Written by Action Team Staff Saturday, 26 February 2011 10:17
All the volatility in the real estate market has turned many would-be homebuyers into skeptics, and some national market watchers believe that we are looking at a potential “double-dip” in the housing market. But there are some bright spots in the housing industry, particularly if you are buying a home in Colorado Springs.
The Pikes Peak region is frequently mentioned among the Top Places to Live in America, which comes as no surprise to residents of the area, but its recent inclusion in CNN Money’s “Best Recovery Bets” confirms what we already suspected – the Colorado Springs housing market is among the top ten large metropolitan areas expected to have the largest prices gains by 2012.
Looking at recent figures from the Pikes Peak Association of Realtors (PPAR), even the skeptics are inclined to agree with CNN’s assessment. As of February 1st, home sales from January were looking quite stable compared to last January, which is impressive when you consider that this year there is no tax credit for new homebuyers.
Homeowners seem to have a lot more confidence in the market now than they did last year, which may explain why many first time homebuyers will be buying a home in Colorado Springs. Heading into the spring selling season, there are more homes for sale than in the previous two years. This may be related to all the positive real estate news directed at the region.
If you are thinking about buying a home in Colorado Springs, now is a good time to start looking. People are more likely to make a “deal” with you in the winter months, especially if they are anxious to sell, and Colorado is becoming a hot-spot for families with children. A strong military presence, natural beauty, and a bustling technology sector all make the Pikes Peak region a great place to live.
A Colorado Springs real estate agent from Action Team Realty can help you with every aspect of buying a home in Colorado Springs.
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