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Vol. 10 No.1
September 25, 2017
www.csrej.com
Money Magazine reveals 10 Best Places to Live
Photo by Perceptive Image Creations | PICsbyAmyCox.com
2017 HBA Parade of Homes Awards Banquet On Tuesday, August 29, recipients of the People’s Choice Awards and Industry Awards of Excellence were honored by the HBA at the Parade of Homes Awards Banquet held at The Antlers in downtown Colorado
Springs. NASH FM’s Cutter was the evening's emcee. The event was generously sponsored by Amnet, Moen, Perceptive Image Creations, Pikes Peak Regional Building Department and Stewart Title.
S E E T H E W I N N E R S PA G E 8
Student debt forces 7-year homebuying delay Eighty percent of the more than 2,000 respondents said they do not own a home. The vast majority of that group—83 percent— blame student loan debt for their delay in buying a home. “The tens of thousands of dollars many millennials needed to borrow to earn a college degree have come at a financial and emotional cost that’s influencing millennials’ housing choices and other major life See Debt | Page 4
HBA Parade of Homes Awards Banquet
WCR Luncheon 2017 Affiliate Panel
Jay Gupta's August Housing Stats
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Debbie Havens
Branch Manager (719) 264-1967
Honest & Ethical Service from People You Know. 1730 Chapel Hills Drive Suite 100, Colorado Springs, CO 80920
HELPFUL TIP: Check the license status of your mortgage broker at the Colorado Division of Real Estate’s website. Corp NMLS #3113
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debbie.havens@academymortgage.com
The top 10 best places to live in 2017, according to Money Magazine, are: 1. Fishers, Ind. 2. Allen, Texas 3. Monterey Park, Calif. 4. Franklin, Tenn. 5. Olive Branch, Miss. 6. Dickinson, N.D. 7. Lone Tree, Colo. 8. North Arlington, N.J. 9. Schaumburg, Ill. 10. Bozeman, Mont. © Copyright National Association of Realtors. Reprinted with permission.
National News............ Page 4 Local News................ Page 6 On the Move.............. Page 13 Local Expert.............. Page 14 Around the Corner....... Page 15
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Young adults strapped with student debt are delaying buying a home an average of seven years, according to a joint study by the National Association of REALTORS® and American Student Assistance released Monday. The average student debt load among survey respondents— who are millennials between the ages of 22 and 35—is $41,200, which is higher than their average annual income of $38,800, the study shows.
Fishers, Ind., a suburb of Indianapolis, nabbed the number one spot as this year’s best place to live in Money Magazine's 30th annual list. This was the first year Money Magazine teamed with realtor.com® to leverage the site’s housing market data in compiling its list. The magazine evaluated 2,400 places and factored in eight categories: cost of living, economy, education, housing, crime, convenience, cultural and recreational amenities, and an overall sense of pleasantness. Money Magazine notes that the rising demand for urban living has pushed up prices for homes in cities, prompting more people to move to the suburbs in search of affordability. As such, they focused on municipalities with a population between 10,000 and 100,000 for the list. “Our final list represents the best of America’s towns and cities: places that offer economic opportunity, a sense of community, and access to amenities that make life more enjoyable,” says editor Adam Auriemma.
Amber Fedders
Joe Drew
(719) 505-4458
(719) 266-6155
Loan Officer Assistant
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Loan Officer
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Loan Officer
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Amanda Smith
(719) 264-1952
amandas@academymortgage.com MAC517-1445581