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Lots going on in Summit County in August & September... here is the schedule of events to help you make your summer plans.  Come visit us - and if you'd like any further details or suggestions - we always have the inside scoop!

 

AUGUST

AUG. 1-6 || SCALE THE SUMMIT is a music camp for kids of all ages and
abilities, open to strings, woodwinds, piano, guitar and harp. The camp will
teach students about instrumental and ensemble playing, listening and
leadership skills under the guidance of Chas Wetherbee, Keystone Resident
and first violin of the Carpe Diem String Quartet, Janet Harriman,
(970) 468-0110, www.cdsq.org

AUG. 2 || A HEAVENLY EVENING
7:30 p.m. Featuring Mahler’s Kindertoten-Lieder and Schubert’s Octet.,
Riverwalk Center, Breckenridge. (970) 453-9142,
www.breckenridgemusicfestival.com

AUG. 3 || NATIONAL REPERTORY ORCHESTRA CONCERT, 7:30 p.m., Beethoven,
Riverwalk Center, Breckenridge, Carl Topilow, conductor, (970) 453-5825,
www.nromusic.com

AUG. 4 || IRVING BERLIN: FROM RAGS TO RITZES, 7:30 p.m., Breckenridge Music
Festival Orchestra and Vocal Soloists. Riverwalk Center, Breckenridge. (970)
453-9142,www.breckenridgemusicfestival.com

AUG. 5 || NATIONAL REPERTORY ORCHESTRA CONCERT, “OUT OF THIS WORLD
FINALE” Holst-The Planets 7:30 p.m., Riverwalk Center, Breckenridge, Carl
Topilow, conductor, (970) 453-5825, www.nromusic.com

AUG. 5-7 || 15TH ANNUAL BLUEGRASS AND BEER FESTIVAL, Keystone, Downhome
cooking, frothy flavors and mountain music are just a piece of the pie.
Folks gather while 30 microbreweries from Colorado and beyond showcase
their unique blends of hops and barleys. Live music. Kids Zone provides
entertainment for the kids with inflatables and wacky activities. Confirmed
2011 music line-up includes Peter Rowan, Shannon Whitworth, Honey Don’t
and Steel Pennies. www.keystonefestivals.com

AUG. 6 || WINE, WOMEN AND SONG, 7:30 p.m. Featuring the Breckenridge
Music Festival Orchestra and Vocal Soloists in songs of Vienna and
Strauss’s “Wine, Women and Song” Waltz, Riverwalk Center in downtown
Breckenridge (970) 453-9142,
www.breckenridgemusicfestival.com

AUG. 6 || 10TH ANNUAL CLASSIC BOAT SHOW, 10 a.m. to 2 p.m., 25-35 vintage
boats will be on display. The parade of boats begins at 2. Frisco Marina
Docks, Frisco, www.townoffrisco.com/events/classic-boat-show/

AUG. 6 || LET’S PLAY BOCCE PUBLIC INSTRUCTION, 10 a.m., Come join
members of the Summit Bocce Club and learn you all you need to know. Free
event. Bocce Courts, Dillon Town Park. (970) 262-3400,
www.townofdillon.com

AUG. 6 || COPPER TRIANGLE BICYCLE TOUR, The famous Copper Triangle has
long been considered one of Colorado’s classic alpine road rides. The 2011
ride works in partnership with the Davis Phinney Foundation to raise funds
for Parkinson’s disease research. www.coppertriangle.com

AUG. 6 || EMERGENCY PREPAREDNESS – WHAT YOU NEED TO KNOW IN THE HIGH
COUNTRY
10 a.m. Join Summit County Emergency Manager Joel Cockran for
a look at the threats we often overlook and how to be prepared in the event of
an emergency. Joel will answer your questions and provide insights that we
all should be thinking about each and every day. Marina Park Pavilion by the
Amphitheatre in Dillon (970) 262-3400, www.townofdillon.com

