A Silver Lining: Western US Resort Properties

Good day from Crested Butte,

According to Lawrence Yun, chief economist for the National Association of REALTORS®, top resort destinations in the Rocky Mountain West could easily see house-price gains as much as 30 percent to 50 percent over the next five years.

Yun, the keynote speaker at the June semi-annual conference of the Rocky Mountain Resort Alliance (RMRA), an association representing the boards of REALTORS® of 11 Western premier destination ski resorts, said mountain resort properties, like those in Aspen, Colo., Park City, Utah, and Jackson Hole, Wyo., are not as prone to subprime loan exposure like other residential areas.

Dennis Hanlon, founder and president of the Rocky Mountain Resort Alliance, said in spite of the current housing climate, high-end properties throughout the West are still selling. “People are still buying second homes and vacation homes. Typically these transactions are cash deals and do not involve financing."

Read the Entire Press Release Here

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Channing Boucher
Crested Butte Real Estate Agent
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