2 way Tejon (click for story)

In an effort to increase traffic downtown, Colorado Springs has decided to make Tejon a two way street. It's too early to tell if this is going to work or not, however, I don't want to be caught behind a delivery truck. :)

USOC STAYS!

Kudos to Colorado Springs for making the right decision to keep the USOC in Colorado Springs by offering a 54 million dollar incentive package. I had great concerns over this matter since the USOC has always been a staple of Colorado Springs and has brought many jobs, city recognition and marketability to the Colorado Springs region. After the closing of many large businesses that have left massive empty buildings behind losing the USOC would have been a very hard blow to deal with. Additionally, Landco and the El Pomar foundation are major contributors to this effort and should be thanked as well. Thank-you Colorado Springs for keeping this wonderful organization right were it belongs.

The bottom yet?

As the real estate debacle continues to unsettle our economy, chief economists are very afraid that things will still get worse before they get much better. Colorado Springs has taken its fair share of lumps during this process however it's important to point out that these stats reflect a more national view on real estate and its effect on the economy. Since our appreciation rate has been more on par with modest 3-5% annuals return rates our housing market has been very protected from owners owing more on their loans then their houses are appraising for. Remember, things are bad but they could definitely be worse.

Leadership Takes Center Stage

Colorado Springs is going to great lengths to promote community awareness and leadership. Click on the above title for a story that I wrote in this weeks Colorado Springs Business Journal about getting younger generations involved in leadership.

An article for the agents

What is an agent to do? The economy tells us that the housing market continues to develop negatively. Many agents are either taking on second jobs or hanging up their license altogether. Over the past 10 years business had been great! It seemed like everyone was able to buy a house and the market was appraising at a very rapid pace. However, these times are much different and it is extremely important to stay on top of potential clients while focusing on marketing techniques. I don't see the amount of agents who are dropping out of the business as a sign that I should do the same, rather I see it as an opportunity to diversify myself and grab new business. So, what are you doing to get more business? Here are some ideas that could help get the ball rolling:
Create a blog and advertise it to everyone you know.
Let those same people know that you are still in the business and that you LOVE referrals.
Attend networking events with other professionals.
Get involved in community groups and charity events.
Pick a four-five block radius around an area that you know well and market yourself door to door.
Partner up with another agent in your firm and work together to obtain greater exposure.
Find For Sale by Owner properties for the potential to list.
Advertise on college campuses to attract first time buyers.
These are just some ways to separate yourself from the pack. Remember, you are selling yourself and a service the services that you can provide. Business isn't going to always walk through the door so you are going to have to go get it!

10 months to sell a home (on average)

This is an interesting article regarding how long it can take to sell your home in the Springs. Starter homes are obviously going quicker because they are more affordable and discounted. I have to agree with the individual who commented on the article when they said that "if priced right" it is more on average with 3-4 monthes.

A great caucus turnout!

Colorado gets a voice! This is the first time that Colorado has been part of Super Tuesday (our caucuses used to be held in March.) I hope that everybody will get a chance to participate in this wonderful democratic process!