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.
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.
Fed rate hike looming in this weeks Markets In A Minute...
The booming resale side of Colorado Springs' housing market is off to another record-setting start in 2017. The average price for a single-family home that sold in January climbed to a record high of $298,774, a 13.3 percent increase over the same month last year, the latest Pikes Peak Association of Realtors report shows. The previous record of $295,877 was set in August of last year.
Existing home sales hit a 10-year high in this week's Markets in a Minute!...
Many Front Range home shoppers can afford ground chuck, but are finding store shelves stocked with filet mignon, according to a study from Trulia. Each quarter, Trulia divides housing markets of 100 metro areas into three price tiers — starter, trade-up and premium — and then compares what people searched for online to the listings available for sale to determine a market’s “balance.”
In a recent article published by the Colorado Springs Business Journal, Cameron Moix predicts that the 2017 Colorado Springs real estate forecast is looking great. So if you’ve been thinking about buying Colorado Springs investment properties or Colorado Springs rental properties, this is your year.
Housing momentum in Colorado moves down the Front Range: The Colorado Springs housing market exploded last year
Metro Denver’s housing market has run so hot for so long, it is hard to imagine another part of the state having more momentum. But demand along the southern Front Range accelerated in a big way last year, and Denver and Boulder homeowners, flush with equity, sought vacation homes in the neighboring mountain counties, supporting those markets.
The Colorado Springs-based real estate firm Quantum Commercial Group expects 2016’s strong economic trends to continue during the new year — across both the commercial and residential markets. “We all believe that 2017 is staged for continued expansion and growth in both new and existing companies and employees for our city,” according to Quantum’s annual report, which cites population growth and a strong jobs market as two of the top predictors for the year ahead.