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Recent Articles of Interest
The Wall Street Journal, Vacation Homes: Why it May be Time to Buy, July 23, 2011
The Wall Street Journal, Why It's Time to Buy, June 4, 2011
Reuters, Rules for Jumbo Mortgages to Change This Year, April 25, 2011
USA Today, For the Wealthy, Luxury is Back, February 20, 2011
Wall Street Journal, Home Affordability Returns to Pre-Bubble Levels, February 8, 2011
Investopedia, 10 Reasons Real Estate Could Rebound in 2011, December 24, 2010
Wall Street Journal, The Jumbo Mortgage Comeback, November 6, 2010
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.”
Outside Magazine, Beat The Train #33 on the 2010 Life List - featuring Durango
Wall Street Journal, 10 Reasons to Buy a Home, September 15, 2010
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)
Denver Business Journal, Worst Over for Colorado Housing Market, August 25, 2010
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.
Market Watch, Lowest Rate on 30 Year Fixed Rate Mortgages Since Records Began, June 24, 2010
Wall Street Journal, Time to Storm the Castle, March 27, 2010
Wall Street Journal, A Good Time to Buy? Yes, But No Need to Rush, March 27, 2010
Wall Street Jounal, 10 Best Places to Buy Second Homes, March 10, 2010 (If you can't afford any of these, I know an even better place.)
CNN/Money, Nab a Real Estate Deal While You Still Can, March 2, 2010
Forbes, Real estate will be an attractive bet for both sophisticated and novice investors in 2010, December 28, 2009
Wall Street Journal, Latest Home Price Data Is Good News for Buyers, December 29, 2009
Business Week, If You Don't Buy a House Now, You're Either Stupid or Broke, December, 8, 2009
National Association of Realtors, Nine Consecutive Gains in Pending Home Sales, December 1, 2009
Bloomberg, Wealthy Investors Plan to Buy More Real Estate, Barlclays Says,
November 30, 2009
Washington Post, October Existing Home Sales Jump Record 10.1 percent, November 23, 2009
Business Week, Business Outlook - A Housing Recover with a Solid Foundation,
October 29, 2009
CNN/Money, Existing Homesales Rebound to Highest Level in Two Years, October 23, 2009
CNN/Money, What Housing Bust? Most States Posted Home Price Gains, October 21, 2009
The New York Times, A Bounce? Indeed. A Boom? Not Yet, October 10, 2009
The Wall Street Journal, Yes, the Housing Market Has Rarely Looked Better, September 2009
National Association of Realtors, Pending Home Sales on a Record Roll, September 1, 2009
Business Week, Now's the Time to Buy Your Dream Home, August 26, 2009
Bloomberg, Existing Home Sale in US Jump to Two Year High, August 21, 2009
Money Magazine, Homes Still Affordable, Really Affordable, August 18, 2009
Wall Street Journal, Eoncomists Call for Bernanke to Stay, Say Recession is Over, August 12, 2009
National Association of Realtors, Second Quarter Existing Home Sales Rise, August 13, 2009
Business Week, Where the Real Estate Market is Already Bouncing Back: Historically, the West coast is a real estate trendsetter and as sales there increase it suggests the rest of the country may soon follow, July 24, 2009
USA Today, What the Latest Data Shows: Recession Likely to End in September, July 28, 2009
NAR: Existing Home Sales Rise Again, July 24, 2009
Forbes, Experts Say Now is the Time to Buy, July 23, 2009
Realtor Magazine/AP, Investors Drive Foreclosure Prices Up, July 23, 2009
Realtor Mag/Business Week, Housing Experts: Now is a Perfect Time to Buy, June 22, 2009
Realtor Magazine, California Home Prices Rise in June, July 22, 2009
Realtor Magazine, Sinlge Family Home Prices Rise in May, July 17, 2009
Business Week, Housing Signs of Life, April 2, 2009
Realtor Magazine, Six Websites that Make Decorating Fun, August, 25, 2008
Wall Street Journal, Recession? Not So Fast Say Some, May 14, 2008
Money, Now's the Time to Hunt for a Vacation Home, March 12, 2008
New York Times, Your Second Home: Renting Out Ski Condos, November 30, 2007
USA Today, Mother Nature: Raising healthier kids, November 18, 2007
New York Times, Home Away: The College Second Home, August 21, 2007
Bank Rate.com, How to Negotiate Your Closing Costs, August 9, 2007
Realtor Magazine, Tips for Renting Out a Vaction Home, August 2, 2007
New York Times, The Best Time to Sell a Vacation Home, July 18, 2007
Realtor Magazine, Housing Bounces Back: Here are the Signs, June 8, 2007
National Association of Realtors, Places Where Americans Live the Longest, June 4, 2007
Wall Street Journal, Buying a Retirement Home Decades Before You Retire, May 29, 2007
National Association of Realtors, Vacation Home Sales Rise to Record, Investment Sales Plummet in 2006, May 17, 2007
National Association of Realtors, Green-Home Buyers Are Affluent, Educated, Married, March 28, 2007
National Association of Realtors, 12 Most Distinctive US Destinations as Listed by the National Trust for Historic Preservation, March 26, 2007 (included Durango)
NY Times, Home Away: Closing Up for the Summer, March 29, 2007
Bankrate.com, 20 Steps to Get the Best Deal on a Home in 2007, March 21, 2007
WSJ, Economy Can Withstand More Mortgage Foreclosures, March 20, 2007
WSJ, Using the Web to Find Information Your Realtor Won't Tell You, March, 16, 2007
Bankrate.com, Real Estate Guide 2007, March 8, 2007
NY Times, Havens: Ridgway Colorado, March 2, 2007
Builder Online, Growth in Western States Outpaces Rest of USA, February 27, 2007
Kiplinger, Boom in Second Homes Purchases Attributed to Tax Benefits, March 1, 2007
National Asssociation of Realtors, Going Green Appeals to Second Home Owners,
February 28, 2007
CNN/Money, Home Buying: Buy Now? Or Wait for a Price Drop, February 22, 2007
NY Times, The Psychology of Pricing, February 17, 2007
WSJ, How Good are Zillow's Home Price Estimates?, February 15, 2007
Golf Digest, How Much Golf Home Can You Afford, June 2006
Conde Nast Traveler List of Top Twenty Ski Resorts, 2006
NY Times, Keeping a Home Secure from Afar, February 2007
Southwest Colorado Winter Guide, Winter 2006/2007
CNN/Money, Choosing the Best Mortgage Now, November 2005
Bankrate.com, How to Buy a Second Home, August, 2005
NY Times, Figuring the Tax Benefits of Renting, November 2006
Ski Magazine, Residence Clubs, Spring 2006
Smith Travel Research, Fractional Ownership Trends, October 2006
Bankrate.com, 8 Tips for House Hunters on Vacation, 2005
Robb Report, Durango - Where the Smart Money is Buying, January 2007
Practitioners Publishing Company Tax Planning for Vacation Home Owners, 2005
IRS Publication 936, Home Mortgage Interest Deduction, for 2006 Taxes
IRS Publication 527, Residential Rental Property, for 2006 Taxes
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