Stuck between shrinking inventory and stagnating wages, Springs renters are feeling the squeeze.
A corporation recently acquired by the world’s biggest real estate investor has snapped up 108 houses in the frenzied Colorado Springs market since October, and in some cases paid over the asking price.
When George Nehme, a Realtor in Colorado Springs for 27 years, sits down with clients to discuss the homebuying process, he now has to prepare them for the city’s wild market. He doesn’t sugarcoat it.
Sheena Remtema has lived in Fountain for 26 years and in the greater Fountain Valley area since 1969, when her father served in the military. As Fountain’s population grew, Remtema, a librarian with Pikes Peak Library District, said something she believes a lot of Fountain residents think: “…
On Jan. 4, only 341 single family detached homes in all price categories were for sale in El Paso County. Also listed that day were eight patio homes, 34 townhomes and 16 condos.