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Archive | December, 2011

Tech company buys north side office building

30. December 2011

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XLedger, recognized as one of the fastest growing technology companies in the country, recently purchased a new building at 1310 United Heights Rd. Colorado State Bank and Trust sold the 23,557-square foot former First Bank of Colorado building to the homegrown tech firm for $2.31 million. That averages to about $98 per square foot. XLedger, […]

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CoreLogic: Shadow inventory still high

21. December 2011

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Shadow inventory numbers were down year-over-year in October, but were up from July numbers, according to data from real estate analytics firm CoreLogic. Nationally, there are 1.6 million housing units in foreclosure or more than 90 days delinquent on mortgage payments. That represents a five-month supply of real estate inventory. That’s down from 1.9 million […]

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Mortgage rates remain near record lows

12. December 2011

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Mortgage rates dropped again this week and remain at near-record lows. Online analyst MonitorBankRates.com reported that the average 30-year mortgage rate was 3.92 percent Monday morning, down from an average of 3.95 percent last week. Rates have remained low over the last several months since the U.S. Federal Reserve announced a promise in August to […]

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CS foreclosures drop in Sept.

8. December 2011

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September foreclosures in the Colorado Springs region dropped year-over-year, according to a report from real estate analysis firm CoreLogic. According to CoreLogic data, 1.5 percent of all outstanding mortgages foreclosed in September. That’s a 0.19 percent improvement over the 1.69 percent foreclosure rate in September 2010. The Colorado Springs foreclosure rate is also well below […]

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Report: Home sales prices falling

6. December 2011

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Colorado Springs home prices fell in October, according to a report from real estate analytics firm CoreLogic. Home prices, including distressed properties, fell 2 percent from October 2010,  and fell 1.1 percent year-over-year in September, according to the report. Excluding distressed sales, home sales prices rose 0.5 percent year-over-year in October and 0.2 percent in […]

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El Paso County foreclosures fall 26 percent

6. December 2011

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Colorado will have fewer foreclosures than last year as 2011 draws to a close. It’s a trend that is echoed in El Paso County, where foreclosures have fallen 26 percent year to date from 2010 levels. November was the exception, with a statewide foreclosure sales rate higher for the first time in 14 months – […]

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GE Johnson announces completion of county building remodel

5. December 2011

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GE Johnson announced the completion of its remodeling work at the new El Paso County Citizen’s Service Center last week. The new county building, located at 1675 W. Garden of the Gods Road, underwent $13.8 million in renovations. The county Department of Human Services, Health Department, Pikes Peak Workforce Center, Clerk and Recorder, Assessor, Treasurer, […]

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Trustee report: Foreclosure starts fall to 2007 levels

2. December 2011

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The total number of foreclosures in 2011 is on target to drop down to 2007 levels, according to the El Paso County Public Trustee’s report. Foreclosure starts, mortgages that enter the foreclosure process, are down almost 33 percent year-to-date from 2010 and are at their lowest since 2007. Some of that slowdown could be due […]

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