Explore Colorado Springs Homes

Last year, 27% of first-time home buyers received a financial gift from relatives or friends that they applied toward a down payment on a new home — up from 22% in 2009, according to data from the NAR. It’s important to follow the IRS and banks’ gift-giving rules, including:
1. Home owners still need to come up with at least some of the down payment on their own.
2. You may need to document where the down payment money came from.
3. If you’ve had the gift for a long time, you likely won’t need to document it. If the gift has been in your bank account for three months or longer, it’s considered “seasoned”.
Read article:

http://realtormag.realtor.org/daily-news/2011/12/20/beware-down-payment-gift-giving-rules

Springs listed among best housing markets for 2012 – The Colorado Springs housing market will stage a turnaround in 2012 and become one of the nation’s best, according to a national forecast by Builder Magazine. The Springs ranks No. 7 on Builder’s Top 20 list of healthiest markets the magazine is projecting for next year. Their projections use Moody’s Economy.com data, which focus on jobs, price appreciation, population growth and other factors that drive housing. Read article:

http://www.gazette.com/articles/springs-127343-list-markets.html