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Featured Article The 20 Healthiest Housing Markets for 2010 - February 25, 2010 Here is some good news about the Colorado Springs housing market – an annual report by Builder Magazine on BuilderOnline.com sites Colorado Springs as the 14th healthiest home markets in the nation.READ MORE.. Latest Articles Bank of America will cut loan amount for underwater homes - March 24, 2010 Bank of America announced that they will begin forgiving mortgage principal for some homeowners through a federal home loan modification program. If a homeowner is in a subprime loan, a "pay-option" loan, or a prime two-year hybrid loan they may qualify for this new program. The program would reduce the principal balance of a loan is they owe more than 120% of the current value.READ MORE.. Tips for Boomers: Benefits of Downsizing - March 16, 2010 This short article posted on realtor.org covers a quick list of benefits for baby boomers or anyone approaching retirement to downsize/rightsize their property READ MORE.. The Truth Behind 7 Short-Sales Myths Denying fallacies and gaining expertise can help anyone to do with distressed property. READ MORE.. Extended Tax Credit for Military Members of the military and certain other federal employees serving outside the U.S. have an extra year to buy a principal residence in the U.S. and qualify for the credit. Thus, an eligible taxpayer must buy, or enter into a binding contract to buy, a principal residence on or before April 30, 2011.READ MORE... Taxpayers Seeking Homebuyer Tax Credits, Refunds Must File Paper- February 25, 2010 As reported by Realty Times, electronic filing will not be allowed for homeowners filing for the home buyer tax credit. The new filing rules are an effort to ward off a repeat of 90,000 taxpayers who fraudulently claimed the credit, according to the U.S. Treasury. All taxpayers (first-time and move-up buyers) seeking a credit or refund must use the new IRS Form 5405 and submit it with additional closing documents as listed on the Form 5405. READ MORE... Mortgage rates climb over the 5 percent mark As reported by MSNBC.com, rates for 30-year home loans rose above the 5 percent threshold for the first time in three weeks, but remained near historically low levels.READ MORE... One in Four Homeowners Are Underwater- February 25, 2010 A national research company reports that nearly 25% of home loans across the country are larger than the actual value of the home financed. Fortunately, it also found that about 50% of the homes with a mortgage still hold positive equity. Also in the article, the Amherst Securities Group cautions that over $150 billion in Option ARM mortgages - which allows borrowers to pay less each month than what is required to pay off a loan, thus increasing the mortgage balance - are set to readjust over the next two years.READ MORE... 7 ways to improve your home's sell-ability In a tough real-estate market, it’s more essential than ever that your home stand out, but in the right way.READ MORE... Money 101 – 10 things you need to know about buying a home. Some things to keep in mind when your considering buying a house.READ MORE... Additional Articles Lower property values will tax local governments - February 11, 2010 The average property value in El Paso County has declined between 8% and 10% during the economic downturn - and some neighborhoods may have declined as much as 30% in value - according to the El Paso County Assessor's Office.READ MORE... Housing Statistics for Colorado Springs - January 2010 - February 11, 2010 Presented by the Pikes Peak Association of Realtors for the Colorado Springs/El Paso county area for January 2010.READ MORE... Resolve to Take a Look at Refinancing - February 11, 2010 Learn about opportunities to refinance your home under federal programs. READ MORE... 50 Ways to Gain a Neighbor - February 10, 2010 It always a good idea to be a good neighbor. This article gives some good ideas about how to be a good neighbor.READ MORE... Federal program to streamline short sales in 2010 - February 10, 2010 Here's another acronym to add to the federal government's alphabet soup of foreclosure prevention programs: HAFA. It stands for Home Affordable Foreclosure Alternatives and it could shorten the often protracted short sale process for buyers this year.READ MORE... Best to buy before new FHA guidelines take effect - February 10, 2010 Starting in early summer, the Federal Housing Administration (FHA) is tightening lending standards in an effort to bolster its dwindling reserves. The new lending standards will make it tougher for some prospective buyers to purchase a home by requiring a higher down payment than the typical 3.5 percent for some borrowers, higher insurance premiums & reduced seller concessions. READ MORE... Springs living costs fall in 2009 to 19-year low compared with national average - February 9, 2010 Cost of living in our city compared to the national average