What Gonna Happen with real estate?

What is gonna happen in the new year?


Housing, we see 2009 as a period of price stabilization for most markets. One good gauge that home prices are stabilizing in your area is to figure a monthly payment with 20% down and compare that to rents for the same property. If it would actually be cheaper to purchase the home than to rent it - that's a good sign.


Home prices in some markets may still decline some during 2009, but those who make savvy purchases below market value should fare quite well, especially longer term. There's a lot of inventory on the market, which is viewed negatively, and needs to be sopped up before the housing market really turns. But...the inventory in the housing market does make this a fantastic time to be a buyer. Homebuyers will have a strong negotiating stance from the get-go, and are likely to make favorable deals, maybe even a once-in-lifetime deal. Those who buy a home and live in it for the long term will are likely to be rewarded handsomely. Let's face, people need homes. They are not going to start living in tents just because the economy is bad. We predict that consumers will start buying again in the coming year, particularly with attractive home loan rates and many homes to choose from.


Mortgage Rate Forecast ...How low can they go?Early 2009 could very well mark the lowest rates that we will see for the rest of our lives. Think about that. More importantly, your customers should be thinking about that too. We expect interest rates to stay in a range of 4.5 - 5.5%, with the potential to see rates moving toward the higher part of the range later in the year.The forecast for the beginning of the year is important of course, but count on us at to keep informing and advising you throughout the coming year. With so many of your competitors having dropped away, opportunities abound for those who are willing to stay positive and work hard. The question is not who is going to let you be successful . . . it's who is going to stop you. During these volatile and historic times, we're proud to be with you on this journey, and appreciate each of you being part of our family.

CALL ME WITH ANY QUESTIONS AND HAPPY NEW YEAR!


-- Brian BaconGRS GRI ABR MRE

Bacon Ent., Inc.mailto:Inc.bacondenver@gmail.com

303-301-7133 direct

303-905-5002 cell or text

303-736-4093 faxNEW ADDRESS -- We MOVED!!!!!!!!!!12365 Huron St. (SW corner of 124th& Huron)Westminster CO 80234

http://www.bacondenver.com/http://www.housefindercolorado.com/

assistants:

Linda Lowe -- 303-862-4173

Marilynn Crider 303-887-8321 cell/txt