Posted by: Keith Robinson Real Estate | January 18, 2011

More Positive Signs for Housing

The single most asked question I get as a Realtor is, “how is the market?”  I’ll be the first to admit that as much as I read about real estate and try to understand the market, the answer to that question over the past two years has been a bit of an uncertainty.  The economic experts seem to provide conflicting reports on the state of our economy and that makes it difficult to have confidence when answering the real estate question. 

One thing is clear; the number of positive articles, blogs, and economic forecasts have slowly been rising over the last six to nine months.  It is refreshing to hear more and more good news about job growth, GDP growth, and most importantly (in my opinion) is consumer confidence.  It is obvious that some areas, like Michigan, are still very severly affected by job losses which has compounded the housing downturn.  Some areas will be in recovery mode for years to come. 

The good news for us in the Colorado market is that we have been on the front end of the housing recovery since it started.  We did not have the high increases in home prices when other parts of the country were soaring with 15+% increases per year.  Because we did not have the artificial jump in prices, we did not have as far to fall when the market turned.  

I’m a big fan of stats and I’ll be posting the year end stats for 2010 very soon.  Until then, here is another article by an expert that has some good stats included.


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