15 Reasons to Buy a Home in Colorado Springs
1) Home prices tumbled to their lowest level in more than 3.5 years in Colorado Springs.
2) Interest Rates are at or below 4%, close to a 40 year low.
3) Forbes magazine picks Colorado Springs as one of the Top 10 Cities in the U.S. "Where prices are likely to rise".
4) Smart Money magazine (The Wall Street Journal magazine of Personal Business) picks Colorado Springs as #6 in it's “Top 25 Markets to Rebound”.
5) Kiplinger New Letter's “Best Cities to Live, Work and Play” picked Colorado Springs as it's #5 choice.
6) The 2008 Edition of “Cities Ranked and Rates” rates Colorado Springs as the #4 Best Choice.
7) Colorado Springs ranked #38 out of 100 U.S. cities to attract 25-34 year olds. Denver came in #59.
8) A Homeowner will pay no taxes on the gain of the primary residence in the year of the sale, if the capital gain is less than $250,000 for an individual or $500,000 for a married couple filing jointly.
9) Certain Homebuyers may now deduct the cost of private mortgage insurance associated with their loan.
10) Homeowners may deduct the interest they pay on their mortgage.
11) Homeowners may deduct the real estate taxes they pay every year on their homes.
12) Colorado Springs has been removed from consideration as a “declining market”; which means it will be easier to finance purchases.
12) In the year of the purchase of the homes, the buyer may deduct the cost of the loan origination fee, discount points and prepaid interest.
13) Currently the Troop Level at Fort Carson is approximately 18,000. That level is anticipated to go to 28,000 by the end of 2011.
