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Old 05-13-2015, 03:21 AM
 
Location: Colorado Springs
5,763 posts, read 5,960,158 times
Reputation: 20313

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It looks like the home prices in Colorado Springs are heating up:

Colorado Springs home prices jump nearly 10 percent in first quarter

I think the Fed is blowing two asset bubbles: Home prices and the stock market. How long will it last this time?
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Old 05-14-2015, 12:46 PM
 
Location: Seattle area
492 posts, read 919,967 times
Reputation: 345
Sure would be nice to live in a market-based economy, rather than one that borrows from the future to blow bubbles today. At least it should get ever harder to do it.
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Old 05-15-2015, 01:01 PM
 
5 posts, read 19,202 times
Reputation: 31
Just a month ago, I had my agent list my home and within 24 hours, it was under contract. It's definitely a seller's market right now in COS.
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Old 05-15-2015, 01:07 PM
 
Location: Colorado
305 posts, read 279,464 times
Reputation: 742
Not a surprise. As the market in Denver continues to inflate beyond belief, people will look outside of the metro area for more affordable housing. Springs will be one of those areas, especially the northern part of El Paso County. It will certainly drive up home prices all along the front range for the forseeable future, making all of Colorado that much more unaffordable.
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Old 05-15-2015, 02:54 PM
 
Location: Colorado Springs
8 posts, read 19,929 times
Reputation: 15
It's definitely a seller's market here. I am a local Realtor and we are seeing multiple offers in the first few days of listing.
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Old 05-15-2015, 03:04 PM
 
22,503 posts, read 41,402,031 times
Reputation: 22426
Quote:
Originally Posted by New Mexico to COS View Post
It's definitely a seller's market here. I am a local Realtor and we are seeing multiple offers in the first few days of listing.
Is that the $150k to $250k segment of the market, or all price points?
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Old 05-15-2015, 03:35 PM
 
Location: The Springs
1,773 posts, read 2,342,998 times
Reputation: 1856
Quote:
Originally Posted by mbalmedpoet View Post
Not a surprise. As the market in Denver continues to inflate beyond belief, people will look outside of the metro area for more affordable housing. Springs will be one of those areas, especially the northern part of El Paso County. It will certainly drive up home prices all along the front range for the forseeable future, making all of Colorado that much more unaffordable.
That Denver bubble is going to pop. Me thinks it will pop soon.
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Old 05-15-2015, 03:42 PM
 
Location: Colorado Springs
5,763 posts, read 5,960,158 times
Reputation: 20313
Quote:
Originally Posted by Kar54 View Post
That Denver bubble is going to pop. Me thinks it will pop soon.
Actually not.

As long as the Fed keeps interest rates low, the bubble will blow up.

The Fed is caught between a rock and a hard place. If they increase rates, the dollar will climb. If that happens, exports will drop and the GDP growth rate will drop and might even go negative.

So I think interest rates will stay low for longer than ya think.

Bubbles...bubbles...every asset has become a bubble
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Old 05-16-2015, 07:32 AM
 
177 posts, read 261,333 times
Reputation: 169
Denver is definitely in a bubble, check this house out- 2 BR/1 BA and fire-damaged @ $250K. what a deal!

https://www.redfin.com/CO/Denver/371.../home/34070618

Last edited by huffdiver; 05-16-2015 at 07:49 AM..
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Old 05-25-2015, 04:54 PM
 
Location: Colorado Springs
89 posts, read 115,042 times
Reputation: 163
Quote:
Originally Posted by Jalhop View Post
Sure would be nice to live in a market-based economy, rather than one that borrows from the future to blow bubbles today. At least it should get ever harder to do it.


Yeah, right. Everything was going great under Bush (two wars put on a credit card), and then the black guy came in, screwed everything up, and told the Feds to lower rates. Downhill ever since.

What do they smoke up there in Seattle? Same thing they smoke in Colorado, I guess.
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