Homebuilder David Sinkey looked into his crystal ball about 30 months ago and a disturbing vision appeared. "One of the trends we saw: There won't be any new-build homes that are affordable in the future," recalled Sinkey, a principal at Louisville-based Boulder Creek Neighborhoods. The housing downturn had culled the skilled workforce needed to build homes, creating severe labor shortages and pushing up costs. Just as worrisome, finished lots that once were in oversupply were quickly being absorbed with no easy prospects to replenish them. What Sinkey didn't fully anticipate was the strong in-migration that would boost demand in the face of constricted supply and turn metro Denver into one of the tightest housing markets in the nation. John Burns Real Estate Consulting, which tracks housing markets across the country, provides the following proof of Sinkey's theory...
Increased single-family home sales and rising prices last month capped off the best performance for the Colorado Springs-area re-sale market in five years, a Pikes Peak Association of Realtors report shows.
More people bought previously occupied homes in January. But the increase was driven by rising foreclosures and all-cash purchases by investors, while the number of first-time buyers shrank. Prices sank to their lowest levels in nearly nine years, a troubling sign for the struggling housing sector.
COLORADO SPRINGS — Colorado Springs City Council Tuesday approved condemnation on 13 Pueblo West properties along the route of the Southern Delivery System, despite objections from several of the property owners. The property owners maintained they were not treated fairly, and that Colorado Springs Utilities failed to negotiate its offers. One said he signed an agreement Monday only after being strong-armed into the deal, and that he is still upset that his concerns about land value were not addressed at all. Council voted 7-1 to proceed with eminent domain, believing Utilities staff has exhausted all other avenues to solve the problem. Even at that, Mayor Lionel Rivera questioned Project Director John Fredell after it was revealed that Colorado Springs could spend up to $5,000 to help settle disputes of easement payments as low as $1,550.
EAGLE COUNTY, Colorado — Eagle County's remains home to more than 50,000 souls, according to Census Bureau reports released Wednesday, despite anecdotes that the county hemorrhaging population. The 2010 Census puts Eagle County's population at 52,197, up 25 percent from 41,659 in 2000. Of those, 30 percent are Hispanic or Latino, 15,689. Interestingly, almost exactly half of Eagle County's school children are Hispanic or Latino, according to school district statistics.
Have only plastic in your wallet but need a marriage license or plates for your car? If you’re willing to cough up a little more money, you’ll soon be able to use a credit or debit card to pay for these and other services of the El Paso County Clerk and Recorder.
For the fourth consecutive month, builder confidence in the market for new, single-family homes remained unchanged at 16 in February, according to this month’s National Association of Home Builders/Wells Fargo Housing Market Index. The index is based on a monthly survey that NAHB has been conducting for more than 20 years. It serves to gauge builder
A new Texas-based taco franchise is breaking into the Colorado market in Fort Collins with inexpensive tacos and beers. Fuzzy's Taco Shop is opening its first Colorado location at 1335 W. Elizabeth St. in Westpark, west of the CSU campus in June. Marc Rogers, Colorado franchise owner, said he looked at Colorado Springs, Boulder and Fort Collins to launch the inaugural Fuzzy's.
This is a brief overview of all single family/patio homes for the buyer, investor and/or seller who wish to participate in the Colorado Springs Real Estate market. When comparing the new listing and sales data from January 2010 to January 2011, here are some very positives numbers to consider, given the ongoing geo-political events, such as the Egyptian protests about radicalism, around the world:
The Institute for Real Estate Management Economic Forecast breakfast was held yesterday in Colorado Springs. Several speakers addressed the real estate market in Colorado Springs and overall economic conditions.