csrej - october

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Vol.8 No.2 www.csrej.com October 26, 2015 Coldwell Banker 5K PAGE 4 Peak Producers Bowling Night PAGE 10 Forest Lakes Grand Unveiling PAGE 7 Mobile Issue (Beta) PRSRT STD US POSTAGE PAID PERMIT 745 COLO SPGS CO National News ........... Page 2 Local News ............... Page 8 On the Move ............. Page 13 Local Expert ............. Page 14 Around the Corner ...... Page 15 Sharon Ballinger Sr. Loan Officer (719) 491-2500 [email protected] NMLS #347297 State Lic #100019804 Shannon Livingston Loan Officer (719) 439-1413 [email protected] NMLS #1058406 State Lic #100045193 Marianne Elep Turner Loan Officer (719) 264-1952 [email protected] NMLS #231308 State Lic #100029888 Will Michaloski Loan Officer (719) 232-7553 [email protected] NMLS #1058945 State Lic #100044854 Chad Denny Branch Manager (719) 331-2750 [email protected] NMLS #665068 State Lic #100037389 Debbie Havens Sales Manager (719) 380-1778 [email protected] NMLS #653845 State Lic #100018256 Honest & Ethical Service from People You Know. 5333 North Union Blvd. Suite 100, Colorado Springs, CO 80918 HELPFUL TIP: Check the license status of your mortgage broker at the Colorado Division of Real Estate’s website. Regulated by the Colorado Division of Real Estate, Corp NMLS #3113. PPAR installs new leadership and honors members, announces Realtor of the Year e Pikes Peak Association of REALTORS® (PPAR) cel- ebrated the installation of the 2016 Board of Directors at a formal dinner at e Clubhouse at Flying Horse on Friday, September 24, 2015. PPAR welcomes Darrell Wass, RE/MAX Advantage, as the Chairman of the Board and Charles G. D'Alessio, Syn- ergy Realty Group, Inc., as the Chair-Elect. Joining the lead- ership team are Immediate Past-Chair Cherri Fischer, E Shields Real Estate, Jack Beuse, Paradigm Real Estate, J.P. Speers, BHHS Rocky Mountain, Jon Walker, Walker Asset Management Realty, Inc., Kathy Tutko, RE/MAX Proper- ties, Inc., Debbie Howes, RE/MAX Performance, Inc., Deb Hemmann, Keller Williams Client’s Choice, Patrick Mul- doon, Muldoon and Associates, Jacob Curbow, Century 21 Curbow Realty, and George Nehme, e Platinum Group. Mortgage rates are staying below 4% Judge orders analysis of Zillow computers Interest rates may remain lower longer than originally expected. e Federal Reserve re- leased recent comments that suggested it may continue to hold off in raising short-term inter- est rates and weaker-than-expected consumer demand is all pushing Treasury yields lower. "As the shock of the weak September em- ployment report wore off, Treasury rates driſted higher,” says Sean Beckei, Freddie Mac’s chief economist. “In response, the 30- year mortgage rate climbed 6 basis points to 3.82 percent, marking 12 consecutive weeks below 4 percent. Late-breaking news sug- gests mortgage rates may remain in this ter- ritory a while longer. Aſter this week's survey closed, Federal Reserve Governor Daniel Tarullo was quoted suggesting the Fed may not act this year, and Wednesday the 10- year Treasury closed under 2 percent in re- action to economic releases indicating weak consumer demand." As such, for the 12th consecutive week, 30- year fixed-rate mortgages have remained be- low 4 percent. A Seale judge has ordered a neutral, in- dependent forensic analysis of employee computers at Zillow, appearing to bolster al- legations that the company stole trade secrets from realtor.com®, its leading competitor, and aempted to destroy the evidence. Realtor.com® operator Move Inc. and the National Association of REALTORS® filed suit against Zillow last year, claiming two top Move executives shared confidential informa- tion with Zillow before accepting high-place- ment positions there. Former realtor.com® President Errol Samuelson and former Move Executive Vice President of Industry Develop- ment Curt Beardsley engaged in deceptive and unlawful conduct by passing highly sensitive information to Zillow CEO Spencer Rascoff and others in the run-up to their March 2014 departures from Move, the suit alleges. e information they shared related to a then-con- fidential potential transaction between Trulia and Move, as well as multiple business initia- tives being undertaken by Move in support of realtor.com®. Samuelson and Beardsley are also named as defendants in Move and NAR’s suit. Move and NAR have repeatedly alleged in the lawsuit that Zillow and its personnel hid and destroyed evidence to cover up unlawful conduct. e forensic investigation of Zillow com- puters, to be led by a court-appointed foren- sic expert, will include USB devices, e-mail accounts, Zillow computers, and personal computers and tablets used by Samuelson and Beardsley. NAR General Counsel Katherine Johnson says the judge’s order is another positive step that will help the association and Move prove its case. See Rates | 6 See Zillow | 5 See PPAR | 8

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Page 1: CSREJ - October

Vol.8 No.2 www.csrej.com October 26, 2015

Coldwell banker 5k

pagE 4

peak producersbowling night

pagE 10

forest lakesgrand Unveiling

pagE 7 mob

ile is

sue

(Bet

a)

PRSRT STDUS POSTAGEPAIDPERMIT 745 COLO SPGS CO

National News ........... page 2Local News ............... page 8On the Move ............. page 13Local Expert ............. page 14Around the Corner ...... page 15

Sharon Ballinger

Sr. Loan Officer(719) 491-2500

[email protected] #347297

State Lic #100019804

ShannonLivingstonLoan Officer

(719) [email protected]

NMLS #1058406State Lic #100045193

MarianneElep TurnerLoan Officer

(719) [email protected]

NMLS #231308State Lic #100029888

WillMichaloskiLoan Officer

(719) [email protected]

NMLS #1058945State Lic #100044854

ChadDenny

Branch Manager(719) 331-2750

[email protected] #665068

State Lic #100037389

DebbieHavens

Sales Manager(719) 380-1778

[email protected] NMLS #653845

State Lic #100018256

Honest & Ethical Service from People You Know.5333 North Union Blvd. Suite 100, Colorado Springs, CO 80918

HELPFUL TIP: Check the license status of your mortgage broker at the Colorado Division of Real Estate’s website. Regulated by the Colorado Division of Real Estate, Corp NMLS #3113.

