The Sunday Denver Post has a business section taken from the WSJ. I read it carefully each week. Yesterday there was a fairly positive article on our housing market. It was believable - not pie in the sky positive. Well worth the reading if you have access. Points I took from it are:
*Home prices have become affordable
*Folks with lots of cash are buying real estate
*Expect to buy and hold - prices won't come back quickly
Monday, February 28, 2011
Thursday, February 17, 2011
February 2011 in Loveland
February in Loveland has always been a fun month. Ever since I was a kid, I have enjoyed the big deal we make about our Valentine remailing program. This year February has had new and exciting happenings to add to the normal festivities.
First and foremost is the excitement created by the very real possibility that Loveland could be chosen for the home of the business park being coordinated and driven by the Colorado Association for Manufacturing and Technology (CAMT). If Loveland is chosen, this endeavor would be located on the old HP campus and now lovingly referred to as the ACE Park (Aerospace Clean Energy). What a shot in the arm it would be for all of us to see this happen. To tell you the truth, I think it is a shot in the arm even if another site is chosen because the project has been the catalyst for out community to get serious about economic development.
Secondly, I am a supporter of the Rialto Bridge project and it also received it's approval to move forward. Our old theater is beautiful and it deserves the improvements planned next door. I think the town will really use the new space and I like the partnership idea - Community Foundation, City of Loveland, Individual Owner.
As a real estate broker in northern Colorado for many years, my opinions on economic development are considered suspect. Truth be known, I mostly deal with the same families year after year and generation after generation. I love our sleepy little town but I am realistic enough to know that if we want jobs for our kids and grand kids we must work to provide jobs and an interesting place to live. What fun to see what happens.
My story is long today so I will close. Springtime in the Rockies is right around the corner and I am ready.
First and foremost is the excitement created by the very real possibility that Loveland could be chosen for the home of the business park being coordinated and driven by the Colorado Association for Manufacturing and Technology (CAMT). If Loveland is chosen, this endeavor would be located on the old HP campus and now lovingly referred to as the ACE Park (Aerospace Clean Energy). What a shot in the arm it would be for all of us to see this happen. To tell you the truth, I think it is a shot in the arm even if another site is chosen because the project has been the catalyst for out community to get serious about economic development.
Secondly, I am a supporter of the Rialto Bridge project and it also received it's approval to move forward. Our old theater is beautiful and it deserves the improvements planned next door. I think the town will really use the new space and I like the partnership idea - Community Foundation, City of Loveland, Individual Owner.
As a real estate broker in northern Colorado for many years, my opinions on economic development are considered suspect. Truth be known, I mostly deal with the same families year after year and generation after generation. I love our sleepy little town but I am realistic enough to know that if we want jobs for our kids and grand kids we must work to provide jobs and an interesting place to live. What fun to see what happens.
My story is long today so I will close. Springtime in the Rockies is right around the corner and I am ready.
Tuesday, February 8, 2011
'CASH BUYERS LIFT HOUSING'
This morning's Wall Street Journal carried a front page headline of 'Cash Buyers Lift Housing.' I really listen up when monied people start taking action -- on anything. Of course, folks with solid bank accounts make mistakes; but, in general, they make more smart moves than the rest of us. Making smart moves helped get them into the financial situation they enjoy today.
The jist of the article was that these folks are betting that home prices are at or near bottom. Who knows? The piece refers to states that have experienced much greater high and low extremes than Colorado - especially Northern Colorado. Our real estate market has suffered, but at a different level.
Reading this piece caused me to think back over the last 6 months, and I think more than a typical number of my closings have been cash transactions. I hadn't really zeroed in on that before.
What do you think?
The jist of the article was that these folks are betting that home prices are at or near bottom. Who knows? The piece refers to states that have experienced much greater high and low extremes than Colorado - especially Northern Colorado. Our real estate market has suffered, but at a different level.
Reading this piece caused me to think back over the last 6 months, and I think more than a typical number of my closings have been cash transactions. I hadn't really zeroed in on that before.
What do you think?
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