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Foreclosure problem drags down home values

Gazette analysis shows impact is widespread

RICH LADEN

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When one person loses a home to foreclosure, it’s a personal tragedy. But when thousands default, the problems extend beyond property lines and ripple through the community. Record numbers of foreclosure filings in each of the past three... Full story

Foreclosures' impact is widespread in El Paso County

Thousands of defaults pull communities down

RICH LADEN

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When one person loses a home to foreclosure, it’s a personal tragedy. But when thousands default, the problems extend beyond property lines and ripple through the community.Record numbers of foreclosure filings in each of the past three years... Full story

How The Gazette analyzed foreclosure data

RICH LADEN

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The Gazette examined El Paso County Assessor records from July 1, 2007, through Oct. 31, 2009. That period was chosen because it covered a time of changing economic conditions. In 2007, the nation was sliding into recession; in 2008, thousands of... Full story

Move-in condition’ doesn’t mean a buyer’s ready to move in

Couple's spotless, staged house took 6 months, price cuts to sell

RICH LADEN

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When Pat and Rich Nassivera put their house up for sale last spring, it was ready for a buyer to move in. Fresh paint inside and out, new flooring, updated light fixtures, new ceiling fans, a gas fireplace and a sprinkler system were some of the... Full story

One man's foreclosure is another's good fortune

RICH LADEN

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Purchasing a foreclosed home isn’t for everybody, but it has its pluses for buyers who know what they want and what to expect. Tiffany and Jake Tucker bought a foreclosed property when they lived in another state a few years ago. When Jake... Full story

Two Academy Blvd. retail centers reel from multiple blows

BILL RADFORD

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A decade or so ago, the Rustic Hills Shopping Center had gotten a new lease on life. Now it and its neighbor across the street, Rustic Hills North, are largely empty — the victims of changing demographics, shifting retail, building design and... Full story

State Senate bills cover a wide, and sometimes unusual, variety

JIM FLYNN

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Last week, in furtherance of Mark Twain’s theory that no one is safe while the legislature is in session, I told you about a few bills introduced in the 2010 Colorado House of Representatives that I found, well, interesting, and that you are... Full story

Last year's spike in local foreclosure sales was second largest among metro areas

RICH LADEN

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There was more discouraging news on the foreclosure front this week for the Colorado Springs area. Of the state’s 12 most populous counties, El Paso County saw the second biggest percentage increase last year in properties that were sold to... Full story

National unemployment rate drops to 9.7 percent in January

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WASHINGTON (AP) — The outlook for jobs remains bleak despite January's unexpected decline in the unemployment rate, which fell to 9.7 percent from 10 percent in December. A Labor Department survey of households found that 541,000 more... Full story

Urban Renewal Authority accepts blight finding for northside property

RICH LADEN

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A controversial proposal to designate nearly 200 acres of undeveloped land as Colorado Springs’ next urban renewal site took two important steps forward Thursday. The Colorado Springs Urban Renewal Authority accepted a report by Leland... Full story

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