PPAR installs new leadership and honors members, announces Realtor of the Year

Th e Pikes Peak Association of REALTORS® (PPAR) cel-ebrated the installation of the 2016 Board of Directors at a formal dinner at Th e Clubhouse at Flying Horse on Friday, September 24, 2015.

PPAR welcomes Darrell Wass, RE/MAX Advantage, as the Chairman of the Board and Charles G. D'Alessio, Syn-ergy Realty Group, Inc., as the Chair-Elect. Joining the lead-ership team are Immediate Past-Chair Cherri Fischer, ERA Shields Real Estate, Jack Beuse, Paradigm Real Estate, J.P. Speers, BHHS Rocky Mountain, Jon Walker, Walker Asset Management Realty, Inc., Kathy Tutko, RE/MAX Proper-ties, Inc., Debbie Howes, RE/MAX Performance, Inc., Deb Hemmann, Keller Williams Client’s Choice, Patrick Mul-doon, Muldoon and Associates, Jacob Curbow, Century 21 Curbow Realty, and George Nehme, Th e Platinum Group.

Mortgage rates are staying below 4%

Judge orders analysis of Zillow computers

Interest rates may remain lower longer than originally expected. Th e Federal Reserve re-leased recent comments that suggested it may continue to hold off in raising short-term inter-est rates and weaker-than-expected consumer demand is all pushing Treasury yields lower.

"As the shock of the weak September em-ployment report wore off , Treasury rates drift ed higher,” says Sean Beckett i, Freddie Mac’s chief economist. “In response, the 30-year mortgage rate climbed 6 basis points to 3.82 percent, marking 12 consecutive weeks below 4 percent. Late-breaking news sug-

gests mortgage rates may remain in this ter-ritory a while longer. Aft er this week's survey closed, Federal Reserve Governor Daniel Tarullo was quoted suggesting the Fed may not act this year, and Wednesday the 10-year Treasury closed under 2 percent in re-action to economic releases indicating weak consumer demand."

As such, for the 12th consecutive week, 30-year fi xed-rate mortgages have remained be-low 4 percent.

A Seatt le judge has ordered a neutral, in-dependent forensic analysis of employee computers at Zillow, appearing to bolster al-legations that the company stole trade secrets from realtor.com®, its leading competitor, and att empted to destroy the evidence.

Realtor.com® operator Move Inc. and the National Association of REALTORS® fi led suit against Zillow last year, claiming two top Move executives shared confi dential informa-tion with Zillow before accepting high-place-ment positions there. Former realtor.com® President Errol Samuelson and former Move Executive Vice President of Industry Develop-ment Curt Beardsley engaged in deceptive and unlawful conduct by passing highly sensitive information to Zillow CEO Spencer Rascoff and others in the run-up to their March 2014 departures from Move, the suit alleges. Th e information they shared related to a then-con-

fi dential potential transaction between Trulia and Move, as well as multiple business initia-tives being undertaken by Move in support of realtor.com®. Samuelson and Beardsley are also named as defendants in Move and NAR’s suit.

Move and NAR have repeatedly alleged in the lawsuit that Zillow and its personnel hid and destroyed evidence to cover up unlawful conduct.

Th e forensic investigation of Zillow com-puters, to be led by a court-appointed foren-sic expert, will include USB devices, e-mail accounts, Zillow computers, and personal computers and tablets used by Samuelson and Beardsley.

NAR General Counsel Katherine Johnson says the judge’s order is another positive step that will help the association and Move prove its case.

See Rates | 6

See Zillow | 5

See PPAR | 8

Page 2: CSREJ - October

2 www.csrej.com Colorado Springs Real Estate Journal October 26, 2015

Colorado Springs Real Estate Journal LLC 4655 Fencer Road, Colo Spgs, CO 80911

director of advertisingRachelle Nardo

[email protected]

director of publishingJosh Olson

[email protected]

Colorado Springs Real Estate Journal LLC (CSREJ) is locally owned and operated out of Colorado Springs, Colorado. CSREJ is published once a month and distributed through US Mail to nearly all members of The Pikes Peak Association of Realtors® and The Colorado Springs Housing & Build-ing Association and many other industry-related professionals.

CSREJ is not responsible for any opinions or facts expressed by non-staff writers. CSREJ shall not be held responsible for any errors in advertising or editorial content.

Realtor® is a registered trademark. Some-times the word Realtor® or Realtors® will appear without the “®” symbol for the purpose of saving space. The registered trademark should be assumed if it is not present.

we welcome the submission of articles, photos and press releas-es. See website for guidelines.

office: 719.439.0773fax: 719.358.6657

www.csrej.com

Not affi liated with The Colorado Springs Business Journal

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Home owners’ net worth is signifi -cantly higher than renters. A typical home owner’s net worth is $195,400 compared to a renter’s $5,400, ac-cording to the Federal Reserve’s last data from 2013.

Th e Fed’s next survey of household fi nances, which is conducted every three years, is due out in 2016 and the renter to home owner gap is ex-pected to widen further due to price increases.

Lawrence Yun, chief economist for the National Association of REAL-TORS®, predicts the fi gure to jump to $225,000 to $230,000 in median net worth for home owners in 2016 and around $5,000 for renters.

If that proves correct, the typical home owner will be ahead of a typi-cal renter by a multiple of 45 on a life-time fi nancial achieve-ment scale.

“Th ough there will always be discussion about whether to buy or rent, or whether the stock market off ers a bigger return than real estate, the real-ity is that home owners steadily build wealth,” Yun writes in his latest col-umn for Forbes.com. “Th e simplest math shouldn’t be overlooked. A vast majority of home buyers take out a

30-year fi xed rate mortgage to make a home purchase. Aft er 30 years, there is no mortgage payment (nor rent payment). So the home price growth over that time period would be the equity that the home buyer would have accumulated.”

