Tag: report
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Colorado Springs-area home sales sputter in June despite listings that reach nine-year high
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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 apartment rents slumped again in the first quarter, new report shows
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Colorado Springs apartment rents fell again in the first quarter and the area’s vacancy rate remained high, more signs that the local multifamily market is overbuilt, a new report suggests. And, expect those trends of softer rents and higher vacancies to continue unless the pace of absorption, or apartment occupancy, ramps up significantly, one of…
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Downtown Colorado Springs bucks regional and national trends, is thriving after COVID-19, report says
Facebook Twitter WhatsApp SMS Email Print Copy article link Save Downtown Colorado Springs is bucking some regional and national trends — in a good way, according to the Downtown Partnership advocacy group. Unlike some cities that have struggled to bring back employees to their downtowns after the onset of the COVID-19 pandemic four years ago,…
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Colorado Springs sales tax collections jump, continuing string of ups and downs
Facebook Twitter WhatsApp SMS Email Print Copy article link Save Colorado Springs’ sales tax collections, which have ridden a roller coaster over the past few months, were on the upswing to start 2024, according to a report released this week by the city’s Finance Department. Revenues from the city tax on TVs, appliances, cars and…
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Colorado Springs sales tax revenues see big boost in December, but remain flat for the year
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Colorado Springs sales tax receipts last month saw their biggest percentage increase in more than a year, buoyed by healthy consumer and business spending on motor vehicles and building materials, among other key retail categories. A city government Finance Department report released Wednesday showed the Springs collected nearly $19.2 million in December from the sales…