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Archive | April, 2011

Apartment vacancies drop to lowest levels in a decade

21. April 2011

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It’s getting harder to find an apartment in Colorado Springs. Vacancy rates for the metro area fell to 5.8 percent during the first quarter, the lowest since 2001, and a 15.7 percent drop from the same time period in 2010. More people moved into apartments in the first quarter of 2011 than in the last […]

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Processing delays fuel 18 percent drop in Springs foreclosures for Q1

14. April 2011

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There were 1,652 foreclosures in Colorado Springs in the first quarter of 2011, according to a report released today by RealtyTrac. That’s a drop of nearly 18 percent year over year, and a drop of 16.7 percent from the fourth quarter of 2010. Colorado Springs ranked as the 49th worst out of the 211 metro areas tracked by the […]

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Pikes Peak Association of Realtors: Homes sales jump 7.3 percent

5. April 2011

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There were 776 single family home sales in March, a 7.3 percent year-over-year increase, according to a report released by the Pikes Peak Association of Realtors yesterday. This is even more impressive considering the 2010 numbers were bolstered by the federal government’s income tax credit for first-time buyers. Still, not all areas of the report were sunny. Home […]

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Summit Economics: Home construction follows job growth in the Springs

4. April 2011

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A recent report by Summit Economics details the long-term synergies between job growth and new home construction in Colorado Springs. According to the report, which was commissioned by the Colorado Springs Regional Economic Development Corp., there is “an identifiable relationship between primary job creation and housing construction. Primary job creation has a positive impact on […]

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