Blog

Foreclosure Filings Down
By Luther
November 9, 2011
In an article written for the Colorado Springs Business Journal, Amanda Miller writes that Foreclosure filings in Colorado are down by more than 28%. Amanda states that according to a RealtyTrac, “This string of decreases was initially triggered by the robo-signing controversy back in October 2010, which forced lenders to substantially slow the pace of foreclosing,” RealtyTrac Ceo James Saccacio said. “But the downward trend in foreclosure activity has now taken on a life of its own. It appears that the foreclosure processing delays, combined with the smorgasbord of national and state-level foreclosure prevention efforts — including loan modifications, ...
How many homes for sale listings is a normal number in Colorado Springs and the Pikes Peak region?
By Luther
November 7, 2011
By Luther Benson There are currently 3959 single family houses for sale in the greater Colorado Springs area. This compared to 5124 last year in October 2010, which is a 22.7% decrease. There were 4400 home on the market the same time in 2009 and 5841 homes on the market in 2008 this time of year. So the number of homes on the market is declining which is good it a lot of ways considering an average of 716 homes a month actually close. The less homes on the market and the more sales the healthier the market becomes. To offer a comparison, at the peak of the market ...
Who is Colorado Springs
By Luther
November 6, 2011
By Luther Benson As I thought about blogging on Colorado Springs with it’s rich history and the many things to do and see here I began to think that maybe a more appropriate way to approach the subject was to write about the people that make our town so special. Like the little lady not even 4’ 10” tall that sells tickets to the Cog Railway that takes us to the top of Pikes Peaks, 14,110 feet above sea level, the very mountain where Katherine Lee Bates wrote the words to “America the Beautiful”. Or how about ...
Sales up Oct 2011 by 20%
By Luther
November 4, 2011
There are currently 3959active single family listings on the market in the Pikes Peak region compared to 5124 last year in October, which is a 22.7% decrease. New listings on the market were down by 9.3%. Sales were upcompared to last Oct 2010 with an increase of 20.1%. With supplies down and demand up for several months in a row the market appears to be improving.   The median single family sales price was down 7.5% in Oct2011. Last year's numbers were $200,000 and this years&...
Colorful Colorado Springs
By Luther
November 4, 2011
I have lived in Colorado Springs for almost 32 years now and the weather never ceases to amaze me. Monday the weather was warm, in the 60's. By Tuesday evening the weather had turned to blizzard conditions and today it will be back in the 60's. As I think about why they call it colorful Colorado I can't help but contemplate the beauty of the rapid changes. The lawns are still green for the most part in early November and many trees are still showing there vibrant colors. Then the fluffy white snow blankets the ground and as it begins to ...