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Fortune Magazine - It's Time To Buy Again

Posted by Breckenridge Associates Real Estate on Tuesday, May 3rd, 2011 at 11:13pm.

Shawn Tully, Senior Editor-At-Large for Fortune Magazine suggests the housing market is back in a recent Fortune Magazine article. He cites two factors that are shaping the real estate market up for recovery - a historic drop in new construction and a steep decline in pricing. Both new construction and pricing have been low due to demand, but Tully suggests this is about to change as the economy and consumer confidence get back to normal levels. Many renters are being lured into the market as the cost of buying has become more appealing; the cost of renting a home can be more than the mortgage would be for the same home. Non-distressed markets, such as the Breckenridge, have a reduced inventory of homes for sale. A modest increase in demand would mean prices will start to shift upward.

Click here to read the full Fortune Magazine article.

There isn't a better time than now to buy real estate in Breckenridge. It is a Buyer's market and Sellers are pricing competitively. Many signs are pointing to market stability in Breckenridge. Greater demand will produce higher prices. Get in now and enjoy your home during the summer months. Contact your Broker/Partner today to learn more about local real estate opportunities.

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