Category Archives: Colorado Springs

Average rates for 30-year and 15-year fixed mortgages fell to fresh lows this week. Cheap mortgage rates have made home-buying and refinancing more affordable than ever for those who can qualify.

U.S. mortgage applications rose 4.7% last week

The average number of mortgage applications grew 4.7% on a seasonally adjusted basis as interest rates fell from the prior week.  On an unadjusted basis, the market composite index grew 7% from the previous week.  Interest rates have dropped the … Continue reading

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Colorado Springs apartment rents hit record high in second quarter

While several new apartment projects have been announced by developers over the last couple of years, the number of units completed and available for rent has yet to significantly increase the overall supply.  Around Colorado Springs, second-quarter rents were highest … Continue reading

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Colorado Springs’ housing market continues to improve

The improving Colorado Springs-area housing market showed no signs of slowing last month, as home sales soared and prices jumped to their highest levels in six years. Local single-family home sales totaled 1,104 in June, a 30.5 percent increase over … Continue reading

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Colorado Springs home prices, sales take off again

In the Colorado Springs area, home sales totaled 932 in April – a nearly 19% increase over the same month last year.  Sales have increased in 20 out of the last 22 months.  Through the first four months of the … Continue reading

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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 … Continue reading

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MDEDC releases annual competitiveness report for Colorado

The report lists Colorado’s strengths as follows: 8th highest for its economic outlook. Among the top-10 states for employment growth Continues to post strong population growth, ranking as the 4th-fastest growing state in 2011. Top-10 rankings for fourth-grade and eighth-grade … Continue reading

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Local home prices, sales up in September

After several months of increased home prices and sales, the evidence is mounting that a gradual recovery is under way in the Pikes Peak region’s resale market. The median price of single-family homes sold in September rose to $194,000 – … Continue reading

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States with the strongest housing markets

Colorado made the list at #5 with a 1 year home-price change of +7.3% and a median home price of $240,000. The Colorado housing market was not badly damaged when the housing bubble broke. Home prices dropped 9.5% from the … Continue reading

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Local home sales show continued strength

Colorado Springs’ re-sale housing market continued on the upswing last month, as single-family home prices and sales rose again and the supply of homes for sale remained in check. The median price of homes sold in August jumped to $210,500 … Continue reading

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Springs home prices up 6.6% in July from a year ago

While Colorado Springs is not part of the Standard & Poors/Case-Shiller home price index, figures from the PPAR show area home prices on the rise. In July, the median price of homes sold climbed to $212,000 – a 6.6% increase … Continue reading

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