We just returned from the Inman Connect in San Francisco. This is to the best of my knowledge, the best real estate technology conference. One of the coolest things we saw was a new technology from Microsoft called "Photosynth". I am seriously considering using this on our listings. Here is my first go around with the software:

We have Just Listed this beautiful two story home in the popular "Northwind" neighborhood in Northeast Colorado Springs. This great and unique floorplan is located centrally near parks, schools, and shopping. The home offers formal living spaces,large bright eat in kitchen with tons of natural light and large family room on the main level.The kitchen includes new dishwasher and new microwave.The upstairs includes a master suite w/ sitting area,french door entry,large walk in closet & great 5 piece bath.Three additional bedrooms and full bath round out the upper level. The unfinished basement offers room to grow.

If you would like more pictures and information, please visit: http://www.northwinddrive.com

Freddie Mac's weekly survey of mortgage lenders indicates that the 30 year fixed mortgage rates remained relatively flat at 4.57% and the 15 year fixed rate mortgage rose slightly to 4.07.  Both required an average of 0.7 point down.  The 30 year rate is another historical low.  Last week the market had been down, this week the stock market is heading up over 10,000.  Revised reports indicate an increasing demand in oil for the rest of the year surely causing a rise in crude oil.  This is the exact opposite direction the numbers went a week ago.  The fits and gyrations of the economy continue.

Locally, there are bright spots.  You may have noticed a few areas around town being cared for by lawn maintenance crews.  Due to anticipated financial problems, the City of Colorado Springs had cut all median maintenance programs.  Fortunately, some money was found and some areas are being cared for again.  We are hoping that this is a trend that continues; these small expenditures have a big impact on how our great city is seen by potential employers visiting the city as well as potential home buyers to certain areas of town.  The Gazette is reporting some unscientific trends about local jobs activity indicating...

Digg 4 has been released. Here is my feed verification key: b110e05bc6574c12805dd0613f95e920

Second Quarter Numbers are out for the Pikes Peak Real Estate Market. The most noteworthy number is the “Total Number of Sales”. The second quarter saw a 47% increase in the number of Single Family/Patio home sales over Q1. This is due in large part to the Federal Governments tax incentives and although we all enjoyed this shot in the arm, we can’t help thinking it’s only postponing the inevitable.

The Real Estate market needs to find equilibrium and prices need to settle into a predictable groove, especially in the upper end market.

Here is a look at the previous six quarters of Active vs. Sold properties. The most remarkable aspect of this chart for us is how seasonally consistent the Colorado Springs Real Estate market is. Next we’ll look at prices.

We have just listed this beautiful University Park home. Sitting on a great lot backing to open space with views of Pikes Peak. The home boasts a beautiful floorplan with seperated formal living areas, vaulted ceilings, wood floors, large outdoor patio and living space. The upstairs features a large master with sitting room, private deck, dual walkin closets and impressive bathroom rounded out by an additional two rooms & full bath overlooking the main level. The basement has rec room with seperate area for game room and storage room, full bath and two additional large bedrooms.

For More Pictures and Information Visit: http://www.quadrangle-court.com/

Many of the markets ended the week in a negative position and the prices of certain items also declined due to weak demand.  The stock market closed the week below 9700 following six negative days, gold and oil prices fell due to anticipated weak demand.  Economists are in agreement that growth is slowing but are not agreeing about the "double dip".  Of course, our fear through not spending and holding tightly to our money will help curtail growth.  A chicken and egg dilemma!  Of course, this is not entirely in our hands.  European debt crisis and the slowing of China's economy will have an impact upon our ability to gain loans and our weaken trade markets.  As we are weaning off the federal stimulus packages, true healing will begin even if it does mean painfully ripping off the band-aid.

Interest rates for residential mortgages fell to some of the lowest numbers seen in decades; the average rate for a 30 year fixed rate ended the week at 4.58% with an average of...

Starting with a broad look at real estate market, Freddie Mac has announced measures to provide relief to Gulf Coast homeowners impacted by the recent oil disaster in the Gulf of Mexico.   The concern stems from an expectation that thousands of families will be without income and potentially entering a state of delinquency on mortgages.  Given the environmental factors, a rush of foreclosed homes in a potentially undesirable area would be devastating for locals and mortgage services.  Freddie Mac has forbearance policies which allow lenders who service guaranteed loans to recommend twelve months of forbearance in qualifying circumstances such as this disaster. Given the uncertainty of the regional economy, this is welcome news for the many communities whose real estate markets have only recently stabilized from Hurricane Katrina and the recent housing collapse.

Ending the reporting week of June 24, 2010, mortgage brokers are reporting to Freddie Mac that the average rate on a fixed rate 30 year mortgage is 4.69% and a 15 year mortgage is 4.13%.  Both require roughly 0.7 of a point down to get the rate.  Rates are at record lows; so is closing activity.  These numbers typically have an inverse relationship.  When we say record lows, we aren’t kidding.  MSN reports these rates are the lowest seen in over 54 years.

Who is buying right now?  The National Association of Realtors reports that 46% of all closings in May were first time homebuyers....

We have just listed this beautiful Colorado Springs Home For Sale. Located at 4475 Campus Bluffs, this gorgeous two story home is located in the center of town and backs to natural preserve with views of rock formations. The main level features formal living spaces with gas fireplace and grand entry. The kitchen features stainless steel appliances and  wood floors that open to a vaulted family room.Double staircase leads to two additional bedrooms, loft and large master suite. Basement has upgraded electrical and is finished with wet bar, Rec Room, full bath ,bedroom and office with french doors or an additional bedroom.

For More Information, please visit: http://campus-bluffs.com/

We have just listed this extraordinary custom home in the "Broadmoor Resort Community"

Features include: Vaulted ceilings with alder beams, alder doors throughout, 3 fireplaces, double stair case, large kitchen with island, upgraded appliances, hardware and light fixtures, 2 rear patios, private backyard with stream. Main level master features plantation shutters,travertine, steam shower, Jacuzzi, fireplace. 2 bedrooms up with large loft/study. Rec room in lower level with additional 2 bedrooms. 2 furnaces, 2 hot water heaters, air filter system, work shop with storage.

For more information, please visit http://longwoodpoint.com/