Blog
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
Think You Should For Sale By Owner in Colorado Springs? Think Again
Some Highlights For Sale By Owner (FSBO) is the process of selling real estate without the representation of a real estate broker or real estate agent. According to the National Association of Realtors’ Profile of Home Buyers & Sellers, 35% of homeowners who decided to FSBO last year did so to avoid paying a commission or fee. But, homes... 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
U.S. Homeownership Rate Rises to Highest Point in 8 Years
For nearly two months, most of us have been following strict stay-at-home orders from Colorado state and Colorado Springs governments. It is a whole new way of life that has put our daily lives on pause. On the other hand, many of us have also found a sense of comfort by slowing down and spending... 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
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