It seems like we are all ready for the Fall/Winter real estate slump to be over. Mortgage applications surged in the beginning of January and we are hearing good things from those who have recently listed properties. I’m glad the talk of recession is at bay, but that’s only for the moment. When the market starts to heat up it’s natural to think the trend will continue all year long. However, it doesn’t take a recession for the Colorado housing market to cool down. It tends to happen toward the end of every Summer. That is just our local norm. So let’s get some houses on the market before everyone goes on vacation!
Prime real estate in your own backyard
Forbes.com asked 15 experts which cities/regions show the most potential for gains in real estate. It’s no surprise that #4 includes Denver in its list of cities with positive migration inflow. More people means more demand for housing and stimulates the economy to meet the need. #10 is all about Colorado. Our state has high wages, low office lease rates and relatively low housing prices. All good things for attracting big employers to the area. If you are looking to invest out of state, there are a number of areas around the country that are expected to show strong growth in the near and distant future for various reasons.
QUOTE OF THE WEEK
“TIME IS MORE VALUABLE THAN MONEY. YOU CAN GET MORE MONEY, BUT YOU CANNOT GET MORE TIME.“
See you soon,