Th e majority of Americans do aspire to be home owners and the home ownership rate increases sig-nifi cantly through age. For example,

the home ownership rate among households under the age of 35 is 35 percent, but by the time people reach their prime-earning years of 45 to 55, nearly three-fourths are home own-ers. By retirement, nearly 80 percent are home owners, Yun notes.

© Copyright National Association of Realtors. Reprinted with permission.

Home owners trump renters in wealth

Yun

Page 3: CSREJ - October

October 26, 2015 Colorado Springs Real Estate Journal www.csrej.com 3

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Steve Johnson Managing Broker 6215 Corporate Dr. Colorado Springs, CO 80919Phone: 650‐[email protected]

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Page 4: CSREJ - October

4 www.csrej.com Colorado Springs Real Estate Journal October 26, 2015

ColdwEll bankER RESidEntial SponSoRS SpRingS 5k / Half maRatHonSeptember 27, 2015

Coldwell Banker Residential Bro-kerage was a proud Sponsor of The Colorado Springs 5k & Half Mara-thon Presented by Penrose-St. Fran-cis Health Services that was held on September 27, 2015. In covering the 13.1 miles, runners toured the heart of Colorado Springs and passed through some of the city’s most beautiful and historic areas, such as The Old North End, Colorado College, America the Beautiful Park, Monument Valley Park, Memorial Park, and the Olym-pic Training Center. There were 957 registered runners and the fist run-ner for the Half Marathon finished in 1:06:25. Coldwell Banker Residential Brokerage had more than 25 agents volunteering at the event working the aid stations and handing out food at the end.

Page 5: CSREJ - October

October 26, 2015 Colorado Springs Real Estate Journal www.csrej.com 5

National News

“NAR and Move have been saying for some time that Zillow and its employees have destroyed evidence and misappropriated confi dential business information aff ecting realtor.com®. We’re grateful the court in Seatt le has appointed a forensic expert to search for more indications of unlawful conduct,” she says.

Zillow fi led a counter lawsuit against Move and NAR earlier this year aft er former Zillow Vice President Chris Crocker sent a whistleblower let-ter to Move detailing Zillow’s alleged att empts to steal realtor.com® databases and hide intellectual property in cloud storage ac-counts. A database was later located and produced in the case by Zillow. Th e metadata from the database confi rmed it was indeed created and maintained by Move but was accessed by a user identifi ed as “Curt” before and aft er the date Beardsley joined Zillow in March 2014.

Zillow claimed in its countersuit that the lett er, which was publicized in the media, contained falsehoods as well as trade secrets that hurt Zillow’s reputation and competitive position. NAR has fi led a motion to dismiss the counterclaims.

© Copyright National Association of Realtors. Reprinted with permission.

Home owners’ fear of selling their homes for less than what they paid is abating, as sellers grow more confi -dent that they’ll recoup the amount they spent. Over the past two years, their confi dence has grown 29 per-cent, according to a survey conduct-ed by the National Association of REALTORS® of 1,000 adults in the nation’s 50 largest metro areas.

Seventy-one percent of home owners disagreed with the statement: “I do not think I could sell my house for what I paid for it.” Th at is up from 55 percent in 2009, 2010, and 2013. Only 27 percent agreed with that statement, which is down from 42 percent in 2013, according to NAR.

Sellers’ confi dence will likely ex-tend into next year too. Four in 10 Americans surveyed say they expect home prices to rise in their market over the next year.

Only 23 percent said they would like to move but don’t think they could sell their house in the current market, down from 38 percent two years ago. Some 74 percent of own-ers said that would like to move, but think they could sell their house, an

increase of 17 points over last years.Sellers are showing greater confi -

dence today than in the past four that they could sell their home in the cur-rent market too. Today, 74 percent feel like they could sell in the current market compared to 57 percent who

were confi dent about selling in 2013.Seller confi dence will likely ex-

tend to their outlook for next year too. Four in ten adults in the survey (41%) expect prices to rise in their market. Some 47 percent said prices will stay the same and only 6 percent expect them to decrease.

Strategies designed and adminis-tered this telephone survey conduct-ed by professional interviewers.

© Copyright National Association of Realtors. Reprinted with permission.

Today, 74 percent feel like they could sell in the cur-rent market compared to 57 percent who were con� -dent about selling in 2013.

Sellers are more confi dent they’ll make money

Zillow from 1

Page 6: CSREJ - October

6 www.csrej.com Colorado Springs Real Estate Journal October 26, 2015

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Freddie Mac reports the following national averages with mortgage rates for the week ending Oct. 15:

30-year fixed-rate mortgages: averaged 3.82 percent, with an average 0.6 point, rising from last week’s 3.76 percent average. A year ago, 30-year rates averaged 3.97 percent.

15-year fixed-rate mortgages: averaged 3.03 percent, with an average 0.6 point, in-creasing from last week’s 2.99 percent aver-age. Last year this time, 15-year rates averaged 3.18 percent.

5-year hybrid adjustable-rate mortgages: aver-aged 2.88 percent, with an average 0.4 point, hold-ing the same as last week. A year ago, 5-year ARMs

averaged 2.92 percent.

1-year ARMs: averaged 2.54 percent, with an av-erage 0.2 point, dropping from last week’s 2.55 per-cent. Last year at this time, 1-year ARMs averaged 2.38 percent.

© Copyright National Association of Realtors. Reprinted with permission.

Rates from 1

Page 7: CSREJ - October

October 26, 2015 Colorado Springs Real Estate Journal www.csrej.com 7

foRESt lakES gRand UnVEilingOctober 8, 2015

ForestLakesColorado.com Located South of Monument, just off Baptist Road, West of I-25

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On October 8th, nearly 400 Realtors, interested home buy-ers, and invited guests joined the community development team at the future site of Waterfront Park in Forest Lakes to learn about real estate opportunities now available in northwestern El Paso County. With only 33 custom home sites available in the fi rst release, known as the Estates at Forest Lakes (1-5 acre lots), the interest from lo-cal custom homebuilders resulted in 31 reservations, with only two home sites remaining as of October 9th. Classic Homes also opened reservations for their 80-foot wide home sites in Bristlecone at Forest Lakes and currently has 12 reserva-tions to date.

