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CNN: Bet on Colorado Springs housing recovery for 2012

Wed, Feb 9, 2011

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Colorado Springs ranked eighth in the country for largest projected housing price gains in 2012, according to this CNN report.

But don’t get too giddy – the forecast calls for a paltry 2.9-percent gain in prices by September of next year.

The stabalizing affect of government jobs associated with the Air Force Academy and military, population growth in the last decade that was almost twice the national average, and home affordability (the median home price is $220,000) were all cited as positive forces that will drive the recovery.

Home prices in Colorado Springs will remain flat in 2011, according to the report.

Here’s the top ten list:

1) Tacoma, Wash.
Forecast Gain by 9/2012: 11.8-percent

2) Palm Bay, Fla.
Forecast Gain by 9/2012: 9.4-percent

3) Memphis, Tenn.
Forecast Gain by 9/2012: 7.5-percent

4) Rochester, N.Y.
Forecast Gain by 9/2012: 5.3-percent

5) Pittsburgh, Penn.
Forecast Gain by 9/2012: 4.6-percent

6) Seattle, Wash.
Forecast Gain by 9/2012: 3.7-percent

7) Tucson, Ariz.
Forecast Gain by 9/2012: 3.4-percent

8) Colorado Springs, Colo.
Forecast Gain by 9/2012: 2.9-percent

9) Charlotte, N.C.
Forecast Gain by 9/2012: 2.5-percent

10) New Haven, Conn.
Forecast Gain by 9/2012: 2.5-percent

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