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U.S. homeowners have less than one month to utilize a federal tax credit aimed at encouraging home energy efficiency. The measure, created by the Energy Policy Act of 2005, allows for a credit of up to 10 percent – or $500 – of the cost of materials for certain home improvements completed before Jan. 1,… Continue Reading Time running out for energy efficiency tax credit

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For the first time in 13 years, house prices fell in 21 states during the third quarter, according to a government index. Average home prices fell by 0.4 percent nationwide from the previous quarter, according to the latest Office of Federal Housing Enterprise Oversight House Price Index [730 Kb PDF]. The index tracks homes with… Continue Reading Pikes Peak region continues to see home price stability

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National women’s sportswear retailer Title Nine will move into the longtime vacant downtown retail space next to Terra Verde this spring. The storefront, at 210 N. Tejon St., has sat empty for more than three years. The space, along with Terra Verde’s, was once home to the Chinook Book Shop, but when Chinook went out… Continue Reading Title Nine to fill longtime empty space next to Terra Verde

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Commercial sales affected by credit crunch

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Office building sales across the U.S. fell 70 percent during October from a year earlier, according to a report this week from Reuters. The story said a Nov. 20 report issued by Real Capital Analytics shows that sales of office properties that typically sell for more than $5 million fell to $4.4 billion during October.… Continue Reading Commercial sales affected by credit crunch

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The El Paso County Veteran and Military Affairs Office has moved from the Department of Human Services at 105 N. Spruce St. to the first floor of the Robert L. Russel Building at 105 E. Vermijo Ave. The office assists residents who served in the Army, Air Force, Coast Guard, Navy and Marine Corps. It… Continue Reading Veteran and Military Affairs Office at new location

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Construction work a little safer last year

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Construction workers across the nation worked more but were injured less often last year. The non-fatal injuries and illnesses case rate decreased from 6.3 cases per 100 workers during 2005 to 5.9 percent last year, according to the Bureau of Labor Statistics annual Survey of Occupational Injuries and Illnesses. Construction injuries and illnesses totaled 412,900… Continue Reading Construction work a little safer last year

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Home values stabilizing?

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There’s some good news on the horizon for residential real estate, but industry analysts don’t go so far as to say that appreciation values have stabilized completely. While home prices fell in 17 states during the last year, most states continue to have stable home values, according to a November sales report from First American… Continue Reading Home values stabilizing?

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The level of outstanding commercial and multifamily mortgage debt grew by 3.4 percent during the second quarter of this year, according to the Mortgage Bankers Association’s Federal Reserve Board Flow of Funds data. The 3.4 percent increase brings the total debt to about $3.1 trillion, an increase of $103.8 billion from the first quarter. Multifamily… Continue Reading Commercial investments grow 3.4 % in third quarter

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The age requirement to qualify for a reverse mortgage keeps getting younger. Melville, N.Y.-based Lender Lead Solutions has introduced Simple60, a new reverse mortgage product available to homeowners aged 60 and older. Reverse mortgages offered to date have required that borrowers be at least 62 years old. And couples applying for a reverse mortgage must… Continue Reading 60 is the new 62 for reverse mortgage standards

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Mortgage applications show slight rise

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Mortgage application volume increased 5.5 percent last week, according to the Mortgage Bankers Association’s weekly application survey. The MBA’s mortgage application index rose to 707.3, from 670.6 the previous week. The survey provides a snapshot of mortgage lending activity among mortgage bankers, commercial banks and thrifts. It covers about 50 percent of all residential retail… Continue Reading Mortgage applications show slight rise

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