AUG. 7 || ‘VETTES ON THE ROCKIES 38TH ANNUAL SHOW AND SHINE EVENT, 9
a.m. to 1 p.m. More than 600 Corvettes on Main Street., townoffrisco.com/
events/vettes-on-the-rockies/, (800) 424-1554

AUG. 9 || TUESDAY SERIES: AN EVENING WITH ROBIN SUTHERLAND, 7:30 p.m.
Featuring Five Debussy Preludes and the Brahms Piano Trio #1 Riverwalk
Center, Breckenridge. (970) 453-9142, www.breckenridgemusicfestival.com

AUG. 6 || HIKE ‘N LUNCH, please call for time, Bonnie Q BBQ Catering Co.
Roadhouse Room 134 Lake Dillon Dr., Dillon. This is your chance to hike with
a local historian at various destinations in Summit County. Lunch follows.
$25. (970) 468-2207.

AUG. 10 || CABARET CONCERT, 7:30 p.m. Featuring the Festival Vocalists with
Michael Linville. Riverwalk Center, Breckenridge (970) 453-9142,
www.breckenridgemusicfestival.com

AUG. 11 || BLUE RIVER SERIES: LEO KOTTKE, 7:30 p.m., Riverwalk Center,
Breckenridge. (970) 453-9142,
www.breckenridgemusicfestival.com

AUG. 12-13 || DILLON BBQ AT THE SUMMIT, Join the festivities as BBQ masters
from across the U.S. vie for top honors in this Kansas City BBQ event. Dillon.
888-499-4499, bbqatthesummit.com for details.

AUG. 12 || ALL IN THE FAMILY CONCERT, 7:30 p.m. at the
Featuring Mussorgsky’s Night on Bald Mountain and Lemony Snicket’s
“The Composer Is Dead,” Riverwalk Center, Breckenridge. (970) 453-9142,
www.breckenridgemusicfestival.com

AUG. 12-13 || COLORADO CIGAR & BREW FESTIVAL, In conjunction with
GuitarTown, this new festival features samples of cigars and local brews,
showcasing local merchants offering lifestyle products and services
appealing to all attendees.
www.coloradocigarandbrewfest.com

AUG. 12-14 || GUITARTOWN. The world’s best guitarists come together
featuring free guitar workshops, free live music, Guitar Hero contests and
kids’ music activities.
www.copperguitartown.com

AUG. 13 || NATURE PRESERVE HIKE, 9:45 a.m. Join local Susan Juergensmeir for an easy paced hike through the Dillon Nature Preserve. Meet at the Nature Preserve parking area across
from the Dillon Cemetery off of Highway 6 (970) 262-3400,
www.townofdillon.com

AUG. 13 || PIANIST ROBIN SUTHERLAND IN MOZART’S PIANO CONCERTO IN
C, PLUS RIMSKY-KORSAKOV’S “CAPRICCIO ESPAGNOL
,” 7:30 p.m., Riverwalk
Center, Breckenridge. (970) 453-9142, www.breckenridgemusicfestival.com

AUG. 13, 14 || ART ON MAIN STREET TO THE ROCKIES, 10 a.m. to 5 p.m., on Main
Street, from 3rd Ave to 6th Ave. You will be able to view art from 120 of the
finest artists in the country. Frisco, (800) 424-1554 www.townoffrisco.com/
events/art-on-main-street-to-the-rockies/

AUG. 13, 14 || FRISCO WINE TASTING AND DESSERT COMPETITION to benefit the
National Repertory Orchestra, 10 a.m. to 5 p.m., Frisco Main St.,
(970) 453-5825, www.nromusic.com

AUG. 14 || HIGH COUNTRY HIKE FOR HOSPICE, 8 a.m. to noon. Bring your family,
friends and dog to the second annual High Country Hike for Hospice. Enjoy a
reflective 3-mile hike lined with inspirational & thought provoking quotes in a
scenic mountain setting. $25. Frisco Nordic Center.
www.bristleconefoundation.org