Community Fast Facts:

• Estates at Forest Lakes: Now selling 1-5 acre home sites (33)

• Bristlecone at Forest Lakes: Now accepting reservations(78 homes)

• Pinons at Forest Lakes: Coming Summer 2016 (158 proposed homes)

For more information visit www.ForestLakesColorado.com

Page 8: CSREJ - October

8 www.csrej.com Colorado Springs Real Estate Journal October 26, 2015

Local News

Top performing school districts are one of the important factors in helping to bring businesses to our community and supporting the election of pro-industry candidates bolsters future business pros-pects and the local economy.

When our schools have business-mind-ed, engaged and strong boards, our com-munities thrive with commerce and build the foundation for your success, encour-aging a healthy and prosperous industry in the Pikes Peak Region.

Th rough a defi ned and thoughtful in-terview process, HBA-PAC has endorsed the following school board candidates:

District 11

Dan Ajamian: danford11.orgJeff Kemp: kemp4d11.org Karla Heard-Price: karla4kids.org

District 38

Lani Moore - Dist. 1:facebook.com/lani4kidsfi rst

Sarah Sampayo - Dist. 2: sarah4kids.com

Gordon Reichal - Dist. 4: [email protected]

Matt Clawson - Dist. 5: facebook.com/Elect-Matt hew-Clawson

Local Ballot Issues

Issue 2C - Road and Street MaintenanceVote YES - HBA supports this measure

Issue 2D - Park Trail ImprovementsVote YES - HBA supports this measure

HBA-PAC endorses School Board candidates, supports local ballot issues 2C & 2D

2016 Offi cers of Southern Colorado Chapter ASHI

Installed as Colorado Association of REALTORS® (CAR) Directors:

• Donna Major, RE/MAX Advantage• Wynne Palermo, WYNNE Realty, Ltd.• Jack Beuse, Paradigm Real Estate

Installed as a National Association of REALTORS® (NAR) Director:

• Hank Poburka, Th e Platinum Group

Th e evening’s celebration, included the presenta-tion of various awards and honors.

REALTOR® of the Year:

PPAR named Jack Beuse as “REALTOR® of the Year,” the Association’s highest honor. Beuse, of Paradigm Real Estate, has been a member of the Association since 2003 and has served in various leadership positions including Chairman of the Board in 2012 and currently serving as a Director for the Colorado Association of REALTORS®.

PPAR also presented the “Extra Mile Award” for excellence, service and dedication to the real estate industry to Wynne Palermo of WYNNE Realty, Ltd., and Darrell Wass of RE/MAX Advantage.

Th e fi nal award of the evening was presented to Terry Storm, President and CEO of PPAR. Storm was honored with the inaugural lifetime leadership and service award for his 28 year career leading not only the Pikes Peak Association of REALTORS® but also infl uencing associations around the state on pol-icy governance and leadership. Th e award also carries special signifi cance as REALTORS® named the life-time leadership award in honor of its fi rst recipient Terry L. Storm.

Th e Southern Colorado Chapter of ASHI (American Society of Home In-spectors) recently voted on offi cers for the upcoming year.

Pictured from left to right: Dan Noteboom – Vice PresidentDan Miller – TreasurerJohn Ciambello – PresidentAaron Hunt – Secretary

By Bella McClellan, Free-Lance Professional Photographer & JournalistPhotos by John Hoff man and Bella McClellan

It is my great privilege to introduce you to the 2016 President of the Pikes Peak Chapter of the Women’s Council of Realtors® (WCR) - Dawn Grubbs, Bro-ker/Owner of Grubbs Realty. Dawn was installed as the new WCR President on October 8th, 2015 in the presence of her colleagues, friends and family at Ho-tel Eleganté. It was an exciting event full of fabulous speeches, games, food and prizes welcoming in the 2016 Board Members while saying goodbye to 2015.

While WCR starts a new year with fresh faces, let us not forget the hard work, dedication, and integrity that the 2015 Board Members exemplifi ed during their ser-vice over the last year. So let a warm farewell of appreci-ation go out to Kathy Tutko (President), Dawn Grubbs (President Elect), Gabriele Onofre (VP of Member-ship), Linda Schierholz (Treasurer), and Laura Read (Secretary). Understanding that their continued sup-port will be priceless, Dawn passes along this message to her predecessors, “I would say ‘you will all be missed,’ however, I am hoping for your continued participation and support in the year to come.”

In a continued ef-fort to honor those who stood out in 2015, the presenta-tion of awards high-lighted Gabriele Onofre, 2015 WCR Realtor Member of the Year, and Ann Campbell, 2015 WCR Affi liate Member of the Year. “A special thank you to these la-dies for their dedication and hard work,” said Dawn, “WCR wouldn’t be where it is today if it hadn’t been for their participation.”

On that note, the future is a bright one as WCR wel-comes in its New 2016 Board Members: Dawn Grubbs (President), Gabriele Onofre (President Elect), Laura Read (VP of Membership), Linda Schierholz (Trea-surer) and Michele Cohn (Secretary).

In addition to the new board we also have the new Committ ee Chairs and Liaisons: Michele Van Metre (PPAR Liaison), Lani Moore (Education and Pro-gram Chair), Debbie Mauro (Ways and Means Chair), Marisol Irizarry and Ann Kid (Hospitality Chair and

Presenting the New 2016 WCR President – Dawn Grubbs of Grubbs Realty

PPAR from 1

See WCR | 11

Page 9: CSREJ - October

October 26, 2015 Colorado Springs Real Estate Journal www.csrej.com 9

OVER

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Money Talks. Sometimes, It Even Screams.

All Colorado licensed Realtors are eligible, but only the strongest of the strong will walk away winners.*

The More You Sell, The More Chances to Win!

