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Colorado Springs was again the 55th most searched real estate market in the country in September, according to a report from Realtor.com. Median list prices for homes in Colorado Springs rose to $229,500 in September, a 2.04 percent increase from last year, but down slightly from August’s numbers. The national median list price in September… Continue Reading Colorado Springs was 55th most search residential market

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Colorado borrowers who lost their homes to foreclosures between Jan. 2, 2008 and Dec. 31, 2011 might be eligible for payment under the $25 billion national mortgage foreclosure settlement. Attorney General John Suthers sent a letter this week for eligible borrowers to file claims, which must be returned no later than Jan. 18. Eligible borrowers… Continue Reading Colorado borrowers could be eligible for mortgage settlement money

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Schur Success & Auction has affiliated with United Country Real Estate, and will now be called United County-Schur Success Realty & Auction. The company also recently opened a new office at 366 Second St. in Monument in the Gallery Center. The company is a member of the Tri-Lakes Chamber of Commerce and the Better Business… Continue Reading Schur Auction affiliates with real estate company

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As real estate investment heats up and the El Paso County Public Trustee’s foreclosure auctions overflow with anxious bidders, ethics have become a bigger issue. Those closest to the action say there are regular stories of investors breaking into houses to check them out before the sale, trashing houses after lien holders redeem them, banks… Continue Reading Burglary? Investors seize houses before they officially own them

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Tim Beeson has been investing his retirement savings in real estate for almost two decades, and he has noticed he’s not alone anymore. Continue Reading Investors buying real estate with retirement money

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Aspen seeks to limit downtown housing

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  The Aspen City Council is moving forward with a policy that would limit construction of housing over commercial buildings.   Mayor Mick Ireland argued Monday that top floor residential units drive up real estate prices and push out commercial businesses on the lower floors. Business leaders told the council they need residential housing to… Continue Reading Aspen seeks to limit downtown housing

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Second quarter commercial real estate figures have taken the air out of some sails. While the news wasn’t bad, it wasn’t good either. Gains were minimal and the market seemed to take a step back for every one forward, according to reports from Cushman & Wakefield Colorado Springs Commercial, Sierra Commercial Real Estate and Hoff… Continue Reading 2Q commercial real estate figures disappoint

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  Wells Fargo Bank will pay at least $175 million to settle accusations that it discriminated against African-American and Hispanic borrowers in violation of fair-lending laws, the Justice Department announced Thursday.   Wells Fargo, the nation’s largest residential home mortgage originator, allegedly engaged in a pattern or practice of discrimination against qualified African-American and Hispanic… Continue Reading Wells Fargo to pay $175M in lending settlement

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Report: Apartment vacancy drops, rents rise

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While Colorado Springs apartment vacancy rates fell in the second quarter, rents increased. Apartment Insights, a quarterly apartment market report put together by apartment broker Doug Carter at Sperry Van Ness, reported a city-wide vacancy rate of 6.38 percent. The average rent increased $7 from the first quarter to $747 per unit. Rent citywide is… Continue Reading Report: Apartment vacancy drops, rents rise

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LLX Central Development purchased the 110-unit Amber Ridge Apartments at 2963 E. Bijou St. late last month. The Denver company paid $3.13 million for the property, built in 1995. It was originally constructed as the second phase of the 90-unit Cottonwood Park complex. The Amber Ridge complex was a stable 95-percent leased complex at the… Continue Reading Denver company buys another Springs apartment complex

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