Your 2023 Property Taxes May Go Up Significantly If your property taxes are escrowed as part of your monthly mortgage payment, you may be seeing a large increase to your monthly payment in the next couple of months. El Paso…
The Federal Housing Finance Agency (www.fhfa.org) collects information on home purchases within Metropolitan Statistical Areas (MSA) to track the change in home values over time. In 2021, Colorado Springs ranked #36 out of the top 100 MSAs for increase in…
As we head into the year 2021, the Colorado Springs real estate market has been unlike anything we’ve seen before. The total number of available listings is by far the lowest on record.Meanwhile the total number of sales per month…
Have you been considering refinancing? It seems like everyone is talking about record low interest rates right now. For many homeowners, refinancing can not only lower your monthly payments and help with your monthly budget, but it can save you…
It's a fairly common question. This post is to answer that curiosity. I'll tell you emphatically that most things are more important to me than my stats: The quality of your buying and selling experience. Your profit if you are…
Are you fascinated by the real estate world? Thinking about purchasing your first or next home? Wondering what exactly it means for you when someone says “It’s a buyers market” or “It’s a sellers market”? Let’s talk about buyers markets and sellers markets, and how they affect you.
In general if it’s a sellers market,
Want to predict the market? Denver tends to lead Colorado Springs’ real estate market by about 14 months. For the best gauge of what’s next for Colorado Springs, look to the big city to the North.
So what does our future hold?
Home listings in the Pikes Peak region are at a 10 year low! Colorado Springs home are now selling at a brisk 2005 pace! Know what that means? Ideal time to sell a property! Sales prices now average at 2006…
Here in Colorado Springs, we've seen another year of moderate price increases on the order of 5% over this time last year. Residential sales volume is greatly improved so far this year by 22% over last year. The number of…
The number of listings increased last month slightly, while the number of sales decreased slightly. While the summer was a strong seller's market in many price ranges in Colorado Springs, we're experiencing a slight slowdown in sales at the moment.…
