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Once again, there’s a lot of news to report. From the two large Bethesda office building and Pace Plaza retail center sales reported last week to this week’s leases and transactions, there’s never a dull moment on the Colorado Springs real estate scene. Bill May of Classic Mortgage said last week that commercial mortgage rates… Continue Reading Colorado Springs Real Estate Briefs Oct. 11, 2002

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With almost a year of real estate columns behind me, I realize how much there is to report in this ever-changing, fast-paced field – and so many stories still to tell. Downtown re-development deserves a full column – as do many of the transactions the Colorado Springs Business Journal reports each week. In the days… Continue Reading Colorado Springs Real Estate Briefs October 4, 2002

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A national research firm says the top three home builders in the Colorado Springs/Denver market are Village Homes, Pulte Homes, and Engle Homes (in order based on customer satisfaction). Pulte Homes is prominent in the Colorado Springs market. Village Homes ranks highest in customer satisfaction in the Denver/Colorado Springs home-building market, according to the J.D.… Continue Reading Springs builder ranks among area's top three in quality

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Kevin Patterson, CEO of Prudential Professional Real Estate, laid out the challenges ahead for residential realtors on Wednesday, September 11 at the Tri-Lakes Marketing Forum held at the Gleneagle Country Club. The monthly event, organized by co-chairs, Kim Rossbach of McGinnis/GMAC Real Estate and Michael Podoyak of North Caent. Patterson’s remarks focused on the state… Continue Reading Local real estate leader looks at residential trends

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Real Estate Briefs September 13, 2002

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Aloha…A Post- Vacation Perspective Just when you thought Colorado Springs was the only locality faced with environmental challenges (e.g., the Preble mouse), consider Kailua-Kona, Hawaii. The “Big Island” relies heavily on Highway 19 (which loops the entire island). Unfortunately, some parts of the highway narrow to two slow lanes near the coffee plantations. In an… Continue Reading Real Estate Briefs September 13, 2002

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Real Estate Briefs September 6, 2002

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Masterbilt Homes Introduces Fresh Concept Every once in a while a homebuilder steps outside the box and starts a completely new trend. Jack Weipking, president of Masterbilt Homes, certainly gets credit for taking a very large step in introducing the Pikes Peak region to Traditional Neighborhood Design (TND), which has evolved around the country as… Continue Reading Real Estate Briefs September 6, 2002

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Up to 200,000 individuals and families could be eligible for home loans within the next five years because of a $35 billion investment plan by FannieMae, the nation’s largest source of financing for home mortgages. Called “The American Dream Commitment,” it is part of the Bush administration’s commitment to creating 5.5 million new homeowners by… Continue Reading FannieMae could help 200,000 more Coloradoans secure home financing

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Despite some of the lowest mortgage rates in decades, the single-family home market in Colorado Springs is slowing – but not as fast as was feared. Compared to 2001, year-to-date new single-family residential building permits are down almost 12 percent. That is a “markedly better performance than the 20 percent decline,” said Fred Crowley, economist… Continue Reading Colorado Springs housing market begins to slow down

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Real Estate Briefs August 23, 2002

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Recently Wells Fargo published findings indicating that in the past ten years, the average stockholder earned $23,000 in the stock market and the average homeowner earned $44,000 in home equity. An interesting observation… With mortgage rates at a 35-year low, the company says in 1998, rates were below 7 percent for a total of 17… Continue Reading Real Estate Briefs August 23, 2002

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Poet’s Lofts are ready for occupants

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Thought I’d be a poet, So I found me a loft Went inside for a look see, Found my pocketbook’s too soft – Unknown The trend may have started in Greenwich Village, when Ginsberg, Kerouac, and Burroughs were eking out a living, making do with coldwater flats at the wrong end of a long voyage… Continue Reading Poet’s Lofts are ready for occupants

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