AUG. 15 || BRECKENRIDGE MUSIC FESTIVAL’S SPECIAL EVENT: Keystone Brass;
the brass players of the Breckenridge Music Festival blow their horns in
Keystone at this dinner event (970) 453-9142.
www.breckenridgemusicfestival.com

AUG. 16 || DRESSED TO THE EIGHTS, 7:30 p.m. at the. Octets by Stravinsky
and Beethoven, plus Mendelssohn’s Octet for Strings. Riverwalk Center,
Breckenridge, (970) 453-9142,
www.breckenridgemusicfestival.com

AUG. 16 || FIFTH ANNUAL SUMMER GALA MUSIC OF BROADWAY “OH WHAT A
NIGHT,”
an evening of tunes from the best shows that have ever hit the
Great White Way. Join ,Warren Station at Keystone in River Run Village
Tickets $50. (970) 513-9386
lakedillontheatre.org

AUG. 19-21 || WARRIOR DASH ROCKIES, It’s a mud-crawling, fire-leaping,
extreme run. Participants will conquer extreme obstacles and celebrate
their feat with music, beer, warrior helmets and muddy shorts. The live
music includes RockSkool, Hell’s Belles, as well as Hot For Teacher, a Van
Halen tribute band comprised of middle school teachers.
www.warriordash.com

AUG. 20 || FINALE SHOWCASE. Riverwalk Center in downtown Breckenridge.
7:30 p.m. Featuring the artists of the festival orchestra as soloists, plus
Liszt’s Hungarian Rhapsody No. 1. (970) 453-9142,
www.breckenridgemusicfestival.com

AUG. 20 || SUMMIT BOCCE CLUB INVITATIONAL TOURNAMENT, Dillon Town Park
Bocce Courts. Join a team and try your skill at bocce in the Summit Bocce
Club’s Invitational Tournament. (970) 468-2403,
www.townofdillon.com

AUG. 20 || CIRCLE THE SUMMIT. Circle beautiful Lake Dillon on paved bike
paths and roads that take you through some of our nation’s most spectacular
biking country. Start and finish on Main Street in Frisco, Afterwards, listen to
the music of “Music on Main,” a street concert. Your entry fee for Circle the
Summit provides support, improvements, and maintenance for the 65 miles of
Summit County’s paved recreation path system.
(800) 424-1554, www.townoffrisco.com/events/circle-the-summit/

AUG. 20 || TENDERFOOT TRAIL HIKE, 9:30 a.m., Join locals (Jan Wiswell) for a
2 mile hike along one of Summit County’s most scenic trails, the Tenderfoot
Trail. Meet at Marina Park at 9:30 am and then follow Jan (in your car) to the
Tenderfoot Trailhead parking. (970) 390-5754

AUG. 20, 21 || KEYSTONE BLUES FESTIVAL AND ART SHOW, Savvy Blues stretches
its acoustic roots through the Rocky Mountains. A classic art show, tasty
dishes, ice cold brews and an array of wines trim the plaza while veteran
guitarists with a knack for mixing funky rhythms, sultry measures and wicked
chord patterns front our stellar event. Free family KidZone that includes,
bounce houses, kid’s crafts and kids entertainment. www.keystonefestivals.
com

AUG. 21 || FAMILY FUN FEST IN FRISCO, an event for the whole family to enjoy,
10 a.m. to 3 p.m., Peninsula Recreation Area, Frisco. (800) 424-1554, www.
townoffrisco.com/events/free-family-fun-fest/

AUG. 27 || QUIZNO’S PRO CHALLENGE STAGE 5 FINISH, Breckenridge will host the
stage five finish of the inaugural Quizno’s Pro Challenge, a demanding sevenday
road biking race that will attract many of the top cyclists in the world.
Rachel Zerowin (970) 453-5064 or gobreck.com/events/town-events/quiznospro-
challenge

AUG. 27 || SMALLEST FOOT PRINT, LARGEST IMPACT, 10 a.m. Naturalist Sarah
Slaton will discuss what kind of impact the mountain pine beetle is leaving on
Summit County and how it could potentially change the landscape of this area.
Presented by the Friends of the Dillon Ranger District.
(970) 262-3400, www.townofdillon.com



