The Housing Market Isn't All Bad

The housing market has been making front page news since 2006. Most of it being bad news, due to the high number of foreclosures and the mortgage industry. Admitedly, there were many cases of wrong doing where the consumer has been harmed. I strongly believe this needs to be reported and the public should be made aware of these situations, and the bad guys should have to face the penalities.

However, many other consumers being hurt as well. All of us, who are repeatedly subjected to only the "negative news". I have been reminded many times over these last couple of years, that "bad news is what sells".

My point here, is that while terrible things have happended to many people and foreclosures are in abundance, it's still not a bad real estate market. There are many homes on the market to choose from and the interest rates are still historically low. Has your home decreased in value? Possibly. But, most likely, so has the home you want to purchase. Is it a good time to buy? Absolutely, unless you are going to need to move in a year and then probably not. Keep in mind, real estate is normally a long-term investment - not unlike the stock market. These past two years have been rough for the housing market, but what is easy to forget, is this decline was proceeded by approximately 10 years of appreciation. Home values and the stock market should be viewed as long-term investments because they run in multi-year cycles, with years of appreciation, followed by a correction. The good news, is that the years of appreciation are typically stronger and longer than the years of depreciation.

So, if you are thinking about buying or selling, talk with us first. Don't let the media determine your next move!

South Glenn Mall Is Gone!

In the Spring of 2009, The Streets at SouthGlenn http://www.newsouthglenn.com/ will open nearly 1 million square feet of retail space to create a distinctive shopping experience unlike any other in metro Denver. Both Whole Foods and Barnes & Noble stores will build their Denver flagship locations at SouthGlenn.


The Town Center at the The Streets at SouthGlenn will also include a 16-screen high definition movie theater, more than 20 restaurants and sidewalk cafes, many of the premier national and local retailers, as well as 200 for-rent, luxury apartment homes and 140,000 square feet of Class A office space. The Streets at SouthGlenn's unique mix of retail, restaurants, entertainment, working environments and residential units will help create an up-market, community-based destination.



The Streets at SouthGlenn will also provide exceptional amenities to its shoppers and those who work and live there. Shoppers will enjoy free parking throughout the project, free valet service in two locations and property-wide wireless Internet connectivity. Visitors can also drop off their cars to be washed while at The Streets at SouthGlenn.


First Retailers Will Open in the Fall of 2008!
Construction is well underway on The Streets at SouthGlenn. The center's first retailers - Best Buy, Dick's Sporting Goods, Staples and the new Macy's Home Store - are under construction. All four retailers will open in the fall of 2008.

In addition, construction of the parking structure, which will be located on the western perimeter of the project, will begin before the year ends. Once complete, the parking structure will accommodate 1,755 cars and be home to the center's valet parking pick-up and drop-off as well as a car wash.

The reprint of this infomation was authorized by Kerry Anderson, Director of Marketing and Public Relations for Alberta Developement Partners, LLC