Colorado Springs Real Estate

By The KCM Crew We are often asked where we believe home values are headed. To answer this question we want to quote three separate reports that have been published in the last 60 days: the Home Price Expectations Survey (HPES), the Urban Land Institute Real Estate Consensus Forecast (ULI) and the Demand Institute’s Report (DIR): The Shifting Nature of U.S. Housing Demand. Here are their projections: A slow but steady return is projected by all. If you are considering Relocating to Colorado Springs , Purchasing a Home for Sale in Colorado Springs , considering Selling a Home in Colorado Springs , or want more information on the Colorado Springs Real Estate Market , Contact your Colorado Springs Real Estate Expert , Mike MacGuire Today! Click Here to Check out my informational video if you are considering Selling a Home in Colorado Springs . Click Here to Check out my informational video if you are considering Purchasing a Home for Sale in Colorado Springs .

By The KCM Crew We believe the housing market is recovering. We believe that sales will be robust through the rest of the year. However, we also believe that the increase in demand will not impact prices in a big way as we think there will also be an increase in the supply of homes coming to the market. This increase in supply will offset the increase in demand. The increase in supply will be fueled by two categories of inventory: 1. Foreclosures entering the market as a result of the National Mortgage Settlement. 2. Pent up supply of homeowners who have been unable to sell their homes over the last several years. There have been several recent headlines making strong statements about home values in the country. We must be sure to read the ENTIRE report – not just the headlines. Here are four headlines and the portion of the report that reflects the caution in their ‘cautious optimism’. HEADLINE: LPS Home Price Index Shows U.S. Home Price Increase of 0.2 Percent in Februar...

By The KCM Crew Last week, the National Association of Realtors (NAR) released their Pending Sales Report which showed that contracted sales were 12.8% higher than the same month last year and higher than any time since sales were impacted by the Homebuyers’ Credit back in April of 2010. The index stood at 101.4 which represents a level that is “historically healthy” (see methodology below). Here is a graph showing pending sales over the last twelve months: The Pending Home Sales Index is a leading indicator for the housing sector, based on pending sales of existing homes. A sale is listed as pending when the contract has been signed but the transaction has not closed, though the sale usually is finalized within one or two months of signing. The index is based on a large national sample, typically representing about 20 percent of transactions for existing-home sales. In developing the model for the index, it was demonstrated that the level of monthly sales-contract activity par...

Move In Ready Home For Sale in Colorado Springs that is a Walk Out Rancher with 4 Bedrooms, 4 Bathrooms, 3 Car Garage and over 4,500 Square Feet. Click Here to Tour This Home For Sale in Colorado Springs ! The Main Level boasts Beautiful Hardwood Floors, Formal Dining Room, Walk Out Formal Living Room with Cozy Fireplace and an Office that could be used as a 5th Bedroom. The Perfectly Appointed Gourmet Kitchen Features Stainless Steel Appliances, Large Center Island, Ample Cabinet and Counter Space, Pantry, Desk Planning Area and Spacious Eating Area. There are 2 Master Suites in this Home, one on the Main Level and the other in the Basement. Both Master Suites include Attached 5 Piece Bathrooms with Dual Sinks, Jetted Tubs, Separate Showers and a Walk In Closets. There are 2 Additional Bedrooms in the Walk Out Basement and a Large Family Room with Gas Fireplace. Enjoy Beautiful Mountain Views from your Expansive Deck or Covered Patio. Don’t Miss Out on this Home For Sale in Colorad...

Beautiful Custom Built Home in 2003 Boasting 2 Bedrooms, 3 Bathrooms, Oversized 1 Car Garage and over 1,700 Square Feet. Click Here to Tour This Home For Sale. This 2-Story Home is Located on 3.45 Acres and has Beautiful Views from all Directions. The Perfectly Appointed Gourmet Kitchen features Custom Cherry Cabinets, Jenn-Air Gas Range with Convection Oven, Maytag Dishwasher, Tile Backsplash and Ample Cabinet and Counter Space. Enjoy Your Beautiful Views from the Sunroom or the Family Room with a Cozy Gas Fireplace and both include Walk Out to the Spacious Patio. The Upper Level includes 2 Bedrooms with Beautiful Hardwood Floors and Walk-In Closets, a Full Bathroom with Custom Cherry Cabinets, Separate Shower and Tub and Laundry Area. The Basement has Beautiful Tile Floors, Mud Room with a ¾ Bathroom, Laundry and Access to the Oversized Garage. There are Balconies off of the Family Room and the Master Bedroom to Enjoy the Privacy and Beautiful Views. This Custom Home also includes...

Well Maintained Tri-Level Home For Sale in Colorado Springs Located at the end of a Cul-De-Sac with No Thru Traffic in the Quiet Tour Subdivision of Brookwood featuring 4 Bedrooms, 3 Bathrooms, Oversized 2 Car Garage and over 1,900 Square Feet. Click Here to Tour this Home For Sale in Colorado Springs ! New Carpet in the Spacious Living Room and Formal Dining Room. The Large Kitchen includes all Appliances, Maple Cabinets, Roll-Out Drawers or Shelves in Lower Cabinets, Tray Storage, Shelving for Cookbooks, Pantry, Lots of Electrical Outlets and Appliance Circuits and a Large Eating Nook that Overlooks the Backyard. Unwind in the Upper Level Master Bedroom with an Attached Bathroom and Beautiful Hardwood Floors. There are 2 Secondary Bedrooms with Hardwood Floors and a Full Bathroom that Complete the Upper Level. The Lower Level boasts a Spacious Family Room with a Cozy Wood Burning Fireplace and Walk Out to the Backyard, 4th Bedroom and Bathroom. The Oversized Garage is the Ideal W...

By The KCM Crew We reported two months ago that foreclosures will significantly increase this summer as a result of The National Mortgage Settlement . This month, both Reuters ( Americans brace for next foreclosure wave ) and CNNMoney ( Flood of foreclosures to hit the housing market ) concurred. However, we believe this increase in distressed properties will have a much different impact on the housing market than previous increases for three reasons. 1. Demand Will Absorb Much of the Increase in Supply The last wave of foreclosures entered the market as both consumer confidence and demand for housing was on the decline. That created an overhang of discounted properties that pushed down the prices on non-distressed homes. This new increase in foreclosures is hitting a different type of real estate market. Consumer confidence is stabilizing and the demand for housing is increasing. The impact on prices will be much less dramatic in most markets than it has been in the past. 2. Many Bank...