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Archive | June, 2011

Equifax: Shadow inventory to supress real estate market

30. June 2011

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Equifax released discouraging data Friday that suggests shadow inventory in the real estate market may continue to suppress prices and the economy in general. Banks continue to write off large amounts for home finance dollars, which includes first mortgage and home equity installment loans as well as home equity revolving accounts, according to an Equifax […]

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Attorney General grant funds foreclosure hotline

30. June 2011

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The Colorado Foreclosure Hotline got a funding boost when Colorado Attorney General John Suthers announced this week that his office has awarded it a two-year, $600,000 grant. The grant will enable the nonprofit to continue its mission of helping homeowners avoid foreclosure. The grant will be funded with money generated from fines and penalties the […]

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Oil company wins Banning Lewis bid

29. June 2011

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An oil and gas company submitted the winning bid to purchase 18,000 acres of the 21,000-acre Banning Lewis Ranch property on the eastern edge of town. Ultra Resources, a subsidiary of Ultra Petroleum, won the bid for the assets of The Banning Lewis Ranch Company LLC, according to bankruptcy court documents. That holding is primarily […]

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Two properties sell at foreclosure auction

29. June 2011

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Only two properties sold at the El Paso County Public Trustees weekly foreclosure auction today. There were 54 properties listed on the pre-sale list and about five sales that were postponed. The two properties that sold included a home at 1449 East Madison St, Colorado Springs, Co 80907. The lender, Deutsche Bank National Trust Company, […]

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Case-Shiller: Home prices inch up March to April, down for the year

28. June 2011

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Home prices nationally rose slightly from March to April, according to the Standard & Poor’s/ Case-Shiller report released today. The report factors home prices in the top 10 and 20 cities in the country. While Colorado Springs is not counted on the list, Denver is. The metro area saw a 1.5 percent boost in home […]

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El Paso County new home activity mirrors regional trend

24. June 2011

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While new home sales in the west were up 33 percent from May, 2010 to this May, they were still the second lowest they’ve been in more than a decade. The western region that the Federal Housing and Finance Agency reports on includes California, said Colorado Division of Housing spokesman, Ryan McMaken. “So when you […]

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Top 10 Foreclosure sales – June 24, 2011

24. June 2011

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Here are the top 10 foreclosure sales, ranked by bid amount, for El Paso County for the sale date of June 15, 2011. 1. Borrower: Rex Slaughter & Associates, LLC Address: 2525 & 2531 Uintah St. Bid Amount: $1,120,000.00 Deficiency Amount: $266,507.62 2. Borrower: Rex Slaughter & Associates, LLC Address: 2020 E. Bijou St. Bid […]

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Showcase of retirement homes this weekend

23. June 2011

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The third-annual Showcase of Retirement Communities will feature four properties dedicated to the needs of Colorado Springs’ seniors in a parade-of-homes style this Saturday from 9 a.m. to 5 p.m. The tours allow people who are considering retirement communities for themselves or who are scoping them out for family to visit and compare properties. Growth […]

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NAR: Existing home sales fell 3.8% in May

21. June 2011

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The National Association of Realtors announced today that existing home sales fell 3.8 percent from April to May nationally. Home sales across the country were down 15.3 percent from May, 2010, according to the association’s figures. That’s the lowest existing home sales have been since November, according to the association. Local home sales were in […]

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Report: Colorado lacks rental inventory for lowest-income residents

17. June 2011

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While there are more affordable rentals for low-income residents in Colorado Springs than there are in Boulder or Fort Collins, they’re still lacking. A report released Thursday by the Colorado Department of Housing shows that there are about 1.7 households in Colorado Springs making an average of $20,000 a year for every rental unit priced […]

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