Category Archives: Housing Recovery

GOOD NEWS FOR SOUTHWEST COLORADO

  Home builder confidence is up, according to the most recent survey by National Association of Home Builders/Wells Fargo housing market index (HMI). According to NAHB chief economist David Crowe, “low interest rates, affordable home prices and solid job creation … Continue reading

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MO SHOWED UP IN 2013

The Pagosa Springs Area ended 2013 with positive improvements in nearly every category of its real estate market. It looks like we are gaining momentum on our way out of the ditch! We were slow to enter the recession that … Continue reading

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PAGOSA SPRINGS 3RD QUARTER R.E. SUMMARY

  PAGOSA REAL ESTATE MARKET CONTINUES TO IMPROVE The numbers are in through the third quarter of 2013 and I am happy to report things are continuing to improve across nearly all categories.  Market Sales Volume for all types of … Continue reading

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WHERE WE’VE BEEN AND WHERE WE’RE HEADING

While much of the real estate news reported by the major networks has focused on the improving housing markets within many of the major cities, Pagosa Springs has rather quietly finally begun to move forward. It seemed for a time … Continue reading

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CHANGES TO THE REAL ESTATE MARKET IN SOUTHWEST COLORADO

During the last 15 years we at Pagosa Source have always studied the numbers carefully in order to improve our vision of what lies ahead. The Closed Sales data, including an analysis of price reductions leading up to a contract, … Continue reading

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END OF YEAR PAGOSA SPRINGS REAL ESTATE REPORT

(Part One Published 12.29.12 available in Archives)- PART TWO: RESULTS FOR SINGLE FAMILY RESIDENTIAL SALES- ALL PRICES Winter in Southwest Colorado   For all price categories of the single family residential market (SFR), the number of Closed Sales was nearly … Continue reading

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Q4 RESULTS MIXED FOR PAGOSA SPRINGS REAL ESTATE

I am grateful to be able to report Mixed Results for Year End, as has not been the case through much of the previous five years. Though there is evidence of continuing weakness in several categories, the data suggests we … Continue reading

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Has the Worst of the Foreclosure Crisis Passed?

  Yes, it has. Since the downturn began in 2007, foreclosure properties have taken their toll on values throughout Southwest Colorado. Many homeowners found themselves in financial trouble, with mortgage loan balances far ahead of their adjusted market value. For … Continue reading

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Pagosa Springs Business Report 1st Half 2012

Head Count Up- Bag Count Down! We are well into the summer tourist season, past the Memorial Day and July 4th holidays. The first half of 2012 is now in our rear view mirror. The local economy has produced mixed … Continue reading

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HORMONES TO DRIVE HOUSING RECOVERY!

Those are not my words, but those of the Oracle of Omaha, Warren Buffett, one of the most successful investors in the world. In his annual Letter to Shareholders released at the end of last month he said he had … Continue reading

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