For 2011, The National Trust for Historic Preservation awarded Colorado Springs real estate as one of a dozen “Distinctive Destinations” in America—most especially the walkable downtown historic region that exudes an “authentic sense of place." Colorado Springs real estate in El Paso County and the surrounding region boasts numerous criteria used in the selection process. Colorado Springs definitely fits this one: combines “historic appeal and modern culture in a way that keeps visitors coming back.” … [Read more...]
Archives for June 2011
Mortgage Interest Deduction Does Affect Colorado Springs Real Estate Market
If you are a first-time homebuyer in the Colorado Springs real estate market or a veteran homebuyer, the recent talk about reducing the mortgage interest tax deduction probably caught your ear. It definitely caught the attention of Colorado Springs real estate agents and the president of the National Association of Home Builders (NAHB). The ability of homeowners to deduct large amounts of mortgage interest payments from their federal income taxes means buyers can afford to purchase more of a house. … [Read more...]
USDA Loans for Rural Colorado Springs Real Estate Listings
Buyers looking for a Colorado Springs real estate listing with a few extra acres may be interested in the USDA home loan program. Homes within the Colorado Springs city limits do not qualify for the USDA loan program, but any suburb with less than 10,000 residents is considered rural. If the population grows beyond what is considered rural, then the USDA loan will not be available. Colorado Springs homes for sale in Peyton and Woodland Park qualify for this special financing from the USDA (United … [Read more...]