Good news keeps coming for real estate
For years, through good and not-so-good times, I’ve provided an eNewsletter twice a month for a mailing list of clients, friends and others. Business Journal readers should recall one of those letters appearing here a few months back, describing how well the local market had performed in February. The next eNewsletter wasn’t scheduled until next [...]
Local real estate brokerages are hiring. ERA Shields has hired more than 20 real estate agents and support staff members in the past year. RE/MAX Properties has added 16 since January. Prudential Rocky Mountain Realtors has bumped its staff from seven agents to nine. Some of the hires are seasoned real estate professionals simply moving [...]
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Local real estate agents are preparing for National Open House weekend April 19-20. Agents all over town participate in the event, which is supported by the Pikes Peak Association of Realtors, every year. Houses listed for sale open up to the public and people have a chance to walk through without making an appointment. The [...]
Continue reading …On the rise: Homebuilders and developers see major spike in sales activity
April 12, 2013 Comments Off
The numbers tell the story of a sudden boom in business for area homebuilders and developers. And most are optimistic the growth will continue. There were 680 new single-family building permits issued in the first quarter of 2013 in El Paso County, almost 40 percent more than in the first quarter of 2012 and the [...]
Continue reading …(Published 2:40 p.m., April 4) AspenPointe Enterprises looks to expand its job training programs and consolidate its warehouse space with the purchase of a new 27,200-square-foot industrial building southeast of Circle Drive and Interstate 25. The facility, which sits on 2.58 acres, provides the business arm of nonprofit AspenPointe with a valuable space, said Jonathan [...]
Continue reading …Colorado Springs home prices increased 6.8 percent year-over-year in February, including distressed sales. CoreLogic, a real estate analyses firm released its price index for Colorado Springs and the country today. While a 6.8 percent increase in the Colorado Springs home price index is significant, prices aren’t rising as dramatically in Colorado Springs as they are [...]
Continue reading …The amount of shadow inventory in Colorado dropped 26 percent in the 12 months that ended in January, according to a CoreLogic report released today. The drop was one of the largest declines in shadow inventory in the country and represents a national trend. Shadow inventory includes all delinquent mortgages, those in foreclosure and those [...]
Continue reading …Statewide foreclosure filings have fallen to their lowest levels since the Colorado Division of Housing started collecting foreclosure data n 2007. New filings in metro counties fell 43.6 percent year over year in February, according to a report from the Division of Housing. And foreclosure sales at auction fell 41.9 percent. The improvement in the [...]
Continue reading …Wow. Despite the weather, February was another great month for the Colorado Springs housing market. There are positive numbers all across the board. Local residential real estate prices have now increased for 12 straight months on a year-over-year basis, indicating a greatly increased consumer confidence in home buying. To illustrate that, here are some highlights [...]
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Colorado Springs School District 11 and its neighborhoods have problems with a declining population. Student enrollment is dropping, property values are low and retail centers have high vacancy rates. The area, which covers the geographic center of the city, is ripe for revitalization, and some believe it’s on the verge of happening. Others, though, believe [...]
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