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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 |