Pikes Peak region first quarter 2010 home sales statistics reflected an invigorated market. Pikes Peak Realtor Services Corp. reported that through March area the Pikes Peak region recorded 723 closed residential sales. That’s up almost 28 percent from the same month last year. At the same time, March sales prices trended upward. The median sales [...] [...]
Home sales statistics for the Pikes Peak region seem to be improving slightly and are impressing a number of national real estate industry researchers. In its online real estate feature story, “Best Cities for a Housing Recovery,” Forbes.com listed Colorado Springs No. 3 on its top 10 list of cities most likely to return from the downturn, based [...] [...]
Once again local home values profiled favorably when compared to Denver or to other states, at least based on results of the latest Standard & Poor’s/Case-Schiller Home Prices Index survey. Denver saw a 5.1 percent decline in home values from January 2008 to January 2009, but the single-digit result paled in comparison to the other [...] [...]
Imagine being manager of a homeowner association (HOA), a neighborhood association or an office complex. One day your biggest issue is a homeowner who paints his home an unapproved color. The next, it is a business partner who allows a friend to park his car (with a large “For Sale” sign in the window) in [...] [...]
CSBJ readers are probably aware that residential interest rates on thirty-year fixed rate conventional mortgages have dropped as low as 5 and 7/8 percent. Hard to believe, but thankfully true. Christine Meacham at Auer Mortgage says these low rates may be around for a few weeks. Some national financial analysts predict that the post-election climate [...] [...]
Once again, there’s a lot of news to report. From the two large Bethesda office building and Pace Plaza retail center sales reported last week to this week’s leases and transactions, there’s never a dull moment on the Colorado Springs real estate scene. Bill May of Classic Mortgage said last week that commercial mortgage rates [...] [...]
With almost a year of real estate columns behind me, I realize how much there is to report in this ever-changing, fast-paced field – and so many stories still to tell. Downtown re-development deserves a full column – as do many of the transactions the Colorado Springs Business Journal reports each week. In the days [...] [...]
Kevin Patterson, CEO of Prudential Professional Real Estate, laid out the challenges ahead for residential realtors on Wednesday, September 11 at the Tri-Lakes Marketing Forum held at the Gleneagle Country Club. The monthly event, organized by co-chairs, Kim Rossbach of McGinnis/GMAC Real Estate and Michael Podoyak of North Caent. Patterson’s remarks focused on the state [...] [...]
A national research firm says the top three home builders in the Colorado Springs/Denver market are Village Homes, Pulte Homes, and Engle Homes (in order based on customer satisfaction). Pulte Homes is prominent in the Colorado Springs market. Village Homes ranks highest in customer satisfaction in the Denver/Colorado Springs home-building market, according to the J.D. [...] [...]
Some folks thrive – even when faced with a roller-coaster economy. Take Warren and Christine Meacham, for example. As owners of Colorado Online Mortgage (formerly Auer Mortgage), Christine, a mortgage broker since the mid-1980s and Warren, a former commercial banker, have survived sky-high 11 to 14 percent home loan interest rates and skimpy realtor referrals [...] [...]