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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