November 18th, 2008
Perhaps you haven’t seen the articles by Smart Money and Forbes that put Colorado Springs in the top 10 cities to rebound the quickest from the national real estate malaise. Yes, it is true that during 2008 a lot more homes are going unsold than are sold and for those that are selling it is taking longer than even a year ago, but many would-be sellers ARE finding renters when their homes don’t sell.  2008 hasn’t been a great time to put your home on the market if you DON’T have to sell, but it looks like we may be turning the corner in Colorado.
I’ve attached 2 links to KOAA so that you can get the latest local news. For those buyers who are sitting on the sidelines or who are putting in offers way too low for sellers to accept, your window of opportunity may be closing. As we all know, increased demand causes prices to go up. Inventory is being reduced now, so when the local market turns around, it will probably do so in a way that makes sellers and homeowners very happy as their equity increases because of demand. Everyone gets their turn for a good deal as markets change.
Click on the link below for the video. The second link takes you to the KOAA website.
 http://static.koaa.zope.net/includes/video/480×400_zope.swf?id=x1949200974Â