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.

The real estate market in Colorado Springs is crazy. Homes are commanding prices 20 percent higher than they did just a year ago. Some even higher.

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.

Neighbors in the Skyway area wondered what was going on in early March when heavy equipment pulled in and started digging.

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: “…