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Builders call for stimulus,
an article from
The Gazette,
reports that Colorado
Springs-area home
construction remained low
last month, and some local
builders say a second
federal economic stimulus
package might be needed to
target the nation's sagging
housing industry. According
to figures released by the
Pikes Peak Regional Building
Department, single-family
building permits in El Paso
County, one of the area's
more reliable numbers to
measure home construction,
totaled 134 in April,
down roughly 48% from the
same month last year. Mark
Watson, president and
co-owner of New Generation
Homes in Fountain said
foreclosed properties pose
stiff competition for resale
and new-home markets. When
foreclosed homes come back
on the market, they often
sell at a discount, he
said. He added, "The sooner
that inventory dries up, the
demand for new homes will go
up."
http://www.gazette.com/articles/builders_35935___article.html/call_stimulus.html
Home-Insurance Credits,
an article from
The Wall Street Journal Online,
reports that many Americans
are looking for ways to save
money and examining your
home-insurance paperwork
could pay off. Raising the
deductible isn't the only
way to reduce premium
costs. Discounts in the
form of credits are also
available for many
homeowners. Pete Spicer,
vice president and new
product manager for Chubb
Group of Insurance Companies
said, "Credits can really
add up and become
substantial." Availability
and eligibility for
credits will vary by
carrier. One type of
home-insurance credit is
security protection
credit. With a functioning
security system, many
carriers offer a credit that
is dependent on the type of
system. According to the
Insurance Information
Institute, homeowners
can get at least 5% off
their bill for a smoke
detector, burglar alarm or
dead-bolt locks. The
institute also reports that
if a homeowner adds a
sophisticated sprinkler
system and a fire and
burglar alarm that rings the
police, fire department or
another monitoring
station, they may
be eligible for a premium
reduction of as much as 15%
or 20%.
http://online.wsj.com/article/SB120984727933265245.html?mod=RealEstateMain_1
Additional articles that you
may find of interest:
Selling is selling at any
level. The only difference
is you.
http://www.csbj.com/story.cfm?ID=19848
Small gain forecast for
Springs tourism
http://www.gazette.com/articles/forecast_35934___article.html/gain_small.html
CC pursues properties owned
by nonprofit
http://www.gazette.com/articles/nonprofit_35933___article.html/owned_properties.html
Realty Viewpoint: Why Buy
Now? Media Is Wrong About
Housing Slump
http://realtytimes.com/rtpages/20080505_realtyviewpoint.htm
New Report Guides
Apartment/Multifamily
Developers on
Energy-Efficiency Standards
http://realtytimes.com/rtpages/20080505_newreport.htm
Five Ways to Capitalize on
Your Affiliated Businesses
http://rismedia.com/wp/2008-05-02/five-ways-to-capitalize-on-your-affiliated-businesses/ |