The Cost of a Home Is Far More Important than the Price
Housing inventory is at an all-time low. There are 39% fewer homes for sale today than at this time last year, and buyer demand continues to set records. Zillow recently reported: “Newly pending sales are up 25.5% compared to the same week last year, the highest year-over-year increase in the weekly Zillow database.” In the Colorado Springs housing market, we... Read More
Colorado Springs August 2020 Housing Market Update
The housing market in Colorado Springs is stronger than ever. In August the average sales price increased by 1.7% from last month (July 2020). Comparing the average sales price in August 2019 to August 2020 the average sales price is up 17.3%. Listing inventory came down a bit to 0.6 months of active inventory. Comparing... Read More
Will We See a Surge of Homebuyers Moving To Colorado Springs?
As remote work continues on for many businesses and Americans weigh the risks of being in densely populated areas, will more people start to move out of bigger cities? Spending extra time at home and dreaming of more indoor and outdoor space is certainly sparking some interest among homebuyers. Early data shows an initial trend... Read More
Colorado Springs – Renting vs Buying
The percentage of income needed to afford a median-priced home today is declining, while that for renting is on the rise. This is making buying a home an increasingly attractive option for many people, especially with low mortgage rates driving purchasing power. Connect with a Venterra Real Estate agent today if you’d like expert guidance on exploring your homebuying... Read More
Colorado Springs July Market Update
Thinking of Selling you Colorado Springs home? Get a free home valuation today CLICK HERE More Resources Home Buying: Do You Know The Lingo? 3 Things to look for when buying a home in Colorado Springs Is Now A Good Time To Refinance My Home What You Can Do To Keep Your Dream Of Homeownership Moving... Read More
Colorado Springs – Sellers Are Returning to the Housing Market
In today’s housing market, it can be a big challenge for buyers to find homes to purchase, as the number of houses for sale is far below the current demand. Now, however, we’re seeing sellers slowly starting to come back into the market, a bright spark for potential buyers. Javier Vivas, Director of Economic Research at realtor.com, explains: “Seller confidence has... Read More
Why Is It so Important to Be Pre-Approved in the Homebuying Process?
You may have heard that pre-approval is a great first step in the homebuying process. But why is it so important? When looking for a home, the temptation to fall in love with a house that’s outside your budget is very real. So, before you start shopping around, it’s helpful to know your price range, what you’re... Read More
Buyers: Are You Ready for a Bidding War in Colorado Springs?
With businesses reopening throughout the country and some experts indicating early signs of a much-anticipated economic recovery, more homebuyers are actively entering the Colorado Springs housing market this summer. Today, housing is truly driving the U.S. economy forward. With so many buyers looking for homes to purchase and so few houses for sale right now, there’s... Read More
Colorado Springs Home Prices: It’s All About Supply and Demand
As we enter the summer months and work through the challenges associated with the current health crisis, many are wondering what impact the economic slowdown will have on Colorado Springs home prices. Looking at the big picture, supply and demand will give us the clearest idea of what’s to come. Making our way through the... Read More
Want to Make a Move? Colorado Springs homeowner Equity is Growing Year-Over-Year
One of the bright spots of the 2020 real estate market is the growth in equity homeowners in Colorado Springs are experiencing. According to the recently released Homeowner Equity Insights Report from CoreLogic, in nearly every state there was a year-over-year first-quarter equity increase, averaging out to a 6.5% overall gain. The report notes: “CoreLogic analysis shows... Read More