There are many questions when it comes to buying a house but the million dollar question is:

How is Colorado's housing market?

And my answer is: GREAT! Yes, in my opinion, the market is always great. It is either a great buyer's market or it is a great seller's market. It is never both and it is never neither. Right now, in theCommerce Cityarea, it is a great buyer's market. There are thousands and thousands of homes on the market, giving a buyer plenty to choose from. And some of these houses have been on the market for a long, long, long time.

The second reason it is a great buyer's market is interest rates. Interest rates are GREAT! Yes, a below 6% fixed rate is GREAT. If you are a potential buyer, but you are sitting on the fence, waiting for the market to turn..........get off the fence. If the market turns, it will be OUT of your favor. Interest rates and home prices will rise again before they fall.

As glamorous as it may sound, this is not a fix-n-flip market. It is a buy-n-hold market, which means it is a market geared towards buying real estate at a low price, similar to the stock market, and selling it when prices rise again. Unlike the stock market though, the real estate market gives you something tangible to hold. Buy dirt and you won't get hurt.

For more information please visit my website, Lane Tuetken owner and realtor, at www.LT-RealEstate.com or email me at Lane@LT-RealEstate.com.

You can't spell REALTOR without LT!