Category: Moving to Colorado Springs
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
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
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
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
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
How Technology is Helping Colorado Springs Buyers Navigate the Home Search Process
Some Highlights: A recent realtor.com survey revealed that buyers are still considering moving forward with the homebuying process, even if they can’t see the home in-person. While they still prefer to physically see a home, virtual home tours and accurate listing information top the list of tech specs buyers find most helpful in today’s process.... Read More
Colorado Springs Homebuyers Want Lower Prices. Sellers Disagree.
The uncertainty the world faces today due to the COVID-19 pandemic is causing so many things to change. The way we interact, the way we do business, even the way we buy and sell real estate is changing. This is a moment in time that’s even sparking some Colorado Springs buyers to search for a better... Read More