How can you have not jumped into the housing market? What is stopping you? Do you think the housing market will still drop another 10-15%? Are you waiting for interest rates to go lower? What are you thinking? I really would like to know.

The Colorado Springs housing market is loaded with good buys. I just saw a home on Straggler Drive drop $40,000. Another on Rushford dropped $20,000. Still another in Briargate listed $30,000 below market. Buyers, most sellers are getting it. They are understanding that there is lots of competition. I just listed a home on Antietam Drive in Pine Creek for only $272,650. Check it out a home in Pine Creek for under $300K. Or how about a home that I listed on Whiskey River for $50,000 less than they paid. I even have another home on Lazy River that could have sold in 2006 for $280,000. We just listed it for $259,000. What about rates. I just got a quote from Kevin Bent of Cherrywood Home Loans for 5 5/8% on a 30 year fixed mortgage. Chief Economist Robert Bernanke said he is lowering rates.

If you are trying to time the market when it hits bottom you may miss it. It is better to make offers and hedge your offers. I believe we are at bottom and have flattened out. The Colorado Springs MLS still showed a .9% increase in prices. That’s a very sure sign of flattening.

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Thanks and Happy New Year!

Thanks,
Brian