Yesterday,a developer got approval & funding to build homes for 10,000 residents! Also, for several weeks bids have been entertained to create a massive NASA project,which would employ 10,000 jobs. Great positive news which is almost out now on a daily basis.This causes consumer confidence,which causes more buying,which causes more production,which causes more jobs.Look for interest rates,both in the mortgage sector and the prime rate,to increase,as a result.Already,the Fed is worried about inflation & will move to increase the prime,hoping to curb rising prices.Anyone thinking of buying a home,should do it very soon.Such good news causes home prices & mortgage rates to escalate rapidly.

Today,again,there were three new,positive articles about the local & national economy improving. Housing prices in Denver increased 65% from 1990-2010,inspite of the recession from 2007-2010.Also, manufacturing is on the rise & more exports are sent out of the USA. Mortgage rates are steadily rising,as a result.Last week the rate was 4.71%.Today,it is 4.84%.It feels like an airplane gaining speed going down the runway just before liftoff.Anyone thinking of buying a home should do it soon.It’ll become more & more a seller’s market as the economy improves.

95% of owners & 72% of renters believe owning a home is a wise decision.Not only because of long term gains & yearly tax write-offs, but also because they recognize neighborhoods are safer & contain a better quality of life.Most homeowners know it also means a more stable atmosphere for raising a family.

I’ll be teaching a 1st Time Homebuyers Class tomorrow evening, Tuesday,at 7-8 PM here in Thornton at the new Anythink Wright Farms Library,5877 E. 120th Avenue. Refreshments & handouts.I’ll have a lender & inspector I work with also to give a short talk & their own handouts. Very low key with the accent on providing helpful info.Anyone is always welcome.I want to do this once/month.

Home sales on the National front increased 5.6% per Lawrence Yun,Chief Economist for the National Association of Realtors (N.A.R). However, interest rates increased to 4.96% this week from being 4.6% last week.These are definite indications of the improving economy.Expect more of the same in the 1st Quarter of 2011. It’s similiar to an ocean wave & I expect it to build momentum.Buyers beware..you should act quickly or you’ll lose more & more buying power.

Retail sales rose .8% in November,the 5th straight month on the rise.Stores see a much brighter outlook & are stocking their shelves.The tax cuts being extended to all businesses, along with unemployment benefits being extended are the reason, according to many economists.45% of CEOs surveyed said they plan to hire within the next 6 months!

On January 11,2011 (Tuesday) at 7-8pm I will be having a class for first time homebuyers. It’ll be at: Anythink Wright Farms Library,5877 E. 120th Ave.,Thornton,Co. 80602. Teaching will be myself,an excellent lender I use, & an excellent inspector I use. We’ll make it understandable & informative.Nothing in-depth or lengthy,but very helpful on how to buy a home.Questions,please call me at 720-364-7565.

The current rate is 4.46%,which has risen from 4.10% two weeks ago.That equates to about a $12,000 difference in buying power on a home.I get the feeling that these rates will increase in small increments, but it’ll suddenly start getting peoples’ attention when 5% is reached.Because employer costs on Obamacare will be realized And because Congress will pass the small business tax credit extension by December 31st,rates will rise.Anyone looking to buy should consider it a priority.Waiting will cost you.

No more than 1/3 of your monthly income,FHA loans require 3.5% down(conventional is 10-20%),check your credit report,get prequallified from a lender,write list of wants..then write absolute top 3,pick a good,caring realtor & get references. I would like to teach first-time homebuyers.Please email or call me if you think a class of 10-12 is good at a library.

The retail sales for 12 of 16 categories showed significant positive results for October 2010! Sales totaled $188.1 million compared with $175.7 million ayear ago. Such an increase are a sign the economy is on the mend, experts say.Confidence in consumers seems to be increasing.