Qualifying Golden Tickets will be presented to Realtors for each closing during the quarter.

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Announcing the Banning Lewis Ranch$15,000 Realtor Rewards Program

*Valid on new homes only and contracts must close to qualify. Incentive does not apply to resale homes. Bonus earnings are per quarter and will be awarded at each Quarter’s Realtor Rally. Some restrictions may apply. Promotion terms are subject to change without notice.

We’re talking cash bonuses of $2,500, $5,000,and $7,500. Every quarter. All year.

Make 2015 your best, most lucrative year ever. Watch for your quarterly invitation to the

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Money Talks.Announcing the Banning Lewis Ranch$15,000 Realtor Rewards Program

We’re talking cash bonuses of $2,500, $5,000,and $7,500. Every quarter. All year.

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Page 10: CSREJ - October

10 www.csrej.com Colorado Springs Real Estate Journal October 26, 2015

Local News

Th e Pikes Peak Association of RE-ALTORS® (PPAR) announced its en-dorsement for Colorado Springs Dis-trict 11 and D 38 School Board races that will take place with the Novem-ber 3rd Coordinated Election.

Th e REALTORS® asked candidates about the issues facing the school district and how to address those is-sues. In addition, the group requested candidates share their vision for im-proving the quality of education and for innovation within the school dis-tricts. District 11 and 38 where asked to participate as they are districts that are having an offi cial election; other districts either cancelled elections for board seats due to no competitive rac-es or simply equal amounts of candi-dates fi led paperwork to fi ll open seats. Only candidates that interviewed are considered for an endorsement.

“Th e Pikes Peak Association of RE-ALTORS® is pleased to endorse Nora Brown, Elaine Naleski, Jeff Kemp and Karla Herd Price for District 11 and Matt hew Clawson, Lani Moore and Gordon Reichal for District 38 said Darrell Wass, Chairperson of PPAR. “Each of the candidates demonstrated knowledge, experience and passion for education that our association seeks from those interested in serving on the school board. Wass also added “candidates that received endorse-ment displayed a depth of knowl-edge about REALTOR® issues and a tremendous understanding about the quality of education in relation to housing.”

Pikes Peak Association of REALTORS® announces candidate endorsements for School Board

Katherine Rigge stood out in the crowd on Sunday. September 27, 2015 at Th e Colorado Springs Half Marathon Race; held at Acacia Park in beautiful downtown Colorado Springs. Rigge fi nished her fi rst half marathon race with smile and an im-pressive time of 2:30.

RE/MAX Properties, Inc. loves to see this kind of drive and ambition on the race track as well as the real estate track. RE/MAX Properties, Inc. sends out a well-deserved congratulations and keep up the good work praise to Katherine Rigge for all she does on and off the track!

pEak pRodUCERS bowling & nEtwoRking nigHtOctober 13, 2015 at Bass Pro Shop’s Uncle Buck’s Fish Bowl & Grill

[email protected] | www.csrej.com

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Page 11: CSREJ - October

October 26, 2015 Colorado Springs Real Estate Journal www.csrej.com 11

Local News

Harvey named CAR Realtor of the Year

Axia Home Loans is a registered trade name of Axia Financial LLC | NMLS ID 27830Axia Home Loans is a registered trade name of Axia Financial LLC | NMLS ID 27830

Not all applicants will qualify. Certifications are based on applicant’s income, debt, asset, and credit information and their ability to repay the proposed loan. Preliminary Analysis is based on applicant’s self-reported information, Verified Analysis is based on a credit report and other specific verifying documentation, and Underwriting Analysis is based on a comprehensive creditworthiness analysis. Closing Speed characterizations refer to the time between a fully executed purchase and sale agreement and closing and are subject to delays caused by other parties. Certain restrictions apply; contact us for more details.Speed characterizations refer to the time between a fully executed purchase and sale agreement and closing and are subject to delays caused by other parties. Certain restrictions apply; contact us for more details.Speed

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Co-Chair), Ann Campbell (Technology Chair), Ruthie Kline and Andrea Warner (Holiday Auction Chair and Co-Chair), Heidi Gravert and Angela Fugate (Rookie Seminar Chair and Co-Chair) and Jorgett e Krsulic (Parliamentarian).

Th is next year will be about building on the hopes and dreams of this exceptional group of women, which begins with Dawn’s presidential ac-ceptance speech. She has pledged to off er her “…absolute commitment to [WCR] and to the success of this Chapter” in an eff ort to give all members “the opportunity to be fully engaged and to achieve their potential.” She is excited about the opportu-nities that lay before WCR in this coming year and

advancing in specifi c key areas. Dawn would like to continue to place att ention on the quality pro-gramming for the business resource luncheons, the Rookie Seminar which won national recogni-tion, visiting employing brokers to get the word out about what WCR off ers, giving members the opportunity to develop their leadership and team skills, and more! She promises to uphold the “val-ues of education, leadership, and relationships as epitomized by the National Women’s Council of Realtors” as she encourages WCR and its affi liates to make that extra diff erence in our communities.

I have personally had the honor of watching

Dawn become the woman and leader she is today; an inspiration to all business professionals. Roughly 30 years ago she began her journey by creating a successful advertising agency, For Your Image, in Fort Myers, Florida. As part of her dream, Dawn started the GEMS high school and college intern-ship program for area students. Th is program gave area youth an opportunity to gain skills in market-ing, graphic design, team building, and leadership. Aft er moving to our beautiful Colorado Springs, Dawn upheld her values in “education, leadership and relationships” by serving on the Board of Pack 83 of the Boy Scouts of America and volunteering in the D11 Schools att ended by her grandchildren.

Th e promises Dawn has made as part of her pres-idential installation are based on the same values

she has been practicing for the last 30+ years. Her work ethic is beyond reproach as demonstrated by her rise through our local real es-tate community. Dawn has been honored to receive the 2014 WCR Realtor Member

of the Year award and has earned her GRI, CNE and CMRS.

