Sunshine Returns Literally and Figuratively

Sunshine! That precious commodity that we enjoy so often in Steamboat Springs has finally returned.  For how long we are not certain but I can assure you that most locals will be out enjoying the sunshine while it lasts. June is, after all, supposed to be the driest month for Steamboat according to the weather service. My 33 years of occupancy disputes this theory as I believe September to be the driest month. So what is this eerie and unaccustomed sight of cloudy mornings and dark wet afternoons and evenings? The meteorologists claim that we are a victim of two massive storm fronts that don’t seem to be moving.  One is anchored near the Aleutian Islands and another squatting off the coast of Greenland.

 

Whatever the reason I can tell you it is the main topic of conversation at coffee shops and grocery stores and all the other social gathering places. We are so accustomed to waking up to sun in the morning and not having to worry about rain that many of us don’t even own an umbrella.

 

Maybe the Sun is beginning to shine on the national economy also. International markets are showing positive signs as are the American Stock and Bond markets. Unemployment figures are declining and home sales are up.

 

Conversing with Colleagues in various parts of the country there seems to be a lot of people taking advantage of the $8,000.00 first time home buyers tax credit. What many people don’t understand is that a “First Time Home Buyer” is considered someone who has not had ownership interest in a home for 3 years or more.

 Getting back to my weather theme today my analogy for Real Estate purchasing in the Steamboat Springs, Colorado area is akin to the perfect storm. We have great inventory, anxious sellers, historically low interest rates, Federal Tax credits and prices that reflect the market of two to four years past. Mix all of these ingredients together and you have the makings of a Buyer’s Tornado. The time and climate is right to take advantage of these ingredients. Now go out and enjoy the Sunshine!

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