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Don't Believe Everything You See & Hear

By
Real Estate Agent with eXp Realty

We might as well just buy our graves sight's now.  If you are a property owner or plan on being one in the not too distant future, you may be seeing all the negative headlines and saying to yourself, "I'll just wait and see how things shake out".  The negativity, in my estimation, is more fiction than fact, particularly in Colorado.  We have not seen the appreciation like the rest of the country has and because of this we still get grouped into the rest of the country- statistically.  Oftentimes, perception is reality and I am willing to go on the record, we (Coloradoans) are primed to have our own "boom".

Several key indicators give me the right to be bold about my "boom" prediction.  1) job growth, it seems that several of the tech companies are hiring again, 2) commerical real estate starts, look around, everywhere you look is another "start" and many are already pre-sold or pre-leased, 3) interest rates, still ridiculously low (as of today they were in the low 6% range, a 6 month low), and 4) we live in a beautiful area with plenty of things to do.  When we combine all of the factors listed above, it is just a matter of time before we have more businesses checking us out.  Our economy, our business friendly state, our educated work force and the enjoyment that comes from living in a place that offers so much beauty and ample things to do for any lifestyle.  Did I mention the weather? 

We are a diamond in the rough and  on the verge of becoming the only state that will not feel the pinch of the other states that have seen dramatic appreciation rates (or is it depreciation rates?).  We have been humbly "plugging away" going about our business.  It's our turn, the pump is being primed........

Comments (2)

Renée Donohue~Home Photography
Savvy Home Pix - Allegan, MI
Western Michigan Real Estate Photographer

Amen!  Each market is unique and there is NO such thing as a national market. 

The undervalued/overvalued market reports are bogus, with that being said.  I blogged about this just the other day!

The media reporting that "list" prices are falling when the actual indicator should be "sale" prices.

The media, once again, creates it's own self fulfilling prophecies while the buyers sitting on the sidelines waiting for prices to slide, may be missing out on the opportunity of a lifetime with low rates and high inventory. 

We are in the now!

Dec 01, 2006 12:01 PM
Steve Hewson
KW Commercial Real Estate, LLC - Denver - Denver, CO
Denver Metro Comnulll Real Estate
Doug,  I totally agree. As real estate agents, we are constantly asked about how the real estate market is doing here in Colorado.  We have lagged behind the rest of the country and have experienced slow job growth, foreclosures, companies moving to other states or to other countries, overbuilding of new homes, and on and on.  Now we have good job growth, low unemployment, low energy prices, low interest rates, and a slowing of residential building.  Now is the time for investors and homebuyers to get in at the low prices.  In my opinion, those who buy in the next one to two years will have the opportunity to experience excellent equity growth.  Those who wait will be playing catch up with the prices.
Dec 01, 2006 02:19 PM