SEPTEMBER

SEPT. 2 || SNAKE RIVER COMMUNITY CONCERT, Warren Station Center for the
Arts, www.warrenstation.com

SEPT. 2-4 || DILLON CRAFT FAIR,
The Alliance for Historical Preservation hosts the 1st Annual Dillon Craft Fair.
65+ crafters from all over Colorado will showcase Colorado’s finest cottage
industry crafts in this zero-waste event. Downtown Dillon. (970) 262-3400,
www.townofdillon.com

SEPT. 2-4 || COPPER COUNTRY, A free Labor Day festival tradition, Copper
Country celebrates the best of the American spirit with incredible live music,
an arts festival, kids’ crafts, the Copper Kids’ Corral, mechanical bull rides, a petting zoo and pony rides.
The free live music includes Holy Ghost Tent Revival, The Long Players, Tim
O’Brien, Winfield’s Locket, Great American Taxi, Jimmie Vaughan,
Ricky Skaggs & Kentucky Thunder, North Mississippi Allstars, TajMahal, and
many others.
www.coppercountryfest.com

SEPT. 3 || THE SUMMIT FOUNDATION GREAT RUBBER DUCK RACES, 11 a.m. The
Great Rubber Duck Races will sweep thousands of little yellow ducks down the
Blue River to the Riverwalk Center, Breckenridge Riverwalk Center Contact:
Corinne Kelly, [email protected],
www.summitfoundation.org

SEPT. 3-5 || 36TH ANNUAL GATHERING AT THE GREAT DIVIDE ART FESTIVAL, 10
a.m. to 6 p.m., Main Street at Wellington, Breckenridge. Over 120 artists will be
featured. You’ll have the opportunity to meet the artists, learn the sources of
their inspiration, ask questions about techniques, commission a specific piece,
and purchase existing fine works of art. (970) 547-9326,
mountainartfestivals.com

SEPT. 4 || JOHN ADAMS & FRIENDS FAN APPRECIATION CONCERT, 1 p.m. Back for
a third year, John Adams and Friends delight the crowd with the stories and
songs of John Denver. Bring your picnics, friends and family for this popular
annual afternoon event. Dillon Amphitheatre.
(970) 262-3400, www.townofdillon.com

SEPT. 4 || BRECK CREST MOUNTAIN MARATHON, Benefiting The Summit
Foundation, 5 mile, half marathon and marathon trail runs. The Breck
Crest is known for its rugged nature, elevation gain and incredible scenery.
Breckenridge. Contact: Corinne Kelly, 970.453.5970, [email protected],
www.summitfoundation.org

SEPT. 4 || A TASTE OF KEYSTONE, www.keystoneresort.com

SEPT. 5 || JOHN ADAMS & FRIENDS FAN APPRECIATION CONCERT, 1 p.m. John
Adams and Friends delight the crowd with the stories and songs of John
Denver. Bring your picnics, friends and family for this popular annual
afternoon event. Dillon Amphitheatre, Dillon, (970) 262-3400,
www.townofdillon.com

SEPT. 5 || MARINA MUTT CONTEST, Registration starts at noon, show at
2 p.m. Dog lovers unite in an afternoon of fun as dog owner’s show off their
companions and compete for prizes. All proceeds benefit League of Animal
and People of the Summit. Free, family, friendly. Dillon Marina.
(970) 262-3400, www.townofdillon.com

SEPT. 11 || 3RD ANNUAL BEETLEFEST, 10 a.m. to 6 p.m., a full day of activities
from The DLM Timberworks Lumberjack show and live entertainment by
White Water Ramble, to a bug petting zoo, 4K beetle stomp, and bug slug.
Informational and artist booths. Event benefits the Friends of the Dillon Ranger
District. Main St., (800) 424-1554, Dillon.
www.townoffrisco.com/events/beetlefest/

