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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This morning’s Gazette had the cheery news that Colorado Springs unemployment has continued to rise, and was up to 8.5% in February. The amazing part of the story to me, was the part that talked about this as a good thing, because it was partially the result of more people re-entering the work force after [...] Colorado Springs has a budget problem. Yawn. So does about every city, state and county in the country. The Federal government is about the only entity out there than can just print or borrow money when they are short. For those living in Colorado Springs, there are also some other issues however. 1. Every government entity in [...] Single family home sales were up in January by 12.3% over a year ago at 464 units (preliminary data). Prices were also up, with the mean up 6.2% ($211,008) and the median (1/2 above, 1/2 below $178,250) up 3.0%. January of 2009, in fairness, was a terrible month. This January and last January, were in [...] Christmas is over, the guests are gone, and it’s time to get back to work for me after several days of feasting (ok, the leftovers may be here for a bit!). I may also get a day of skiing in yet, but my focus for this week will be on getting 2010 off to a [...] While housing is slowly recovering, the Fed recognizes this is a fragile economy, and has wisely chosen not to start jacking interest rates up. These sorts of things can be just symbolic, because the price of bonds is what usually drives mortgage rates, and they will still bounce up and down based on lots of [...] One of the ongoing local political struggles is something called the Southern Delivery System, an ambitious project to pipe water from the Arkansas River up to Colorado Springs. The city has the water rights, but the not the means to deliver it – yet. A backup route was approved yesterday by Fremont County that makes [...] Preliminary data on Colorado Springs real estate sales in November indicate unit sales for single family homes are down 25.2% from last year, and the average price of $215,470 was 14.5% below last November. These are not good numbers, but keep in mind that the election was pretty much on every one’s mind during the [...] #1 I need to correct a prior post on Colorado Springs cost of living items. Gas has dropped to $1.92 at the nearby local gas stations. I actually saw one station drop their prices 3 times in 24 hours this week! #2 Yesterday we had an extended briefing from John Tuccillo, former chief economist for [...] Colorado Springs woke up this morning to our first snow of the season. Not on the Peak, on the ground. A balmy 25 degrees out, the wind made it feel a LOT colder. This aspen in front of our house has lost 1/3 of it’s leaves, and they had not even turned color yet! [...] |
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