Tag: homes
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‘Housing mismatch’ improving in Colorado Springs, but residents losing purchasing power: Report
Residents in Colorado Springs and El Paso County are losing purchasing power as average rental housing and home prices over the last decade have increased more than two to three times that of average incomes. At the same time, a “housing mismatch” between the types of homes being built in the area and the homes…
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Two longtime Re/Max companies join forces in Colorado Springs
Re/Max Advantage and Re/Max Properties, who’ve been rivals for years in Colorado Springs’ residential real estate market, have joined forces. The companies announced their merger this week, which their leaders say will create one of the area’s largest residential brokerages and whose combined 240 agents will have new opportunities to improve service for home buyers…
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The nation’s hottest housing market in 2025? It’s Colorado Springs, new forecast says
Colorado Springs ranks as the nation’s No. 1 housing market for 2025, thanks to hefty increases in home sales and prices, according to an annual forecast released Tuesday for the nation’s 100 largest metro areas by Realtor.com, the California-based online real estate service. The Springs’ top spot results from a 27.1% expected jump in the number of home…
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Housing inventory climbs, but Colorado Springs-area home sales remain soft
The number of Colorado Springs-area homes listed for sale last month reached a nine-year high, though a larger inventory of properties from which to choose didn’t necessarily translate to more sales as prices and mortgage rates remained high for some buyers. A new Pikes Peak Association of Realtors market trends report showed home listings totaled…
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Colorado Springs home construction jumps in May as buyers shake off high mortgage rates
Colorado Springs-area homebuilding and prices on the resale side of the local housing market both jumped in May — trends that indicate, in part, that some on-the-fence buyers no longer are waiting for mortgage rates to fall and are taking the plunge on a home. Permits pulled for the construction of single-family, detached homes totaled…
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Colorado Springs home sales and new construction rebound in February
Colorado Springs-area home sales rose in February for the first time in nearly two years, while the pace of home construction also jumped last month — encouraging signs for the local housing market that’s been battered by higher mortgage rates. The Pikes Peak Association of Realtors’ latest market trends report shows home sales totaled 792…
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Colorado Springs’ housing market slogs through tough 2023; optimism grows for 2024 rebound
Year-end numbers underscore what many homebuilders and real estate agents already knew: 2023 was a tough year for the Colorado Springs-area housing market. “We expected a downturn in 2023, but the downturn was quite a bit more than we anticipated,” said Ed Gonzalez, executive vice president of Campbell Homes, one of the Springs’ oldest locally…
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Colorado Springs builders tout new, urban-style homes as more affordable alternative
Facebook Twitter WhatsApp SMS Email Print Copy article link Save There’s no place like home. But finding an affordable place to live these days remains one of the biggest challenges faced by Colorado Springs buyers. Prices for local resale homes, which climbed to $450,000 in June, have set record highs each of the last five…