ULI’s downtown suggestions start with new housing
If there was any doubt of what downtown revitalization means to local leaders, the Downtown Partnership’s Annual Mayor’s Breakfast took care of that Wednesday.
Colorado Springs was the 54th most searched real estate market in the country on Realtor.com in April. The ranking was higher than the 55th place the city had in March. The higher numbers, combined with falling inventory figures, rising list prices and rising sales prices indicate that the real estate market in Colorado Springs is [...]
Continue reading …A new federal program allowing more homeowners who are in trouble with their mortgages to qualify for refinancing is expected to have little impact in Colorado. President Barack Obama on Monday announced the broadening of the Home Affordable Refinance Program to help people avoid foreclosure. According to the Denver Post (http://bit.ly/ud4KCc ), nearly 21 percent [...]
Continue reading …Seeking to circumvent congressional opposition, President Barack Obama will promote a series of executive branch steps aimed at jumpstarting the economy this week, beginning with new rules to make it easier for homeowners to refinance their mortgages. The White House said changes to the two-year-old Home Affordable Refinance Program will help homeowners with little or [...]
Continue reading …The number of multi-family construction permits issued so far this year is at a nine year high, but that doesn’t mean there’s going to be a building boom. The Pikes Peak Regional Building Department has issued 18 permits for developers to construct 407 multi-family units so far this year, the highest number of units approved [...]
Continue reading …When Doug Groninger took over his father’s concrete business in 2004, he followed his father’s advice.
Continue reading …As Colorado Springs’ apartment vacancy rates decrease, inexpensive housing is drying up. And that has more low-income renters turning to affordable-housing providers, like the Division of Housing and Greccio Housing. The city’s apartment vacancy rate is 5.6 percent, a 10-year low, and apartment owners have stopped offering incentives like discounted rent as thousands of troops [...]
Continue reading …Builders broke ground last month on the fewest homes in nearly two years, a reflection of declines in home prices and diminished demand that has made it difficult for them to compete. The Commerce Department says home construction plunged to a seasonally adjusted 479,000 homes last month, down 22.5 percent from the previous month. It [...]
Continue reading …A major contributor to the Great Recession of 2008-2009 was the decline in home prices. For the average household, the equity in their home is their largest asset, comprising a significant portion of their wealth. Wealth dropped an unprecedented $17.5 trillion over the seven quarters between mid-2007 and early 2009. We are beginning to see [...]
Continue reading …The dollar turned higher Thursday after reports on U.S. jobs and home sales indicated that the economy improved at the end of 2010. The government’s weekly jobless claims data showed fewer people filing for unemployment benefits, suggesting that hiring will pick up this year. The National Association of Realtors said sales of previously owned homes [...]
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