Colorado Springs Vintage Homes Blog

Archive for August 21st, 2009

Colorado Springs Real Estate on road to recovery

Colorado Springs Real Estate on road to recovery

Forbes magazine  recently published an interesting article about “It’s best cities for a housing recovery”.  According to the article some metro areas are more on their way to recovery than others.  Forbes looked at 161 metro area and their top 5 list of cities includes Colorado Springs:

The Rankings

1. Miami, FL

2. Lincoln, NE

3. Colorado Springs, CO

4. Salem, OR

5. San Luis Obispo, CA

According to the article, foreclosure home sales in Colorado Springs are only 20% of the transactions and sales activity is up 14%.   Not sure if I agree with their analysis, as in some zip codes in the city foreclosures sales are only 5% and in other areas, it’s probably closer to 40%; but regardless it’s always nice to see national recognition in a positive way for Colorado Springs.

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Kathy (719-287-1049)   KTorline@msn.com

Tags: best cities for a housing recovery, Colorado Springs Homes, Forbes Magazine, homes sales in Colorado Springs, Real Estate Market Reports, Road to Recovery