If you are considering a move to Colorado Springs, you will be happy to learn that comparatively speaking, the economy in the Pikes Peak region is doing much better than other areas of the country.  In fact, Colorado Springs just ranked #8 on BusinessWeek.com as one of the Best Places in America to “Start Over”.  In order to achieve this honor, Colorado Springs was compared side-by-side with similar sized cities across the United States in terms of employment opportunities.

According to the article, 22% of all companies in the region plan to hire within the next quarter.  The best job prospects are in wholesale and retail trade, information sciences, construction, non-durable goods manufacturing, leisure & hospitality, government and financial activities.

Colorado Springs residents are quite accustomed to this type of honor.  Outside Magazine and CNNMoney.com have also recognized Colorado Spring for its outstanding quality of life and vibrant economy.  With so much fear about buying real estate, this recent honor is especially meaningful, because so much of the country is still in a housing slump.  Colorado Springs has a constant influx of military personnel flooding into the area’s five military bases, including the USAF Academy, Fort Carson, Peterson AFB and NORAD.  This only adds to the stability of the area’s high-tech economy and the number of military relocations to Colorado Springs.  As a result, the Colorado Springs housing market is remarkably strong.

Other reasons to buy a home in Colorado Springs include:

• The first $20K of everyone’s pension is exempt from Colorado income tax and property taxes are not that high in most areas
• Colorado Springs is far enough away from Denver to have its own unique identity
• Some very nice homes are available between $250K and $500K, which would cost twice as much in many other areas of the country.
• A relatively dry climate, with 300+ days of sunshine, means it never feels too hot in the summer or too cold in the winter.
• Even the downtown area is quite livable, and an abundance of roads means there is rarely a traffic jam.
• There is a thriving and vibrant religious life in Colorado Springs for all denominations

The list of reasons to buy a home in Colorado Springs could go on and on, but if you are looking for a home in the Pikes Peak region, be sure to work with a good realtor.  Whether you want the eclectic charm of Manitou Springs, a large wooded property in Black Forest or a charming home in the Old North End, an experienced Colorado Springs realtor will show you the best builders and most desirable neighborhoods in the area.   Call on the experts at Action Team Realty for a free consultation.