Tuesday, November 18, 2008

Great Market News

Everyone needs some good news --- RIGHT? Mortgage applications rose 12% last week, and mortgage rates dropped a quarter of a percentage point. Homes that went under contract were up from the previous year for the second straight month.

As everyone says - we did not get in this predictament overnight, and it will not improve drastically overnight. But the economists are saying it will be a "slow, steady, multi-year upward trend."

In Denver, after the Holidays, watch out! Buyers will be out!

Joan Cox
Metro Brokers - Turning Point RE, Inc.
720-231-6373