an estimated annual pace of just over 4.6 million in July, down 3 percent from the previous month… Continue Reading Home price appreciation slows in 65 percent of U.S. housing markets

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Despite City Council’s refusal to waive park development fees for downtown development, Darsey Nicklasson and Kathy Loo have decided to move forward with their projected downtown apartment building, Blue Dot Place. They announced their intentions in an email sent to the City Council and Mayor on Wednesday. The 32-unit building will be located at 418… Continue Reading Apartment plans move forward

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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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Army vet brings skill set to inspections

Retired Army veteran Nate Hollis needed a post-military career that would best utilize his attention to detail. Hollis spent his active-duty career either maintaining UH1H Huey helicopters or managing those who did. Today, Hollis owns and operates RCP Home Inspections, a company he launched this year. Starting RCP Home Inspections (the RCP stands for Residential… Continue Reading Army vet brings skill set to inspections

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Apartment sales hot in local area

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Apartment sales hot in local area

Colorado Springs is the newest hot market for the sale of apartments, according to information from the El Paso County Assessor’s Office. The total sales volume of apartment complexes of more than 30 units between Jan. 1 and July 1 in the county topped more than $273.5 million. That compares with a sales volume in… Continue Reading Apartment sales hot in local area

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Griffis/Blessing to manage Village Terrace

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Griffis/Blessing to manage Village Terrace

Griffis/Blessing was selected by Nevada Ventures to provide property management services at Village Terrace, a retail establishment located at 106 East Village Terrace in Woodland Park. Paradox Beer, Jazzercise and Kempo Karate call the 17,040-square-foot building home. “We are very happy with this selection as it is a great addition to our portfolio and a testament… Continue Reading Griffis/Blessing to manage Village Terrace

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Foreclosure activity down

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Foreclosure activity down

Foreclosure activity in Colorado is at its lowest since the housing bubble burst in August 2006, according to RealtyTrac.com, a leading online marketplace for real estate data. A total of 613,874 properties in the U.S. Have defalt notices in the first half of 2014, a 19 percent decrease from the previous six months and down… Continue Reading Foreclosure activity down

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Ron Spraggins, founder and CEO of Commonwealth, Colorado Springs’ oldest apartment brokerage and research firm, announced the sale of Pueblo’s Belmont Square Apartments to a large buyer from Chicago for $5.2 million. The Spraggins team represented both the buyer and the seller in the sale of the 138 unit complex. The apartments are located south… Continue Reading Springs broker involved with $5.2 million Pueblo deal

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