Brand new listing in the "Carriages at Jackson Creek"
15539 Maple Creek Drive is located in the south part of Monument in The Carriages at Jackson Creek. Monument is located about 10 minutes north of Colorado Springs. Jackson Creek is on the east side of Interstate 25 from the Air Force Academy in School District 38.
The main level of this home features a great room concept with a huge kitchen, large family room and dining room. The master is located on the main level along with a study. This is a great layout for entertaining.
The large gourmet kitchen has plenty of counter space with “Corain” counter tops, upgraded cabinets and stainless steel sink.
The living room is open to the kitchen. There is a built in entertainment area which makes this a great space for entertaining or watching TV.
The Master Bedroom is located on the main level and attaches to a spacious bath suite featuring a large walk in closet, double vanities, a large tub and separate shower. The lower features a large recreation room with 2 bedrooms and a full bath. There is also plenty of storage.
This home has plenty of amenities including:
Main Level Living
Hardwoods on the main level
Great location, near schools and shopping
See for yourself, take a look at this "Property Video"
15539 Maple Creek Drive is located in the south part of Monument in The Carriages at Jackson Creek. Monument is located about 10 minutes north of Colorado Springs. Jackson Creek is on the east side of Interstate 25 from the Air Force Academy in School District 38.
The main level of this home features a great room concept with a huge kitchen, large family room and dining room.The master is located on the main level along with a study. This is a great layout for entertaining.
The large gourmet kitchen has plenty of counter space with “Corain” counter tops, upgraded cabinets and stainless steel sink.
The living room is open to the kitchen. There is a built in entertainment area which makes this a great space for entertaining or watching TV.
The Master Bedroom is located on the main level and attaches to a spacious bath suite featuring a large walk in closet, double vanities, a large tub and separate shower. The lower features a large recreation room with 2 bedrooms and a full bath. There is also plenty of storage.
Considering a jump into the real estate market? Our favorite local site has video of local neighborhoods, educational tips for buyers and sellers, and cutting edge search tools. One of the great aspects to living in Colorado is that it is pretty easy to find a house with a view of the mountains. Sellers are interested in quantifying a view as a part of their asking price and buyers aren't sure what they would really pay for a great view. Check out our advice on the topic. There are some pretty consistent guidelines for consideration of view and its impact upon price. Looking for a different way to catch up on relevant real estate topics? Check out real estate radio sponsored by the National Association of Realtors. The range of topics is broad and the guest speakers vary.
This week's wrap up reports that the weekly average mortgage survey is showing interests are moving in an upward trajectory closing the week at 5.05% for a 30 year fixed rate mortgage and the 15 year fixed rate mortgage is 4.4%. Concern continues about what is the best way to stem the future risk of inflation by making money too expense while balancing premature pops of activity as demonstrated by investors. A recent nationwide study showed that over 60% of all purchases under $225,000 are made with cash requiring no financing. In this price bracket, individuals with cash are investors who subsequently take out a loan against their recent cash purchase. The Federal Reserve Board announced this week that rates would remain relatively low for the foreseeable future. As the federal purchase program slows in just a few weeks, the rates are widely expected to continue inching upward.
The American Banker's Association reports the lowest number of mortgage applications hitting a 13 year low. Credited for the drop is the move of 30 year interest rates above 5%; a mental roadblock for many homebuyers. Historically, the current rates are still phenomenal! To stay abreast of local trends and real estate activity consider visiting one of our neighborhood sites. At a neighborhood site, listings specific to that area are available and users can sign up to receive monthly reports. Check out a sample…
The S&P/Case Shiller Home Price Indices released the latest numbers February 23 amid a choppy economic environment. When the markets opened Thursday, February 24, gloom was abundant due to a slew of economic data being released that didn't make anyone feel better. Higher than expected jobless claim numbers and lukewarm durable goods seem to indicate that businesses are not increasing spending and are continuing in contraction. This is the backdrop against which the latest Case Shiller numbers were released. The decline continues to improve in terms of rate; a national rate of -2.5% December over December. This is a vast improvement over double digit loss seen the last couple of years for comparative numbers. The Case Shiller numbers lag about a month so these numbers are ending December 31. Miami, Phoenix and Seattle have left the double digit decline arena and posted losses in the single digits leaving only Detroit, Las Vegas and Tampa in the double digit loss zone. Denver showed a 1.2% gain; the highest gain of 4.8% was seen in San Francisco. According to Robert Shiller, the Yale University economist, the market fell 11% in the first half of the year only to gain 5% during the second half of the year. The data continues to indicate bottom has been hit and we will continue to bounce along for a while.
