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Statewide foreclosures drop below 2007 levels

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Statewide foreclosure filings have fallen to their lowest levels since the Colorado Division of Housing started collecting foreclosure data n 2007. New filings in metro counties fell 43.6 percent year over year in February, according to a report from the Division of Housing. And foreclosure sales at auction fell 41.9 percent. The improvement in the… Continue Reading Statewide foreclosures drop below 2007 levels

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Fabulous February for real estate market

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Wow. Despite the weather, February was another great month for the Colorado Springs housing market. There are positive numbers all across the board. Local residential real estate prices have now increased for 12 straight months on a year-over-year basis, indicating a greatly increased consumer confidence in home buying. To illustrate that, here are some highlights… Continue Reading Fabulous February for real estate market

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Could D-11 be poised for rebound?

Colorado Springs School District 11 and its neighborhoods have problems with a declining population. Student enrollment is dropping, property values are low and retail centers have high vacancy rates. The area, which covers the geographic center of the city, is ripe for revitalization, and some believe it’s on the verge of happening. Others, though, believe… Continue Reading Could D-11 be poised for rebound?

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New bakery to open in former cupcake spot

Orchard Ovens Bakery will open Sunday at 3 E. Bijou St. downtown. The new bakery owners hope to thrive where others have failed. The storefront has been home to an organic peanut butter and jelly sandwich restaurant and cupcake bakery in the last two years, both of which shuttered during the holidays. “Previously, that location… Continue Reading New bakery to open in former cupcake spot

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Silent boom: Baby Boomers and Silent Generation selling same types of homes, but for different reasons

As aging members of the Silent Generation struggle to pack up their memories and move into smaller houses and assisted-living centers, Baby Boomers are still buying real estate. “There’s no easy way to define what a senior is,” said Adrian Reed, a real estate agent with RE/MAX Properties. “I certainly can’t say. I think AARP… Continue Reading Silent boom: Baby Boomers and Silent Generation selling same types of homes, but for different reasons

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Mostly good news for 2013 real estate market

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The forecast looks mostly sunny for real estate investors in 2013, according to a series of speakers who gave presentations during the Institute of Real Estate Management’s Southern Colorado economic forecast this morning. Though apartments have been hot for the last couple years, it’s still a good time to invest in them, said Doug Carter, an apartment… Continue Reading Mostly good news for 2013 real estate market

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Fewer Springs homeowners underwater

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Local home-price increases have led to an increasing number of  Colorado Springs homeowners having positive equity in their properties, according to a recent negative equity report from CoreLogic, a research and analysis firm. During the third quarter of 2012, 19.4 percent or 29,794 of all homeowners with a mortgage owed more on their home than… Continue Reading Fewer Springs homeowners underwater

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Housing report shows industry strengthening

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Home prices increased 7.5 percent in 2012 nationally, according to CoreLogic, a real estate analysis firm. CoreLogic’s Home Price Index measures all repeat home sales. The firm also predicts that the home prices will increase another 6 percent in 2013 due to rising demand and fewer real estate owned properties on the market and a lower  inventory.… Continue Reading Housing report shows industry strengthening

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Trustee reports fewest foreclosures since 2006

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The El Paso County Public Trustee’s Office finished the year with the fewest foreclosure starts since 2006 and the most deed releases – which occur when someone pays off their home over time, through refinancing or a private sale – since 2007. Mowle’s staff started 230 foreclosures in December. “While this is 18 more than… Continue Reading Trustee reports fewest foreclosures since 2006

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The El Paso County Public Trustee’s Office finished the year with the fewest foreclosure starts since 2006 and the most deed releases – which occur when someone pays off their home over time, through refinancing or a private sale – since 2007. Mowle’s staff started 230 foreclosures in December. “While this is 18 more than… Continue Reading Trustee: Foreclosures were down, sales and refinancing up in 2012

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