California-based property information company CoreLogic reported Tuesday that home prices increased nationally by 8.8 percent in May since the same time last year. Colorado Springs also saw an year-over-year increase of 5.2 percent in May, according the company’s May CoreLogic Home Price Index report. That rate also increased from April 2014 by 1.7 percent. As […]
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The Associated General Contractors of America released some ugly numbers recently. The group pegged the unemployment rate for the construction industry at 17.3 percent, almost twice that of the overall economy. According to the AGC, rising commodity prices, declining demand and flat prices for finished products are some of the factors that continue to weigh […]
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There’s a glimmer of good news on the home sales front: the high-end market is picking up. Between Jan. 1 and June 30, 14 homes priced at $1 million and up have sold in El Paso County. That’s compared to 11 homes sold at that price or higher in the same period of 2009. In […]
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When Raj Nakka wanted to sell his Monument home, he contacted a Realtor. And when Monica Breckenridge with Pink Realty recommended a home stager, he was all for it. While he says he never would have thought of hiring someone to decorate his home to make it more attractive to buyers, he’s pleased with the […]
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Wow! There’s a lot going on out there – some of the latest real estate-related announcements originating from downtown all the way to Peterson Air Force Base. Hold on to your hats, folks, it’s going to be an interesting five years ahead…Lux says Southside Johnny’s opening at 528 S. Tejon The Colorado Springs Business Journal […]
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The Dow has dropped hundreds of points in recent weeks and local home construction is hurting, but Colorado Springs economist Fred Crowley says the residential building slowdown is nearing an end and a slow recovery will ensue. Crowley, an economist with the Southern Colorado Economic Forum at the University of Colorado at Colorado Springs, told […]
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The national news has a way of trickling down to local markets — and sometimes the news appears better closer to home. For example, while U.S. home sales grew by 11 percent, year over year, based on Commerce Department and Census Bureau data released this week, industry experts cited lower home prices for the improvement. […]
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While many homebuyers in Colorado aren’t aware that they might be eligible for a little-known federal loan from the U.S. Department of Agriculture, Woodland Park has quietly become a major beneficiary of the program.
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It must be the season for real estate companies to reallocate, relocate and revamp their line-ups and strategies. At least two companies made real estate history this month. Take ERA Shields Real Estate’s recent acquisition of Stuart Scott Ltd, for example. Bill Hurt began his career as a broker with Cres and Mary Shields during […]
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Partners in Housing has purchased the 14-unit Christy Lynn Apartments at 4335 N. Chestnut Street for $755,000. The sale represents the third in a series of affordable or homeless housing purchases by area nonprofit groups. Previous acquisitions included the Bentley Commons and Citadel Arms complexes which sold last year. The local nonprofit helps homeless and […]
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Here’s one of the standard Colorado Springs narratives: Once upon a time there was a beautiful, cultured city of 34,000 nestled beneath Pikes Peak. But sometime in the 1950s, hordes of short-fingered vulgarians descended upon the city, transforming it into a wilderness of tract houses, beige subdivisions and cookie-cutter shopping centers. There’s some truth in […]
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NavPoint Real Estate Group has sold the building at 2805 Dublin Boulevard in Colorado Springs. The property was sold at a 7 percent capitalization rate in mid-January to Balbach Street Properties LLC for more than $1.27 million. That amounts to $144.20 per square foot of the 8,824-square-foot building. It was on the market 30 days. […]
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