SEPT. 9-11 || SUMMIT COUNTY’S FALL FOR THE ARTS CELEBRATION, During the
first annual, county-wide arts celebration, enjoy a weekend of
music, fine art, theater, dance, children’s activities and Summit County’s
legendary fall colors.
www.artsforthesummit.net

SEPT. 17, 18, AND 24, 25 || SUMMIT COUNTY PARADE OF HOMES, 10 a.m. to 5
p.m., Tour amazing Summit County homes over two weekends. A minimal
entry fee benefits The Summit Foundation. Throughout Summit County,
Contact: Corinne Kelly, [email protected], www.summitfoundation.org

SEPT. 22 || TOWN OF DILLON FORUM, 6 p.m. Find out what’s happening in the Town of Dillon at this annual event. Light refreshments served. Dillon Town Hall, Dillon, (970) 262-3400, www.
townofdillon.com

SEPT. 22 || HARVEST DINNER (date subject to change) Supporting High Country
Conservation Center’s (HC3) sustainable and local food initiatives, Vinny’s
hosts an annual dinner featuring local foods. All proceeds go to HC3. Vinny’s
Restaurant 310 Main., (970) 668-5703,
[email protected]

Question:  We recently heard that the mortgage interest deduction may be eliminated.  What’s the scoop?

Answer:  Well, there is no easy answer to this question…here is what Stephen Fishman of Inman News has to say:  The federal tax law encourages homeownership in a big way by allowing homeowners to deduct from their income taxes the interest they pay on home mortgages.

The deduction may be used for mortgage debt totaling $1 million, and up to $100,000 in home-equity loans or lines of credit, for a principal and second home.

One study estimates that the mortgage interest deduction lowers the cost of capital for owner-occupied housing by 7 percent. Also, by allowing taxpayers to deduct mortgage interest from their taxable income, but not rental payments, the tax code creates a strong financial incentive to buy rather than rent a home.

In 2009, about 35 million households claimed the deduction, and more than 75 percent of homeowners have used the deduction at least once.

As you might expect, the mortgage interest deduction is expensive. Indeed, it's one of the largest tax breaks in the tax code, costing about $80 billion per year. That's why the so-called “Gang of Six” a bipartisan group of six senators that has been drafting a deficit reduction plan, has called for changes in the deduction.

The six senators' draft plan states Congress should "reform, not eliminate ... tax expenditures for homeownership."

The group has not provided any concrete proposals on how the home interest deduction should be changed, but many are already on the table.

For example, the Obama administration has proposed limiting the value of the deduction for taxpayers in the top two tax brackets: 33 percent and 35 percent. These taxpayers would not be allowed to use the deduction to reduce their income in the top two brackets.

In effect, this converts the deduction to a 28 percent tax credit for these upper-income homeowners. Homeowners with incomes below $250,000 would generally not be directly affected by this proposal.

Other proposals call for limiting the deduction to homes worth $500,000 or less, rather than the current $1 million limit, and eliminating it entirely for second homes. Others contend that the deduction should be phased out entirely in return for lower tax rates for everyone.

What happens if the mortgage interest deduction is "reformed"? The National Association of Realtors says eliminating the deduction entirely would cause a 15 percent decline in the value of homes across the nation.

In high-cost areas, that impact would be greater, while in lower-cost areas the effect would be less. Obviously, the impact would be less severe if reform short of total elimination of the deduction is enacted.

On the other hand, some claim that reforming the deduction wouldn't be such a big deal. After all, the average home interest deduction is only about $2,000 per return. It's primarily upper-income taxpayers who would be affected.

Households earning more than $200,000 a year account for less than 10 percent of all returns filed, but account for 30 percent of all the tax savings from the home interest deduction. Households earning more than $100,000 a year get 69 percent of all the tax benefits from the deduction.

