Colorado Second Home

A resort real estate network

Home
About Us
Testimonials
Articles and Information
Economic News
Tax Information
Chris' Blog
Chris' Articles
Lenders/Other Services
Mortgage Calculators
Mortgage News
Search Colorado Listings
Projects and Listings
Community Resources
Rental Resources
Colorado Contract Info
Weather and Snow Report
Contact Us
1031 Exchange Info
Recent Articles of Interest
 
 
MSNBC, New Home Sales Rose 6.6% Last Month, Above Forecasts, October 27, 2010  There is a shocking statistic in this short article about available US housing inventory being at a 42 year low. 
 
Bloomberg/Business Week, Pending US Sales of Existing Homes Increase 4.3%, October 4, 2010, Quote:  "Housing is “bouncing along the bottom, unable to gain any traction, but with little reason to believe it’s going to go any lower,” said Eric Green, chief market economist at TD Securities Inc. in New York. “All of the froth has been eliminated from the bubble and all we need now is for confidence to turn higher and job growth to accelerate.”
 
 
 
Huffington Post, Colorado Real Estate:  Which Regions Had the Highest Rise in Average Home Value Since 2000?, August 25, 2010  (Western Slope and Mountain Resort areas were the clear winners.  Durango qualifies in both categories)
 
 
CNBC, High-End Home Sales Getting Boost from Low Jumbo Rates, August 12, 2010

 

Reuters, Mortgage Rates Hit Record Lows, August 5, 2010

Note:  A 1% rise in interest rates is generally equivalent to a 10% increase in the cost of a home.  Even if you think we're not at the bottom yet in prices, we're certainly at the historic bottom in interest rates.  Those who wait may be able to tell their friends they got the best deal by a few more thousand dollars, but their real interest cost will make waiting a poor financial decision.
 
 
 
 
 
 
 
 
 
National Association of Realtors, Nine Consecutive Gains in Pending Home Sales, December 1, 2009