The average cost of apartment rent in Colorado Springs continues to rise as more high-end units enter the market. “Part of this most recent increase really isn’t a rise in rents as much as the product that is coming online and being included are higher-end properties,” said Laura Nelson, the executive director of the Apartment […]
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The number of single women buying homes is on the rise both nationally and locally. “At least in the past year to year and a half, the majority of my clients have either been a couple buying a home or single women,” said Larissa Bottenfield, a broker associate for Re/Max Integrity. “I’ve had some single […]
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A recent change to a 30-year-old annexation agreement will help Colorado Springs attract new businesses. “I think the revised annexation agreement for Banning Lewis Ranch is one of the major milestones the community has gone through — just like with the Southern Delivery System that gave us water for the next 50 years,” said Bob […]
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As recently as a year ago, a developer who wanted to complete a project in El Paso County had to hand-carry an application composed of dozens of documents to the county Planning and Community Development Department. Now, using the department’s Electronic Development Application Review Program, developers, builders, commercial and industrial businesses, and other landowners can […]
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Living in or near the city ranked second best in the United States comes at a price. “Rents and home prices keep going up. So does the number of people moving into the region,” said Steve Posey, the Department of Housing and Urban Development director for Colorado Springs. “Even though there are a lot of […]
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A housing crash may be on the horizon. According to one area broker, foreclosures are hitting record low rates not seen since the early 2000s. But that may actually foreshadow the market’s next downfall. “Everybody is always boasting about foreclosures and defaults being down, but the truth is they normally hit their lowest point right […]
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Most landlords and property managers don’t have anything to worry about when it comes to the city of Colorado Springs’ proposed housing code changes. “If a property manager is doing what they are supposed to be doing, they shouldn’t have any issues with them,” said Laura Nelson, executive director for the Apartment Association of Southern […]
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Although the largest manufacturer of tiny homes in the United States, Tumbleweed Tiny House Company, is located in Colorado Springs, purchasers of these trendy housing alternatives have few places in the region to park them. Tumbleweed is riding a rising tide of tiny house popularity. The company has grown substantially since it moved all of […]
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A steadily growing population throughout the region has made the leasing part of apartment property managers’ jobs fairly easy the past several years. However, since the beginning of January, the demand for apartments appears to have slowed slightly, likely due to seasonality and new units coming online, said Carmen Azzopardi, senior vice president of multifamily […]
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A quick internet search at the downtown public library easily yields a long list of potentially empty homes for a squatter to invade. Houses for sale as well as rental and vacation properties can be easy targets, according to Alex Yoder, director of residential management at Dorman Real Estate Services. “Anyone can just go online, […]
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Home prices continue to rise in the Colorado Springs area, but that’s partly a reflection of the increased cost of building new homes. New-construction prices are going up, thanks partly to a spike in the cost of materials, particularly lumber, as well as labor costs. “Resales [of homes] track new construction. And prices are absolutely […]
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Driven by rising prices, available land and high demand, real estate development in northern Colorado Springs is percolating at a record pace and helping to drive the city’s economy. “We continue to see large growth in all sectors of development — single family, multifamily and commercial,” said Catherine Carleo, principal planner for the city of […]
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