As any great leader understands, achievements are not accomplished without the help of a sup-porting community. During her installation speech, Dawn made sure to thank PPAR staff ; past and current WCR leaders, members, volunteers, mem-bership and corporate sponsors; her Toastmaster’s group and all those who have made the progress of WCR possible. Her speech ended with a fi nal thought by Bill Gates, “Leaders will be those who Empower Others,” reminding WCR that “Together We Will Succeed.”

Dawn GrubbsLocal Chapter

President

Gabriele OnofreLocal Chapter President-Elect

Laura ReedLocal VP of Membership

Michelle CohnLocal Chapter

Secretary

Linda SchierholzLocal Chapter

Treasurer

Kathy M. TutkoImmediate Past

President

George Harvey, broker/own-er of Th e Harvey Team in Tel-luride, Colo., was named Colo-rado REALTOR® of the Year by the Colorado Association of REALTORS® (CAR) at its 95th annual convention in Keystone, Colo. Th e award is the most prestigious award given to a CAR member and is a culmination of a distinguished career within the REALTOR® or-ganization— at the local, state and national levels. In addition to activity within the association, the REALTOR® of the Year is a person active at the community level and successful in business.

A REALTOR® member since 1984, Harvey is a two-time Telluride REALTOR® of the Year (1993, 2007). With countless hours of volunteer time, he has proactively served his community and his industry for more than 30 years and has held a wide range of leadership positions at the lo-cal, state and national level throughout his career. Harvey’s leadership includes serving as president of the Telluride Association of REALTORS® and president of the Colorado Association of REAL-TORS® in 2009-10 where he has also served on the executive committ ee.

“George has given his time and expert insights to help guide our local, state and national REAL-TOR® organizations,” said Tyrone Adams, CEO of the Colorado of Association of REALTORS®. “He has given countless hours of his personal time giving back to both the community and the industry that he loves.” © CAR, reprinted with permission.

WCR from 8

Page 12: CSREJ - October

12 www.csrej.com Colorado Springs Real Estate Journal October 26, 2015

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FALL HOME MAINTENANCE TIPS

American Society of Home InspectorsAmerica’s Oldest, Most Trusted Organization

for Professional Home Inspectors

To find your inspector, log ontowww.ASHI-SouthernColorado.org

A certified ASHi Home inSpector possesses the skills, training, knowledge and experience to evaluate the overall condition of the biggest investment your client will ever make!

Although a home inspection is not a maintenance inspection, many times a lack of maintenance leads to problems with a home that could have been prevented simply by fol-lowing a simple checklist of basic home maintenance tips. So, before the weather grows colder it’s impor-tant to prepare for the winter months to prevent costly damage. Below are the fall preventative home mainte-nance steps that every homeowner should follow.

Guttters And Downspouts

• Clean gutt ers and downspouts frequently throughout fall to prevent build up of leaves and other debris. Neglected gutt ers can lead to wood rot problems and pest infestations, not to mention ruined gutt ers

• Be sure water is not coming down behind gutt ers and that all sup-port brackets are securely in place

• Ensure that water drains properly and doesn’t pool. Pooling can cause damage to foundations, driveways and walkways

Windows And Doors

• Change summer screens to cool weather storm windows and doors

• Inspect and repair any loose or damaged window or door frames

• Install weather stripping or caulking around windows and doors to prevent draft s and to lower heating bills

Heat Systems

• Replace the fi lter in your furnace• Consider having a heating pro-

fessional check your heating system to ensure optimal performance and

discover minor problems before they turn into costly major repairs

• Clean your ducts to bett er your heating system’s effi ciency as well as to reduce household dust and to provide relief to those with respira-tory problems

Plumbing

• To prevent pipes from freezing and bursting, ensure that the pipes are well insulated

• Know how to locate and turn off the water shut-off valve in case pipes do freeze

Chimney And Fireplace

• Call a professional in to inspect and clean your chimney. Fireplaces that are regularly used during the sea-son should have an annual cleaning to prevent dangerous chimney fi res.

• Test your fi replace fl ue for a tight seal when closed.

Attic Ventilation

• Be sure att ic insulation doesn’t cover vents in the eaves to prevent winter ice dams on the roof

• Be sure ridge vents and vents at caves are free of plants and debris

• Check bird and rodent screens for att ic vents to prevent any unwant-ed guests

Landscape And Yardwork

• Although grass appears to stop growing in the fall, the roots are actually growing deeper to prepare for winter. Now is the best time to fertilize and reseed your lawn.

• Prune your trees and shrubs aft er the leaves turn to encourage healthy growth

• Trim any tree limbs that are dangerously close to the power lines or the roof of your house. Heavy snow and ice can cause damages in the winter

Above article supplied by ASHI Southern Colorado. You can fi nd a local ASHI (American Society of Home Inspectors) certifi ed inspector by visiting www.ASHI-SouthernColorado.org.

In Depth

Page 13: CSREJ - October

October 26, 2015 Colorado Springs Real Estate Journal www.csrej.com 13

On the Move

dustin blaichKeller Williams Clients Choice(incorrectly listed last issue)

Energetic, self-starter breaking into a real estate career after 5 years in the Kitchen and Bath industry. I was born in Indiana, graduated from Indiana Univer-sity, and have lived in Punta Gorda, Flor-ida for the past 4 years. My wife (Sarah) and I both served on active duty in the Marine Corps and we have (3) beautiful children who are extremely active in soft-ball and soccer. Our decision to relocate to Colorado is an easy explanation, we love the outdoors and the seasons! I have a passion for running/biking/swimming and that probably explains why triath-lons fit well into my bio. I completed my 1st full distance (Ironman) in 2014 and looking forward to my next big race (Boulder 2016). Having over 8 years of active duty military experience, I under-stand the dedication, responsibility, and integrity involved with performing at the

highest levels. I appreciate the time and opportunity to work with you, and I look forward to help opening that next door in your real estate future.

