Market Price still going down and it is a great time to buy in Colorado.
Market Price is still going down for nearly more than half of 287 Cities Nationwide
I was reading an article today very interesting that According to MSN Money House prices are down in 147 of 287 cities Government provided that information and there are some speculations what will happen with the market or where the market is heading according to some researchers / expert in the field.
Prices in some areas are still sinking and in some others are sinking fast, that's not new, still this is a great article that you should read.
Here is a small part that I took from the Significant HPI findings from the Office of federal housing Enterprise Oversight. If you want the full report, click it here and get it on PDF.
"The states with the greatest rates of appreciation between the third quarter of
2006 and the third quarter of 2007 were: Utah (12.9%), Wyoming (11.8%),
Montana (7.7%), New Mexico (7.4%), and Washington (7.0%). The states
with the largest depreciation for the same period were: Michigan (-3.7%),
California (-3.6%), Nevada (-2.4%), Massachusetts (-2.3%), and Rhode
Island (-2.2%). "
Please read the complete news / report here
It means that Buyers in Colorado can invest in a great inventory of homes for sale today with a lot of savings, according to a seminar that I took from First American Heritage Title some statistics that they gave us Colorado is in 8th place in Foreclosures, It does not mean that Colorado is getting better overall, but it means that some other states are starting to sink more and faster for first position with more Foreclosures Nationwide and they are worst than Colorado now.
;)
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