Anne Mayberry

The op ed piece by Nicholas Kristof of the New York Times yesterday speaks to the importance of not losing touch with nature. (see "How to lick a slug " http://www.nytimes.com/2009/08/02/opinion/02kristof.html) His essay takes me to the conclusions of my recent discussions in buying resort property, particularly in Steamboat Springs, Colorado and the Yampa Valley area. One of the important attribites of investing in real estate is not only real, but intrinsic value of such property, or intangible value, if you will. If you were to weight the reasons to invest in Steamboat Springs, love of the outdoors and Steamboat lifestyle would have to rank high in your thinking, aside from the purely financial analysis of investment. There are incredible investment opportunites in real estate currently, but if you weight intrinsic value into the equation, you will be hard pressed to find better value than Steamboat Springs in the Rocky Mountains of Colorado! Anne Mayberry For more info call me or email

Forbes magazine recently wrote "Sadly, someday this recession is going to end". The president's Council of Economic Advisors and the Federal Reserve now believe that recovery will begin sometime in 2009. With that in mind, Forbes published its' list of ten things to buy prior to the impending economic improvement. Guess what item was at the top of the list? If you guessed housing...you got it! If you don't have it, now is time to "get it". As Forbes further states, "for those feeling bold enough to bargain shop, opportunities abound!"

There are 3 key factors in providing this home buying apocalypse:

1. According to the S&P/Case Shiller US National Home Price Index, fourth quarter 2008 prices were down 25% from the same period of 2006.
2. Congress passed an $8000.00 tax credit for first-time home buyers in February included in the stimulus bill.
3. For the first time since the 1940's, average interest rates are dipping below 5% for a 30-year, fixed rate mortgage per bankrate.com. "This may be the best time in a generation to buy a home."

And as if that is not enough incentive, another Forbes recent article rates several cities in Colorado , including Denver , Ft. Collins and Boulder as "best places for business and careers" as well as tops among America 's most livable cities.

Colorado has "lifestyle" going for it and Steamboat Springs continues to prove itself as one of the best mountain communities of Colorado in which to live. From the diversity of activities and industry as well as a world class winter playground and ski training facilities for athletes, Steamboat offers something for every enthusiast...the operative word being enthusiast. Come, let us show you why we love Steamboat and want to share it with you...

Anne Mayberry

Broker Associate, The Vanatta Group

www.steamboatestates.com/annemayberry

970-846-1425

A couple of astute mortgage brokers from our community recently wrote a quotation from the late economist John Maynard Keynes. "A large proportion of our positive activities depend on spontaneous optimism rather than mathematical expectations, whether moral or hedonistic or economic. Most or our decisions to do something positive....can only be taken as the result of animal spirits - a spontaneous urge to action rather than inaction, and not as the outcome of a weighted average of quantitative benefits multiplied by quantitative probabilties."

Further they conclude: Trust in the cyclical nature of the market. What has gone down will go back up, and it may be sooner than anyone expects. With mortgages still available and great deals on property to be had by anyone with decent credit, verifiable income, and an adequate down payment, acting now on a real estate purchase could reap big benefits in the long run.

John Maynard Keynes may be more relevant now than ever!

Anne Mayberry

We at the Vanatta team are thrilled to debut our new web site, steamboatestates.com! It is loaded with easy to use features which allow you access to all of Steamboat Springs from one venue. Pam Vanatta has put the best resources towards steamboatestates.com and we think it is unsurpassed in its ability to inform you about Steamboat Springs, Routt County, and Yampa Valley real estate, plus activities, local news, and other information that you may desire.

Our team, consisting of Pam Vanatta, Heidi Flint, Kelly Silva Stahl, Stephanie Peasley, and Anne Mayberry, has got you covered from your first inquiry to closing the deal of your dreams! Check out the team bios under "The Vanatta Group" at steamboatestates.com so that you can understand the depth of the group that Pam has assimilated. WE ARE EXCITED...and we are here for you. Even if you aren't ready quite yet to buy or sell real estate, call or email us, we want to hear from you!