First Quarter Numbers of 2010

It will be interesting to see how the tax credit incentives shake out by the end of this month.  There certainly is a busy hum with buyers trying to meet the deadline.  Properties need to be under contract by April 30, 2010 to receive the first time home buyer credit of $8000 and $6500 tax incentive if you are purchasing and it isn’t your first time to purchase.

Perhaps Investors will start showing themselves after the April 30, 2010 date ready to scoop in on some great buys.  Lenders seem to be loosening up their purse strings to allow more Investor loans, but just a slight loosening, nothing to lead you to believe the banks are ready to completely open their pocket books (my Grandma used to always say pocket book) to consumers just yet.  Let’s be honest though, it’s those banks that are a bit selfish with their funds and qualifications that seem to be left for future use in the industry. 

The Grand Junction Area Realtor Association reported 351 residential sales in the first quarter of 2010.  A slow start was highlighted with a more active ending of the quarter.  Out of the 351 sales, 6% of those sales were for properties selling above the $400,000 mark.  The hot part of the market was below $300,000 reporting the lions share of 86%.  60% of the total sales were in the $150,000 to $299,000 price range. 

The buyers are active, they have certainly come out of our cold winter hibernation, let’s hope for the industry’s sake they continue to stay active after the incentives go away.  Even without the incentives, it is a great time to buy.  Two years ago there were few properties below the $200,000 thresh-hold and now it’s a vital part of the market.  Interest rates still hover at an incredible low percentage.  The question is…..How long can that go on?  In my opinion, that’s why it continues to be a perfect buying climate.  Low interest rates and great pricing for buyers.

The Milyard Team is here to serve you.  RE/MAX continues to report the highest percentage of listings sold hovering right around that 25% mark.  You want to be knowledgable when you enter the market, go with the brand you know……RE/MAX 4000.

For information on this article or regarding RE/MAX 4000, please contact me. 

970-241-4000.   

Until Next Time,      Toni Milyard  RE/MAX 4000 Broker/Owner

Your Best Days?

WHERE ARE YOUR BEST DAYS?

Are your best days behind you or are they yet to come?  Personally, I believe they are yet to come.  Of course there have been many wonderful times and memories of date, but there are so many possibilities yet to come.

We have to maintain focus.  Focus on staying positive and living each day with a great attitude.  We don’t know what the future brings, but we can each day plan with optimism. 

What do you believe about the industry?  Do you think it’s a good time to buy?  What do you think about the future?  Do you think your best days are behind us?

The industry has always been a moving target.  One thing is certain and that is we need shelter.  The ability to enjoy home ownership is still an American dream.  For many, this is the perfect time to buy.  The market is seeing a glimpse of holding its own and moving out of a downward trend.  A perfect time to buy in regards to interest rates and there are still many options to keep the investment into the purchase minimal.  As the market trends upward, don’t look back and wish you would have taken advantage of the low interest rates and lower home prices. 

Don’t take my word for it.  Be educated about the market.  Utilize the knowledge of your professional Realtor. Are you ready to purchase a property or are you ready to sell a property?   The Milyard Team with RE/MAX 4000 is equipped with a vast knowledge of what is happening with the real estate industry.  We track the number of showings each week and maintain a focus on the absorption rate of the existing properties on the market.  These are just to name a few of what The Milyard Team will do to maintain a pulse on the market to better serve our customers and clients.

So……I pose the question again, what do you think about the future? Do you think your best days are behind you?

We are experiencing interesting times for sure.  Exercising positive thinking and feeding a positive attitude are essential.  We CAN do EVERYTHING better!  As a culture we certainly can be more grateful.  We are the most powerful nation.  We still have a country filled with entrepreneurs.  These are not the worst of times. 

The best of days are ahead of us.  Pour yourself into your lives.  Keep informed.

Until next time……  Toni Milyard  RE/MAX 4000  Broker/Owner

I can be reached at 970-241-4000  120 W. Park Dr. 200  Grand Junction, CO  81505