Harned, Schlaufman

EXIT Realty Pikes PeakSkip Harned: As an accomplished

Call Center Professional Services Con-sultant AT&T for 28 years, Skip observed the world through the mindset of “being of service” and finding solutions regard-less of the complexity of the challenge. He realized early on that successful solu-tions are always win-win. His was a posi-tion requiring negotiation, perseverance, dedication and communication skills as he worked with a diverse, high-profile and international customer base. Today, as a real estate professional, he is bringing those same skills and talents to an equally broad spectrum of discriminating clients.

A focused listener, able adviser and fierce yet fair advocate, Skip is known for his intuition and diligence while employ-ing encouragement and genuine concern as he creates a positive experience for both sides in any property transaction. His business approach is direct and suc-cessful: he listens to the client's needs and matches them to the right proper-ty, then assures an honest and efficient transaction.

Skip is Investor and Military friendly.

Skip's focus is, to be in touch and stay in touch, is the key to his long-term rela-tionships with his clients, and that same philosophy permeates his philanthropic life. He is very active in the non-profit community with the homeless and those suffering from substance abuse. Skip is a Certified Addictions Counselor in the State of Colorado.

Skip attended Arizona State Univer-sity and studied Business Marketing.

Married and has four children, Skip lives in Colorado Springs and has lived in Colorado since 1989 from New Jer-sey and was formerly a Broker Associate with Keller Williams Partners, Sellstate Alliance Realty and now with Exit Realty Pikes Peak.

Devin Schlaufman: Real Estate Agent, Devin Schlaufman, has been a successful sales person in varying indus-tries over the past thirteen years. Her interest in Real Estate and the housing market combined with her skills in sales and customer service along with her per-sonality, blended together made a perfect recipe for her choice in entering the real estate profession.

Although real estate is nothing new for Devin, as she comes from a fam-ily of property investors and a long line of real estate agents, is happy to follow in her family's footsteps. Devin and her beautiful five year old daughter (who is often referred to as Devin's "Mini-Me") are both proud Colorado Springs natives and are absolutely in love with the amaz-ing city that they live in.

In Devin's free time, she and her

daughter enjoy all the Colorado has to offer, from enjoying different hikes in the Pikes Peak region, to concerts at Red Rocks, boating at Pueblo Reservoir, vis-iting the Cheyenne Mountain Zoo, to playing at several of the outdoor parks throughout the year.

Devin understands the importance in purchasing a home. Especially your first home as she remembers how she felt while purchasing her first home at the age of 23. A feeling of pride and accom-plishment (along with a little bit of fear) are all emotions that may come to play in your real estate journey, but Devin wants you to know that she is sensitive to those feelings (and fears) and will help every step of the way to make your home buy-ing experience comfortable and enjoy-able and maybe even fun.

Snediker, Shuman

RE/MAX PropertiesRE/MAX Properties, Inc. is pleased

to announce that Terri Ann Snediker has joined Karen Bluemel’s team at our North office (1740 Chapel Hills Dr. Col-orado Springs, CO 80920).

RE/MAX Properties, Inc. is pleased to announce that Valerie Shuman has joined Tina Swonger’s team at our south office (2630 Tenderfoot Hill St. Suite 100, Colorado Springs, CO 80906).

Someone new in the office?New certification?

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Page 14: CSREJ - October

14 www.csrej.com Colorado Springs Real Estate Journal October 26, 2015

Local Expert

Haunted HousesIt was a dark and stormy night, one of many in our real estate

market between 2008 and 2011. Fear had spread across the land as property values plummeted and foreclosures explod-ed. Our communities became exposed to zombie borrowers, robo-signers, ghost inventory and dead deals. In a very short time, we went from Happy Days to Nightmare on Easy Street.

But the foggy special eff ects have since cleared, and Colo-rado Springs is nowhere close to becoming a ghost town. In fact, our real estate market has improved so much that it’s downright scary – you could even say it has become Boo-tiful.

In the month of September this year, there were 3,215 active listings in the Pikes Peak Multiple Listing Service. Even though that represented a 5-month consecutive increase, the number of listings averaged over the previous 12-months was 2,952 for the month – by far the lowest average for at least a dozen years or more. Arrggghhhh – limited supply!

Th e number of sales in the month of September from the PPMLS totaled 1,191 – a considerable drop from the four months previous. However, when averaged over the previous 12 months, the number of sales totaled 1,071 – the 13th consecutive monthly increase and the highest average since late-2005 to late-2006. Oooooh – increased desire!

Of course, the relative lack of product on the market helps to drive up prop-erty values, which in turn, increases home equity. Th at helps to contribute to a drop in foreclosures – Ewwwww! In September of this year, only 95 foreclo-sure notices were fi led in El Paso County – that is 4% fewer than the previous month, 15% fewer than the previous September and almost 24% fewer year-to-date than the same period one year ago.

So, instead of vacant “haunted” houses in our neighborhoods, we now have sought aft er “hunted” houses across our region. And that boils down to one very important thing: bett er opportunities for Trick-or-Treating! Eeeeek!

by michael podoyakEmpire Title—

www.etcos.com

At Empire Title, our clients are always cared for with the highest degree of attention, knowledge,

professionalism and respect.

Anything less leaves us all looking bad.

Really, “Autumn” you be thinking about sending your next transaction to

Empire Title?!

Empire Title of Colorado Springs 5755 Mark Dabling Blvd., Ste. 110

Colorado Springs, CO 80919 Phone: (719) 884-5300 Fax: (719) 884-5304

Empire Title of Woodland Park 350 N. Pine St. Woodland Park, CO 80863 P.O. Box 9004, Woodland Park, CO 80866

Phone: (719) 686-9888 Fax: (719) 686-8208

Customer Service is our specialty because...

“We Don’t Succeed Unless You Do!”

