Peoples Mortgage in Colorado Springs buoyed by better housing market and refinancingsIn the last three years Colorado Springs based Peoples Mortgage Corp. expanded into Boulder, Denver, and Fort Collins and added 150 people to their staff. Their mortgage lending more than double between 2009 and 2011, totalling $710 million. A significant volume, 46 percent, has come from returning soldiers. Peoples also benefited from less competition in the local mortgage industry. Peoples Mortgage showed a profit of $1.75 million last year, a major turnaround from losses that totaled 3.35 million during the previous two years. Click here for details
For more information on any Colorado Springs Homes For Sale, contact: Colorado Springs Realtors Click here for a Detailed Market Snapshot for any address in http://www.realestatebyhughes.com/00BEAF Posted on January 19, 2012 10:39:18 by The Hughes Team
Posted in Buyer's Information, Economic News
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2011 foreclosure rate in Colorado Springs lowest since recession beganIn an article published by the Gazette, 3,603 homes or other property saw foreclosure filings in 2011, a 25.4 percent drop from the previous year according to the El Paso County Public Trustee's Office. Last year's foreclosure filings were the fewest since 2007. Click here for details.
For more information on any Colorado Springs Homes For Sale, contact: Colorado Springs Realtors Click here for a Detailed Market Snapshot for any address in
http://www.realestatebyhughes.com/00BEAD Posted on January 18, 2012 10:31:54 by The Hughes Team
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Finally, a bottom for home pricesThe Kiplinger news reported that housing prices are expected to stop sinking in the spring but that recovery will be gradual. The predicted growth won't be dramatic. They expect home prices to rise 3 to 4 % in 2013. Foreclosure numbers are set to level off. 3.5 million foreclosures are still in the pipeline but the effect is predicted to deminish when it becomes clear that the worst has passed. Home sales are predicted to go up this year to 5.5 million for new and existing homes, a 4% increase from 2011.
For more information on any Colorado Springs Homes For Sale, contact: Colorado Springs Realtors Click here for a Detailed Market Snapshot for any address in
http://www.realestatebyhughes.com/00BEAC Posted on January 17, 2012 17:48:58 by The Hughes Team
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Apartment boom continues in Colorado SpringsThe latest apartment building is planned on 12 acres at the southeast corner of Powers Blvd and Briargate Pkwy, along Grand Cordera Pkwy. The first phase should include 128 one-, two-, and three bedroom apartments in four buildings. A clubhouse, pool, playground and garage are shown to be included. A second phase would add 144 apartments in another four buildings. It is described as a high quality development, slightly below what would be considered as a luxury complex. Click here for details
For more information on any Colorado Springs Homes For Sale, contact: Colorado Springs Realtors Click here for a Detailed Market Snapshot for any address in http://www.realestatebyhughes.com/00BEA0 Posted on January 16, 2012 10:21:06 by The Hughes Team
Posted in Economic News
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New hotel coming to Powers corridor in Colorado SpringsAn $8.5 million, 82 room Holiday Inn Express will be built in the First & Main Town Center retail complex southeast of Powers and North Carefree Circle. The hotel is scheduled to open in spring of 2013 and will employ about 23 people.
For more information on any Colorado Springs Homes For Sale, contact: Colorado Springs Realtors Click here for a Detailed Market Snapshot for any address in http://www.realestatebyhughes.com/00BE9F Posted on January 15, 2012 10:35:22 by The Hughes Team
Posted in Economic News, Hotels
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