JD Power & Associates ranks Prudential Real Estate Network #1 in Customer Satisfaction (Seller) for the 2nd time in 3 years. Not bad for our lil globally recognized company, huh?!

Our association meeting was pretty informative this morning. Year over year, residential sales are up in La Plata County 39% from 2009. Of course, most of that volume happened prior to the end of the tax credit. July and August appear to be relatively flat, similar to last year. Still, 50-year lows on interest rates are very attractive as a one-point (%) reduction in interest rates translates to approximately a 10% price reduction. Our Board President rightly pointed out that in 10 years we'll be bragging about the interest rate we got rather than the price we paid on the house. True that! Great day folks!

Our association meeting was pretty informative this morning. Year over year, residential sales are up in La Plata County 39% from 2009. Of course, most of that volume happened prior to the end of the tax credit. July and August appear to be relatively flat, similar to last year. Still, 50-year lows on interest rates are very attractive as a one-point (%) reduction in interest rates translates to approximately a 10% price reduction. Our Board President rightly pointed out that in 10 years we'll be bragging about the interest rate we got rather than the price we paid on the house. True that! Great day folks!

It's Good News, Bad News again...Homebuilder confidence is low but with little new housing being built, eventually inventory will drop once the RE0 market stabilizes. In this scenario, there is worry that prices will start inflating again but for now its serving to keep existing home prices from falling too far.

Its good news, bad news: while the last 2 weeks stock gain were erased
today there was good news too....of the Top 25 places where jobs were
created helping to create a positive regional economy, many were in our
region and feeder markets. A couple in Colorado, a couple in Arizona, a
few in Utah and several in Texas.





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Typical Durango Herald, grabbing and publishing the only negative statistic from the 2nd quarter real estate stats. I am really tired of media only reporting the bad. How about some balance in what's news?! Anyone? Anyone?

Thankfully, last week was good for the stock market. Real Estate sales have slowed despite even lower rates than lenders ever thought possible. Still, while the recovery may have slowed, its still labeled a 'recovery' and hopes are that the potential for a 'double-dip recession' is still low. Attitude is everything folks, stay positive. Showing in the Durango area are still relatively brisk and the board is almost full here at Prudential.

So, results are coming in for the 2nd quarter of 2010. Many of you just received my Newsletter with local stats through June 15th. And, for the most part, all the numbers were up over the same time last year. No doubt we've seen a noticeable dip in contracts and sales in June. Showings are still up over last year so we'll see how the summer goes.