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Office warehouse building purchased for $3.3 million, an article from the Colorado Springs Business Journal, reports that based on multiple commercial building sales that have closed during the last three months, the east commercial submarket is alive and well. One of the largest transactions was the $3.3 million sale of a 50,000-square-foot office warehouse facility in the Classic Business Park.
http://www..csbj.com/story.cfm?ID=19735
 
Real Estate Outlook: Market is Stirring, an article from RealtyTimes.com, reports that affordable mortgage money is what it will take to pull the real estate market out of the woods and it could be happening soon.  According to the Mortgage Bankers Association of America, interest rates plunged last week by nearly a quarter of a point on 30-year fixed-rate money, from 5.98% to 5.74%.  There was also a big jump in new loan applications from people looking to buy houses.  They were up by almost 11% for conventional conforming loans.  Other positive signs that appeared last week include the total inventory of unsold houses dropping by 3% and new homes for sale dropping 2.1%.  It may not be the end of the down cycle as a whole, but it's certainly pointing to a more active spring season.
http://realtytimes.com/rtpages/20080403_realestateoutlook.htm

 

 Additional articles that you may find of interest:
 
Many Pueblo residents want a different "Southern Delivery System"
http://www.koaa.com/aaaa_top_stories/x9317804
 
Washington's housing fix taking shape
http://money.cnn.com/2008/04/02/news/economy/housing_bipartisan_draft/index.htm?postversion=2008040303
 
Fannie Mae tightens rules for mortgages
http://www.msnbc.msn.com/id/23914355/
 
Senate leaders agree on housing legislation
http://www.msnbc.msn.com/id/23922370/
 
How Photos Help Sell Homes
http://www.realtor.org/rmodaily.nsf/pages/News2008040205