No recession, but even slower, an article from The Gazette, reports that according to the Southern Colorado Economic Forum, the Colorado Springs economy will slow to a crawl next year, but won't tumble into a recession.  Fred Crowley, the forum's senior economist, said that much of the slowdown will be triggered by a declining housing market.  The forum expects local housing construction to decline by about 3% next year and nonresidential construction will slow about 5% as major projects now under way are completed.  Recovery in the housing market is expected to take 12 to 18 months.

http://www.gazette.com/articles/year_28339___article.html/forum_local.html

Mortgage applications crawl higher, an article from USA Today, reports that after total loan requests fell the prior two weeks, demand for loan applications to purchase homes and refinance existing mortgages rose last week.  In the week ending October 5, the seasonally adjusted index of home loan application activity increased 2.4% to 652.0, according to the Mortgage Bankers Association.  Refinancing requests accounted for 46.2% of total applications last week, up slightly from 46.0% and adjustable-rate mortgages accounted for 13.6% of the total, down from 13.8%.
http://www.usatoday.com/money/economy/housing/2007-10-10-mortgage-apps_N.htm

Additional articles that you may find of interest:

The living may be exclusive, but HOA board battles aren’t
http://www.gazette.com/articles/board_28349___article.html/golf_camels.html

Firefighters seek funding
http://www.gazette.com/articles/district_28353___article.html/fire_department.html

State planning experts recognize local projects
http://csbjblog.blogspot.com/2007/10/state-planning-experts-recognize-local.html?CFID=34825605&CFTOKEN=47358485

Disturbing the peace
http://www.csindy.com/csindy/2007-10-04/cover.html

Longmont annexation foes win round
http://www.rockymountainnews.com/drmn/local/article/0,1299,DRMN_15_5719654,00.html

September foreclosures fall
http://money.cnn.com/2007/10/11/real_estate/reclosures/index.htm?postversion=2007101106
 
Mortgage industry coalition forms to help prevent defaults
http://www.usatoday.com/money/economy/housing/2007-10-10-mortgage-coalition_N.htm
 
Forecasts for home sales get gloomier
http://www.usatoday.com/money/economy/housing/2007-10-10-housing-forecasts_N.htm
 
Is GRI Really Worth the Time, Cost and Challenge?
http://www.realtor.org/RMODaily.nsf/pages/News2007101005
 
IRS Plans to Take Hard Look at 1031 Exchanges
http://www.realtor.org/RMODaily.nsf/pages/News2007101006