Foreclosure rates, which influence the number of Colorado Springs homes for sale, are a telling indicator of the relative health of the city’s real estate market. According to an August 13, 2009 article found in the Colorado Springs Gazette, the rates of foreclosure in El Paso County, the county in which Colorado Springs is found, are considerably below some other comparable cities. The piece, written by Rich Laden, found that “A report on Colorado foreclosures sends mixed signals about conditions in the Pikes Peak region. El Paso County fared better than several large metropolitan areas in the first half of the year when it came to the rate at which  homeowners in foreclosure were losing their properties, according to a report released Thursday by the Colorado Division of Housing.”

Ultimately, the report revealed that El Paso County experienced a single foreclosure for every one hundred and ninety one households. In a possibly divergent opinion, an article published in the August 7, 2009 edition of KOAA News, found in Colorado Springs, found a local economist that believes that the recession is over. It stated that “After months of bad news on the economy, there’s finally something good to report. A new report suggests the recession is likely over in Colorado Springs.” An August 6, 2009 article published as a blog in the Realty Times found that “Colorado Springs home sales statistics show sales up 6.8% from July of 08, a major increase from the prior year.”