Do you have a "Wish I Would Have" List?

Don't let investing in Durango, Colorado be on your "Wish I Would Have" List!"

I believe the recession is over and that we are at the bottom of the market in Durango, Colorado. Now is the time to buy, not just because interest rates continue to be at historic lows and inventories are at historic highs, but because we only have UP to go from here and by sitting on the sidelines, you may miss the best opportunity you will ever have to purchase property in this incredibly beautiful part of the country.

Here are my reasons for believing the recession is over:

1. The Index of Leading Economic Indicators for the US rose 0.6% in July, for its fourth consecutive gain.

2. Global economies are recovering as indicated by the 33 member countries in OECD which recorded its largest indicator increase in June since inception in 1962.

3. The job market is improving with the unemployment rate easing from 9.5% to 9.4% in June.

4. The stock market has rebounded 50% from its March lows.

5. The Federal Reserve's efforts to stabilize the financial system worked.

6. Bank lending is increasing.

7. Expectations for 2010 economic growth continue to improve. In a recent Wall Street Journal survey, 80% of economists said they believe the recession has ended or will have ended by September.

8. Housing has bottomed. Sales of US homes jumped in July to the highest level in almost 2 years. The Case-Shiller home price index advanced 2.9% in the second quarter.

9. Manufacturing is on the rebound. The Fed has said that industrial production rose 0.5% in July, the first increase in 9 months.

I believe the recession is over. But, no doubt there will be bumps in the road to full recovery. However, I truly believe that you will look back and think that NOW was the time to buy real estate in Durango, Colorado! Don't let it be on your "Wish I Would Have" list!

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.