Your time to buy a home can be logically assessed

When reading an article entitled, Housing: A time to buy, written by Dr. David Kelly and David Lebovitz, I found these two experts of J.P. Morgan lay out some very well-balanced points of view about today’s market trends.

Four measures of value about whether or not you should buy a home are included in the article:

• Evaluate home prices relative to average household income
• Overcoming the economic malaise by taking advantage of the reduced mortgage rates
• Look at the cost of renting versus the cost of owning
• Do the math when it comes to home pricing relative to the cost of construction

What I took away from this article is that direction about the market may be as important as levels when it comes to buying your Colorado Springs Real Estate home.

Kelly and Lebovitz write (national market perspective – housing inventory is not too high for Colorado Springs), “In the decision to buy a home, as in any investment decision, it is very important to distinguish between levels and changes. Home prices, housing demand and home building are very low, but they all seem set to increase. Housing inventories remain too high, but they are on a downward trend. And while the attitudes of both home buyers and home lenders remain very cautious, they should become less so in the years ahead.”

Feel free to contact Colorado Springs Realtor, Cherise Selley, Active Licensed Broker/Owner of Selley Group Real Estate, LLC or you may contact our group of Colorado Springs Realtors @ www.selleygroup.com or 2139 Chuckwagon Rd, Ste 210 - Colorado Springs, Colorado 80919 - 719. 598. 5101

Portions of this article are written by Gordon, as framed by the expressed opinions of Cherise, but not proofread.