Colorado Springs Realty Blog

Home inventory has decreased by 18.3% for the month of February 2010 when compared to six months ago (August 2009). Compared to the previous month of January, there was a 4.3% increase in single family homes for sale. With the exception of February, Sin… more »

Home sales in El Paso County were highest during the summer months and then gradually dropped the remainder of the year in 2009. Looking back at 2009, the average sale price was lowest in November ($213,466) and highest in June ($256,829). The average… more »

Home inventory has decreased by 18.3% for the month of January 2010 when compared to six months ago (August 2009). Compared to the previous month of December, there was a 4.3% increase in single family homes for sale.  With the exception of January, Sing… more »

There are many types of foreclosures available in Colorado Springs and one type of foreclosure is a VA Repo. These types of properties are sold by the Veterans Administration (VA). There are a few important things buyers should be aware of when looking… more »

There were a total of 8,339 single family home sales in El Paso County in 2009 compared to 9,995 in 2007. Take a look below to view the total sales for major areas in Colorado Springs and surrounding areas. The Powers area of Colorado Springs had more… more »

Fannie Mae and Freddie Mac have recently changed guidelines regarding seller contributions.   If you are purchasing a second home that is not your primary residence, the seller can not contribute more than 2% of the purchase price toward buyer closin… more »

Home inventory has decreased by 16% for the month of December 2009 when compared to six months ago (June 2009). Compared to the previous month of November, there was a 3% decrease in single family homes for sale. It is good that we are seeing inventory… more »

The Mortgage Forgiveness Debt Relief Act was passed in 2007 to protect distressed homeowners from being taxed by the IRS on the debt that was cancelled by the lender on the short sale of their home.  Prior to the bill being passed, the IRS viewed the def… more »

Some home owners who are in distress may choose the option of a Deed in Lieu instead of a short sale.  The home owner gives the deed for the house back to the bank and can walk away from the house without having to worry about having to do a short sale. … more »

Many home buyers in Colorado Springs obtain FHA financing for their home purchase and may be affected by the upcoming changes with FHA guidelines.  FHA requires a low down payment making it easier for many buyers to purchase a home; currently, home buyer… more »