CoreLogic reported a 10 percent jump in shadow inventory of residential property. Shadow inventory is defined as critically delinquent properties that are yet to hit the market. According to the report, shadow inventory in August was at 2.1 million, up from 1.9 million last year. The visible supply of unsold inventory remained unchanged from a year earlier [...] [...]
Colorado Springs home prices, including distressed sales, increased by 2.73 percent in June 2010 compared to June 2009, according to the CoreLogic Home Price Index released today. The result is still less than CoreLogic’s May’s year-over-year HPI, which coincided with the expiration of the Home Buyer Tax Credit was 3.64 percent . Excluding distressed transactions, year-over-year HPI [...] [...]
So far the Pikes Peak region’s residential real estate prices are holding their own, but high-end neighborhoods have begun to reflect a broader downward trend. Overall home prices decreased 8.44 percent during March compared to a year ago, according to First American CoreLogic’s latest Home Price Index report. During February 2009, Colorado Springs registered a [...] [...]
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