Whether Vail real estate has hit bottom yet or not, there is no mistake that it is a buyer's market
The biggest question hovering around these days is, have we hit bottom? Whether this question be a general question regarding the recession or the real estate market, we have to ask does it matter? Whether we hit bottom a couple of months ago or are going to hit it a couple of months from now, we can all agree that we have had better times and better times are in our future. Whether we have hit bottom or not there is no mistake that it is a buyer’s market when it comes to Vail real estate.
That being said, if we haven’t hit bottom then the bottom must be close. Wouldn’t it be better to buy near the bottom than miss it entirely? Across the Country there are markets that are on their way down, markets that have stabilized and markets that are on their way back up. Whether the market hit bottom a couple of months ago, is at the bottom now, or will hit the bottom in a couple of months, the top of the Vail real estate market is far away.
In Vail Colorado it is a buyer’s market out there. Whether you are looking for a primary residence or a second home it is a great time to invest in Vail real estate. Property values are lower than they have been in years, interest rates are still hovering at 30 year lows and some tax incentives make buying real estate today more affordable than it has been in years. For all we know the Vail real estate market might be more affordable today than it will be for many years to come.
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[...] report shows improvement in real estate across the country, which can only mean good things for Vail real estate. The well known S&P/Case-Schiller index shows that the 10 city index and the 20 city index a [...]
[...] There is great news for Vail real estate, onWednesday the senate passed an expanded tax credit. The First Time Home Buyer Tax credit has been seen as a huge success and its expiration on November 30 has had many feeling nervous about what its end will mean. Those fears can now be put aside. While the bill still has to pass through the House, which it is expected to do next week, is was overwhelmingly approved by the Senate in a 98-0 vote. The tax credit will help those looking to buy their first home in Vail as well as those looking to trade up their Vail real estate. [...]