Colorado Springs Housing Inventory Has a Dark Side

What is “shadow inventory” and how is this going to impact home values in 2010? These are properties that are not yet currently on the market but potentially will be coming to market in 2010. Such properties include:

* houses taken overby banks and mortgage companies

* houses where the loans are at least 90 days delinquent (over 99% of these will become distressed properties that will be up for sale)

* houses whose sellers have waited for the market to improve






According to a recent Standard and Poors report, the existing foreclosure inventory pales in comparison to the number of homes about to come to market as distressed properties. In fact, the number of homes that are about to become distressed properties is 31 times greater than the number of homes currently on the market in that category!!

These liquidated properties provide the market with a supply of homes for sale. Home prices directly reflect the relationship between the supply and demand of properties for sale. Prices will remain level if a comparable increase in demand accompanies an increase in supply. Otherwise, an increase in supply will result in a decline in prices to attract demand.







Jay Carden
RE/MAX Properties, Inc.
Search the Colorado Springs MLS

Colorado Springs Semi-Custom Home

Jay Carden | RE/MAX Properties, Inc | 719-322-4939 5855 Drifter, Colorado Springs, CO Stucco in Sierra Ridge with 3 Car Garage and Custom Deck 4BR/4BA Single Family House offered at $299,900 Year Built 1999 Sq Footage 2,996 Bedrooms 4 Bathrooms 4 full, 0 partial Floors 2 Parking Unspecified Lot Size 6,050 sqft HOA/Maint $20 per month DESCRIPTION Beautiful semi-custom home. Features include: Hardwood flooring, custom 2 tier Trex deck, patio, kitchen island, designer painting, built-in's, 5 piece master bath. Other custom upgrades include tile roof, 3 car gargae, stucco, all appliances, walkout finished basement. Enjoy the master retreat with extra sitting room and 5 pc bath with a huge soaker tub. Great city views and private parks and pool. Amazing house in a great area, rare find. Hurry this one will go quick. see additional photos below PROPERTY FEATURES - Central A/C - Central heat - Fireplace - High/Vaulted ceiling - Walk-in closet - Hardwood floor - Tile floor - Family room - Living room - Office/Den - Dining room - Dishwasher - Refrigerator - Stove/Oven - Microwave - Basement - Washer - Dryer - Laundry area - inside - Yard COMMUNITY FEATURES - Swimming pool(s) OTHER SPECIAL FEATURES - 3 Car Garage - Stucco and Tile Roof for Easy Care - Custom Trex 2 level Deck - Covered Patio - Community Pool ADDITIONAL PHOTOS Photo 1 Photo 2 Photo 3 Photo 4 Photo 5 Photo 6 Contact info: Jay Carden RE/MAX Properties, Inc 719-322-4939 For sale by agent/broker Equal Opportunity Housing Posted: Oct 29, 2009, 5:55pm PDT

Jay Carden
RE/MAX Properties, Inc.
Search the Colorado Springs MLS

Ft. Carson House For Sale, Remodeled!!!

Jay Carden | RE/MAX Properties, Inc | 719-322-4939 4705 Endicott Dr., Colorado Springs, CO Colorado Springs Home For Sale, Remodeled, Close to Peterson AFB, Ft Carson Real Estate 3BR/2BA Single Family House offered at $169,900 Year Built 1978 Sq Footage 1,498 Bedrooms 3 Bathrooms 2 full, 0 partial Floors 2 Parking 2 Car garage Lot Size 6,595 sqft HOA/Maint $0 per month DESCRIPTION Ft. Carson Homes For Sale Colorado Springs Homes For Sale Welcome Home to your completely remodeled 3 Bedroom 2 Bath 2 Car home. This is your dream home. The kitchen includes New counters, New Appliances, Cabinets and a Large Pantry. Entertain guests in a formal living room with a HUGE Bay window. Large Rec. Room with a wood burning fireplace and wood floors for cozy evenings. Remodeled baths including new vanities, shower/tub and Tile Floors. Vinyl windows for low heating bills in the winter. A formal dining room to welcome your guests for your next party. Amazing new landscaping with mature trees, Flowering bushes, and wonderful green grass. Covered patio for your next BBQ and an enclosed Dog run for your 4 legged friends. Close to Schools, Shopping, Ft. Carson, Peterson AFB. Call today to have a tour of this great home. Call for Special Financing. All For the Low Price of $169,900 see additional photos below PROPERTY FEATURES • Central heat • Fireplace • High/Vaulted ceiling • Hardwood floor • Tile floor • Family room • Living room • Dining room • Dishwasher • Refrigerator • Stove/Oven • Microwave • Washer • Dryer • Laundry area - inside • Balcony, Deck, or Patio • Yard OTHER SPECIAL FEATURES • New Kitchen • New Bathrooms • Large Private Yard • Close to Ft. Carson ADDITIONAL PHOTOS Photo 1 Photo 2 Photo 3 Photo 4 Photo 5 Photo 6 Contact info: Jay Carden RE/MAX Properties, Inc 719-322-4939 For sale by agent/broker Equal Opportunity Housing Posted: Jul 2, 2009, 3:27pm PDT

