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What is the market like? Are we heading for a housing slump?

17. November 2007 by JoeMoon.

Everyone asks this question? What is the market like? Are we heading for a housing slump? I am convinced that the media’s push to sensationalize the news has the public has the general public scared and confused. The Denver economy is strong. Take a look at the following articles I pulled from the National Association of Realtors newsletter. What are your thoughts about the housing market after reading them?

Modest Recovery for Existing-Home Sales in 2008
A modest recovery for existing-home sales is expected in 2008 as the impact of the credit crunch subsides, while pending home sales indicate near-term stability, according to the latest forecast released at the National Association of Realtors Conference & Expo.
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Report Says 2007 will be the Fifth Best Year on Record
In 2002, home sales set a new record at just over 5.5 million, and three-quarters of metro areas showed price gains over the previous year. At the time, home buyers were confident that the real estate market was strong and healthy. In 2007, existing-home sales are forecast to be about 5.5 million, and two-thirds of metro areas showed price gains last quarter. Both 2002 and 2007 show strong sales, and homes continue to prove a good long-term investment. But this year, public perceptions are different.
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Posted in economy, Denver Real Estate, market, Sellers, Investors, Buyers, Real Estate | No Comments »

Hello World

17. November 2007 by JoeMoon.

Hello Everyone!

It is with great anticipation and hesitation that I dive into the blogging world. This is new and untested. I look forward to growing with the blog and getting more sophisticated ….. or maybe less sophisticated. Either way, I am dedicated to providing you with the most up to date information pertaining to the Denver area real estate market and the local and national economy that affects us. Please feel free to ask questions or simply comment on the topics that will be posted here by clicking on the “ask a question” tab at the top of this page. I am committing to updating this blog 2-3 times per week and will have guest professionals who are entrenched in the Denver area real estate market contribute from time to time.

I hope you will find this to be a site that you will benefit from and visit often. Please feel free to make suggestions as to how to improve this site.

Thanks.

Posted in Site specific | No Comments »