Real Estate in Colorado Springs is a Hit with First Time Buyers

For those of you who stay tuned into what’s going on in the economy, specifically with real estate in Colorado Springs, you may think you’re hearing a lot of doom and gloom. While this may be true on a national level, homebuyers must remember the old adage – all real estate is local. It might not be the ideal time to sell your home, but when it comes to buying real estate in Colorado Springs, there is one demographic group that may be very interested in the Pikes Peak region.  According to Kiplinger’s recent report on the best cities for college graduates, Colorado Springs was among the top ten.  This comes on the heels of being named one of CNN’s “Best Recovery Bets” for a rebound in the housing market.

One realtor in the area, Action Team Realty, recently posted an article about the marketability of real estate in Colorado Springs, specifically to the 25-34 year old demographic.  The article, entitled “College Grads - Why Buy Real Estate in Colorado Springs?” says that the ‘Springs was listed among cities like Baltimore, New York and Charlotte because the average household income grew by 3.4 percent between 2005 and 2009.

College grads find opportunity in Colorado Springs

 Despite an unemployment rate that was slightly higher than the national average, the region’s wealth of jobs in technology and low cost of living makes it promising for recent grads.  With nearly 1,400 new jobs being added in the banking, IT and education sectors, and salaries starting at $36,900, qualified graduates may be recruited to join Verizon Communications, Hewlett-Packard, or FedEx.

Is it time you invested in real estate in Colorado Springs?

If you have been fortunate enough to score a good job with decent career potential at a secure company, then buying a home in Colorado Springs may be a smart move.  First-time homebuyers can take advantage of lower rates and smaller down payments with FHA loans, and they don’t have to worry about selling a home in a down market.  Moving from a rental property into a home also has enormous tax advantages for recent graduates. 

Why buy real estate in Colorado Springs?

For young and active “twenty-somethings”, Colorado Springs is packed with year-round outdoor attractions, including skiing, hiking, mountain biking and white water rafting.  A constant influx of military personnel to the region’s five military bases keeps demand high for affordable housing, and thereby keeps home values relatively steady.

If you are a recent graduate with a bright future, buying real estate in Colorado Springs may be one of the best moves you ever make.