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 …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 …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 …Some folks thrive – even when faced with a roller-coaster economy. Take Warren and Christine Meacham, for example. As owners of Colorado Online Mortgage (formerly Auer Mortgage), Christine, a mortgage broker since the mid-1980s and Warren, a former commercial banker, have survived sky-high 11 to 14 percent home loan interest rates and skimpy realtor referrals [...]
Continue reading …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 …It is the American dream – owning one’s own home, and over the years it provides a valuable tax deduction as well as a place to live. But if you are over 62, your home could be a source of income through what’s called a “reverse mortgage.” A reverse mortgage is a loan that allows [...]
Continue reading …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 …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 …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 …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 [...]
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