As many of you have seen and heard, the stock market is dropping. As of this recording it was down 10% in just two weeks. For most of you that sounds terrifying. I’m here to let you know this is a great thing, as long as you know how to use this information. If you rely solely on the stock market for your future that can be a problem as it is currently falling drastically, but that means that the mortgage rates are down as well. This is great news for people who are looking to buy a home, whether it’s your first time buying a home, you are looking to refinance your current home, or expand into some investment properties. Now is the perfect time to buy, here in Colorado Springs especially, property values are at an all time high having grown 10% in the last year. We are a growing market in more ways than one, because the trend in home ownership is going to stick around, but for those millennials that aren’t quite ready to buy we are still experiencing a trend in needing rentals. This means we need people to buy investment properties, but you need to do it quick. By mid-year rates are expected to get back up to 6%, which is a great rate, but why wait when you can get something lower. Rates are going to change as the stock market tries to correct itself, it’s been predicted that by 2019, there will be no lower interest rates, as we sit on the cusp of the next generational boom. This boom is expected as the oldest of the millennial generation starts getting into their 40s and start consuming more. That will be the major correction needed to be able to get back to the economy reminiscent of the 1970’s, 80’s, and 90’s, when the baby boomers were the generation with the majority of the consumption power. The market is not done correcting, and you have to take advantage of the low rates while they are here. You have to be able to diversify into the real estate market now that we have stabilized here in Colorado Springs. There are so many first time homebuyers that are taking advantage, but they shouldn’t be the only ones taking advantage. The way I see it is, the stock market is like a bubble, if it pops we all go down, but the housing market is like bubble wrap, a lot harder to pop and a lot more protective. Which would you rather invest in? Not only has the housing market here locally bounced back, but it is better and stronger than ever, making now the best time to diversify into investment properties, as a means of a more secure retirement. Let me leave you with this, the stocks may be down, but that’s good news for you. The housing market is up and we are looking forward to letting the low rates roll. Let’s make this a great 2016!

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