The mortgage interest deduction was adopted more or less by accident back in the 1890s. Since that time it has become one of America's best-loved tax breaks. Anyone looking to greatly change it will be in for a fight

 

For answers to your real estate questions, call Allison at 970-468-6800. Email - [email protected]. Her philosophy is simple, whether buying or selling, she understands that the most important real estate transaction is yours.  Want to know the value of your Summit County property? Visit www.SummitHomeValue.com  

Last Chance To Vote Summit Real Estate Best of Summit County!

by Allison Simson

Hello from Summit Real Estate! 

The Summit Daily News is conducting it's annual "Best of Summit" contest and this year Allison Simson is one of the nominees for Best Real Estate Agent!  We are thrilled to be included and would be so honored to have your vote!

Last year you voted us one of the top two companies in the county – THANK YOU! 

It's a fun contest and if you'd like to vote, we've included the online link for your convenience. 

Click the Best of Summit Icon below that will direct you to the link to vote. Then click on the blue vote tab at the top to make your choices.

Click through your choices until you get to the Best of 2011 – Best of Service

Vote Allison Simson as the Best Real Estate Agent category

 

Voting Ends July 30th!

Thank YOU in advance for your support!   And, as always, it would be our pleasure to assist you with your real estate needs!

Warmly,

Allison Simson, Owner/Broker
Lynn Sustad
, Buyer Specialist
Kelie Gray, Buyer Specialist
Anna Willis, Buyer Specialist
Kristi Warner, Client Care Manager
Margaret Bowes, Transaction Coordinator

Go Green 2

 

Strategies For Improved Time Management

by Allison Simson

This week, I am in a very fun city - San Diego - speaking at a national real estate conference- Star Power.  One of the topics I'm presenting on is "Choice Management"....managing choices in order to optimize time.  As a working mom, there are never enough hours in the day, so this topic resonates with me.
 
Here is a list of Time Management Skills that I came across- see if any of these might help make your day more efficient - and fun!
 
STRATEGIES FOR IMPROVED TIME MANAGEMENT
    -  Put your goals in writing
    -  Set priorities
    -  Make a daily "to do" list
    -  Work from your "to do" list
    -  Do first things first - start with the high priority items on your list
    -  Each time you handle a piece of paper, do something to move it along
    -  Have a place for everything and keep everything in its place
    -  Learn how you spend your time by periodically auditing your time usage with a time log
    -  Accept interruptions as part of your job, but keep them short
    -  Assert your right to control your time by saying "NO"
    -  Resist distractions
    -  Reorganize your work area to maximize your efficiency
    -  Look for new techniques to make you more effective and efficient
    -  Turn a crisis into an opportunity - try new ideas and methods
    -  Plan daily, weekly, and monthly
    -  Set deadlines for yourself and meet them
    -  Differentiate between urgent tasks and important tasks
    -  Keep it simple
    -  Don't postpone difficult tasks
    -  Make definite appointments; confirm them and keep them
    -  Make a special effort to get what you want out of the first hour of the day
    -  Do your most important work during your high energy periods
    -  Identify and systematically eliminate time wasters
    -  Focus on being "effective" (doing the right things) before being "efficient"

And Here's Your Morning Coffee!

What's a QRM?

by Allison Simson

Hope you're enjoying your summer.  Our sweet, mountain summer is in full swing here in the high country, and despite the rain, it's been glorious!
 
If you haven't heard yet, there's a new bill being purposed by Dodd/Frank that would require all future home buyers to have a 20% downpayment.  It's called QRM...Qualified Residential Mortgage.  VA and FHA loans would be excluded, but all other loans would fall under this new regulation.   Below is an article with the details and following that is a "Call to Action" from the National Association of Realtors.  I try not to mix work with politics, but I am not a fan of this proposed bill.  I'm all for more strict loan requirements so we don't go back to the loose loan requirements of the past that caused the mess we're still digging out of, but this is swinging the pendulum the other way.  
 
