The competition for home sellers is pretty fierce in Colorado Springs. Sellers have to compete against bank owned and short sale properties in the same neighborhood that are selling for much less. Homes that are overpriced in Colorado Springs are not selling, especially if they are outdated. Many sellers receive feedback from showing agents stating […]
Home inventory decreased 7.6% for the month of October 2010 when compared to six months ago (May 2010). Compared to the previous month of September, there was a decrease of 7.7% in single family homes for sale. We are now in the slower season for real estate in Colorado Springs and can expect inventory levels […]
Homes sales increased by 4.6% in El Paso County for the month of October when compared to September. There were 142 fewer single family home sales in October 2010 when compared to October 2009 (18.4% decrease). There were 671 fewer single family homes for sale in October 2009 as well. Home sales typically decrease during […]
Many Colorado Springs Residents are not aware of the Good Neighbor Next Door Program offered through the Department of Housing and Urban Development (HUD). Buyers that qualify for the program include full-time teachers, firefighters, police officers, and EMTs. Buyers can choose from HUD homes (FHA insured foreclosures) in specific areas of Colorado Springs that are considered revitalization areas. Qualified […]
Buyers who intend to occupy a home as their principal residence, have an advantage over investors when it comes to purchasing a Fannie Mae or Freddie Mac foreclosure property. Investors still have to wait 15 days before submitting an offer, but these types of foreclosures may be a good option for investors if the property […]
Major banks including Bank of America, GMAC, and JP Morgan Chase are halting foreclosures to investigate if homes were properly foreclosed upon since issues have arisen from incorrect paperwork being filed and from concern regarding the entity actually foreclosing on many properties (MERS (Mortgage Electronic Registration Systems)). Bank of America is temporarily freezing foreclosures in 23 states. Investors who […]
Home inventory increased nearly 8% for the month of September 2010 when compared to six months ago (April 2010). Compared to the previous month of August, there was a slight decrease of 4.8% in single family homes for sale. We are now entering the slower season for real estate in Colorado Springs and can expect […]
The Housing & Building Association has awarded various builders that were featured in the 2010 Parade of Homes in Colorado Springs. There were a total of 23 homes in the Parade of Homes this year and 7 of them were custom built. Awards were given in various price ranges to specific homes/models of builders. […]
Homes sales decreased by 12.4% in El Paso County for the month of September when compared to August. There were 220 fewer single family home sales in September 2010 when compared to September 2009 (26.7% decrease). There were 721 fewer single family homes for sale in September 2009 as well. Home sales are typically decrease during this […]
Not only will you save money each year by using less energy and water but you can get rewarded for it through rebates from Colorado Springs Utilities and the Governors Energy Office. The rebates are available until funds run out. Any upgrades or installs prior to April 19, 2010 do not qualify. 1. High-efficiency clothes washer (up to […]