News: "Health of the Real Estate Market"

It seems like there are articles written everyday by real estate newspapers and magazines that keep slamming the state of the economy and I just glance over it and do not put any more thought into the piece, however, this article by RealtyTimes really captured the national economy right. <full article>
Most of these articles blame the economy and the national debt issue, or that the summer heat is too hot, but not this one.  The author, Carla Hill, really dug deep and cited the Federal Reserve chairman Ben Bernanke and found the most important issue that has stunted the recovery of the market.  That stunt is not a heavy burden, but instead a common element in home buying that has been around since the housing market came about, and that element is a 'down payment'.


Yes, the biggest road block to the housing recovery right now is the 'down payment'; it holds the key to a recovery.  The issue at hand is potential homebuyers do not have funds to make a down payment and from a national survey, 82% say that is the largest obstacle in buying a home.  This is troubling news to hear, because homes have more affordable rates now more than ever. 
                    *for the entire article look HERE*


BOULDER:  For my Boulder followers, we have a different tale, the real estate market here has not been affected to the degree as most of the country, and comparatively we are in the 95percentile for best housing markets.  So do not feel down, we are doing fine.  If you have any questions or concerns, feel free to contact me.