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City lags at the wrong time

Usually in this space, we look at issues through an upbeat lens, helping readers see the positive aspects of the Colorado Springs-area business community. We think it’s important to make sure more people hear and learn about the good things happening in our midst. But sometimes it’s just as vital to share and analyze what’s… Continue Reading City lags at the wrong time

More good real estate news for area

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The second quarter 2013 report of the top 160 metropolitan areas from the National Association of Realtors indicates that median home prices continued to rise in the majority of cities, with the national year-over-year price showing the strongest gain in 71/2 years. Even better news is that “despite rising prices and higher mortgage interest rates,… Continue Reading More good real estate news for area

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Federal tax credits have resulted in a surge of first time homebuyers. The National Association of Realtors reports that 47 percent of all home sales from July 2009 through June 2010 were first time homebuyers. Seventy-one percent of those buyers said they took advantage of federal tax credit programs. Read more here.

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Home sales rise 9.4 percent in September

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WASHINGTON (AP) – Home resales rose far more than expected last month to the highest level in more than two years as buyers scrambled to complete their purchases before a tax credit for first-time owners expires. The National Association of Realtors says sales rose 9.4 percent to a seasonally adjusted annual rate of 5.57 million during… Continue Reading Home sales rise 9.4 percent in September

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First-time homebuyers seizing opportunity

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WASHINGTON (AP) – Sales of previously occupied homes jumped unexpectedly in February by the largest amount in nearly six years as first-time buyers took advantage of deep discounts on foreclosures and other distressed properties. Economists said sales, while still at levels not seen since 1997, may finally be coming back to life after declining sharply… Continue Reading First-time homebuyers seizing opportunity

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