Archives » February 12th, 2008

10 ½ months to sell a home

It’s taking 10.5 months, on average, to sell a home in the Pikes Peak region.
That’s the latest reading from ERA Shields Real Estate, based on the latest Multiple Listing Service data.
While homes in the $150,000 to $325,000 range are selling in 7.3 months, single family houses priced from $325,000 […]

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GM reports $38.7 billion loss

The Associated Press
General Motors Corp. today reported a $38.7 billion loss for 2007, the largest annual loss ever for an automotive company
Executives said the company will make a new round of buyout offers to U.S. hourly workers in hopes of replacing some of them with lower-paid help.
The earnings report […]

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Law allows tax relief for mortgage debt forgiveness

A new law allows homeowners whose mortgage debt was partly or entirely forgiven during 2007 to claim special tax relief.
The Mortgage Forgiveness Debt Relief Act of 2007, enacted Dec. 20, allows eligible homeowners to fill out newly revised Form 982 and attach it to their 2007 federal income tax return.
Normally, debt […]

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Springs on fittest list – but not smartest list

Colorado Springs may have topped Men’s Fitness magazine’s fittest cities in America list, but it didn’t even make it onto Forbes 25 smartest cities in America list, released this week.
Nope, not even Denver or Pubelo made Forbes’ list, but Boulder, however, was No. 1 for the second consecutive year.
The ratings are based […]

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