Jay Carden
Colorado Springs MLS
719-322-4939

Lower Mortgage Defaults, BUY or Sell Today

Lower Amounts of Mortgage Defaults in Colorado

We are now ranking 20th out of the 50 states for people that are more than 2 months behind in their mortgage payments.  This is great!!!  The number of people who are late in paying is 3.38 percent up from 2.56 percent last year.  This means that about 97% of everyone with a mortgage is paying on time. 

This should cause the foreclosure rate to stabilize and bring prices back up.  The national average of defaults was 3.96 %, making Colorado 15 percent better than nationally.  The worst states, FL 7.8% and NV 7.7% are still seeing declines in market value.  

So you ask what does this mean for me as a buyer or seller in Colorado?  It means as a seller your home value has stabilized.  As a buyer, this means that you can find a great price on the home of your dreams.  This is a great time to look at financing a home as well.  The 30 year mortgage rates fell again this week to a rate about 5.5%.  

All markets are localized and the Colorado Springs Market is rebounding and here is more proof that we are at the bottom of the market.  Now is the time to make the move.  Rates are low, supply of homes are high, and the fundamentals are strong.  Call me today to see homes that fit your needs.

Jay Carden

RE/MAX Properties, Inc.
Search the Colorado Springs MLS
719-322-4939

HUGE Price Reduction, 7 Acres 175K.

Jay Carden | RE/MAX Properties, Inc | 719-322-4939 19180 Ramrod Dr, Peyton, CO Home on the Range with Amazing Views with 7 Acres For your Horses and other Amimals 3BR/2BA Single Family House offered at $175,000 Year Built 1987 Sq Footage 1,080 Bedrooms 3 Bathrooms 2 full, 0 partial Floors Unspecified Parking 1 Car garage Lot Size 7 acres HOA/Maint $0 per month DESCRIPTION $15,000 Discount!!! NEW Paint and NEW Carpet. Home on the Range with Wagon included. Great piece of property for horses & all the toys to enjoy these 7 acres. Seven Outbuildings include a fully powered shop, garage, sheds, dog run, and chicken coop. Privacy is included by mature trees. Views of the mountains from Pueblo to Denver. New kitchen with pecan cabinets/new appliances. Home has central air conditioning, and propane generator backup. Owned 1000 Gallon Propane tank is included . Fully fenced including driveway gate. Come live the good life on your own piece of heaven. Free MLS Search Enter to Win Free Gas see additional photos below PROPERTY FEATURES Central A/C Central heat High/Vaulted ceiling Family room Dishwasher Stove/Oven Microwave Laundry area - inside Yard OTHER SPECIAL FEATURES 7 Outbuildings Views of the Front Range New Kitchen 7 Acres zoned for Horses Fully Fenced Whole House Generator and A/C ADDITIONAL PHOTOS Seller contact info: Jay Carden RE/MAX Properties, Inc 719-322-4939 For sale by agent/broker Equal Opportunity Housing Posted: Nov 3, 2008, 1:49pm PST

Foreclosure Deals In Colorado Springs

Time to Invest in Colorado Springs Real Estate
Tons of Deals!!!

The time has never been better to invest in Real Estate. The huge
numbers of foreclosures is at a all time high in Colorado Springs.

• Buy high quality homes


• 60 cents on the dollar


• Rent to Own options for Buyers


• Over 25 Homes daily


• Fully Inspected


• Easy Financing Terms


• $7500 First Time Home Buyer Credit

Get a free List of homes daily to your email for FREE!!! Click here to sign up

Jay Carden

RE/MAX Properties, Inc.

Your Colorado Springs Realtor

719-322-4939





Check Out a sample of these Homes. Call today to see these and other fine homes!!!





$46,000 2/2, 860 sq. 80916







$130,000 3/1/2 1446 sq 80915







$126,000 3/2/1 1882 sq 80911







$171,000 REDUCED 3/2/2 1902 sq 80918 D20 Schools














Jay Carden
Search the Colorado Springs MLS
719-322-4939