From the Breckenridge Director | SummitDaily.com
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From the Breckenridge Director

Rick Eisenberg, Broker Associate
Omni Real Estate Co. Inc.
Director, Colorado Association of Realtors
Director, Breckenridge Area, Summit Associa

This month, Fiserv, Inc., a global provider of financial services technology solutions, released home price forecasts for more than 375 U.S. markets based on the Fiserv – Case-Shiller Indexes. Not any surprise, but the national markets that experienced the largest bubbles (Florida, California, Nevada, Arizona) are not expected to recover to recent peaks until at least 2020…and in some cases not until 2039. Healthier markets that did not experience bubbles are expected to return to previous peaks as early as 2012. Forecasts are also for most markets to hit a trough somewhere between Q2 of this year and Q4 of 2011.

In my opinion, Breckenridge Is likely to follow the ‘healthier’ market trend rather than the ‘bubble’ trend. Yes, we had a very nice run up, but it never felt like a bubble, at least to me. Other Ski/Mountain towns in the state of Colorado will probably trend further towards the bubble recovery scenario, but likely not in the same league as many national markets that went through the bubble.

Regardless of where Breckenridge sits on the ‘healthy market’ vs. ‘bubble market’ continuum, the overall forecasts for price stabilization and recovery timeframes point again to something I pointed out in a previous newsletter; It is still the perfect scenario for both buyers who want to buy, and sellers who want to sell, to take advantage of where we are in this cycle. Let’s get them together.


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