EL Paso County Colorado has recently announced the Turn Key Grant Program. The grant is availalbe for home buyers in and around the Colorado Springs area. The EL Paso Turn Key Grant fund
Buyer or Sellers Market
Many people are under the assumption that we are still in a buyer's market in Colorado Springs, when in fact our market shifted a while ago. A traditional sellers market is defined as anytime the inventory of homes for sale take 6 months or longer to sell on average. Conversly, a buyer's market is when homes sell in 6 months or less.
So what is driving this? Supply and demand! The supply of homes for sale in El Paso county is at a 12 year low. This is happening at a time when there are many great reasons to buy a home like low interest rates. An increase in demand for homes, in conjuction wth a decrease in supply, finds some sellers in bidding wars, a concept no one has seen in many years.
To find out how this affects your home, send me an email at JeffRyder@remax.net
Jeff Ryder moved to Colorado while serving in the US Army at Fort Carson as a Flight Paramedic. If you look at Jeff's picture and say "I think I know him from somewhere," it may be due to his career b....