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Vol. 11 No.1
September 24, 2018
www.csrej.com
Winners revealed for 2018 Parade of Homes The Housing & Building Association of Colorado Springs (HBA) announced the winners of the People’s Choice Awards and the Industry Awards of Excellence for the 2018 Parade of Homes. This year’s featured homes ranged in price from the mid $200,000’s to $2,800,000. 26 builders presented 36 homes located among 19 communities throughout the Pikes Peak Region for the 64th Annual Parade of Homes.
Industry professionals from around the state judged the homes on a number of features including outdoor living, floor plan, architectural exterior, and interior decorating. The coveted People’s Choice Awards is voted on each year by Parade of Homes attendees. The People’s Choice and Industry Awards are both broken out into multiple categories divided by price category. Industry Awards are then further divided among the following
eight categories: Best Kitchen, Best Master Suite, Best Interior Design, Best Floor Plan, Best Outdoor Living, Best Architectural Exterior and Best Overall Home. On Wednesday, August 29, recipients of both the People’s Choice and Industry Awards were awarded by the HBA at the 2018 Parade of Homes Awards Banquet held at Cheyenne Mountain Resort with more than 300 people in attendance. Classic
Rock 98.1’s JP was the emcee of the evening. The sponsors of this year’s Award banquet were Moen, Amnet, Pikes Peak Regional Building Department and Indigo Mortgage.
S E E T H E W I N N E R S PA G E 5 • P H O T O S PA G E 6
Mortgage rates jump to six-week high
Now accounting for 52 percent of U.S. mortgage originations
rates will likely also move up, as the Federal Reserve considers shortterm rate hikes this month and at future meetings.” Freddie Mac reports the following national averages with mortgages rates for the week ending September 13 below. © Copyright National Association of Realtors. Reprinted with permission.
More buyers are bypassing big, established banks and turning to a growing subset of specialized lenders to obtain a mortgage. Last year, a “nonbank” called Freedom Mortgage originated $51.1 billion in home loans, more than Citigroup Inc. and Bank of America Corp., according to research from business news publication Inside Mortgage Finance. Freedom has risen from being the 78th largest mortgage lender in the U.S. in 2012 to the 11th largest today.
Great Pig Roast at Banning Lewis Ranch
2018 HBA Parade of Homes Awards Banquet
Jay Gupta's August Housing Stats
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A strong job market and consumer credit are driving up mortgage rates for the third consecutive week and now to their highest level in six weeks. Mortgage rates are 0.82 percent higher than a year ago—the largest yearover-year increase since May 2014, Freddie Mac reports. Despite the higher rates, Sam Khater, Freddie Mac’s chief economist, expects buyer demand to remain high. “This spectacular stretch of solid job gains and low unemployment should help keep home buyer interest elevated,” Khater says. “However, mortgage
‘Nonbanks’ emerge as top lenders for home buyers
Nonbanks have re-emerged since the last housing crisis and are taking more business from traditional banks, now accounting for 52 percent of U.S. mortgage originations— up from 9 percent in 2009—according to Inside Mortgage Finance. Six of the 10 largest U.S. mortgage lenders today are nonbanks. Larger banks have been pulling away from the general mortgage market and have placed a greater See Nonbanks | Page 2
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Honest & Ethical Service from People You Know. Debbie Havens
Joe Drew
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