Another Downturn? Most likely not.

Well, not as bad at least. What caused the 1st downturn? Jobs? Or was it the consequences of sub-prime lending? Both, among other things. Some factors remain the same, ie, jobs, but the sub-prime lending practices are gone and equity is returning. So, that means the consequences have already been felt, for the most part. I am not ignoring the fact that more foreclosures are still looming, but not in the same way that we have seen lately. Yes, we will still have high inventories until the banks clear out the “shadow inventory” left over from the sub-prime debacle, but the worst is behind us on that front. As the economy slowly returns, so will buyers and the inventories will drop again. We should see a pretty normal market for a while after that as the new lending practices maintain a healthy flow of investment money. When? who knows, but at least we have learned our lesson.
Make sure you visit my website for more real estate info.
http://coloradohomesalesonline.com/

About Jeff Hansen, Realtor in Colorado

Search for homes here; www.jeffhansen.remax.com for FREE. Licensed Real Estate broker with RE/MAX Professionals at 10135 W. San Juan Way, Littleton, Colorado 80127. I have been a Realtor Since 1992 and provide Free Real Estate Advice Realtor in Littleton, Colorado and the Metro Denver Area, A Real Estate investment company focusing on the buyers and sellers of homes, also including fix and flips and rental properties, Listings and all sales of realty. (303)794-4530 Disclaimer I will not receive any compensation or take on any liability because of any conversation on this or any related web page w/o any written brokerage agreement. And there will be no relationship actual or implied because of any conversation on this or similar pages. No written agreement, therefore. AND Differ from state to state, so check your state's rules.
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