Brenda Duzenack Customer Service Supervisor

Tracey Galambos Customer Service Specialist

Stephanie Santistevan Customer Service

Specialist

Terrence Honrud Customer Service

Specialist

Active Listings Previous 12 Month Average

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See more on facebook!facebook.com/csrej

Page 15: CSREJ - October

October 26, 2015 Colorado Springs Real Estate Journal www.csrej.com 15

Around the Corner

Wednesday, September 302015 Annual Job Fair9:30am-3:30pm @ Hotel Eleganté[email protected] 719-884-5300

Tuesday, November 3Election Day

TRID Update: A Month in Review11:30am-1pm @ North American Title (Chapel Hills) 598-5355 or [email protected]

Wednesday, November 4TILA/RESPA Integrated Disclosure9am-11am @ Empire [email protected] 719-884-5300

REALTOR SAFETY2pm-4pm @ Empire [email protected] 719-884-5300

Thursday, November 5B.L.E.E.P. (Black Forest & Eastern Marketing Group)8:30am-10am @ The Grill at Latigo Trail Equestrian Center. Roxene, 495-6213

Annual Commission Update9am-1pm @ Empire [email protected] 719-884-5300

Wednesday, November 11TILA/RESPA Integrated Disclosure9am-11am @ Empire [email protected] 719-884-5300

2016 New Real Estate Contract 1pm-5pm @ Empire Title Woodland [email protected] 719-686-9888

Thursday, November 12Farm and Land8:30am @ The Egg and I - Chapel HillsCharlie Triplett: 719-896-1777

Women’s Council of Realtors11am-1pm @ Hotel ElegantéMichele: [email protected]

YPN (Young Professionals Network of REALTORS)3pm-4pm meeting @ PPAR (board room)4pm-6pm social @ Red Martini (downtown)Michele VanMetre: [email protected]

2016 New Real Estate Contract9am-1pm @ Empire [email protected] 719-884-5300

Banning Lewis Ranch Fall Realtor Rally4pm-6pm @ Banning Lewis Ranch [email protected]

Tuesday, November 17NARPM Luncheon11am-1pm @ Hotel Eleganté[email protected] 719-359-9491

Wednesday, November 18TILA/RESPA Integrated Disclosure2pm-4pm @ Empire Title Woodland [email protected] 719-686-9888

CREC Annual Commission Update11:30am-1pm @ North American Title (Cascade Ave) 578-4100 or [email protected]

Thursday, November 19The Role of Hazard & Flood Insurance in a Home Purchase 9am-12pm @ Empire [email protected] 719-884-5300

eContracts - Beginners2pm-4pm @ Empire [email protected] 719-884-5300

Friday, November 20Independent Brokers Forum9am-10:30am @ PPARMichele: [email protected]

sendevent

us yourinfo

[email protected]

Events subject to change. Due to space, please check with event/class holders early for more detailed information on cost, CE credits, sponsors and registration dates.

ADVERTISING RATESAND DEADLINES

Full ..............10" x 15.75"2/3 .............. 7.5" x 12.5"1/2 (V) .....4.875" x 15.75" 1/2 (H) ........... 10" x 7.5"1/3 .............6.625" x 8.5"1/3 (V) ...... 3.15" x 15.75"1/4 (V) ........4.875" x 7.5" 1/4 (H) .......... 10" x 3.75"1/8 ........... 4.875" x 3.75"1/8 (H) .......... 10" x 1.75"

AD SIZE (Width x Height)

6 Issue Agreement 12 Issue Agreement

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ADVERTISING RATES (Billed Per Month) 2015 AD DEADLINES SuBmISSIONREQuIREmENTSPlease submit all ads in PDF Format.All artwork must be in CMYK or Grayscale. Any spot colors will be converted to CMYK.

Please email artwork to:[email protected]

If your ad is larger than 25mb try using:•Dropbox.com•Google Drive•Microsoft Skydrive

Deadline Distribution

Jan 15, 2015 Jan 26, 2015

Feb 12, 2015 Feb 23, 2015

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Deadlines will be strictly enforced. If a deadline is missed your last submitted ad will be ran. If a deadline falls on a holiday, it is your responsibility to get the ad to us on the day of or before. CSREJ is not responsible for poor printing due to a low-quality ad. Any areas of concern will be addressed with you before the ad goes to print. A design fee of $50/hr will be assessed on your monthly invoice if we need to make excessive changes.

FULL2/3

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eBlast!Not only does CSREJ offer great marketing tools in print, we also offer a great service known as eBlast! Announce your current deals, inventory, special event or anything via email using eBlast! Turnaround in as little as an hour.

Database: CSREJ currently has com-piled a database of over 1,000 email address of real estate professionals within the Colorado Springs Region. To add yourself to the list, please visit www.csrej.com/contact.html

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Office:719.439.0773Fax:719.358.6657|WWW.CSREJ.COM

Colorado Springs Real Estate Journal has a new mailing address:4655 Fencer Road, Colorado Springs, CO 80911

YOUR LINK TO THE NEW STANDARD IN REAL ESTATE

[email protected] 719-439-0773

Mesa Ridge- 7764 Pinfeather Drive

R1 - Elevation A

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$329,900 Two-story Home, 4 Bedrooms, 3 Bath, 3 Car Attached Garage, 3 Bedrooms + Den, 2 1/2 Bath, 2 Car Attached Garage1,050 sq. ft. Main Level, 1,282 sq. ft. Upper Level, 2,332 Total Square Feet. Available Now!MLS # 7608334 Immediate Move-In

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Page 16: CSREJ - October

719-495-5996 • vantagehomescolorado.com4413 Portillo Place • Coloroado Springs, CO 80924

ou know those clients who can’t quite get there? Who’ve never embraced the notion of being a

“home body” and who somehow equate “settling in” with being “tied down?”

Well, guess what?

Estancia at Cordera is ready to win them over.

The young couple who spends their weekends in the mountains? Those empty nesters who �y o� to visit the grandkids every holiday? Your busy business exec who wonders if it might make more sense just to live in an extended stay hotel until he retires? We’ve got an eye-catching villa-style home to �t each of them.

Estancia at Cordera. It makes sense to people on the go, because it’s all about easy. Easy living at its simplest, �nest, and most a�ordable.

Got hard-to-please homebuyers? Prospects you can’t seem to pin down? Bring them to Estancia.

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