Low interest rates are certainly doing their part. Rates have been consistently in the low to mid 3′s. Low long term mortgage rates and increasing rent prices are making the decision to buy rather than rent MUCH more attractive right now.
For more details, please visit Colorado Springs Real Estate Market Conditions.
“Based on information from the Pikes Peak REALTOR Services Corp. (“RSC”), for the period 1/1/05 through 9/30/12 . RSC does not guarantee or is in any way responsible for its accuracy. Data maintained by RSC may not reflect all real estate activity in the market.” Copyright © 2012 REALTOR® Services Corp. Questions about this data analysis should be directed to Rick Van Wieren, RE/MAX Properties, Inc, 1740 Chapel Hills Dr, Colorado Springs, CO 80920 ph 719-331-7675 or email firstname.lastname@example.org