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Kevin Patterson, CEO of Prudential Professional Real Estate, laid out the challenges ahead for residential realtors on Wednesday, September 11 at the Tri-Lakes Marketing Forum held at the Gleneagle Country Club. The monthly event, organized by co-chairs, Kim Rossbach of McGinnis/GMAC Real Estate and Michael Podoyak of North Caent. Patterson’s remarks focused on the state… Continue Reading Local real estate leader looks at residential trends

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Real Estate Briefs September 20, 2002

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Local brokers have been busier than New England cranberry merchants in the past 30 days. Take a look at the dozens of deals completed by all sectors of the commercial real estate industry. Transaction Report Hoff & Leigh Reports $1.5 Million in Sales August proved to be an active month for one of Colorado Springs’… Continue Reading Real Estate Briefs September 20, 2002

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Realizing success with an early entry to e-business

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Some folks thrive – even when faced with a roller-coaster economy. Take Warren and Christine Meacham, for example. As owners of Colorado Online Mortgage (formerly Auer Mortgage), Christine, a mortgage broker since the mid-1980s and Warren, a former commercial banker, have survived sky-high 11 to 14 percent home loan interest rates and skimpy realtor referrals… Continue Reading Realizing success with an early entry to e-business

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Real Estate Briefs September 13, 2002

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Aloha…A Post- Vacation Perspective Just when you thought Colorado Springs was the only locality faced with environmental challenges (e.g., the Preble mouse), consider Kailua-Kona, Hawaii. The “Big Island” relies heavily on Highway 19 (which loops the entire island). Unfortunately, some parts of the highway narrow to two slow lanes near the coffee plantations. In an… Continue Reading Real Estate Briefs September 13, 2002

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Real Estate Briefs September 6, 2002

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Masterbilt Homes Introduces Fresh Concept Every once in a while a homebuilder steps outside the box and starts a completely new trend. Jack Weipking, president of Masterbilt Homes, certainly gets credit for taking a very large step in introducing the Pikes Peak region to Traditional Neighborhood Design (TND), which has evolved around the country as… Continue Reading Real Estate Briefs September 6, 2002

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It is the American dream – owning one’s own home, and over the years it provides a valuable tax deduction as well as a place to live. But if you are over 62, your home could be a source of income through what’s called a “reverse mortgage.” A reverse mortgage is a loan that allows… Continue Reading Reverse mortgages let seniors hang on to their homes longer

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Up to 200,000 individuals and families could be eligible for home loans within the next five years because of a $35 billion investment plan by FannieMae, the nation’s largest source of financing for home mortgages. Called “The American Dream Commitment,” it is part of the Bush administration’s commitment to creating 5.5 million new homeowners by… Continue Reading FannieMae could help 200,000 more Coloradoans secure home financing

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Despite some of the lowest mortgage rates in decades, the single-family home market in Colorado Springs is slowing – but not as fast as was feared. Compared to 2001, year-to-date new single-family residential building permits are down almost 12 percent. That is a “markedly better performance than the 20 percent decline,” said Fred Crowley, economist… Continue Reading Colorado Springs housing market begins to slow down

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The front door opens at Woodmen Wine & Liquor Company, and owner Dee Jones sees three of her regular customers. “Hola!” she says, waving to the familiar Spanish-speaking tradesmen who are stopping by on their way home from a job. At the same time, one of Jones’ wine suppliers is packing up, orders in hand,… Continue Reading Woodmen Wine & Liquor happy with larger location

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Real Estate Briefs August 23, 2002

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Recently Wells Fargo published findings indicating that in the past ten years, the average stockholder earned $23,000 in the stock market and the average homeowner earned $44,000 in home equity. An interesting observation… With mortgage rates at a 35-year low, the company says in 1998, rates were below 7 percent for a total of 17… Continue Reading Real Estate Briefs August 23, 2002

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