According to a story published in the Gazette last week, the Colorado Springs housing market is faring quite well compared to most other areas of the country.  At least that’s what was published in Forbes magazine recently.  Even while other national media organizations have made unkind comments about Colorado Springs, the region was given a No. 6 ranking from Forbes. 

The list that was published earlier this month has Colorado Springs as number 6 out of 10 in a list of America’s Best Housing Markets for Investors, and as far as most local homeowners are concerned, that is a very positive indicator for the future of Colorado Springs home prices.

What is especially nice about this honor is the ranking isn’t just a list of “favorite places”, pulled together by Forbes’ editors.  It is based on housing research by Local Market Monitor, a real estate research firm, and it was calculated on the state of the community’s home prices during the economic downturn, but it also examined things like employment growth and population. 

The firm projected Colorado Springs home prices will remain flat over the next few years, but after that home values will increase due to a recent rise in population. 

This is a great honor for Springs real estate owners, but will a ranking like this really jumpstart home buying?   Well, nothing is certain, but it sure can’t hurt to have this type of publicity in a nationally respected magazine. 

The Colorado Springs housing market can be influenced by a number of factors, not all of which revolve around prices.  For some people, the great schools, beautiful surroundings and quality of life is enough to make them want to live in the Pikes Peak region. 

‘Ready to search the Pikes Peak MLS listings yet?  A Colorado Springs real estate agent will help you find the home of your dreams.