Where do you think we currently fall on this graph?
Somewhere between Panic and Depression? Inching toward Hope judging from Denver real estate’s showing activity in the past 14 days?
Too many buyers will wait until we pass Hope and head into Optimism. That may be the right time to move homes, but it won’t be the time for maximum return on investment.
Homeowners should remember that their primary residence is first and foremost a place to live, raise the family, make memories. Second - it is an investment. Investors looking for rentals, or an extremely well-calculated fix and flip, this appears to be the time of maximum value to make that purchase.
There is too much mattress money out there waiting on the sidelines. Loans are available, and homes are plentiful. Get off the fence, don’t be paralyzed by Depression.
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