|
Firm’s arrival may propel
status of site,
an article from
The Gazette,
reports that according to
city officials, the
1,000-acre Colorado Springs
Airport business park will
be one step closer to
becoming an economic hub for
the city when aerospace
giant and defense contractor
Northrop Grumman Corp. cuts
a ribbon today on its
124,000-square-foot
building. Colorado Springs
Mayor Lionel Rivera
said, "You could consider
them as anchor tenants for
the business park. Northrop
Grumman is a very well-known
company in our community and
nationally. It makes the
airport park more attractive
for other companies to move
in." City officials expect
thousands of employees to
work for dozens of
businesses at the park,
which will include
industrial buildings,
restaurants and hotels.
More than half of the
business park will be green
space, a golf course and a
trail system.
http://www.gazette.com/articles/park_36543___article.html/business_airport.html
Homes are biggest bargain
since 2004,
an article from
CNNMoney.com,
reports that according to
the latest Housing
Opportunity Index
released by Wells Fargo and
the National Association of
Home Builders (NAHB), 53.8%
of all new and existing
homes sold nationwide during
the first three months of
2008 were affordable to
families earning the median
household income of
$61,500. NAHB president,
Sandy Dunn, said in a press
release, "Three factors
combined to substantially
increase housing
affordability. Mortgage
rates returning to near the
record low levels of a few
years ago, a $2,500 rise in
family income nationwide
(from 2007 to 2008) and
lower house prices."
http://money.cnn.com/2008/05/20/real_estate/big_improvement_in_home_affordability/index.htm?postversion=2008052013
Good News From Lenders,
an article from
RealtyTimes.com, reports
that the best news in real
estate the first few months
of 2008 has concerned
mortgages. Interest levels
have continued to hover
near 6% for 30-year
fixed-rate loans, people who
want to buy or refinance at
this time will find interest
rates not terribly
far-removed from
the historic lows seen in
2003. The mortgage
rates today are important
because they show that
lender confidence in the
U.S. real estate market
remains strong. Lenders are
willing to extend credit to
U.S. homeowners, despite
the large number of
foreclosures. With the
new lender policies, be
prepared for more paperwork,
larger down payment
requirements when you buy
and the need for more equity
when you refinance.
http://realtytimes.com/rtpages/20080521_millerreport.htm
Additional articles that you
may find of interest:
Stretch your marketing
dollars
http://www.cobizmag.com/articles.asp?id=2167
Reverse mortgages: Beware
the come-ons
http://money.cnn.com/2008/05/20/pf/expert/reverse_mortgages_updegrave.moneymag/index.htm?postversion=2008052104
Home prices not finished
falling, Fannie CEO says
http://www.usatoday.com/money/economy/housing/2008-05-20-fannie-mae-outlook_N.htm?loc=interstitialskip
Oversight Compromise Reached
On Fannie, Freddie
http://online.wsj.com/article/SB121129858064707159.html?mod=RealEstateMain_1
How to Make a Success of
Short Sales
http://realtytimes.com/rtpages/20080521_shortsales.htm |