Housing speculators were raising concerns that we would see a national housing bubble that would burst similar to a stock market crash. The buzz created anticipation and concern throughout the United States causing many markets to deflate resulting in high housing inventory, and declining prices, making selling homes more difficult. Long term housing appreciations helps you leverage your money for even greater equity and wealth. Home buyers seeing the appreciation and potential in the housing market found that low interest rates and creative financing allowed them to purchase homes they otherwise would not be able to afford. Colorado Springs is a desirable place to live, and has experienced good housing appreciation over the past few years. The difference between Colorado Springs and the larger markets is that Colorado Springs did not experience outrageous appreciation that outgrew local affordability.
The Colorado Springs real estate market has slowed down a little bit from those of the "boom" years. Colorado Springs is currently a buyers market. The Colorado Springs market is still very healthy. Last year when many markets declined in prices Colorado Springs prices appreciated at about 6% in 2006. The national "housing "experts" are anticipating a full housing market recovery within the next 1 - 1 ½ years. Purchasing a home during a buyers market gives the buyer the advantage to find their dream home and get more for their money. If you are considering purchasing a home in Colorado Springs this could be great time to buy.we buy houses in Colorado Springs
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