Military Homebuyer Colorado Springs January 2014 | Page 26

HOMEBUYER

WELCOME

VA LOAN

CULTURE

LOCAL

GET STARTED

Market Trends
NOW IS THE PERFECT TIME TO TAKE ADVANTAGE
OF YOUR VA HOME LOAN BENEFIT

Our goal is to ensure
we find the loan
that best meets the
unique needs of each
borrower. One way
we accomplish this
is by knowing our
market's personally.
We live in the same
neighborhoods. We
shop in the same
stores. We care for
the same community.

Despite the sometimes roller
coaster ride of the housing market,
lately the numbers seemed to be
pointing one way: down.
When looking at the local sales
prices from a five year standpoint,
there has been an increase in recent
years. However, in the most recent
months, Colorado Springs has seen
sales prices drop.

In 2012, home sales saw an
increase in every month of the year.
On top of that, property value saw
its greatest increase since 2006.
When you pair together the
power of a no-money-down VA loan
and relatively low current home
prices, now could be the best time
to take advantage of your VA home
loan benefit.

THE UPS AND DOWNS
The median price for single-family homes in Colorado Springs from spring
2008 to spring 2013.

210,000
200,000
190,000
180,000
170,000
160,000
Spring
2008

Spring
2009

Spring
2010

Spring
2011

Spring
2012

*Source: Median sales price for Colorado Springs according to Trulia.com

26

Colorado Springs Homebuyer

ColoradoVALender.com

Spring
2013