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Early next month, property owners in El Paso County will receive reappraisal notices from the assessor’s office, and the damage done to property values in the region from July 1, 2008 to June 30, 2010 will be starkly apparent. Just seeing those dates on paper is enough to make most property owners cringe, and it’s […]
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A local agency is bringing together contractors and community members to build new homes for low-income families in the region. No, ABC is not filming an episode of Extreme Home Makeover in Colorado. Rather, it’s another unique loan program from the US Department of Agriculture that offers home ownership to the working poor while building […]
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The Associated General Contractors of America released some ugly numbers recently. The group pegged the unemployment rate for the construction industry at 17.3 percent, almost twice that of the overall economy. According to the AGC, rising commodity prices, declining demand and flat prices for finished products are some of the factors that continue to weigh […]
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The building foundation for Atlas Preparatory School, a Harrison School District 2 charter school, recently purchased the building that houses the school and the neighboring building. The two structures at Airport Park are 2,800 and 2,600 square feet each. The sale price was $1.575 million. The school opened operationally three years ago with just fifth […]
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Colorado Springs has seen a less active year for real estate, but it was back in 2000, according to the latest figures from Public Trustee Tom Mowle. Mowle reported that there were just 2,454 deeds released in October. Deeds are released when someone sells a home, refinances or pays off a mortgage, which Mowle has […]
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The ITT Corp.’s Systems Division will lease 75,000 square feet in Corporate Office Properties Trust’s Patriot Park, at 655 Space Center Drive. The 180-acre office park is located at the intersection of Powers Boulevard and Highway 24 next to Peterson Air Force Base. Based in Colorado Springs, ITT’s Systems Division provides systems support and technical […]
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The General Assembly is considering a ban on a practice that is making at least one company millions: private transfer fees attached to real estate. Private transfer fees, usually between 1 and 3 percent of a property’s value, are added to a property and assessed every time it is sold for up to 99 years. […]
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The Ivywild School development was envisioned as a gathering place in a historic neighborhood where people could sip a handcrafted beer, enjoy a meal or snack, buy locally grown food, go to a concert or attend a meeting. Since it opened in the summer of 2013, Ivywild, at 1604 S. Cascade Ave., has promoted redevelopment, […]
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Following are the most expensive foreclosures in El Paso County for the week of Sept. 16.
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The mortgage interest deduction has been the tax break with nine lives, but the new, incoming Congress may pose an existential threat to the policy. The deduction has been up for dissolution under both the Reagan and Bush 43 administrations. President Reagan famously committed to the measure when he told the National Association of Realtors […]
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A shortage of entry-level homes in the Colorado Springs market is making it harder for Millennials to fulfill their American Dream. “I believe there are more young people that would be buying homes now, if there was more affordable inventory available to do so,” said Tony Rose, broker and owner of Rose Real Estate LLC. […]
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Home prices in major U.S. cities rose in May for the second straight month, propped up by a flurry of spring buyers. But after adjusting for such seasonal factors, prices fell in a majority of markets. The Standard & Poor’s/Case-Shiller home-price index released Tuesday showed that prices rose in 16 of the 20 cities tracked. […]
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