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Archive | November, 2011

QUE report: Housing market improving

30. November 2011

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Most indicators for housing market health are improving, according to the Quarterly Updates and Estimates report from the Southern Colorado Economic Forum. Detached single family permit activity picked up in June, with 110 more permits than were issued from June to October of 2010. The report forecasts a 25 percent increase in single family building permits […]

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Report: Negative equity numbers improving

29. November 2011

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While nearly 22 percent of Colorado Springs residents with home mortgages had negative equity in the third quarter of 2011, the high ratio represents improvement. About 33,545 of all residential properties with a mortgage in Colorado Springs were worth less than their owners originally borrowed to pay for them, according to a report from CoreLogic, […]

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Could super committee stalemate impact mortgage rates?

21. November 2011

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As the country braces for the Congressional Super Committee to announce defeat on deficit reduction negotiations today, mortgage rates remain near all-time lows. It’s impossible to know what will happen to rates as a result of the Super Committee decision, or lack there of today, said Roy Clennan, founder and CEO of Colorado Springs-based Freedom […]

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New York firm buys S. Circle apartments

1. November 2011

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A New York investor purchased the 112-unit South Circle Arms Apartments near Valley High Golf Course for $5.4 million. Sequoia Property Partners purchased the complex at 813 South Circle Drive. Ken Green and Kevin McKenna with Apartment Realty Advisors brokered the deal for seller Xebec Realty Partners. The $5.4 million breaks down to $48,214 per […]

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