It seems like everyday bad news is being delivered by the media in one form or another.  Whether it’s adjusting unemployment figures higher, horror stories about the unsustainable national debt, or how we are headed towards another financial meltdown, the bad news never seems to stop coming.  Well, for a change of pace, I have some good news for Colorado homeowners and buyers.  Home sales and prices are trending up! 

Many experts feel the downward economic spiral is highly attributable to the housing crisis.  If the housing market brought the economy down, then the housing market can help bring it back up.  Again, keep in mind, Colorado’s housing market is normally counter-cyclical to th...

With the U.S. budget deficit reaching unheard of levels ($1.4 Trillion for the fiscal year ending September 30th)  it is anticipated that interest rates will soon start rising.  Former Federal Reserve Chairman, Alan Greenspan stated, “I’m very much concerned about the fiscal situation. An increase in long-term interest rates will make the housing recovery very difficult to implement and put a dampening on capital investment as well.”  As proof, Wednesday's auction of the five year Treasury bonds did not go well with investors demanding higher interest rates in order to buy bonds issued by the U.S. Government.  Those demands triggered interest rates on mortgages to rise as much as an eight...

If you are a first-time homebuyer or a homeowner looking to move up or possibly downsize from your current home, the next two months may be the best chance for you to make the move!  The government is still offering the $8,000 tax credit for first-time homebuyers through April 30, 2010.  You don't need to have closed by then, just be under contract.  If you've owned your home for at least five of the last eight years, you too are eligible for a $6,500 tax credit, courtesy of the Federal government if you go under contract by April 30, 2010.  There is no requirement that you even sell your current home, just that you are purchasing a new primary residence. 

Another reason to act sooner ra...