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Colorado Springs, Colo.
Median home price: $220,000
Drop since market peak: 12%
Forecast gain by 9/2012: 2.9%
Demand for homes is still strong in Colorado Springs, according to Chris Mygatt, president of Coldwell Banker Residential Brokerage Colorado. The area’s economy has been steady, thanks to the stabilizing effects of government jobs, especially connected with the Air Force Academy and military bases.
Demand for housing has grown along with the population. That rose more nearly 17% from 2000 through 2009, faster than the national average of just over 9%.
Mygatt credits the Springs’ popularity to the mild, four-season climate, natural beauty and proximity to the cultural and entertainment attractions of nearby Denver.
Affordability is a big factor as well. You can buy a fine, three-bedroom, two-bath house in a good neighborhood for about $230,000. Those prices will remain flat this year, according to Fiserv’s forecast, and pick up in 2012, rising 3.6% in the 12 months ending Sept. 30.