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Archive | August, 2011

Report: Local home prices fell less in July than in June

31. August 2011

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Homes in some stage of the foreclosure process are driving declining home sales prices nationally and in Colorado Springs, according to recently released report. CoreLogic, a data and analysis provider, released its July Home Price Index today and revealed that home prices fell by 3.9 percent year-over-year in Colorado Springs. The declines were not as […]

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Short sales up in Colorado

30. August 2011

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Short sales are making up a greater percentage of all home sales in the country and especially in Colorado. Recently released data from RealtyTrac show that short sales – when lenders allow homeowners to sell their property for less than they owe on it – accounted for 17 percent of all sales in Colorado during […]

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CO foreclosure rate falls

26. August 2011

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Colorado has a lower percentage of mortgages in foreclosure than most states and saw the rate fall in the second quarter of 2011, according to the National Delinquency Survey, released Tuesday by the Mortgage Bankers Association. Just 2.14 percent of Colorado mortgages are in some stage of foreclosure proceedings. That’s down from the first quarter, […]

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Three homes sell at foreclosure auction

25. August 2011

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Three of 38 foreclosed properties sold to investors at the El Paso County Public Trustee’s foreclosure sale on Wednesday. The other 35 sold back to the original lender. The three that sold to investors included 339 Columbine St., Fountain, 80817; 5007 Old Mill Rd, 80917; and 4 El Sereno Drive, 80906. The home on Columbine […]

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New home sales lowest in a decade

24. August 2011

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While new home sales in the West were up 50 percent this July over new home sales in July of 2010, total sales for the year may still be the lowest recorded in a decade. There were 6,000 new home sales this July in the western region, which includes Colorado. That’s a significant improvement over […]

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Industry experts: Higher construction costs might not last

23. August 2011

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Construction costs increased in July as contractors paid more for materials and were able to charge more for their services, according to an analysis of producer price index figures released today by the Associated General Contractors of America. While the change was good news for the construction industry, analysts wonder how long the trend will […]

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Mortgage rates fall even lower

19. August 2011

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Mortgage rates hit a record low this week. The average rate for a 30-year fixed-rate mortgage this week was the lowest in more than 50 years at 4.15 percent, according to a weekly survey conducted by Freddie Mac. That’s down significantly from 4.32 percent last week and 4.42 a year ago. The average rate for […]

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Two properties sell at foresclosure auction

18. August 2011

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Only two of 37 foreclosed properties sold to investors at the El Paso County Public Trustee’s auction on Wednesday. The other 35 sold back to the lenders. Field of Dreams Investments purchased a property at 1548 Glacier Drive for $56,500. That’s $250 more than the initial bid made by lender JPMorgan Chase Bank. The bank […]

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Two apartment complexes sell

16. August 2011

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As apartment vacancy rates continue to fall – and rents begin to rise, apartment complex sales might become more common. Stuart Sloat, a broker with Rampart Residential, negotiated a deal to sell the Raintree Apartments at 2650 Ore Mill Road near the intersection of Highway 24 and 26th Street on the west side of Colorado […]

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15-year loans popular among refinancers

15. August 2011

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Mortgage rates hit near record lows last week when nervous consumers and international investors rushed to buy United States treasury bonds. As a result, more people are moving to refinance. Roy Clennan, president of local mortgage brokerage firm Freedom Financial Services, said he’s seen a surge of calls about refinancing options. Call volume is up […]

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