By: Rich Laden April 7, 2017 Area home sales climbed and prices hit another record high last month as Colorado Springs' hot housing market lived up to its recent ranking as the nation's seventh-best. Single-family home sales totaled 1,247 in March, 6.4 percent higher than the same month last year, according to a Pikes Peak Association of Realtors report. Sales had dipped in February, but otherwise have risen on a year-over-year basis each month since summer 2014.
by Cameron Moix April 13, 2017 All signs point toward a bullish housing market in Fountain. The city’s Economic Development Manager Kimberly Bailey said that Fountain is seeing its strongest speculative housing development in nearly 15 years — resulting from a historic regional demand for affordable residential real estate.
Colorado Springs-area foreclosure activity continued to decline during the first quarter, according to a report Monday from the El Paso County Public Trustee's Office. During the first three months of 2017, foreclosure notices sent to property owners in the Springs and El Paso County totaled 286. That's down by nearly one-third when compared with the same period last year, the Public Trustee's report showed.
In the rapidly growing and competitive housing market, companies nationwide are finding it necessary to innovate in order to entice potential homebuyers to purchase properties. Toward that end, Colorado Springs-based homebuilder Vantage Homes recently introduced a new method for viewing and touring its many model homes — without even setting foot outside. On March 1, the company rolled out the use of virtual reality technology that is beginning to become a mainstay among many of the country’s real estate firms, although Marketing Manager Crystal Johnston said Vantage is the first homebuilder in the region to offer this particular service to its clients.
By: Billie Stanton Anleu
March 14, 2017
The Colorado Springs City Council passed a new landslides ordinance Tuesday in a 9-0 vote - the exact opposite of the Planning Commission's unanimous vote rejecting the proposed law. The stunning victory came as sweet relief for Councilmen Don Knight and Tom Strand, who worked on the ordinance since May, meeting eight times with stakeholders ranging from the Colorado Geological Survey to the local Housing & Building Association, and from geotechnical engineers to developers and people living in landslide zones
By Lisa Gordon Mar 14, 2017
You’ve got a contract on your home for sale—congratulations! But before you pop the cork on the champagne, you’ve got to go through an ordeal that could make or break that sweet deal: a home inspection. The home inspection is a contingency written into most offers, meaning that if the buyers aren’t happy with the result, they can cancel the sale without losing their earnest money deposit, or reopen negotiations and ask for a price reduction.
By Mimi Foster Colorado Springs Real Estate News What BUYERS Need to Know When Looking for a Home
- Seeing more than 5 houses in a day will make them all a blur. Often people will want to “speed date” looking at homes. After 5, maybe 6 houses in a day, they all tend to run together and you won’t remember the details of each.
Both buyers and sellers alike are feeling very good about the housing market this spring, even as home values hit new highs and mortgage rates move up. A monthly sentiment index from Fannie Mae rose to the highest level since 2011, when the survey began, thanks to a surprising surge from millennials.
Colorado Springs' red-hot housing market is becoming its own worst enemy. Area home sales fell last month for the first time in about 2½ years - but not because of a softer market. Instead, too few homes are available to satisfy the demands of buyers, and sales dropped as a result, some local real estate experts say.