2009 Predictions and Promises
January 2, 2009 by Bob Schenkenberger · 5 Comments
Happy New Year! 2009 will bring with it some exciting opportunities in the world of Denver area, Real Estate.
Predictions:
- Foreclosure and Short Sale Transactions will continue to dominate the Denver Real Estate Market.
- Those looking to buy or invest in properties will get better deals than anytime in the past 20 years.
- The inauguration of President Obama will change the attitude of the country from Fearful to Hopeful.
- This attitude change will be the single largest reason the economy begins to improve.
- The Federal Government Stimulus Packages will do nothing to help those currently in distress.
- We will reach a “Tipping Point” where the desire to buy a home, will be greater than the fear of the current market.
- There is great pent-up demand, and once the tipping point is reached, there will be a domino effect for home sales.
- 2009 will be the best year for Denver Real Estate sales since 2005.
- There will be a large reduction in the number of Real Estate Brokers
- Rental Rates will Increase, spurring many to buy rather than rent.
- Interest Rates will continue to be very low, but they will NOT stay below 5%.
- Banks will find a way to loan money again.
Promises:
- We will post more community and “things to do” articles.
- We will introduce some great new tools to foster this community.
- We will increase our use of video on this site.
- We will continue to improve our services and value proposition.
- We will continue to stongly advocate and negotiate on behalf of our clientele.
- We will put together an Investment Group for those looking to take advantage of this real estate market, but do not want to be an individual property investor or landlord.
- We will be here, to service our clients, for 2009 and beyond!
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Bob has been an active REALTOR for Over 20 years. During this time, he has closed over 500 transactions, and has been the broker of record for 1000's more. Bob can be reached via email (bob@gethomedenver.com) or phone (303.770.1180.)
How do you see all the sellers that have been waiting for the real estate market to turn around effecting the market?
Nick, The sellers that are in wait mode are also looking to buy another home. Thus, once they feel they can get a reasonable price for their current home, they will move and buy another place. It is this movement, a natural progression, that we have been missing for a few years now. Thanks for the great question!
Bob Schenkenbergers last blog post..2009 Predictions and Promises
I have spoken to a few people and they felt the shift on January 01, 2009. I love your predictions and positive attitude and looking forward to a prosperous 2009
Jane, I appreciate your comment. It’s great to see other professionals in the Denver market validate my observations.
Bob Schenkenbergers last blog post..2009 Predictions and Promises