Monday, July 22, 2013

Housing News Digest, July 22

Springs homes selling at fastest rate in years If someone puts a home on the market today, chances are good it’ll sell within two months. As of June 30, single-family homes spent an average of 62 days on the market, the lowest number since June 2006, when the Pikes Peak Association of Realtors started keeping records. The total number of active listings is extremely low at 3,450, said Fred Crowley, associate director of the Southern Colorado Economic Forum. He compared that number with around 6,000 active listings in June 2010.

  Colorado Springs' housing market continues to improve The improving Colorado Springs-area housing market showed no signs of slowing last month, as home sales soared and prices jumped to their highest levels in six years.

  2013 Colorado Housing Market Compared to many states, Colorado endured the bursting of the housing bubble relatively unscathed. The state’s home prices only dropped 9.5 percent from the first quarter of 2007 through the first quarter of 2012, well below the price plummets of most other states.

  Western National and Nor’wood to Develop Colorado Springs Community Colorado Springs, Colo.—In their fourth joint venture in Colorado Springs, Colo., Western National Group and Nor’wood Development Group are developing a multifamily community in the InterQuest Marketplace development. The InterQuest Marketplace features restaurants and entertainment options. The multifamily community will feature 250-300 units, including one-, two- and three-bedroom floor plans.

Forest Service land repurposed to affordable housing FRISCO, Colo. (AP) - U.S. Sens. Mark Udall and Michael Bennet have introduced legislation to allow the use of Forest Service land for affordable housing in Summit County. The legislation calls for a 40-acre land exchange from the Dillon Ranger District to Summit County. U.S. Rep. Jared Polis introduced a similar bill in the House.