When comparing the Colorado Springs Real Estate market between 2009 and 2010, the potential homebuyer has about 34% more buying power – given low interest mortgage rates and affordable housing prices alone.

Even though some of the numbers are somewhat flat about the functionality of home prices, as a Colorado Springs Realtor, I think we’ve entered an era of what might be considered home price stabilization.

Several buyers are waiting to see whether the bottom has actually come. The consumers want to buy at the lowest point, and then watch their investment move upwards, regardless of its pace.

But waiting for the bottom is something very difficult to calculate given the distressed sales in the market. I think distressed sales have a greater influence on consumer psychology, creating fear and trepidation and stagnation, than on the actual parts about home price stabilization.

Many parts about the Colorado Springs Real Estate market are showing signs of home price stabilization. And the only way to know whether this phenomenon has actually occurred is to watch the upward curve of increased home sales.

If you’re watching for too long, then you’re a spectator on the sidelines of real estate activity. The truth is that buying power buffers the few tens of thousands of dollars or so from what might be considered the lowest of the low about home price stabilization.

Your power to buy is held within your ability to see how it’s done for you. Increased buying power fans the flame about home affordability. And in reality, the surge of momentum in any market required to make stagnancy turn into a kinetic activity is home affordability, which can be assessed by job and population growth, low mortgage interest rates and affordable home prices.

In National News taken from The Colorado Springs Business Journal, NAR President Ron Phipps validates what many Colorado Springs Realtors have gleaned about the market in general, “…the outstanding factor in the current market is home affordability…the buying power in today’s market is matching the highest level we’ve seen dating all the way back to 1970.”

If you’re seriously considering becoming a participant of the real estate activity for 2011 as an investor or homebuyer, then feel free to contact our Colorado Springs CO Realtors, Cherise Selley and Selley Group Real Estate, LLC: 2139 Chuckwagon Rd, Ste 210 – Colorado Springs, Colorado 80919 – 719. 598. 5101

Portions of this article are written by Gordon, as framed by the expressed opinions of Cherise, but not proofread.