has declined every year since 2003 and has been below the national average every quarter since 2000. Local economist Fred Crowley tempers the enthusiasm by pointing out that local wages are around 9% below the national average. READ MORE... Feds Giving Mortgage Modifications Additional Boost - February 4, 2010 It's not easy turning a potential foreclosure into a successful affordable mortgage modification -- from either side of the table. READ MORE... 10 Home Features Buyers Want - February 1, 2010 Find out the top items that buyers most frequently ask for in their search for a new home, according to a new survey on buyer preferences. READ MORE... S&P Predicts Housing Prices Will Fall Further - February 1, 2010 The oversupply of homes on the market in many regions is expected to continue to hamper the market, according to the rating agency. READ MORE... Local home resale market saw a bit of a rebound in 2009 - January 06, 2010 The Pikes Peak region’s resale market enjoyed an upswing last year, in contrast to the home building industry. READ MORE... Colorado a ray of economic sunshine in the West - December 31, 2009 Colorado is in a healthier position than the rest of the West, California, Oregon, Nevada, the Southeast, Florida and South Carolina, said Nathaniel Karp BBVA Compass U.S. chief economist. READ MORE... Home prices declining slower in Colorado Springs - December 31, 2009 To begin the year, there’s good and not-so-good-news regarding home prices in the Pikes Peak region. The area compared favorably with the rest of the country, based on First American CoreLogic’s loan performance home price index. READ MORE... Colorado Springs earns high marks in health surveys - December 29, 2009 Move over diamonds, because Colorado Springs is a woman’s new best friend.Colorado Springs is one of the best places in the U.S. to be a woman, according to a comprehensive look at health and quality of life measures. And, men, don’t fret. You aren’t too far behind. READ MORE... 5 Home Remodeling Trends for the New Year - December 28, 2009 Remodeling and decorating trends in 2010 are likely to reflect the fact that many home owners are settling in for the long haul. READ MORE... FLYNN: Fannie Mae rolls out new tool for homeowners facing foreclosure - November 14, 2009 The Federal National Mortgage Association has begun a new program, Deed-for-Lease, that allows homeowners threatened with foreclosure to deed the home to their lender and lease it back for up to one year. READ MORE... First Time Homebuyer Tax Credit Extended Into 2010! Plus...A New Tax Credit for Certain Existing Home Owners! November 9, 2009 - It's official. President Obama has signed a bill that extends the tax credit for first-time homebuyers (FTHBs) into the first half of 2010. This program had been scheduled to expire on November 30, 2009. In addition to extending the tax credit of up to $8,000 through June 30, 2010, the extension measure also opens up opportunities for others who are not buying a home for the first time. READ MORE... Top 10 Reasons to List Your Home During the Holidays - November 13, 2009 Find out why it is a great time to sell your home during the holiday season. Colorado Residents Among the Happiest in the Country - November 10, 2009 A survey called the Gallup-Healthways Well-Being Index reveals which states are happiest. The index includes questions about six types of well-being, including overall evaluation of their lives, emotional health, physical health, healthy behaviors (such as whether a person smokes or exercises), and job satisfaction. Is Your Home Wired Properly? - November 2009 We all know that as things age, they often need replacing but sometimes homeowners neglect to take care of their home's electrical wiring and that can set them up for potential danger. Electrical consumption since the middle of the last century has increased in most homes on average about 400 percent. Relieving the Stress of Packing - November 2009 Packing can be stressful time for every member of the family. To ensure that your move goes as smoothly as possible, try the following tips! Making Your Home Age Appropriate Creates Appeal - November 2009 All of us have something in common with our homes. Sure, style, design, and location are at the top of the list, but how about age? As we age, buyers, especially the baby boomer generation, are looking to transform their homes into a place that they can stay in for as long as possible or they're hoping to find one that's already equipped for them to age-in-place. 4 Home Upgrades That Don't Pay - October 20, 2009 Colorado Springs Voted the 7th Best Place to Raise an Outdoor Kid - August 2009 What You Need to Know About the $8,000 First Time Home Buyer Tax Credit - March 28, 2009 Rocky Mountains Home prices up .8% for 1st time in 7 months - March 24, 2009 Survey: Americans Still Eager to Buy - March 23, 2009 Existing-home sales up in West - March 23, 2009 New CHFA Program Highlights - March 5, 2009 |