Category: Market Update
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
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 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
#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
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
Colorado Springs Housing Update for April 2020
It’s not a typical year for anyone in the US, but Colorado Springs real estate is still doing good. Average sales price in Colorado Springs increased by 1.3% up +$5,003.00 for April 2020. The real thing to think about is how many new listings (new available homes) are coming on to the Colorado Springs real... Read More
What Impact Might COVID-19 Have on Colorado Springs Home Values?
A big challenge facing the housing industry is determining what impact the current pandemic may have on Colorado Springs home values. Some buyers are hoping for major price reductions because the health crisis is straining the economy. The price of any item, however, is determined by supply and demand, which is how many items are available in... Read More
Why the Stock Market Correction Probably Won’t Impact Home Values
With the housing crash of 2006-2008 still visible in the rear-view mirror, many are concerned the current correction in the stock market is a sign that home values are also about to tumble. What’s taking place today, however, is nothing like what happened the last time. The S&P 500 did fall by over fifty percent... Read More
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