RSS

Archive | July, 2012

CoreLogic: National foreclosures down

31. July 2012

Comments Off

There were 25 percent fewer completed foreclosures nationally in June 2012 than there were in June 2011, according to a report from real estate analytics firm CoreLogic. The number of completed foreclosures dropped from 80,000 nationally in June of last year to 60,000 this year. Since the financial crisis began in September 2008, there have […]

Continue reading...

Investors buy 5 properties at foreclosure

30. July 2012

Comments Off

Investors bought five of the 25 properties that sold in the El Paso County Public Trustee’s foreclosure auction July 25. The others were returned to the lenders. Jeffrey G. Crank paid $46,000 for a 978-square-foot ranch home built in 1970 at 1843 Saratoga Drive (80910). That was more than lender Bank of America’s initial bid […]

Continue reading...

CoreLogic: Foreclosure rate falls

25. July 2012

Comments Off

The foreclosure rate in Colorado Springs dropped slightly from this time last year. According to real estate analytics firm CoreLogic, the foreclosure rate dropped .15 percent points from 1.58 percent in May 2011 to 1.43 percent in May 2012. The drop was slightly higher than the national average, where foreclosure rates only fell 0.05 percentage […]

Continue reading...

NAR: Home inventory down, prices up

23. July 2012

Comments Off

The number of homes listed for sale on the Multiple Listing Service is down year-over-year in Colorado Springs and other metro areas throughout the state. The National Association of Realtors released data earlier this week that shows a 19.22 percent decline in the number of home listings between June 2011 and June 2012. There were […]

Continue reading...

Investors buy five properties at foreclosure auction

19. July 2012

Comments Off

Investors bought five of the 28 properties that sold in the El Paso County Public Trustee’s foreclosure auction July 18. The rest sold to original lenders. IDP Capital paid $110,356 for a 1,370-square-foot split-level house built in 1986 at 4525 Cassidy St. (80911). Lender Bank of America made an initial bid of $105,756. Michael and […]

Continue reading...

Empire Title partners with national short sale company

17. July 2012

Comments Off

Empire Title of Colorado Springs announced a partnership with Summit Mitigation earlier this summer. The partnership will allow the title company to help clients work through the short sale process more easily, according to a press release from Empire. Empire has a short sale subsidiary, Short Sale Solutions. “We were kind of on the forefront […]

Continue reading...

Report: Commercial market makes modest 2Q gains

16. July 2012

Comments Off

Commercial real estate figures in the second quarter showed some mild improvement, according to a report from Hoff & Leigh. Citywide vacancy rates dropped fractions of percentage points in office, industrial and retail markets. Asking lease rates increased slightly in retail and industrial markets, but fell slightly for office spaces. Hoff & Leigh reported an […]

Continue reading...

Commercial brokers announce recent transactions

9. July 2012

Comments Off

Colorado Automotive Services signed a new lease on a 2,640-square-foot industrial space at 3413 N. Prospect St. (80907). Cameron Butcher was the listing agent, who represented property owner Magnum LLP. Aaron Horn, a broker at Sierra Commercial Real Estate, represented the new tenant. Arapahoe Fire Protection purchased a 4,800-square-foot industrial space at 95 Talamine Ct. […]

Continue reading...

Colorado Engineering prepares to expand with new building

3. July 2012

Comments Off

A local engineering firm purchased a building on the north end of town with plans to expand and hire. Colorado Engineering Inc., through its subsidiary Law Land Company, purchased 1915 Jamboree Drive, a 39,000-square-foot flex building near the Chapel Hills Mall. National American University currently occupies about 10,000 square feet in the building, said Mike […]

Continue reading...