Sometimes we need to peek outside of our Colorado Springs real estate market and see what is happening around the nation. Here are some interesting recent headlines:

Investors flock to Detroit’s housing market - The Detroit real estate market has homes for sale for less than $20,000 … some going for mere hundreds of dollars. Investors are “heading north” and buying up a bunch of homes in hopes of turning them into rentals … and selling them for a profit when the market shifts again.

Mortgage rates drop to record low – 30 Year mortgages are at 4.85% FIXED RATE. If you need a better rate on your current mortgage – REFINANCE NOW. If you were ever considering buying a home for sale in Colorado Springs – BUY NOW! Home prices are WAY more affordable and you CANNOT BEAT the current interest rates!

Lenders that the Wagner iTeam work with, that can help you:

• Trace Lee – Pam Childs Team – CB&T Mortgage: 719.785.7105  or  719.785.7115
• Marcy Langlois – Colorado Capital Bank: 719.482.7070

Mortgage fraud reports up 26 percent - Lying on mortgage applications and people scamming distressed homeowners into signing over their deed to “avoid” foreclosure are just 2 instances of mortgage fraud running rampant in the real estate industry right now. Participate in mortgage fraud – go to jail.

Bail Yourself Out ? Here’s How – Several GREAT tips and tricks on how to save money in ALL areas of your life right now.

Smart Money Saving Tips You Need Now – Tips on saving on food, education, utilities, transportation,entertainment and health care. AWESOME!

Where does your state rank? -Americans everywhere are feeling the recession’s pain – some more than others. Colorado is actually looking quite well … comparatively:

Enjoy these news stories and let us know what other national real estate news stories you find!

Thanks for reading our Colorado Springs Real Estate Blog!
Posted By: Mariana Wagner - Colorado Springs Real Estate Agent - Wagner iTeam
The Wagner iTeam is a power team of Keller Williams Realty,
specializing in Colorado Springs Real Estate and Monument Real Estate
Pictures of Colorado Springs
(719) 434-7525