Aspen is a “top-down” economy. When the high earners are in the money, our market sees a positive effect. That being said, there are businesses that have weathered the initial storm of the last 6 months downturn and continue to make profits. Some of these owners and executives may be hoarding cash, but if they feel that the recovery has started and they’ve always wanted a property in Aspen/Snowmass, now may be their time. It will probably take sometime to see if the recovery plan is really working, but if it does, more Buyers will enter our upper-end market.
- Dale Potvin, Owner/Broker
Subscribe to:
Post Comments (Atom)
Posts
1 comment:
I spoke with a mortgage broker who said that loan applications for new purchases have jumped in the last week since the recovery plan was announced...Coincidence?
Post a Comment