Colorado Springs MLS
by: Brian on December 10, 2007 16:23:32     2 comments »

 

Numbers from the OFHEO with thanks from Colorado Springs New Homes.This is news we enjoy reading about at Colorado Springs New Homes. According to a recent post from the Colorado Springs Business Journal Blog, the Pikes Peak region continues to see home price stability even while home prices are falling nationwide. In fact, “the Pikes Peak region appears to be insulated from the free fall some markets have experienced.” According to the latest Office of Federal Housing Enterprise Oversight House Price Index (PDF), Colorado has seen a +2.23 percent change in house prices over the last year, and a +0.05 change during the third quarter. Meanwhile, average home prices for the same periods were +1.79 and -0.36, respectively, nationwide. The states hit hardest in those same periods were:

• Michigan: -3.74 / -2.50

• California: -3.59 / -1.76

• Nevada: -2.42 / -0.70

• Massachusetts: -2.31 / -1.68

• Rhode Island: -2.24 / -1.40

• Florida: -2.12 percent / -2.08

• New Hampshire, Arizona, Minnesota and Ohio all recorded negative change for both periods as well.

The Pikes Peak region, however, saw a -0.6 percent change, according to the CSBJ Blog. Regardless, at Colorado Springs New Homes we are pleased to see some semblance of a turnaround – or at least of stabilization – in our local market. Take this news and analysis to heart, as it provides reassurance and proof that, slowly but surely, local market conditions are improving. At Colorado Springs New Homes we know this improvement might come in baby steps, but small steps forward are better than giant ones backward.

Read also:

Brian Wilson

Please take a moment to enter your e-mail address in the sidebar to the right to receive daily posts from Colorado Springs New Homes. Thank you.

More Information

Meta Data

Author:
Brian Wilson
Published:
December 10, 2007 16:23:32 - 04:23:32 pm
Views:
805 views
Word count:
315 Words
Theme Tags

colorado springs new homes

,

house price index

,

office of federal housing enterprise oversight


Comment from: Joe Banks [Visitor] Email

Get ready for giant steps backwards because Phoenix was special and so was OC and San Diego and SF,Miami you name it.  It starts with stable prices with building inventory then wack.  Besides I know people who are crying because I warned them not to buy an overpriced house in 2005.  Now my ex is 60000 dollars upside down in her house.  THe model in her neighborhood sold for 60k less than her house and it had landscaping and a finished basement.  So put up the kool-aid and wake up.

PermalinkPermalink February 09, 2008 11:03:58
Comment from: Brian Wilson [Member] Email
Joe, no one is saying that the market is great. It is just nice to see some news about our local market that can suggest a positive move.
PermalinkPermalink February 09, 2008 11:19:56
Comment on this article

Your email address will not be displayed.

Your URL will be displayed.

Standard HTML is allowed in posts
Line breaks become <br />

Remember me

Allow users to contact you through a message form.
Captcha image.

Please enter the characters from the image above. (case insensitive)

Trackbacks

Trackback address for this post:

http://www.coloradospringsnewhomesrealestate.com/trackback/5754

This post has 119 feedbacks awaiting moderation...