Colorado Springs Real Estate Connection » In the News

Habitat for Humanity Dedicated 3 Colorado Springs Homes

Mariana Wagner — Mon, 19 Apr 2010 03:44:42 +0000

On Saturday, April 17 2010, Habitat for Humanity broke ground for new Colorado Springs homes for two local families: The (appropriately named) Greathouse family – currently living in a cramped trailer, and the Simbenga family – an African refugee family who fled the war in Congo.

The homes are being built in the Woodmen Vistas* neighborhood (N/E corner of Woodmen and Powers) should be complete in about 6 months.

The local Habitat for Humanity has made a positive impact on many families – building affordable housing in the Colorado Springs real estate market.

“Since 1986 Pikes Peak Habitat for Humanity has built 95 homes in El Paso County. Their goal is to eliminate poverty housing by building simple affordable housing.” Chris Ornelas – ColoradoConnection

More Information:

*Woodmen Vistas is a neighborhood in N/E Colorado Springs, offering affordable homes in Academy School District 20.

For more information on homes for sale in Academy School District 20, please contact the Wagner iTeam: 719.434.8346

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Just 30 Days Left to Get Your Home Buyer Tax Credit!

Mariana Wagner — Thu, 01 Apr 2010 15:05:16 +0000

If you are a first time home buyer (or have not owned a home in the past 3 years), you may qualify for the $8,000 Tax Credit!

HOWEVER …. This Tax credit ENDS in just 30 days!

The home you buy MUST go under contract by April 30, 2010 and close by June 30, 2010.

If you want to take advantage of this AWESOME tax credit, time is NOT on your side. Start looking NOW!

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Colorado Springs and Surrounding Areas

Or, give us a call and we can help guide you in your home search: 719.434.8346

Not a first-time home buyer?

Well, this new law ALSO offers $6,500 tax credit to EXISTING Colorado Springs area home owners who have lived in their current home for 5 consecutive years of the last 8 years, and want to “move up” and buy a different home (up to $800,000)!

December 2009 Case-Shiller Data Shows Battered Markets In Bona Fide Recovery

Mariana Wagner — Wed, 24 Feb 2010 13:46:13 +0000

The Colorado Springs Real Estate Connection would like to introduce another great article from our friends at Bring the Blog. This article talks about the possible signs of recovery in the housing market.

Using data compiled in December, Standard & Poors released its Case-Shiller Index Tuesday. The report shows home prices down just 2.5% on an annual basis, a figure much lower than the 8.7% annual drop reported after Q3.

According to Case-Shiller representatives, the housing market is “in better shape than it was this time last year”, but some of the summer’s momentum has been lost. 15 of 20 tracked markets declined in value between November and December 2009.

Meanwhile, it’s interesting to note the 5 markets that didn’t decline — Detroit, Los Angeles, Las Vegas, Phoenix and San Diego. Each of these metro regions were among the hardest hit nationwide when home prices first broke. Now, they’re leading the pack in price recovery.

For some real estate investors, that’s a positive signal. But we also have to consider the Case-Shiller Index’s flaws because they’re big ones.

As examples:

Case-Shiller data is reported on a 2-month lag
The Case-Shiller sample set includes just 20 U.S. cities
There’s no “national real estate market” — real estate is local

That said, the Case-Shiller Index is still important. As the most widely-used private sector housing index, Case-Shiller helps to identify broader housing trends and many people believe housing is a key element in the economic recovery.

If the markets that led the housing decline will lead the housing resurgence, December’s data shows that full recovery is right around the corner.

Celebrating Martin Luther King Jr.

Mariana Wagner — Mon, 18 Jan 2010 17:51:06 +0000

Click here to view the embedded video.

New York’s Skinniest Home Sells for $2.1 Million

Mariana Wagner — Sat, 16 Jan 2010 04:00:21 +0000

The Colorado Springs Real Estate Connection’s Mariana Wagner grew up in New York City. So when interesting real estate sales pop up in the New York Real Estate market, we like to share them, here…

This is an interesting story about the sale of New York’s skinniest home.

“A town house dubbed New York City’s skinniest house has sold for $2.1 million.

The red, 9 1/2 foot wide, 42 foot long brick building in Greenwich Village was built in 1873 on land used as an alley between homes. The town house was listed for sale last August at $2.7 million. The two bedroom, two bath home last sold in 2000 for $1.6 million.”

- MSNBC.com – Sold: NYC’s ‘skinniest’ house, 9.5 feet wide: ‘Edna St. Vincent Millay’ house listed since August goes for $2.1 million

It is nice to learn about this “little” piece of New York history!

Now, the Colorado Springs real estate market has some historical homes and buildings, but since we were only founded in 1871, we will never have as deep of architectural history as New York, which was one of the original 13 American Colonies.

Most of Colorado Springs historical homes are found in the Downtown Colorado Springs real state market and the SW Broadmoor real estate market.

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Search All SW Broadmoor Area homes for sale

We also have some luxury homes for sale in Colorado Springs and surrounding areas – Homes over $1 Million. Most of these homes can be found in the S/W Broadmoor real estate market and the Black Forest real estate market.

**Photo Credit: http://www.flickr.com/photos/hairygrumpy/ / CC BY 2.0