Latest from Patricia
Market reports, buying and selling advice, and notes on Colorado Springs neighborhoods since 2008.
December 9, 2009 · Buying
Yet another change that will affect investors who purchase Fannie Mae Real Estate Owned (REO) listings. Investors will not be allowed to submit an offer on an REO property until after it has been on the market for 15…
December 9, 2009 · Buying
Many home buyers in Colorado Springs obtain FHA financing for their home purchase and may be affected by the upcoming changes with FHA guidelines. FHA offers a low down payment requirement making it easier for many…
December 8, 2009 · Market reports
Home inventory has decreased by 16% for the month of November 2009 when compared to six months ago (June 2009). Compared to the previous month of October, there was a 3% decrease in single family homes for sale. It is…
December 8, 2009 · Market reports
Homes sales increased by 2.7% in El Paso County for the month of November when compared to October 2009. There were 295 additional single family home sales in November 2009 when compared to November 2008! There were also…
November 24, 2009 · Buying
If you plan on purchasing a home in foreclosure and do not plan on living in the home as your principal residence, you may be affected by the Colorado Foreclosure Protection Act. If a property falls under the Colorado…
November 17, 2009 · Market reports
Homes in the Briargate area are primarily located in School District 20. A total of 39 single family homes sold in the month of October with the average sale price of $275,636. The average days on market for homes that…
November 10, 2009 · Market reports
Homes sales decreased by 6% in El Paso County for the month of October when compared to September 2009. There were 124 additional single family home sales in October 2009 when compared to October 2008. There were also an…
November 10, 2009 · Market reports
Home inventory has decreased by 11.7% for the month of October 2009 when compared to six months ago (May 2009); one of the largest inventory decreases we have seen in a long time! Compared to the previous month of…
October 29, 2009 · Buying
It is now official! The tax credit has been extended through June 30, 2010. Take a look below for the details: 1.) Home buyers who have lived in their home for five consecutive years over the past eight years qualify for…
October 8, 2009 · Market reports
Home inventory has decreased by 3.5% for the month of September 2009 when compared to six months ago (April 2009). Compared to the previous month of August, there was a 4% decrease in single family homes for sale. It is…
October 8, 2009 · Market reports
Homes sales decreased by 7.6% in El Paso County for the month of September when compared to August 2009.There were 89 additional single family home sales in September 2009 when compared to September 2008. There were also…
September 24, 2009 · Buying
The first time home buyer tax credit is going to expire on November 30th, 2009. The credit may be extended and made available to all home buyers but nothing has been made official at this time. If you are a first time…
