The Real Estate Insider published by The Group Inc. reports in their September 2007 issue the following realities:

• As of mid-August, 100% financing was still available
• Borrowers can get a good interest rate with a down payment as small as 5%
• Many conventional programs will give loans to borrowers with a 620 or higher credit score and government loans have no minimum credit score requirement
• Low or no documentation loan programs are still available with al little as 5% down.

As of this writing home sales have declined another 8% nationally. Of course Colorado does not suffer those high percentages and transplanted Californians are breathing a self satisfied sigh.

The good news gleaned from the Group news are:

• Little or no change in existing detached home sales.
• Little or no change in average single-family detached sales price.
• Employment has risen.
• Unemployment has lowered.
• Vacancy rates are unchanged or down in commercial and apartment properties.
• Finally, sales and use tax collected has seen little or no change.

If you would like more information on the Colorado housing economy contact The Group Inc.

2803 Harmony Road
Fort Collins, CO 80528
Tel. 970 229-0700
Web: http://thegroupinc.com