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October 2009 DID YOU KNOW???

by Team Cook

Did you know???

  • A recent analysis of locally owned homes between 910 and 1,149 square feet appreciated 4.5 percent. Homes between 2160 and 2,874 square feet lost 5 percent of their value and homes with more than 2,875 square feet fell 10.45 percent.  

 

  • Jeff Thredgold, an economist for Vectra Bank Colorado. Emphatically, Thredgold said "The Great Recession' is no more. It's over, finished, kaput!"

 

  • Lawrence Yun, the NAR's Chief economist, said the housing market "has decisively turned for the better."

 

  • According to the Commerce Department, bookings for durable goods in July climbed 4.9 percent, which exceeds the forecasts as well as achieves the largest gain since July of 2007.

 

  • According to the American Institute of Economic Research, Fort Collins ranked among the top small college cities in the United States. In its "College Destinations Index 2009-2010," the AIER evaluated categories such as academic environment, quality of life and professional opportunities.

 

September Market Update

by Team Cook

For the first time in five years, existing home sales have increased for four months in a row, according to an August report by the The National Association of Realtors® (NAR). Existing home sales - including single-family, townhomes, condominiums, and co-ops - increased 7.2 percent in July, which is the largest monthly sales gain recorded since 1999. Analysts are projecting an increase in 2009 of existing home sales to a seasonally adjusted annual rate of 5.24 million units, which is 5 percent above the 4.99 million-unit pace set in July 2008.

"The housing market has decisively turned for the better," said Lawrence Yun, chief NAR economist. "A combination of first-time buyers taking advantage of the housing stimulus tax credit and greatly improved affordability conditions are contributing to higher sales."

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Team Cook Real Estate Services
The Cottage Realty Ltd.
908 Mountain Avenue
Berthoud CO 80513
970-532-2695
Fax: 970-532-2699

"I have truly heard and seen first-hand that Cottage Realty is wonderful, exemplary, and a real asset to the economy of Northern Colorado. I will definitely keep Cottage Realty in mind as my first choice if and when I have real estate needs in the future. Again, thank you so much. I will also refer you to friends and family who need your services. Sincerely...Stacy"