Author: By Rich Laden rich.laden@gazette.com
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Lack of affordable homes creates ‘housing mismatch’ in Colorado Springs, report says
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Colorado Springs and El Paso County aren’t building enough homes that typical buyers can afford, while smaller houses and other types of housing options are sorely needed to make housing more attainable for many people, including young adults whose population will jump over the next few years and seniors who want to downsize. Those are…
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Colorado Springs home sales rise in January, but housing market remains in ‘the doldrums’
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Colorado Springs-area home sales saw a slight increase in the first month of the year, though the local housing market generally remains slow as mortgage rates that are at roughly 20-year highs continue to keep buyers on the sidelines, some industry experts say. “We’re still very much in kind of the doldrums here,” said Rick…
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Colorado Springs, Ford Amphitheater developer announce new sound measures — but there could be a wait
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Enhanced mitigation measures designed to tamp down noise at the new Ford Amphitheater, whose debut last summer in northern Colorado Springs generated hundreds of complaints from area residents objecting to what they called unwanted and obtrusive sound from the outdoor concert facility, were announced Tuesday by Mayor Yemi Mobolade’s office and VENU, the Springs-based entertainment…
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Colorado Springs jumps to No. 5 ranking in national report that measures economic vitality
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Gains in job and wage growth helped vault Colorado Springs to a No. 5 ranking among large metro areas in the 2025 Best-Performing Cities index released Tuesday by the Milken Institute, a nonpartisan, California-based think tank that measures the economic vitality of hundreds of cities in its annual report. Colorado Springs’ ranking this year is…
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Homebuilding rose last year in Colorado Springs, but the housing market faces challenges in 2025
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Colorado Springs-area home construction rebounded in 2024 from the previous year, though one local builder labeled last year’s activity as just so-so, while uncertainty about mortgage rates and Trump administration policies on tariffs and immigration could pose challenges for the industry in 2025. Building permits issued for the construction of single-family, detached homes mostly in…
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Entegris’ high-tech manufacturing plant in Colorado Springs awarded $77 million from feds
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One of Colorado Springs’ largest high-tech projects in recent memory received a major financial boost Thursday when the federal government awarded up to $77 million to Entegris, which will help the Massachusetts-based supplier of electronic materials for the semiconductor industry construct a $600 million state-of-the-art manufacturing facility on the city’s northwest side that could employ…
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Colorado Springs housing market positioned for better times in 2025, real estate expert says
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Colorado Springs-area home sales that have slumped in 2024 largely because of higher mortgage rates could rebound next year under a new Trump administration as economic conditions improve, borrowing costs moderate and demand for housing increases, one longtime real estate agent predicts. “Some people are going to say, ‘well, maybe it’s time to think about…
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Colorado Springs apartment complex sells for more than $100 million to out-of-state buyer
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A Boston-area private equity firm paid $102.5 million for a Colorado Springs apartment complex, its second acquisition of a local apartment property this year, according to El Paso County land records. The deal signals that out-of-town investors remain bullish on the long-term prospects of the Springs’ multifamily market, one commercial real estate expert said, even…
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Colorado Springs homeowners lose another round in court to challenge Ford Amphitheater
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Colorado Springs homeowners who sued to block operation of the new 8,000-seat, outdoor Ford Amphitheater unless it complies with a state noise pollution law have lost another round in court. The Colorado Court of Appeals on Thursday upheld a 4th Judicial District Court judge’s decision to dismiss the homeowners’ lawsuit, which had alleged amphitheater noise would…
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Housing inventory climbs, but Colorado Springs-area home sales remain soft
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The number of Colorado Springs-area homes listed for sale last month reached a nine-year high, though a larger inventory of properties from which to choose didn’t necessarily translate to more sales as prices and mortgage rates remained high for some buyers. A new Pikes Peak Association of Realtors market trends report showed home listings totaled…