After some blustery days last week. We are having some gorgeous sunny weather. Come on up and enjoy it.
OK, about the sales. Some recent tidbits of national business news from the week that helps me sleep at night. Just a highlight though, these numbers can give me a headache.
After analysts were projecting that new home sales would fall again, September posted an almost 5% gain. Since August sales were at an 11 year low, hopefully this means the market is making a gain upward. Unemployment claims fell by 8,000 last week too. Nationally the median price of homes rose 2.5% from August numbers too. These recent announcements coupled with the reasonable interest rates gives Realtors cause for hope of a return to more normal market conditions. The feds are anxious to keep things moving along and may cut the federal funds rate before the month is over.
The Estes Park year-to-date total sales volume is up from last year by 8%. And IMO it’s a Buyer’s Market. Estes is a hard market to buy into especially when you are coming here from the Midwest. I personally think there are a lot of bargains out there.
Have a great week!
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