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Construction, operation and maintenance of commercial real estate properties accounted for more than 10 percent of Colorado’s total economic output during 2007. Independent researchers commissioned by the Colorado chapter of the National Association of Industrial and Office Properties or NAIOP-Colorado, found that the state’s commercial real estate sector generated $24.3 billion in direct and indirect… Continue Reading Commercial real estate investment tops $24 billion

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New home sales plunge to 12-year low

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Sales of new homes dove last month to their lowest level in more than 12 years. The Commerce Department reported Friday that new-home sales dropped 9 percent from October to November to a seasonally adjusted annual rate of 647,000 – the worst showing since April 1995, when the rate was 621,000. The median sales price… Continue Reading New home sales plunge to 12-year low

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If it seems to you that more and more people are moving to Colorado every year, you’re right. The U.S. Census Bureau reported yesterday that that state’s population grew by 2 percent, or 95,267 people, between July 1, 2006, and July 1, 2007. That puts the state’s population at 4.8 million and ranks it as… Continue Reading Colorado population up 2 percent

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Fort Carson budget for continued growth

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In view of the 4,800 additional soldiers and new brigade combat team that have been assigned to Fort Carson, an obvious question might be “Will the existing post be able to handle all the new folks?” While it’s still too early to get a reading from the Department of the Army on specific future plans… Continue Reading Fort Carson budget for continued growth

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Representatives from the El Paso County Environmental Services Department attended a public meeting in Denver last night to recommend removing the Preble’s Meadow Jumping Mouse from the Federal List of Threatened and Endangered Species in El Paso County. The move comes after the U.S. Fish and Wildlife Service announced on Nov. 1 that the Preble’s… Continue Reading El Paso County wants Preble’s mouse taken off endangered list

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The National Association of Realtors’ prognosis for 2007 and 2008 home sales is a little more optimistic. The NAR revised monthly forecast calls for existing home sales to fall 12.5 percent this year to 5.67 million. Last month, the association predicted 5.66 million existing homes would be sold this year. Still, the revised figure would… Continue Reading Realtors’ housing market outlook a little rosier

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U.S. foreclosures hit all-time high

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Home foreclosures jumped to an all-time high during the third quarter. A quarterly report released today from The Mortgage Bankers Association said that the percentage of mortgages nationwide jumped to a record high of 0.78 percent during the July-to-September period, beating the previous high mark of 0.65 percent from the second quarter. The delinquency rate… Continue Reading U.S. foreclosures hit all-time high

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U.S. homeowners have less than one month to utilize a federal tax credit aimed at encouraging home energy efficiency. The measure, created by the Energy Policy Act of 2005, allows for a credit of up to 10 percent – or $500 – of the cost of materials for certain home improvements completed before Jan. 1,… Continue Reading Time running out for energy efficiency tax credit

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For the first time in 13 years, house prices fell in 21 states during the third quarter, according to a government index. Average home prices fell by 0.4 percent nationwide from the previous quarter, according to the latest Office of Federal Housing Enterprise Oversight House Price Index [730 Kb PDF]. The index tracks homes with… Continue Reading Pikes Peak region continues to see home price stability

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Home values stabilizing?

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There’s some good news on the horizon for residential real estate, but industry analysts don’t go so far as to say that appreciation values have stabilized completely. While home prices fell in 17 states during the last year, most states continue to have stable home values, according to a November sales report from First American… Continue Reading Home values stabilizing?

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