Hey all, Hope this finds you doing well. You know I was to the breaking point of negative news articles about the shape of the economy nationally and here locally in Denver and the Front Range. As I see it, from a housing perspective, things may not be that terrible here in the region. Now I know folks are in a pinch and a job may be a need for you right now. I just went through a layoff the 1st of January so I kind of understand the immediacy of the situation. As it were, an article from the Rocky Mountain Newspaper spoke to me from an unusual angle. Toward the end of the piece it was revealing the statistics of the amount of homes on the market currently. That number is around 19,000+ homes. To put some perspective to it we HAD 35,000(+-) homes a few months ago.
I found that information to carry some intrigue. The last time we had that few homes on the market was 2001. At that time here in Denver we were seeing signs of change (slowing down) on the horizon for real estate. 1999 had early indicators of change and early 2000 was even more so when the tech market to a bit of a dive. Denver was 2nd most hit next to San Francisco. At any rate we were of the common talk that having "20,000 homes on market" would be a noticeable shift from a (then) sellers market, to a more balanced market where neither buyer or seller had the advantage.

That being said, what changed. It's all too obvious to belabor. The economy is at a bit of a challenge. You've had your fill on the network and other news outlets telling you this.. Mine is but to look at this thing as an optimistic REALTOR. I see the fewer homes numbered as an early indicator that we may be prime for a shift. How can we explain that many homes off of the market. Investors buying up the foreclosure inventory and in many cases multiple offers driving the price of property up a bit. It has also been said by a PEW report that Denver, by a 43% vote, is a great place to live. This info is cool and encouraging. I do hope this trend continues.
Bottom line? If you are going to buy a home you may want to get your hide into a trusted mortgage person and see what holds bare for you as far as lending goes. As for this agent I must say that truly there has not been a better time to acquire a home for such a bargain basement price and rates at near bottom. I am optimistic about these numbers and look forward to doing my part to help with this turn around.

Hey, thanks for taking a look at this and God be with you...