November Colorado Springs home sales were up 19.2%, the 5th consecutive month of double digit increases over 2010. Is the housing recession over? Maybe. Interest rates under 4% are sure helping sales, and any major changes in that department could derail things, but so far, so good. Recent Colorado Springs employment news has been strong, [...]
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Last week I attended the annual Leadership Prayer Breakfast at the Antlers Hilton hotel in downtown Colorado Springs. It was pretty cool to see such huge room full of people representing so many different perspectives, from real estate agents like myself to police, fire, active duty military, political leaders, presidents of local companies, etc. [...] There has been a lot of press these days about how new home construction needs to increase in Colorado Springs. While I personally agree, the reality is that people will start buying new homes more frequently when they no longer can find enough selection of existing homes. For that to happen, more people are going [...] Home sales in Colorado Springs dropped again in October by 18.4% from October of 2009. October’s drop was the smallest year to year decline since July. Year to date, sales were down 4.4% through October. Colorado Springs home prices on the other hand, increased 12.6% on average, the median (1/2 above, 1/2 below) was up [...] The Banning Lewis Ranch, the largest development in the history of Colorado Springs, filed for Chapter 11 bankruptcy yesterday (10/28/10) according to the Colorado Springs Gazette. Chapter 11 is a reorganization, not a liquidation, and it is all of our hope that the company can work out the details in a way that keeps at [...] I showed a house in Colorado Springs to some clients yesterday that was priced at the same level it was sold for, brand new, in 2002. Coupled with interest rates quotes that started at 3% for a 5 year conventional ARM, it struck me how much of a bargain homes are right now. In 2002, [...] I don’t often promote my own listings in this way, but I have a couple of outstanding values that have come along that I thought I should share. The first is a listing in Monument that we JUST reduced the price on, to $259,900. This home has outstanding views of Pikes Peak and the Ramparts [...] Most people familiar with Teller County wouldn’t really think of it as a suburb. It is really pretty rural, but the fact is that most of Teller County lives in the shadow of Colorado Springs economically, and as part of our Multiple Listing Service (MLS) area, deserves some coverage of its own from time to time. [...] June Colorado Springs home sales were up 4.7%, compared with June of 2009. This was undoubtedly affected by deadline of the Home Buyers Tax Credit, with June 30 being the last day to close to still be eligible (before the last minute extension of the closing deadline passed by both the house and the senate). [...] |
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