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In the last two weeks, we've received 35 inches of snow, so if you're looking to get steep and deep, Crested Butte should be your destination.
POWDER DAY!!!
wooowhoooo!!
It's a POW day at purg, with 8" of new snow, 3" after the lifts stopped turning Thursday, and a 52" base. Come enjoy some of the best conditions around, and more snow is forecast!
Come ski the difference with short lines and low prices.
3-Day Women’s Camp with Olympians Deb Armstrong and Caroline Lalive, Feb. 7-9th. Steamboat.com/womenscamp
Today: A 40 percent chance of snow. Mostly cloudy, with a high near 36. North wind around 5 mph. Tonight: A 20 percent chance of snow. Mostly cloudy, with a low around 16. East wind around 5 mph becoming calm.
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A gift from the federal reserve
It is not often that low mortgage rates coincide with low house prices, the condition that exists today in this country.
When mortgage rates are high, they tend to keep house prices from rising because it becomes too financially onerous to finance the house.
When interest rates are low, it tends to stimulate demand for houses, pushing up the prices.
But we are in an unusual situation today! The housing bubble which burst in 2008 caused not only a massive oversupply of homes across nearly the entire country, but it also precipitated the worst recession in over 50 years.
The Federal Reserve, in response, cut interest rates sharply and despite the fact that the recession has officially been over for two years, it continues to keep rates low.
It is trying to allow home owners to refinance their mortgages at more favorable rates. However, the issue is complicated by the fact that many home owners now have mortgages that exceed the value of their homes. The Fed has stated that it will keep rates low for at least another 18-24 months, hoping that time as well as a resolution to thorny banking regulation issues will result in existing mortgage owners lowering the carrying costs of their debt.
Buying a house in this market is as good a time as you may find in the next twenty years to do so. Mortgage rates are lower than they have been in well over 50 years. House prices appear to have ceased falling (for the most part) but have not yet started to regain any significant momentum. This window of opportunity will not likely be around for more than a year or two. That may seem a long time, but once rates start to creep up again, this golden moment will be gone for years, maybe even decades.
And, while it may seem counterintuitive, when rates start to rise again in the next two years, so will house prices. The bursting of the housing inflation bubble resulted in damaging deflation, but as the economy rights itself, and employment improves, so too will house prices.
On a 30-year mortgage of $200,000, the difference between an interest rate of 3/5% (what one can get today) and 6.0% (the rate that is more like what it would be without the Fed’s intervention) is a total of $108,364. That’s more than 50% of the value of the house. Pass along the gift...
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The Ottawa Beach Area is located five miles west of Holland Mchigan. Ottawa Beach is bound by Lake Macatawa (Black Lake), Lake Michigan and Mt. Pisgah.
This resort community was developed in 1886. Ottawa Beach in Holland Michigan is a unique combination of forested dunes, Lake Macatawa shorelines and fine sand beaches. Cottages shelter a vibrant community where residents and visitors can relax with friends or explore the walks, dunes and waterways.
Prices for properties typically range from $250,000 to $1 million and are between 1000 and 5000 square feet.
CLICK HERE FOR OTTAWA BEACH AREA PROPERTIES CURRENTLY FOR SALE
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The Ottawa Beach area in Holland Michigan is made up of primarily Cottages and Single Family Residences.
The following attractions and activities are readily available while in the Ottawa Beach Area:
Ottawa Beach, Holland Michigan
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Holland Michigan Neighborhood Searches- I am rolling out Neighborhood searches on my website starting this weekend.There are approximately twenty Holland Michigan Neighorhoods up and running and more coming out daily.
Friendly neighborhoods, great schools, beautiful parks and myriad cultural activities are just a few of the highlights you'll find here. If you're not familiar with the area, you may be surprised at exactly how much this city has in store for you.
Search by Neighborhood
Holland Michigan Home Buyers – We hope that our website's neighborhood search engine and information will help you to choose between the many great neighborhoods that are available in the Holland and West Michigan Area.
Links comming soon!
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
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