Real Estate has a lot of conflicting reports these days, overall things are on the upswing in Vail, CO
Real estate is improving in Vail Colorado. Gloom and doom reared its ugly head as national real estate sales reports declared a 2.7% drop in August, however, if you read between the lines the data isn’t as disappointing as one would think. The two biggest highlights of real estate sales in August are:
- August sales are up compared with last year, 3.4% compared with August 2008.
- August 2009 had the second highest sales figures of 2009
Hand in hand with the negative news is more positive news, mortgage rates dropped again last week leaving 30 year rates hovering just below 5%. There is still time to take advantage of the first time home buyer tax credit and lobbyists are hard at work trying to get the tax credit extended, as well as amended to include all home buyers.
The reality of realty is that while the recession may be over or nearing its end, recovery does not happen overnight. Vail real estate sales are improving with dips in data here and there. If you would like to get an up to date report on real estate in Vail contact Gil Fancher today, (970) 390-7469.
Click here for more information on August real estate sales and a look at an article recently posted in the New York Times.
Visit www.vailmountainproperties.com for access to the Vail MLS and all Vail Valley Real Estate listings.
Don’t hesitate to call Gil Fancher today at (970) 390-7469, for excellent service and information on Vail Real Estate!
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