COS Town Tidings #26-164

🏡 Unlock the Colorado Springs Housing Market: Latest Home Sales and Market Insights - (Gmail will truncate, 👉 click to READ ONLINE)

Properties Section (Click Here) Includes:

🛍 Bargain Box - Last Day + Father’s Day Deals

📢 ATTENTION REALTORS! 🏠

👵 Housing Relief for Seniors?

💰 The Mortgage Rate Reality

📆 Local Events + Concerts, Farmers Markets and Activities

🌦 COS Weather - Partly cloudy, hot with possible isolated PM T-storms

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Properties recently sold ranging from $765K to 2.5M. Click for Black Forest listings

Properties recently sold ranging from $258K to $990K. Click for Briargate listings

Properties recently sold ranging from $257K to $1.4M. Click for Broadmoor listings

Properties recently sold ranging from $202K to $565K. Click for Cimarron Hills listings

Properties recently sold ranging from $415K to $650K. Click for Banning Lewis Ranch listings

Properties recently sold ranging from $650K to $860K. Click for Mountain Shadow listings

Properties recently sold ranging from $194K to $2.8M. Click for Old Colorado City listings

Properties recently sold for $300K. Click for Downtown Colorado Springs listings

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A new week means new treasures! We're giving you a first look at the incredible finds and amazing sales hitting the floor through today, Jun 13 (up to 50% OFF + Father’s Day Deals). Watch now to see what's waiting for you!

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A proposed affordable housing community for older adults in SE Colorado Springs is moving forward, bringing the possibility of both new housing and expanded services for local seniors.

The project, called Sugarbowl Grove, would add 157 affordable apartments for seniors near Chelton and Zebulon Dr, along with a new senior center operated by Silver Key Senior Services. Last week, the Colorado Springs Urban Renewal Authority approved several preliminary steps that could help unlock funding needed to move the project ahead.

The development is designed for seniors living on limited incomes and would include one- and two-bedroom apartments, community amenities, walking trails, landscaping, and improved infrastructure. Supporters say affordable housing options for older adults remain in short supply, especially as the senior population continues to grow.

The project still requires additional approvals and funding before construction can begin. *Source

Mortgage rates remain one of the biggest questions for Colorado Springs homebuyers, but experts say there may be more to the story than simply waiting for rates to fall. After declining from the 7%+ levels seen in recent years, average 30-year mortgage rates have been holding around 6.4% as the Federal Reserve takes a cautious approach to additional rate cuts.

While lower rates could improve affordability, many housing professionals point out that buyers are already benefiting from a growing number of homes on the market and less pressure to make rushed decisions. If rates eventually decline significantly, more buyers could return to the market, increasing competition and potentially putting upward pressure on home prices again.

For many buyers, the decision may come down less to predicting interest rates and more to finding a home that fits their budget and long-term plans. *Read Source

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The latest Real Estate Roundup issue, focusing on the dynamic and ever-evolving Colorado Springs housing market. Our team has compiled* essential market insights to help you stay ahead in your real estate endeavors. _{*Data source: Redfin}