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Known economist to discuss “Darwin Economy” tonight

Robert Frank, author of The Darwin Economy, will speak tonight in Berger Hall at the University of Colorado at Colorado Springs campus. Frank is a respected economist and the H. Louis Johnson professor of economics at the graduate school of management at Cornell University in Ithaca, N.Y. His address kicks off a two-day economics conference… Continue Reading Known economist to discuss “Darwin Economy” tonight

Report: Foreclosure filings down

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New foreclosure filings in Colorado fell more than 28 percent in the first half of 2011, according to report from the Colorado Division of Housing. There were just 15,348 foreclosures filed  in the state during the first two quarters of the year, which is lower than the 21,369 foreclosures filed in the first half of… Continue Reading Report: Foreclosure filings down

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Upscale home inventories remain high

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The upper end of the residential real estate market won’t be returning to pre-recession levels any time soon. While there were 11.5 percent fewer foreclosures in El Paso County and an 11.9 percent increase in home sales for April 2010 compared to the same month last year, upscale home inventories remain largely untouched. Classic Cos. Executive… Continue Reading Upscale home inventories remain high

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There’s hope on the horizon for the home building industry. National Association of Home Builders April Housing Market Index data, released April 24, suggests that the new home market may be at or near the bottom. The HMI, which measures builder confidence in the single-family housing market, jumped five points in April, the largest one-month… Continue Reading Housing market index: activity at or near bottom

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Fed signals future rate cuts

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The Associated Press WASHINGTON_Federal Reserve Chairman Ben Bernanke warned Congress that the nation is in for a period of sluggish business growth and sent a fresh signal today that interest rates will again be lowered to steady the teetering economy. “The economic situation has become distinctly less favorable” since the summer, the Fed chief told… Continue Reading Fed signals future rate cuts

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Home prices slide in 17 of 20 metropolitan areas

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Home prices in 20 U.S. metropolitan areas fell in December by the most on record, a private survey showed. The S&P/Case-Shiller home-price index dropped 9.1 percent from December 2006, after a 7.7 percent decrease in November. Nationwide, home prices fell 8.9 percent in the fourth quarter from a year earlier, the biggest decline in 20… Continue Reading Home prices slide in 17 of 20 metropolitan areas

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The Associated Press CLEVELAND_The nation’s foreclosure crisis has led to a painful irony for homeless people: On any given night they are outnumbered in some cities by vacant houses. Some street people are taking advantage of the opportunity by becoming squatters. Foreclosed homes often have an advantage over boarded-up and dilapidated houses abandoned because of… Continue Reading Vacant, foreclosed homes outnumbering homeless

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Home prices fell in the fourth quarter in the majority of U.S. metropolitan areas surveyed by the National Association of Realtors, according to a report issued today. The median sale price of a U.S. home dropped 5.8 percent to $206,200 in the last three months of 2007 from $219,000 during the same period of 2006,… Continue Reading Home prices fall nationwide; Springs stable

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It’s taking 10.5 months, on average, to sell a home in the Pikes Peak region. That’s the latest reading from ERA Shields Real Estate, based on the latest Multiple Listing Service data. While homes in the $150,000 to $325,000 range are selling in 7.3 months, single family houses priced from $325,000 to $700,000 are averaging… Continue Reading 10 ½ months to sell a home

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More than 2.2 million foreclosure filings were reported nationally during 2007, an increase of 75 percent compared to 2006. RealtyTrac’s 2007 U.S. Foreclosure Market report also shows that more than 1 percent of all U.S. households were in some stage of foreclosure during the year, up from 0.58 percent during 2006. Nearly 216,000 foreclosure filings… Continue Reading Nearly 2 percent of all Colorado homes in foreclosure

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