Want to buy a house? Downpayment rules might be changing

Published : Friday, 08 Jul 2011, 9:04 PM EDT
By: David Barras
INDIANAPOLIS (WISH) - Could you afford to buy a house if you had to have 20 percent down to get a loan? Fear that federal rules would make that the law has the real estate industry worried.
Kurt Flock has been selling real estate in Indianapolis for 30 years. New rules like the one the federal government is considering, called Qualified Residential Mortgages, or QRMs, don't make sense he told 24-Hour News 8.
"I've coined a phrase for that,” he said. “Quintessential regulator madness."
The rules are part of reforms passed by Congress last year, designed to avoid another mortgage market meltdown.
Flock said he worries about the strictness of the proposed rules."This particular rule would require people to put 20 percent down,” he said. “And it goes further. It will have more stringent income and debt ratio requirements and credit requirements."
The National Association of Realtors is worried enough about the rules and their effect on potential homeowners that it is buying ads like the 3/4 page one found in Friday's Indianapolis Star, trying to convince the federal government that requiring potential homebuyers to put 20 percent down is the wrong kind of reform.
"It's a way over-the-top response to what turned out several years ago to be some very poor underwriting standards,” said Louis Zickler, sitting in his office in downtown Indianapolis.
The real estate appraiser and a past president of both the Indiana Association of Realtors and the Metropolitan Indianapolis Board of Realtors said making a mandatory down payment rule makes no sense.  "It's being able to make the payment is more important than how much do you have to put down," he said.
Some loans, including FHA, VA and those insured by Fannie May and Freddie Mac, would be exempt. Much lower down payments, as low as zero percent for VA and 3.5 percent for FHA would still be allowed for those. But the industry believes a mandatory 20 percent down payment for any loan doesn't make sense.
"The fear is this will really eliminate the opportunity for a lot of people,” Flock said, “or increase the cost of borrowing. That puts homeownership that much further out of reach."
The proposed rules would also require lenders to keep 5 percent of the value of a non-qualifying mortgage on reserve, possible making it less likely they will make those loans. And most lenders don't like the proposed rules either.
The public comment period is ongoing for the rules under consideration. They haven't been adopted yet, and the ad is just one example of the high-visibility campaign against it. Aug. 1 is the deadline. Then the feds will make a decision.
 
CALL TO ACTION
From the National Assocation of REALTORS:  Help Keep the Dream of Home Ownership Alive. Stop the 20% Down Payment Requirement.  A new and costly rule called Qualified Residential Mortgage, is being considered right now by federal regulators. If the proposal goes through, it will require homebuyers to make at least a 20% down payment on a home purchase. The federal regulators have taken a new law passed by Congress intended for banks to do a better job of securing loans and instead are trying to turn the rule into a penalty on homebuyers.
Forget the idea of a 10% down payment or even a negotiated amount. It’s a fact: many hard-working, credit worthy Americans have a difficult time saving for the down payment to buy a home. If enacted, the new federal regulation will make it even more difficult for many Americans to buy their next or first home. Suppose you wish to purchase a $200,000 home. The proposed 20% down payment means you will need at least $40,000 upfront to satisfy Uncle Sam’s requirement. Similarly, in high cost areas, on a $500,000 home purchase, you’ll be required to put up at least $100,000.
Click here for more info:

http://www.homeowneractioncenter.com/

And now for your Tuesday Coffee....."Don't rely on someone else for your happiness and self worth.  Only you can be responsible for that.  If you can't love and respect yourself - no one else will be able to make that happen.  Accept who you are - completely; the good and the bad - and make changes as YOU see fit - not because you think someone else wants you to be different."    ~   Stacey Charter
 

 
As always, our success is dependent on

your continued support and referrals.  

Who do you know that's planning a move to the mountains?

2011 seen as 'turning point' for home prices nationally?

by Allison Simson

MacroMarkets panelists expect little growth through 2015

Question:  Allison, We’ve heard some more positive information about real estate prices.  What do you hear?

Answer:  According to Inman News, more than half of economists, real estate experts and investment strategists polled by MacroMarkets LLC in June said they now expect national home prices to hit a bottom sometime in 2011 and remain stable through 2015.

