|ECONOMIC WEEK IN ADVANCE|
|On top of the financial market crisis and the workout of the bailout plan, the economy is slowing significantly. Economic data flows are brisk in the week ahead as market players juggle the outlook with the emerging financial legislation details. There are still great real estate deals in Colorado Springs.|
Wolf Ranch access is located in northeast Colorado Springs at the intersection of Research Parkway and Powers Boulevard, approximately one mile north of Woodmen Road. The boundaries of Wolf Ranch are west at Powers Boulevard, on the east by Black Forest Road, on the north by Old Ranch Road, and the southern boundary is Cottonwood Creek.
Students of the Wolf Ranch community attend the award-winning Academy School District 20. Choices include neighborhood schools, charter schools, private academies and specialized studies. Wolf Ranch has a brand new elementary school, opened in Fall 2007 and has designated sites for future neighborhood schools. To learn more about Academy School District 20, visit: http://www.asd20.org/
WOLF RANCH NEIGHBORHOOD SCHOOLS
Elementary School – Ranch Creek Elementary
Middle School – Timberview Middle School
High School - Liberty High School
Charter School – The Classical Academy (TCA)
To download the details about Academy School District 20 registration, visit the website (http://www.asd20.org/) and locate the step-by-step instructions, as well as a list of required documents needed to register.
The registration process can be completed in less time if the registration is started through the on-line process. Once the steps are followed on-line, and the necessary items are brought to Central Registry, the registration process should take only 10 minutes per child to complete. The exception to this is in the month of August and between the first and second semester.
Close to Memorial Hospital
Close to Penrose St. Francis Hospital
Zip Code 80924
Great views of Pikes Peak
30 Minutes from the Colorado Springs Airport
10 minutes from The Promenade Shops at Briargate
Recap of August Home Activity in Wolf Ranch in Colorado Springs:
Homes Sold in Wolf Ranch in August: 7
Average Listing Price: $359,900 to $395,911
Average days on market: 100
Recap of 2-1-08 to 8-31-08 Activity in Wolf Ranch:
Homes Sold in Wolf Ranch in the last six months: 42
Average Listing Price: $178,500 to $543,916
Average days on market: 129
Current Report as of 9-22-08 in Wolf Ranch
Active listings as of 9-22-08: 52
This Colorado Springs Homes report contains information on Single Family homes and Townhomes in Wolf Ranch.
This information is taken from the Pikes Peak Realtor Services Corp and is deemed reliable but not guaranteed.
|ECONOMICS - WEEK IN ADVANCE|
|Details of the events in the past week will continue to be hashed out in the weeks ahead. Data flows are light in the coming week with new and existing home sales, the mainstays, while the Treasury gears up to sell abount $200 billion in mostly short-term debt. There are many GREAT Colorado Springs homes for sale.|
New Commercial Property for sale Colorado Springs:
120 Cascade Court. This property is zoned M1 and has a single family residence located on this .62 acre lot. The home has a finished basement and can be used as a residence with a home based business or a business start up opportunity. This Colorado Springs property has 5 outbuildings for storage or a work shops. The entire yard is fenced and there is access from the front or the back of the yard. The asking price is $198,000. Who do you know that wants to start a business in Colorado Springs or wants to move to a different location in Colorado Springs? Contact me via my website for more information.
Colorado Springs is number 7 in the article. That means with the dip in interest rates and this good news, it’s a great time to buy real estate in Colorado Springs!
To determine where house prices are expected to rise next, Forbes.com looked at projections for housing starts from the NAHB and job-growth figures from Moody's Economy.com, for the 100 largest metro areas in the U.S. The estimates are based on the cost structures of business in the respective cities and the composition of the local economies.
Housing start projections from the NAHB may seem like wishful thinking. Trade-association economists often view their own industry through rose-colored lenses. The National Association of Realtors (NAR), for example, has developed a reputation for its positive outlooks despite negative numbers.
This means that recovery is likely in the cards for even the hardest-hit spots. Cities like Colorado Springs, Colo., may be reeling from high defaults and foreclosures, but from 2007 through 2012, their economies are expected to experience 2% and 1.6% average annual job growth. That means more in-migration and more money in the economy, factors that help businesses grow and profit--and put more money in residents' pockets.
