Sometimes the overwhelming attention to the "Bad News" overshadows some of the Good News that really is out there. For instance, did you know that the National Association of Realtors has recently announced the third straight month of pending home sale have increased nationally. Does this mean our economy is out of the woods? Probably not, but it does signal that we may be moving in the right direction.
You might also be interested in this Good News that doesn't get much press time:
*30% of American home owners have NO mortgage!
* Of the 70% who do have a mortgage, over 96% ARE NOT in foreclosure.
*It is a very small percentage of homes that are in default.
I continue to see the Good News in our Durango market for buyers:
1. We have lots of inventory for buyers to choose from.
2. Interest rates continue to be at all time lows.
3. Pricing is extremely competitive.
If you are a buyer, we suggest you take advantage of this great opportunity, and beware of the risks of trying to "time" the market. Remember, a 1% increase in interest rates is equivalent to a 10% change in value!!
If you have any questions, please do not hesitate to contact me. You can reach me, Don Ricedorff, at The Wells Group 970-375-7014, don@frontier.net, or at my website at durangorealproperty.com. Don Ricedorff is a licensed real estate broker in the State of Colorado, with 16 years of experience, and he resides in Durango Colorado. He has numerous real estate designations, which have provided him with an unparalleled education to assist his clients. The designations include:
CRS, Certified Residential Specialist
CRB, Certified Residential Broker
CCIM, Certified Commercial Investment Member
CDPE, Certified Distressed Property Expert
ABR, Accredited Buyer Representation
GRI, Graduate of Realtor Institute
RSPS, Resort and Second Home Property Specialist
CIPS, Certified International Property Specialist
SRES,Senior Real Estate Specialist
He is also an active volunteer in the community and his church. His highest aspiration is spending time with his wife, Janet, and his three children Kelly, Katie, and Kyle. His other interests include playing tennis, fly fishing, hiking, boating, and water skiing.
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