Excerpt from: New Developments in Colorado's Ski Country
|
 |
| September 24, 2007 | | How the national trend affects the Vail Valley | | When the national trend shows a slowing in the housing market, our clients start worrying what the impact on the VAil Valley will be. First, and foremost, any wise investor knows that limited supply will always mean that housing prices will hold firm, and here in Vail, our narrow valley ensures homeowners that new product will be hard to come by either in this slow year or in the next boom year. On the other hand, that is why we have seen such a run-up in prices, and there just is not anymore land to build on. Last week, Alan Greenspan announced that lower interest rates had fueled the increase in home prices for the past ten years, and we can not argue that point. However, the scarcity of land in this narrow valley will also be a backup support for our market. Bank of America's Monthly Real Estate Survey sites lower traffice as another negative influence on house prices and we can certainly see there has been a slowing in that category. At this moment, anyone trying to sell their home is seeing a slower traffice pattern and now is the perfect opportunity to find bargains here in the Vail Valley. Just call Judd Babcock at Gateway Land to find out where the bargains are and take advantage of a perceived 'slowing' in the national housing market. | |
| |
|
|
Email to a Friend
