NAR Chief Economist Optimistic

National Association of Realtors (NAR) Chief Economist Lawrence Yun, believes that if mortgage lending conditions keep moving towards ‘normal’ good things are on the horizon.

A NAR survey reports that home sales could be higher nationally, and what they’re not reporting is that sales volume is already up  substantially month over month for the last two years in Boulder County, and the trend is still continuing with strong signs that we’re in for a long steady roll in the right direction.

Call, text, or email me today!

I’d seriously enjoy having the opportunity to talk to you about your planif you’re moving, or if you know someone who is considering a move, and needs some straight answers.

To quote Mr. Yun:

“Sensible lending standards would permit 500,000 to 700,000 additional home sales in the coming year,” he says. “The economic activity created through these additional home sales would add 250,000 to 350,000 jobs in related trades and services almost immediately, and without a cost impact”

If you read my previous post about builders buying land and new construction of single family homes on the rise in our area, you already know this is well under way and a reality in the Boulder county area.

While builders like McStain, Ryland, Markel and Meritage are building and selling homes at a somewhat furious pace, it’s no wonder that resale homes are selling well also.

As long as your priced correctly and marketing your home well, you should see a fairly short market time if you choose to sell now. We need more inventory, so it seems the new home builders may fill in a gap in the marketplace.

Zachary Epps, GRI, ABR, REALTOR®, Eco-Broker®, full-time RE/MAX professional, and author of the

Boulder Real Estate and Neighborhood Guide

The Boulder Condo Guide

The Home Buyer’s Handbook

Call, text, or email me today!… I’d seriously enjoy having the opportunity to talk to you about your plans if you’re moving, or if you know someone who is considering a move, and needs some straight answers.

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