January 29, 2009

So we’ve made it into 2009. Everywhere I go these days I run into at least one person who asks me, “How’s the market? What’s in store for 2009?� We are seeing some positive signs of a turnaround for 2009. Here in the office, amongst my colleagues, even with clients, there is a renewed sense of optimism.

• Mortgage applications are off the charts, especially for affordable homes
• Mortgage rates are hovering at 50-year lows
• Inventory in homes has tapered off by approximately 19% in Denver compared to this time last year
• Plus, we are not paying near as much at the gas pumps, or for retail goods, or autos!

Judging by the increased volume of calls into our office, I’m guessing that most of you are realizing that this might just be the perfect time to invest into real estate. The media is beginning to reflect this realization as well. Two new national indexes that measure real estate risk — and buying opportunities — came out last week, and they offer some geographical pointers for investors.

Denver is among the LEAST RISKY – Read the Full Story At:

http://realtytimes.com/rtpages/20090123_investorreport.htm

For those of you who are ready to jump on some great opportunities, here are 3 fresh deals on the market:

Address — Apprx. Value – List Price — Opp. – Opp % — Owner Paid
6160 E 61ST AVE Commerce City — $78,100 — $46,900 –$31,200 — 66.52 — $134,545
1022 S CANOSA CT Denver — $75,046 – $39,900 – $35,146 — 88.09 — $75,000
1116 EMPORIA ST Aurora — $98,358 — $49,900 – $48,458 — 97.11 — $129,000

Cheers to a wonderful 2009!

Luana Clay
Buyer and Investor Specialist
720-341-6588
luana@mynewera.com

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