Colorado Springs Realtor - Cherise's Blog: August 2010

Some Economic Comments about the Colorado Springs Real Estate market

From the perspective of this Colorado Springs Realtor, it’s highly doubtful if President Obama has anything of girth to say about the sagging national economy in his message this evening, besides extending middle-class tax cuts.

To me, one of the most important components about our economy to address still hinges on the housing market. When the housing market makes a comeback, everything else will follow. Likewise, if the housing market keeps slumping, so will everything else, especially consumer confidence.

This is apparent in light of the fact that it’s estimated that business corporations now have the cash reserves to invest, but are quite hesitant about the well-being of the US economy. And when businesses hold back, so does the individual consumer.

While belts are fastened, there is still some positive information to report about the Colorado Springs Real Estate market. Fewer Springs homeowners are upside-down on their mortgages, according to Zillow. Also, median single-family home values dipped 1.9% in June 2010, to $193,700, which is minimal from last year. This slight decline shows that Colorado Springs has fared better than other regions in the United States, still showing stability regarding the housing market.

Fabulous listing inventory, great deals and unusually low interest rates are just a few of the prime factors to consider about purchasing a home before the conclusion of 2010.

To purchase Colorado Springs Homes, feel free to contact our Colorado Springs Realtors at Selley Group Real Estate, LLC: 2139 Chuckwagon Rd, Ste 210 - Colorado Springs, Colorado 80919 - 719. 598. 5101

Portions of this article are written by Gordon, as framed by the expressed opinions of Cherise, but not proofread.

Comment balloon 5 commentsCherise Selley • August 30 2010 06:11PM
Some Economic Comments about the Colorado Springs Real Estate market
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