7. Colorado Springs, Colo.
Housing starts 2008: -37.6%
Housing starts 2009 increase: 53.2%
Single-family increase: 49.6%
Multi-family increase: 81.8%
Job growth 2007: 0.9%
Average job growth 2007-2012: 1.6%
Click here for Forbes Video.
Excerpts taken from Forbes Magazine article written by Matt Woolsey
The way I see it there will now be more money for mortgages and hopefully at cheaper prices. We may see foreclosures slowing down. My biggest question is…will housing price depreciation come to an end?
Read on for more information I gathered from various news sites:
The Government on Sunday seized control of mortgage finance companies Fannie Mae and Freddie Mac, launching what could be its biggest federal bailout ever, in a bid to support the
"Our economy and our markets will not recover until the bulk of this housing correction is behind us," U.S. Treasury Secretary Henry Paulson said at a news conference. "Fannie Mae and Freddie Mac are critical to turning the corner on housing."
Freddie Mac chief executive Richard Syron and Fannie Mae's CEO, Daniel Mudd, were ousted and replaced by David Moffett, a former top official at US Bancorp.
The two companies, publicly traded but also serving a government mission to support housing, were put in a conservatorship that allows their stock to keep trading but puts common shareholders last in any claims.
In addition, the U.S. Treasury will immediately take a $1 billion equity stake in each company in the form of senior preferred stock and if needed could inject up to $100 billion into each firm.
The government's senior preferred stock would rank above both existing preferred and common shares and will carry warrants that could give the government an ownership stake of 79.9 percent.
The Treasury Department said the plan to shore up the finances of the two government-sponsored enterprises, which have $1.6 trillion in debt outstanding, should not cost
The companies have suffered combined losses of nearly $14 billion in the last four quarters and large holders of their debt, including overseas central banks, have begun to show signs of increasing nervousness over their financial health.
Federal Reserve Chairman Ben Bernanke said in a statement that he "strongly" endorsed the action. "These necessary steps will help to strengthen the
As part of the plan, FHFA will operate the companies until they are stabilized and the Treasury will extend financing to the companies, as well as to the Federal Home Loan Banks, through a new lending facility until Dec. 31, 2009, if needed.
In addition to the senior preferred stake Treasury is taking in the companies, it will immediately receive warrants for the purchase of some common stock.
What is a conservatorship? Basically it means that the government is going to run Fannie and Freddie.
6770 Country Estates Lane, Black Forest, Colorado
Your beautiful 4000 square foot home has 4 bedrooms and 3 baths and is located on 5 acres with over 100 pine trees! Wide open kitchen and breakfast area and don't forget the formal dining room for entertaining. Office/Den and master suite located on main level. Finished walkout basement with large rooms and fireplace. Walk out of master and living room onto decks with beautiful mountain views. 3 car attached garage and don't forget to bring your horses! This is a Colorado Springs foreclosure and is sold as-is.
Call me for more info 719-963-4867.
Kitchen and Entry photos
WEEK OF SEPTEMBER 8TH IN ADVANCE
The week ahead is quiet until Thursday when trade data is released, which is important because exports have been carrying economic growth and most of our oil is imported. On Friday, the economic calendar finishes off with producer prices and retail sales.
"I think it paints a really positive picture for both tourism and economic development," said Amy Long, director of marketing and membership for Experience Colorado Springs at Pikes Peak, the convention and visitors bureau.
This 24-page editorial includes stories on the area's history by Colorado Springs cultural services manager Matt Mayberry, outdoor opportunities, local housing and neighborhoods, the economy, the Olympic Training Center, and the local arts scene.
The Colorado Springs spread is part of a series of city profiles Hemispheres runs several times a year.
"It really helps with our branding," Long said, "with being a vibrant, sophisticated city with a lot of great things to do and a great place to live."
If you're flying during September, you can see the article in the magazine available in the seat pocket of the airline.
If not, read it at http://www.hemispheresmagazine.com/
Information obtained from Hemispheres magazine and Andrew Wineke, The Gazette.