What was the market like in Colorado Springs and the Pikes Peak region for 2010?
The year started off with increased sales numbers over 2009, mostly attributed to the $8000 first time home buyer tax credit. Sales were up and prices began to increase in the first two quarters.
Sales began to fall off starting in July but for the 2010 calendar year, sales were down only 6.4% compared to the 2009. New listings averaged 3.2% more than last year.
The Average purchase price actually ended up 5.3% to $229,152 for single family homes compared to last years stats.
By Luther Benson
As published in the Gazette.
How do we help create jobs in our community? I am not an expert on how to romance big corporations by providing tax credits or incentives, but I do know that in the Colorado Springs metro area our number 1 industry is the building industry. So when home building suffers, jobs suffer and not just building jobs but jobs in other sectors of the economy are affect by those job losses. So what is one thing we can do about it?
Negative and misleading news, mostly ...