A national research firm says the top three home builders in the Colorado Springs/Denver market are Village Homes, Pulte Homes, and Engle Homes (in order based on customer satisfaction). Pulte Homes is prominent in the Colorado Springs market. Village Homes ranks highest in customer satisfaction in the Denver/Colorado Springs home-building market, according to the J.D. […]
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Some folks thrive – even when faced with a roller-coaster economy. Take Warren and Christine Meacham, for example. As owners of Colorado Online Mortgage (formerly Auer Mortgage), Christine, a mortgage broker since the mid-1980s and Warren, a former commercial banker, have survived sky-high 11 to 14 percent home loan interest rates and skimpy realtor referrals […]
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Aloha…A Post- Vacation Perspective Just when you thought Colorado Springs was the only locality faced with environmental challenges (e.g., the Preble mouse), consider Kailua-Kona, Hawaii. The “Big Island” relies heavily on Highway 19 (which loops the entire island). Unfortunately, some parts of the highway narrow to two slow lanes near the coffee plantations. In an […]
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As the drought afflicting Colorado Springs and much of the rest of the state continues, tempers are hot over a deal in which the city utility sold an additional three million gallons of water to irrigate a golf course. The Broadmoor Hotel was sold city drinking water to irrigate its golf course while the rest […]
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It is the American dream – owning one’s own home, and over the years it provides a valuable tax deduction as well as a place to live. But if you are over 62, your home could be a source of income through what’s called a “reverse mortgage.” A reverse mortgage is a loan that allows […]
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Up to 200,000 individuals and families could be eligible for home loans within the next five years because of a $35 billion investment plan by FannieMae, the nation’s largest source of financing for home mortgages. Called “The American Dream Commitment,” it is part of the Bush administration’s commitment to creating 5.5 million new homeowners by […]
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Masterbilt Homes Introduces Fresh Concept Every once in a while a homebuilder steps outside the box and starts a completely new trend. Jack Weipking, president of Masterbilt Homes, certainly gets credit for taking a very large step in introducing the Pikes Peak region to Traditional Neighborhood Design (TND), which has evolved around the country as […]
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The front door opens at Woodmen Wine & Liquor Company, and owner Dee Jones sees three of her regular customers. “Hola!” she says, waving to the familiar Spanish-speaking tradesmen who are stopping by on their way home from a job. At the same time, one of Jones’ wine suppliers is packing up, orders in hand, […]
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Despite some of the lowest mortgage rates in decades, the single-family home market in Colorado Springs is slowing – but not as fast as was feared. Compared to 2001, year-to-date new single-family residential building permits are down almost 12 percent. That is a “markedly better performance than the 20 percent decline,” said Fred Crowley, economist […]
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Recently Wells Fargo published findings indicating that in the past ten years, the average stockholder earned $23,000 in the stock market and the average homeowner earned $44,000 in home equity. An interesting observation… With mortgage rates at a 35-year low, the company says in 1998, rates were below 7 percent for a total of 17 […]
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The number of construction companies that survived Colorado Springs’ boom-bust cycles over the years are few. After 18 years in the Pikes Peak region, however, Copestone General Contractors has earned a secure place in the history books for its staying power and its steady growth. Kurt Kaltenbacher, Copestone’s founder and president, arrived in Colorado Springs […]
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Hope I didn’t throw those of you looking for the Urban Land Institute update a curve last week. The information was held for this week’s column instead. As usual, commercial real estate seems to be attracting renewed attention in the face of the stock market’s contractions – it’s even starting to attract the attention of […]
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