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St. Francis Health Center
will be sold,
an article from
The Gazette,
reports that Penrose-St.
Francis Health Services
officials said property that
dates to 1888 as the site of
Colorado Springs' first
hospital will be sold.
Jameson Smith, chief
operating officer for
Penrose-St. Francis Health
Services, said the former
St. Francis Hospital, now
St. Francis Health Center, a
258,515-square-foot building
will be listed at a yet
undetermined fair market
value. According to Rick
Haugh, spokesman for the
Colorado Hospital
Association, it's not
unusual for health care
systems to divest real
estate holdings that no
longer fit their needs.
http://www.gazette.com/articles/health_37128___article.html/francis_hospital.html
Tax Credit Would Get Buyers
Off Fence,
an article from
Realtor Magazine Online,
reports that the National
Association of Realtors told
Congress last week a
temporary tax credit would
be the best incentive to
move hesitant home buyers
into the market. According
to the NAR, the tactic has
been successful before; A
1975 temporary tax credit
helped to “clear an
over-supply of newly
constructed homes during an
economic downturn.” NAR
Treasurer Jim Helsel said,
“We urge Congress to move
quickly to conference and
final passage of this tax
incentive. Failure to act
quickly could further stall
the housing market, hurting
many of our members, who are
predominantly small
businesses owners and
self-employed
individuals.” Helsel
testified before the House
Committee on Small Business
and said there are “three
critical features for an
optimal home buyer tax
credit.” First, the credit
should apply to all
residential real estate —
not solely foreclosed
properties. Next, it should
be temporary and only apply
for a short period of time.
Finally, it should provide
higher income limits than
those the House has imposed,
particularly for single
individuals.
http://www.realtor.org/RMODaily.nsf/pages/News2008060603
Additional articles that you
may find of interest:
A dream delayed
http://www.gazette.com/articles/delayed_37100___article.html/dream_.html
County concerned about
falling property values
http://www.gazette.com/articles/property_37126___article.html/county_values.html
Sign of the times in Lake
George: 'For Sale'
http://www.gazette.com/articles/george_37115___article.html/lake_sale.html
Amid housing mess, a new
boom is starting
http://www.msnbc.msn.com/id/25009827/
Keeping the Wrecking Ball at
Bay
http://online.wsj.com/article/SB121270208588249965.html?mod=RealEstateMain_1
Closing: A Natural Step in
the Sales Process
http://realtytimes.com/rtpages/20080609_naturalstep.htm
Washington Report: Mortgage
Crisis Relief Bill
http://realtytimes.com/rtpages/20080609_washingtonreport.htm
NAR Report: RESPA Proposal
Too Costly
http://www.realtor.org/RMODaily.nsf/pages/News2008060602 |