El Paso County saw fewer foreclosures last year than it has in recent history — a statistic that bodes well for the health of the local economy, but makes the Colorado Springs real estate market a more challenging one for investors.
There were 1,287 foreclosure filings in El Paso County in 2016, according to records from the office of Public Trustee Tom Mowle. That number is a 12.4 percent drop from 2015 and is the smallest total number of annual foreclosures seen in El Paso County since 1,165 were filed in 2001.
Many Potential buyers find Denver price tags far beyond reach
Many Front Range home shoppers can afford ground chuck, but are finding store shelves stocked with filet mignon, according to a study from Trulia.
Each quarter, Trulia divides housing markets of 100 metro areas into three price tiers — starter, trade-up and premium — and then compares what people searched for online to the listings available for sale to determine a market’s “balance.”
2017 COLORADO SPRINGS REAL ESTATE FORECAST LOOKING GREAT
In a recent article published by the Colorado Springs Business Journal, Cameron Moix predicts that the 2017 Colorado Springs real estate forecast is looking great. So if you’ve been thinking about buying Colorado Springs investment properties or Colorado Springs rental properties, this is your year.
Housing momentum in Colorado moves down the Front Range: The Colorado Springs housing market exploded last year
Metro Denver’s housing market has run so hot for so long, it is hard to imagine another part of the state having more momentum.
But demand along the southern Front Range accelerated in a big way last year, and Denver and Boulder homeowners, flush with equity, sought vacation homes in the neighboring mountain counties, supporting those markets.
Colorado Springs Real Estate Forecast: 2017 Is All Blue Skies
The Colorado Springs-based real estate firm Quantum Commercial Group expects 2016’s strong economic trends to continue during the new year — across both the commercial and residential markets.
“We all believe that 2017 is staged for continued expansion and growth in both new and existing companies and employees for our city,” according to Quantum’s annual report, which cites population growth and a strong jobs market as two of the top predictors for the year ahead.