Last week I posted an article by Jon Gordon about trust. I trust that Colorado Springs Real Estate will be fine. I am putting on a seminar next Thursday the 6th about the State of the Market and Investing in this economy. Luke Anderson of First Bank and Robert Moyers, attorney will join me in sharing ideas to make money in this economy.
While preparing for this seminar I accessed the Pikes Peak MLS and PikesPeakfacts.com and found stats that show we are stable and starting recovery. Since June, inventory has been dropping while sales have been consistent. The average home price has been steady in the $200-210,000 range. Interest rates are low, even for investors. Kevin Bent of WR Starkey quoted a flat 6% today.
Like Warren Buffet, I believe in real estate and its future worth. I trust that values will come back. Prices over the last 20 years are up 70%. Instead of fear and hiding, invest in the local market. It will reward you.
Thanks,
Brian