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Colorado Springs Realtor - Cherise Selley - Governing Real Estate Laws

By
Real Estate Broker/Owner with Selley Group Real Estate, LLC

Dirk Zeller, agent and investor and president/CEO of Real Estate Champions discusses three laws which benefit the national real estate industry, including Colorado Spring Realtors who either buy or sell Colorado Springs Real Estate.

Universal and pertinent to Colorado Springs Real Estate, real estate is governed by the law of supply and demand.  According to Mr. Zeller this rule is absolute and without exception.  For instance, whenever Colorado Springs Realtors can actually see the velocity of market sales increase is dictated by supply of - and the demand for - real estate for sale. During the periods of 2002 through the first half of 2006, the Colorado Springs Realtor saw a rapid appreciation and frenzied response of buyers within the Colorado Springs Real Estate market.  As a result, new home builders could not build an adequate amount of new homes fast enough.  This is simply the result of a market condition where demand was literally outstripping supply.  However, things abruptly shifted since then due to our national economic downturn.

Real Estate is governed by the law of cause and effect.  Psychological factors play a huge role within this scenario.  For example, when buyers and/or sellers sense vibrancy within the Colorado Springs Real Estate market, then usually, a positive response follows with increased sales activity.  On the other hand, as we're witnessing today, when bombarded by the news media with all of the reasons to overreact over our slumping economy, then languishing sales usually prevail.

History repeats itself within all financial markets.  Just as former world historian Oswald Spengler purports that history repeats itself, Colorado Springs Realtors have seen the web and flows of the Colorado Springs Real Estate market for many years.  In fact, many Colorado Springs Realtors believe that there are cyclic changes every seven years.  Periods of rapid real estate appreciation are typically followed by some lulls in which home values undergo a process of stabilization/correction.

The key about all of these governing laws is knowledge, whether equity position purchases are being made on assumption, gamble or from relative prudency.  Feel free to contact www.selleygroup.com for more information about Colorado Springs Real Estate.

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