recent blog posts from Michael Heraty
Posted by Michael Heraty | on January 19, 2010, 5:05 pmLast weekend I was working with a local young couple looking to purchase their first home here in Pagosa Springs. They both graduated from high school here and returned after pursuing their educations along the Front Range. They are both employed locally and have a new baby daughter. They are conservative with their finances and » Read more
Posted by Michael Heraty | on January 18, 2010, 5:04 pmIf You Really Want To Know, Ask the Right Question. “How are things going?”A typical question asked of local real estate brokers by members of the public here in Pagosa. “Things are going great, I’ve really been busy.” An acquaintance of mine recently told me that his real estate agent had told him that she » Read more
Posted by Michael Heraty | on November 13, 2009, 8:44 pmMuch of our local real estate market remains slow, with expanded inventories and a decline in the number of transactions. At the lower end of the market where purchases tend to be more tied to local buyers and mortgage availability, much of the buying action has been within the bank-owned foreclosure market. The middle of » Read more
Posted by Michael Heraty | on October 26, 2009, 5:22 pmRecently I participated as a member of a panel that made a presentation to the local Builders Association on the state of the local economy. As part of my presentation I briefly discussed the 3rd Quarter Summary Report that is within this Blog Site. After our presentation a representative of Red McCombs, Clint Jones, made » Read more
Posted by Michael Heraty | on October 13, 2009, 4:03 pmNot much in the way of good news to report after reviewing and analyzing the real estate figures for the third quarter of 2009. Our market, like much of the economy, continues to struggle, with too much inventory and too few buyers. Though mortgage money is still available to qualified borrowers as well as tax » Read more