July 5th, 2010

Posted On July 5, 2010

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Happy 4th of July weekend, what a blast! Check out photos of my new listing. $164,900 for a 2bd/2ba on the mountain! We currently have 1431 listings on the market, year to date we have sold 203. So during 2010 we should sell about the same as last year (400) which gives us about a 43 month supply of inventory, things are not improving fast enough to get to a stable market in a year from now. I went to the new urbanism conference showing the flow of people out of the suburbs and into the city making for more expensive real estate close to downtown and greener city. The presenter said a double dip recession is probable. I also went to an economic forecast seminar showing a very flat recovery at the level we are currently at; I asked about a double dip and the presenter said it’s a real possibility.

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