Facts About Our Market
Media reports continually suggest that housing market trends are downward. Consumers have to contend with various sources of information providing grim details about buying or selling a home in the current economic environment. As a consumer you are left with having to discern what is fact or fiction.
Contrary to popular belief, every housing market is local. Figures and trends vary from state to state and from neighborhood to neighborhood. For example, on a national level, existing home sales were down 17% in 2008. But in the Pikes Peak Region, existing home sales were down only 14.5%.
In our area, home sales and appreciation vary even from neighborhood to neighborhood. It is important that you get the facts, assess your financial status and then talk with a real estate professional - a REALTOR® that you know and trust - to receive the information and advice that you need in order to make a smart buying or selling decision during these turbulent times.