Mariana Wagner

Colorado Springs and National Housing Stats Imply Its Time to Buy

According to a recent report from Global Insight, an economic and financial analysis forecasting firm, current housing statistics indicate that now is the right to time to buy. They claim that the U.S. housing market as a whole is undervalued by 3.8 percent.

Global Insight analyzed 330 metropolitan areas in the United States and found that 241 metro areas experienced price declines in the third quarter of 2008 in comparison to 150 metro areas in the second quarter. The markets that were hardest hit were in areas that were most overvalued three years ago.

This study, a combined effort by HIS Global Insight and National City Corporation represented 78 percent of all existing housing units in the United States. Low intrest rates and increased affordability make today’s market a buyer’s dream! Source: Global Insight (12/03/2008)

December 6th, 2008 by Mariana Wagner | Leave A Comment

This entry was posted on Saturday, December 6th, 2008 at 6:28 pm and is filed under Real Estate General. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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