Your Trusted Real Estate Advisor

Do you notice the same thing I do when I scan these headlines from a new website dedicated to the real estate market in Denver?  Three respected Colorado companies (a title company, a real estate legal firm, and a lender) tapped former Rocky Mountain News writer John Rebchook to report on the local real estate market.  These are just a few of Rebchook's recent headlines:

Denver-area foreclosure filings rise, sales drop, in October
Experts worry another wave of foreclosures will hit Colorado
Foreclosure filings rise in Colorado
Denver-area apartment permits down 85 percent
Housing slowdown not evenly distributed in Denver area
Are we at the bottom yet? 
Denver-area home permits lowest on record 
Denver bucks housing trend

What I notice is a mixture of both good and bad news.  This is consistent with what I hear from other sources as well.  Some aspects of the real estate market are positive, while others are negative.  Some commentators are optimistic, others pessimistic.

In a way that adds up to good news.  Everyone knows the market has not turned around and headed up in a sharp recovery.  Yet, the mixture of some good news and some bad news says to me that we have hit bottom, or are at least close to it.

Turn-arounds don't happen overnight.  They have to flatten out before they can go up; and the plateau is usually a series of smaller ups and downs.  That is, some positive and some negative.  When the time comes that the news is all positive, it will be too late to get the best bargains.

So, if you have been thinking about buying a home, isn't now a good time to see what is available?  Call me.  I'd love to hear what you think.  303-284-3609.