Home values are on the rise in the Springs

A federal agency’s report on single-family home prices is the latest sign that Colorado Springs values are on the rise. Area home prices rose 1% in the third quarter when compared with the same period a year ago, according to a report this week by the Federal Housing Finance Agency. The Federal Housing Finance Agency’s report on home prices uses a different measurement than other reports; it tracks prices of homes as they are sold, re-sold or refinanced. Some economists believe tracking same-home prices over time is a more accurate gauge of the health of a community’s housing market. PPAR figures show Colorado Springs-area home prices rose 7.2% in the third quarter when compared with the same period last year. FHFA is attempting to track home values, while PPAR tracks home prices. Read Article

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