This morning’s rate cut by the Fed says that the world banking crisis is far from over. With another stock market crash yesterday, and rate cutting today, they are definitely running scared. Seems like it wasn’t very long ago that they were more worried about inflation than recession / depression. Such volatility can’t be [...]
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The implosion of the financial markets is predictably having at least some impact on the mortgage industry in Colorado Springs, if for no other reason than they both compete for the same funds. Generally when the stock market tanks, interest rates go down, however, this has not happened quite yet, as they are still [...] Fall is probably my favorite season, in Colorado Springs, or almost anywhere else we go. I love the cooler weather, the color, the lack of crowds (football games excepted of course!), and the general feeling of change in the air. Even the smell of wood smoke at night and of the leaves in the woods [...]
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Colorado Springs home sales statistics for September 08 aren’t official yet, but it looks like we finally have a year to year INCREASE IN UNIT SALES! This is the first time since May of ’06 that the year to year figures show an increase (5.6%) Prices are still soft, the average is down 6.3%, [...]
It was a very summery weekend here in the Springs, a great time to enjoy the outdoors. We attended an outdoor wedding up in Parker on Saturday night, which was a gutsy move, but it came off without a hitch. Evenings start to get cooler, along with arriving earlier this time of year, [...] Rocky Mountain National Park is about 2 1/2 hours away from Colorado Springs. I had not been up there for some time, and yesterday decided to go elk hunting there – with my camera of course. It is surprising to me that we don’t go more often. I can’t say enough good things about [...] The fall color season in the mountains above Colorado Springs has begun. I say begun, because while there are stands like the ones shown above, much of the aspen forest is still very green. Unless we get some nasty windy weather, this promises to be a longer color season, which is great! This shot [...]
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Colorado Springs was not the showcase of the Democratic National Convention, but our near neighbor to the north, Denver, got some nice coverage out of the deal. Mile High is about 1 hour from here, and it is nice knowing that the Denver Broncos NFL football, Avalanche NHL Hockey, Colorado Rockies MLB baseball, and [...]
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Tonight the snow level is supposed to drop to 10,000 feet, and the rain and clouds we have here today make me believe it. We were up in Summit County on Monday, and it turns out we also got a dusting in the high country last Sunday night. This shot is from the top [...] Short sales and foreclosures were a major topic at this morning’s sales meeting. The context? Discourage your sellers from pursuing these routes. The long and “short” (pun intended) of it, is that there are longer term repercussions in terms of damaged credit, inability to own again for a long time, tax liabilities, deficiency judgments, [...] |
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