In the most recent QUE (Quarterly Updates and Estimates) by Fred Crowley, Senior Economist with UCCS, all signs are showing continued stabilization of the local Colorado Springs economy. The QUE demonstrates through the BCI or Business Conditions Index the state of the local economy and indicates future performance. The indicators making up the BCI include single family and town home permits, new car sales, employment rate, foreclosures, ES202 employment and ES202 wages and salaries. The QUE reports that the new construction permit activity are up through December 31, 2009; this activity is actually down 25% from three years ago. Also, monitoring the vacancy rates in the local market ...
We have just listed this home on the westside of Colorado Springs. This 3 bedroom, 2 bathroom home features over 1,800 square feet and is listed for $200,000.
This home is at the heart of all the west side has to offer from hiking and biking to restaurants and shopping. This 4-level home features warm, contemporary colors. Features include: solid surface countertops in kitchen, pellet stove in basement, Roof and Water heater replaced in 2006,updated lighting, large pantry on lower level, new shelving throughout the lower level, newly Xeriscaped front yard, fenced back yard, added insulation in the attic. Trail access is nearby.
This week's wrap-up begins with the survey of average mortgage interest rates across the country. The average 30 year fixed mortgage dipped back below 5% to end the week at 4.97% with an average of 0.7 points down. The 15 year fixed mortgage also fell a bit to 4.34% with 0.6 points down. According to the Mortgage Bankers Association, 69.7% of all mortgage activity is refinance of existing sales. To check out the latest listings that have come on the market, check out Springshomes.com
Locally, the real estate market numbers ending January 31, show that the overall market has 6 months of inventory. During the month of January...
The 2010 Colorado Springs Real Estate market is officially underway! There are a lot of numbers and indicators about the market and what 2010 holds for us locally as well as nationally.
Wrapping up the first week in February, mortgage interest rates rose above 5% ending the week at 5.01% for a 30 year fixed rate. Keeping this rise in perspective, the 30 year rate was 5.25% one year ago. Fifteen year rates are at 4.4% compared to 4.92% one year ago. To obtain the rates, an average of 0.5 point to 1 point is required. Rates are quite stable for the time being. The Mortgage Bankers Association reports that...
I was videotaping the exterior of one of our new listings on Saturday morning when a couple pulled up and asked if they could take a look at this home for rent?
I asked where they saw it for rent, knowing our clients wanted to sell, as they already have their new home picked out. When they replied “Craigslist”, I had a strong hunch we were being used as scam bait…we were!
This post brings to a close the first month of a new decade in real estate. The stories getting the greatest attention this month, from the consumer perspective, are questioning the stats and wondering what is really happening. Until the current recession most people personally and professionally involved in real estate would hear the market is up and were happy about it. Not many questioned how it was determined that the market was up and if the numbers demonstrated this was sustainable. Now, folks are wondering...
Springs Blog prefers to focus on the status of the regional market with the national market as a backdrop because the influence of national factors varies. While mortgage availability and Federal tax credits have substantial influence on the Pikes Peak market, the activity in Alabama or Michigan has virtually no influence. The Case-Shiller numbers ending November 30, 2009, demonstrate that point exactly. Starting closer to home, Denver has...
Average mortgage rates continue their decline this week closing at 4.99% (30 year fixed). The week ends each Thursday for data reporting. One year ago, 30 year rates were 5.12%. For 15 year mortgages, rates are averaging 4.4%. The Mortgage Bankers Association reports that mortgage applications are up a little better than 9%, year over year.
On Wednesday, the FHA announced that, in response to increasing mortgage default numbers, lending requirements are being significantly tightened. The new guidelines take effect this summer. Borrowers with credit scores below...
