Springs May Be On Verge of Economic Rebound

from The Gazette | January 12, 2014 

All should hope for more headlines similar to those carried this week in The Gazette's business section. A sampling:

• "Colorado Springs-area jobless rate falls to five-year low"
• "Colorado Springs-area car sales hit eight-year high despite slow December"
• "Colorado Springs home sales for 2013 hit highest level in seven years"

Americans have endured a protracted and painful recession. Bad federal policies—most notably the Patient Protection and Affordable Care Act—have slowed recovery. Yet, a few key economic indicators look good locally and should serve as incentive to consider new investments in the community's future.


To read the rest of the article at The Gazette click here.

Year in Review: Real Estate

from The Colorado Springs Business Journal | December 27, 2013 | by Marija B. Vader

If someone put a home on the market in Colorado Springs, chances are good it sold within two months.

As of the end of June, 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 was 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.

“The available homes for sale decreased 40 percent over three years ago,” Crowley said. “These numbers are just mind-boggling.”

To read the rest of the year in review click here.