02.01.07
All Signs Point To…
According to www.RealEstateInsight.com, all signs point to a solid recovery towards the end of 2007. One sign is the demand for home loans swelled 16.6 percent during the week ended Jan. 5th according to the Mortgage Bankers Association. Requests for purchase loans were up 16.2 percent and refinancing applications rose 17.3 percent. The strong recovery compares with a 14 percent slide in application volume before Christmas and a small improvement of 3.6 percent just after the holiday. This is promising because an increase in Buyers is exactly what we need. The inventory of homes in Colorado Springs continues to remain at high levels. If we see a continued increase in demand, I think these predictions are accurate.
