Category: Economic
How Low Inventory in Colorado Springs May Impact the Housing Market This Fall
Real estate continues to be called the ‘bright spot’ in the current economy, but there’s one thing that may hold the housing market back from achieving its full potential this year: the lack of homes for sale in Colorado Springs. Buyers are actively searching for and purchasing homes, looking to capitalize on today’s historically low... 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
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
#1 Financial Benefit of Homeownership: Family Wealth
While growing up, we were taught by our parents and grandparents that owning a home is a financially savvy move. They explained how a mortgage is like a “forced savings plan.” When you pay rent, that money is lost forever. When you make a mortgage payment, much of that money accumulates as equity in the... Read More
Colorado Springs Real Estate Investing
Venterra Real Estate agents are talking with a lot of seasoned and beginner real estate investors and they’re all asking the same question. Is this the top of the real estate market? Are prices about to head lower? With the world in a pandemic with COVID-19, the uncertainty of what the Colorado Springs real estate... Read More
Why Home Equity Is a Bright Spark in the Colorado Springs Housing Market
Given how we have seen more unemployment claims than ever before over the past several weeks, fear is spreading widely. Some good news, however, shows that more than 4 million initial unemployment filers have likely already found a new job, especially as industries such as health care, food and grocery stores, retail, delivery, and more increase... Read More
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