Steamboat's August Market Update
The Yampa Valley boasted healthy sales for the month of August 08. With close to $60 million in total sales volume, a wide variety of Steamboat neighborhoods embraced strong transactions. The total sales for the month included four transactions valuing over $4 million each further determining that the luxury market is still riding a strong current of buyers and sellers. The average transaction price in Routt County is showing a great rise in value for ski resort property at $676,330.
To download a copy of the August 2008 report please click here: Routt County Market Report - August 2008.
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Fannie Mae and Freddie Mac Buyout - Good or Bad for buyers and sellers in Steamboat real estate market?
I have learned that if I want exciting things to happen in the mortgage world, I should have a baby! One of the largest government expansions in history occurred on 9/8/08. The Treasury seized control of the Government Sponsored Enterprises (GSE), Fannie Mae (FNMA) and Freddie Mac (FHLMC). First, let me go into a little bit of the background. FNMA and FHLMC purchase mortgage loans from originators so that the lenders can continue to make more loans. The GSE's then package the loans into securities and then sell the securities. The amount of mortgage backed securities is ...
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