Things are looking up, the newpaper is reporting positive news, for example see this article from yesterday’s Durango Herald:
WEDNESDAY, SEPTEMBER 30, 2009
Home prices up in July (AP)
” Home prices rose again in July, a trend that will help ease the foreclosure crisis and slowly rebuild the wealth of millions of American homeowners.
Higher home prices show recession-weary consumers still are willing to take advantage of a deal. Prices had declined for three years before turning around in June. Now, mortgage rates around 5 percent, a tax credit for new owners and low-priced foreclosures have people scouring real estate Web sites, visiting open houses and signing contracts again…. click here for entire article.
Real estate in Durango is looking positive too. Here’s the scoop:
For the week from Sept 23rd to Sept 30th there are increasing real estate sales for Durango and more sales pending. Searching for residential homes (not condo’s or mobiles) in Durango in town and rural, there are currently 529 active listings. There were 7 sales, priced from $247,000 to $620,000, click here to see the sold homes, and there are 49 homes pending a sale, click here for homes under contract to sell.
Now’s the time to buy Durango real estate deals. The interest rates are at an all time low and the first time homebuyer credit is running out at the end of this year (less than 100 days from now).
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Claudia Williams
Owner/Ecobroker/Exchangor
Blue Ribbon Properties
835 Main Ave #214
Durango, CO 81301
970 247 8388 (office)
970 749 3555 (cell)
970 247 8360 (fax)
www.blueribbondurango.com
Check out my blog
The Scoop on Durango Real Estate
www.blueribbondurango.com/blog