The Colorado Springs housing market has shifted to a buyer's market as home sales fall and inventory rises, with median prices dropping to $470,000 and homes now taking (4.5 to 6.5 months) to sell.
Experts say high interest rates and rising costs temper activity and boost buyer leverage.
Local economic data shows mixed results as the metro’s unemployment climbed nearly 9% since July and many households face a $37,000 gap to afford a median-priced home.
Bliss Mobil plans a $4 million investment in a new U.S. headquarters and local tourism received a Governor’s Award for its creative campaign.
Air Force defeated Navy 14-9 on Oct.
2 at Falcon Stadium (39,441 fans attended) as defensive plays and improved teamwork led to a hard fought victory; the Falcons will face Army next in a key contest.
Data from 1876 Analytics (Q2 report) shows apartment vacancies in Colorado Springs fell to 6.6% with average monthly rents rising to $1,419 in the second quarter (down from 7.3% last quarter), reflecting a slow recovery from a recent construction boom.
Two veteran journalists have been promoted to lead Clarity Media outlets as John Boogert begins directing the Colorado Springs Gazette + related publications and Luige Del Puerto takes charge of Denver-based news, including Colorado Politics.
Their promotions follow former executive editor Vince Bzdek's announced retirement effective Dec. 31.
On Sept. 28, Lewis-Palmer Elementary held a ribbon cutting for three outdoor classrooms enhanced by a $3,000 grant and contributions from volunteers, staff, and scout groups — the new spaces now support academic and outdoor learning.
Friends of St. Victor’s have applied for the National Register of Historic Places for the 1894 chapel in Victor to preserve its Victorian architecture.
The nonprofit launched the effort after recent renovations (new roof, paint and tuck-pointing) to maintain the historic building for special occasions.
The Tri-Lakes Community and Business Expo is set to take place Wednesday, Oct.
28 from 10 a.m. to 2 p.m. at the Tri-Lakes YMCA. The free event will connect residents with local nonprofits, businesses, and community services with interactive booths and over 300 people expected.
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