Tag: inventory
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Colorado Springs housing market positioned for better times in 2025, real estate expert says
Colorado Springs-area home sales that have slumped in 2024 largely because of higher mortgage rates could rebound next year under a new Trump administration as economic conditions improve, borrowing costs moderate and demand for housing increases, one longtime real estate agent predicts. “Some people are going to say, ‘well, maybe it’s time to think about…
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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-area home sales sputter despite listings that reach 9-year high
The supply of Colorado Springs-area homes for sale swelled to a nearly nine-year high last month, an increase possibly driven, in part, by investors who are dumping properties on the market because of tighter government regulations on the rental industry, one local housing official says. At the end of June, 2,974 single-family homes were for…
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Colorado Springs-area home sales sputter in June despite listings that reach nine-year high
The supply of Colorado Springs-area homes for sale swelled to a nearly nine-year high last month, an increase possibly driven, in part, by investors who are dumping properties on the market because of tighter government regulations on the rental industry, one local housing official says. At the end of June, 2,974 single-family homes were for…
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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 slump again in March, report shows
Colorado Springs-area home sales fell again last month as spiking mortgage rates continued to keep homes out of reach for some buyers. Sales totaled 941 in March, a 12.5% decline from the same month last year, a new Pikes Peak Association of Realtors market trends report shows. Except for a slight bump in February, year-over-year…
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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 home prices expected to remain stable in 2024 — but could apartment rents fall?
Facebook Twitter WhatsApp SMS Email Print Copy article link Save Colorado Springs’ single-family home and apartment markets appear headed in different directions, which could mean more frustrating news for buyers, but a better outlook for renters. Like last year, homebuyers in 2024 could continue to find a tight supply of properties for sale, while high…
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Colorado Springs home prices expected to remain stable in 2024 — but could apartment rents fall?
Colorado Springs’ single-family home and apartment markets appear headed in different directions, which could mean more frustrating news for buyers, but a better outlook for renters. Like last year, homebuyers in 2024 could continue to find a tight supply of properties for sale, while high prices of the past several years aren’t expected to come…
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Meet the new year, same as the old year; Colorado Springs home sales fall again in January
The new year looked a lot like the old year last month for the Colorado Springs-area housing market, as the pace of buying and selling slumped again and prices remained relatively stable. Even so, some local real estate agents are optimistic that the market is poised to rebound in 2024 as long-term mortgage rates decline.…