Dear Folks,

Just a bit of housekeeping. I will be out the next couple of weeks as I am going to Cooperstown New York. My son is playing in the Hall of Fame National baseball tournament. It’s an exciting chance to play the same week as our own Goose Gossage is being inducted into the Baseball Hall of Fame. I expect to have a great time.

Real Estate here in Colorado Springs is doing fine. We have sold 88 homes year to date and are having a great year. Interest rates have risen in the last week to the 6 ½% range. I expect the trends to continue through the election.

Foreclosures will continue to dominate the news and the market. There have been over 3000 foreclosure filings in El Paso County. About 1000 of them are on the market as short sale or foreclosed properties.

Elections? Who are you voting for both locally and nationally? Will any of the candidates make a difference? Obama and McCain have good and bad points depending who you are and your situation. Neither of them are responsible for our economics. For that matter, neither is Bush. Our Congress is responsible. They are the ones that have the majority vote.

I hope you have a good rest of summer. School starts soon for all the Colorado Springs districts.

Take Care,
Brian