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January Colorado Springs Market Update

A lot of topics in the news this month. First, lets talk about our housing market.

2019 is off to a fast start. Home prices are still on the rise and homes under $350,000 are selling quickly. Buyers are already competing with other buyers and sellers are getting awarded greatly. NOW is the perfect time to list your home…

Foreclosures are at a 18 year low!

All four of the major foreclosure-focused data metrics—delinquencies, serious delinquencies, active foreclosures and total non-current inventory—closed out 2018 below the 2000-2005 pre-recession averages for the first time since the 2008 financial crisis. Black Knight noted the national foreclosure rate and active foreclosure inventory were below their respective long-term norms and, if the current rate of decline continues, both could decline to near-record lows by the end of this year. Foreclosure sales totaled 175,000 in 2018, their lowest level in more than 18 years.

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