Homes sales increased by 4.6% in El Paso County for the month of October when compared to September. There were 142 fewer single family home sales in October 2010 when compared to October 2009 (18.4% decrease). There were 671 fewer single family homes for sale in October 2009 as well. Home sales typically decrease during […]
Major banks including Bank of America, GMAC, and JP Morgan Chase are halting foreclosures to investigate if homes were properly foreclosed upon since issues have arisen from incorrect paperwork being filed and from concern regarding the entity actually foreclosing on many properties (MERS (Mortgage Electronic Registration Systems)). Bank of America is temporarily freezing foreclosures in 23 states. Investors who […]
Homes sales decreased by 3.5% in El Paso County for the month of August when compared to July. There were 203 fewer single family home sales in August 2010 when compared to August 2009 (22.7% decrease). There were 799 fewer single family homes for sale in August 2009 as well. Home sales are typically lower in […]
Homes sales decreased by 21.9% in El Paso County for the month of July when compared to June. There were 233 fewer single family home sales in July 2010 when compared to July 2009 (24.6% decrease). There were 820 fewer single family homes for sale in July 2009. The dip in single family home sales may be a […]
Homes sales increased by 2.8% in El Paso County for the month of June when compared to May. There were 40 additional single family home sales in June 2010 when compared to June 2009 (4.6% increase). There were 791 fewer single family homes for sale in June 2009. As long as inventory levels are remain steady while […]
It is not uncommon for home owners that are facing a short sale situation to have more than one lien on their property. The second lien holder may approve the short sale of a property but may not necessarily forgive or cancel the debt still owed and require the home owner sign a promissory note at […]
Homes sales increased by 12% in El Paso County for the month of May when compared to April. There were 56 additional single family home sales in May 2010 when compared to May 2009 (6.7% increase). There were 508 fewer single family homes for sale in May 2009. As long as inventory levels are remain steady while […]
Home inventory increased by 40.5% for the month of May 2010 when compared to six months ago (December 2009). Compared to the previous month of April, there was a 7.8% increase in single family homes for sale. We are now in the busy season for real estate in Colorado Springs and can expect inventory levels […]
Homes sales increased by 9.5% in El Paso County for the month of April when compared to March. There were 84 additional single family home sales in April 2010 when compared to April 2009 (11.8% increase). There were 138 fewer single family homes for sale in April 2009. Although, inventory levels are slightly higher than one year ago, […]
Homes sales increased by 26% in El Paso County for the month of March when compared to February. There were 157 additional single family home sales in March 2010 when compared to March 2009 (27.7% increase). There were also an additional 302 single family homes for sale in March 2009. Inventory levels are lower than one year […]