First time homeowners intending to e-file a 2009 tax return to quickly get that homebuyer tax credit in the bank that much faster, have been forced to grab a book of stamps. The attempted fraud surrounding the First Time Homebuyer Tax Credit has been so rampant that the IRS is forcing the capture of this credit occur via paper returns using snail mail. The forms to be used are numbered 5405 and have just been released. The change requires additional documentation demonstrating legitimacy including driver’s license, proof of residency and a signed mortgage statement.
The last week has been rather quiet in the real estate world as many are preparing for the holiday season. The 30 year mortgage rate rose to close to 5% in response to the increase on Treasury rates. Treasuries increased following economic news and political pundits raising the emotional tenor of the healthcare debate. According to the Wall Street Journal,...
This week saw a fall in average interest rates falling to a 38 year low, a 10% jump in activity and continued Federal pressure on mortgage companies to modify troubled home loans.
Interest rates, according the Fannie Mae survey, for a 30 year fixed rate mortgage (average 0.7 point down) are at 4.71% and 15 year fixed rates (average 0.6 point down) are at...
In an attempt to sustain the momentum of the 2009 home buying season, the U.S. government has passed legislation which expands the 2009 First Time Homebuyer Tax Credit to existing homeowners. The intent is to stimulate the middle tier of the residential real estate market. Hopefully, homeowners will find the tax credit enough of a stimulus, in addition, to the stabilizing broader economy to trade up their homes.
Can Colorado Springs measure up against a recent barometer the Wall Street Journal published about predicting home value stability and increase? (http://www.smartmoney.com/personal-finance/real-estate/6-signs-your-home-will-increase-in-value/?hpadref=1) The key indicators, according the WSJ article include unemployment rate, rising incomes, declining foreclosures, declining inventory, shrinking list to price ratios, and decreasing sales price. Let's break it down...
This week has been primarily the dissection and understanding of various legislative action upon first time homebuyers, military buyers and home builders. Last week we covered the expansion of the First Time Home Buyer Credit; this week we will look at the impact it has upon builders.
For a long time, credit has been critical to new home industry since construction loans are instrumental to most new builds. As the broader economy fell into disarray...
The last week has been rather quiet in the real estate world as many are preparing for the holiday season. The 30 year mortgage rate rose to close to 5% in response to the increase on Treasury rates. Treasuries increased following economic news and political pundits raising the emotional tenor of the healthcare debate. According to the Wall Street Journal,...
The smartest trend in building construction, whether it be residential or commercial, is focusing on "net zero" or "near net zero" energy consumption. Net zero refers to a buildings energy usage equaling no more than it either produces or can sell back to the local energy company. Nearly 40% of all U.S. energy consumption is thanks to buildings through heating, lights, air conditioning, and miscellaneous electrical usage.
The Air Force Academy has announced its commitment to reach net zero energy use...
Those knowledgeable about the real estate market have been nervously watching numbers over the last couple of quarters. The uptick seen in the residential market this year has been met with cautious optimism that the worst may be over but the true measure would be fourth quarter activity as the real estate season slows and the major impact of the First Time Home Buyer Credit has passed. Additionally,...
This week saw a fall in average interest rates falling to a 38 year low, a 10% jump in activity and continued Federal pressure on mortgage companies to modify troubled home loans.
Interest rates, according the Fannie Mae survey, for a 30 year fixed rate mortgage (average 0.7 point down) are at ...
In a nod to active members of the armed forces, certain provisions have been included in the latest extension of the homebuyer credit. Military members who serve at least 90 days outside of the United States during 2009 and 2010, are allowed to extend the benefit one year meaning that they have until May 11, 2011 to contract on a primary residence. According to Military Relocation News, more than 350,000 families will be eligible to participate in the Service Members Home Owners Tax Act. This is very important to the Colorado Springs and El Paso community since so many of the residents are active military .
First American Core Logic reported this week, that a staggering 23% of homeowner’s nationally are in a negative equity position on their mortgage. Colorado fares better than the national average at 19% There are currently 1,126,882 mortgages in the state with 214,436 in trouble. Another 87,272 are in danger of negative equity. Faring better than states such as Nevada (74%), Arizona (47.9%), Florida (44.7%) and California (34.7%), Colorado is running in the middle of the pack. CSBJ reports that Colorado’s foreclosure rates are dropping.
As always, Springsblog is here to present the facts with a no-nonsense approach to the commentary. You have come to expect this! So, let's begin close to home with Denver...
