Don't be fooled.

I just wanted to throw out some information regarding Colorado Springs and the real estate market. I was down at the PPAR office the other day and was looking at some stats that I think you all need to know. As of now (in Colorado Springs), the market change from last year is only -.076 percent. That’s right! -.076 percent! One thing that everybody needs to understand is that the media rarely advertises the positive. Unfortunately, we as a society seem to only take interest in what is wrong rather than with what is right. Have you ever been in one of those really long traffic jams only to find out that’s there was an accident on the side of the road that everyone was stopping to look at? It’s funny, you never hear about a traffic jam caused by people startled by the beauty of Pikes Peak do you? Newspapers, magazines and news channels all know this. You are much more likely to pick up an article because of a major disaster being reported on or a story on a major economical issue. Here are the facts that I know. Lending practices will never be the same and that’s a good thing! In my opinion, some lenders were being very predatory in their lending practices. On the flip side, people were being very irresponsible with the facts and how much they could really afford. President Bush is launching some measures to counter some of the effects of these practices but in reality it will only really impact a few individuals (http://video.msn.com/video.aspx?mkt=en-US&brand=msnbc&vid=d229e8ba-b8f2-4d22-a252-715931131f12) if you go off of the data, you will realize that you can sell your house as long as it is well maintained and priced effectively. The goal is to be IN the market not just ON the market. If you’re a buyer you will most definitely not see these kinds of deals on the market for quite some time. The inventory is there for your picking! Buying a house is one of the single most important things that you can do to further your financial status. If you need some powerful words from somebody who has been teaching it for quite some time, pick up a copy of David Bach’s “The Automatic Millionaire Homeowner.” It will change your perspective and give you further proof that not only how you should buy a house but rather how you NEED to buy a house.