Lawrence Yun, Chief Economist of the National Association of Realtors®, casts some conservative predictions for the 2010 year in terms of home sales nationwide.

While our country anticipates the next wave of economic complexities, fiscal analysts are on “pins and needles,” hoping for some evidence of upturn from a downturn of the financial markets this past year. Indicators, such as consumer spending, unemployment rates and the federal budget deficit, collectively influence how the potential home buyer proceeds forward in this market.

The Colorado Springs Real Estate market is poised very well for recovery, ranked number 3 out of the top 10 cities to make the turnaround from the national real estate downturn as categorized by Trulia.com. Mr. Yun states, “Buyers are no longer hesitant about home purchases on the fear of further price declines. And that sets the stage for a steady release of pent-up housing demand.”

Recent news about job growth in Colorado Springs shows that Affiliated Computer Services needs to hire another 135 people by mid-September this year.  This is one example of Colorado Springs having pockets of business development.  As far as unemployment is concerned, calculations reveal an 8.2 percent rate for June, which is still high – but on the other hand, local payrolls from the previous month are rising for the first time in nine months.

Our real estate practice has noticed an increase in lead generation, in which relocation interest has increased steadily.  I have observed that people are carefully studying the facts behind the protocols before making the real estate purchase.  There are many factors to consider during these times.  Yet, the “buzz” continues to hum louder each week.

Although mortgage rates might rise slightly next year, Colorado Springs Realtors should prepare for an insurgence of buyer activity throughout 2010.

For further perspectives from an Elite 25 Colorado Springs Realtor, please click on to www.cheriseselley.com.