From RISMedia May 5, 2010: Pending home sales increased again in March 2010, affirming that a surge of home sales is unfolding for the spring home buying season, according to the National Association of Realtors®. The Pending Home Sales Index (PHSI) forward-looking indicator based on contracts signed in March, rose 5.3% to 102.9 from 97.7 in February, and is 21.1% above March 2009 when it was 85.0; this follows an 8.3% increase in February. Click here to read more.The Colorado Springs housing market has been stabilizing due to several reasons: the return of troops to the military installations in town and also several local companies have announced new jobs and positions being implemented over the next few years which is a real boost to the Springs economy. Regardless of what you may hear in the news, this is a great time to buy or sell. Interest rates, while fluctuating, are still at record lows.
The current real estate market in Colorado Springs has created a number of opportunities for the astute buyer and it's exciting that in the current market, there is actually room to negotiate and reach a win-win for all of the parties involved.
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