COLORADO REAL ESTATE DRIFTING LOWER FOR EVERGREEN COLORADO REAL ESTATE HOMEOWNERS
The Denver Business Journal is reporting that the Colorado and U.S. Residential and Commercial Real Estate market will continue to drift lower for the next three years. The major culprits are high unemployment, declining equity in real estate, and foreclosures that keep a tight cap on the declining prices. Although the mortgage rates are low most people can’t take advantage because they are unemployed or under employed, their salary has declined, they are upside down on their current mortgage, underwriting requirements have tightened, and the cost to refinance is prohibitive since the State of Colorado regulations have destroyed the low cost retail mortgage market.
There are also fewer younger potential buyers entering the market because entry level jobs are declining and graduating students are clogged up with debt. Many graduates are seeking jobs in the foreign arena but they are find it tough to compete against other foreign students who are better educated and have more of an international upbringing.
American education has deteriorated at a time that Russia, Israel, India, Chinese, and Korean higher education have experienced revolutionary advances in scholastic excellence. These foreign students have a far superior understanding of their chosen disciplines; American schools are producing entry level workers not innovators. Major corporations are hiring foreign graduates because of their superior education and skills as well as their ability to work for less income and still live a higher level lifestyle in many foreign cultures. And now with the internet these young professionals are just a key stroke away.
The Real Estate Market is just a symptom of a much larger problem. America has lost its competitive edge and is losing market share to other economies. Unless we as a nation decide to take back dominance of the global market we are doomed to slide further into decline. Are grandparents raised a generation that economically conquered the world; are parents raised a generation that lost that dominance.
It’s time to return to good old fashioned American ingenuity and thriftiness, and use what resources you have left to protect yourself and your financial future from the government. A home is a hard asset and is historically the best investment in difficult times. Not only will you make money but You can live in your investment, while you will enjoy special income tax treatment. We are MARK ENGLISH REAL ESTATE and are Your one stop shop for all Your EVERGREEN COLORADO REAL ESTATE and CONIFER COLORADO REAL ESTATE. We are also an EVERGREEN COLORADO CUSTOM HOME BUILDER and are looking forward to serving You with all Your Real Estate needs. Please, give us a call at 303-674-0148, Email us at markenglishrealestate@msn.com or visit us on the web at www.evergreencoloradoliving.com . Don’t forget to register for Your FREE BUYER INCENTIVES.