MacroMarkets polls more than 100 housing experts with a wide range of views, including FusionIQ CEO Barry Ritholtz, Moody's Analytics economists Mark Zandi and Celia Chen, National Association of Realtors Chief Economist Lawrence Yun, Freddie Mac Chief Economist Frank Nothaft, and Rosen Consulting Group's Kenneth Rosen.

Panelists are asked to project the path of the Standard & Poor's/Case-Shiller U.S. National Home Price Index over the coming five years. Robert Shiller is MacroMarkets' chief economist and co-founder.

"A significant majority of our panelists believe that the bottom for home prices arrived in the first quarter or will arrive sometime before year-end. Despite persistent macroeconomic uncertainty and unprecedented housing market dysfunction, almost two-thirds of the panelists see the U.S. residential real estate market as at an historic turning point," Shiller said in a statement.

The 69 panelists forecasting a 2011 bottom predict less than 2 percent average annual growth in prices through December 2015, he said.

"A 2 percent a year home-price increase will not inspire a lot of consumer confidence. Given prevailing inflation expectations, this forecast implies virtually no change in real home values going forward," Shiller added.

The most optimistic quartile of panelists projected, on average, a 15.3 percent price increase from year-end 2010 through 2015, while the most pessimistic quartile of panelists projected, on average, a 6 percent price drop.

"This spread is huge, representing almost $4 trillion in housing market value," Terry Loebs, MacroMarkets managing director, said in a statement.

"This is a gut-wrenching time for market stakeholders and policymakers, because each of these scenarios is plausible."

On average, panelists predicted a 3.52 percent drop in fourth-quarter 2011 compared to fourth-quarter 2010, followed by small increases every year through fourth-quarter 2015 when prices are expected to rise 3.47 percent on an annual basis.

 

Speakers at last month's Pacific Coast Builders Conference (PCBC) predicted a housing recovery would remain elusive until 2013 or beyond.

How does this affect us in Summit County?  We tend to lag behind the national economy by about 18-24 months.

 

 

For answers to your real estate questions, call Allison at 970-468-6800. Email - [email protected]Want to know the value of your Summit County property? Visit www.SummitHomeValue.com  

Summit County News & Views!

by Allison Simson

The Summit Real Estate- Simson/Nenninger Team - News & Views newspaper - your source for Real Estate news and properties in Summit County, Colorado - is now available in GREEN!

Please enjoy our Summer edition of Summit Real Estate News & Views.... 

We value your opinions and comments.  Let us know what you think!  Have a safe and happy summer! 

Vote Summit Real Estate Best of Summit County!

by Allison Simson

Hello from Summit Real Estate! 

The Summit Daily News is conducting it's annual "Best of Summit" contest and this year Allison Simson is one of the nominees for Best Real Estate Agent!  We are thrilled to be included and would be so honored to have your vote!

Last year you voted us one of the top two companies in the county – THANK YOU! 

It's a fun contest and if you'd like to vote, we've included the online link for your convenience. 

Click the Best of Summit Icon below that will direct you to the link to vote. Then click on the blue vote tab at the top to make your choices.

Click through your choices until you get to the Best of 2011 – Best of Service

Vote Allison Simson as the Best Real Estate Agent category

 

 

Thank YOU in advance for your support!   And, as always, it would be our pleasure to assist you with your real estate needs!

Warmly,

Allison Simson, Owner/Broker
Lynn Sustad
, Buyer Specialist
Kelie Gray
, Buyer Specialist
Anna Willis
, Buyer Specialist
Kristi Warner
, Client Care Manager
Margaret Bowes
, Transaction Coordinator

 

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Contact Information

Photo of Summit Real Estate Real Estate
Summit Real Estate
The Bright Choice
330 Dillon Ridge Way, Suite 10
Dillon CO 80435
970-468-6800
800-262-8442
Fax: 970-468-2195

Allison Simson, Owner/Broker, is a licensed Colorado Real Estate Broker