"Forget The Market. Buy A House." -- Wall Street Journal, August 18, 2011

Quoted from the Wall Street Journal, August 18, 2011:

Forget the Market. Buy a House.

By Jilian Mincer

With the Dow Jones Industrial Average down more than 400 points today, and many market experts predicting more volatility ahead, some advisers are recommending their clients put some of their cash to another use: To buy that house or summer home at the shore.

Potential homebuyers certainly have plenty of incentives: Home prices are still way down in many parts of the country, and mortgage rates are nearing their all-time lows. Consider: The benchmark 30-year fixed-rate mortgage fell 1 basis point this week, to 4.45 percent — just a few basis points above the record low hit in October 2010, according to the Bankrate.com national survey of large lenders. Freddie Mac, meanwhile, reported today that the 30-year fixed-rate mortgage averaged 4.15% for the week ended Aug. 18, its lowest reported rate in 50 years.

Another reason to act now, say experts: While the recent passage of the debt deal is likely to keep mortgage rates low for now, homebuyers could soon find themselves with fewer incentives once the details of the debt deal are ironed out. Lawmakers have been debating a simpler tax system with lower tax rates and fewer tax breaks that could include reducing the generous mortgage tax deduction as part of the long-term spending cuts that must be agreed on this fall.

Of course, buyers still need significant down payments, stellar credit and job security, but if “you’re financially prepared to do so, it’s a great time to buy a house,” says Greg McBride, senior financial analyst at Bankrate.com. “Affordability is tremendous, and if you’re in a position where you have the financial security that others are lacking, you’re in a great position to grab a good deal.” Rebecca Hall, a financial planner in Reston, Va., said several of her clients have decided to buy second homes instead of putting more money in the market. “People don’t view real estate as volatile as the market,” says Hall. “Housing prices go down, but people aren’t on-line looking at it every day,” she says. “You view housing as a much longer term investment so it’s a little easier to handle [the volatility].”

If I can provide further information on this article or on Telluride real estate, please give me a call at 970-728-1234, email buzz@fedorka.com, or visit my website at www.fedorka.com.

Additional Weekly Overnight Flight Into Telluride This Summer

Great Lakes has added an additional weekly overnight flight between 7/17/11 and Film Festival/Labor Day Weekend on Saturday nights. What this means is that there is now an overnight Denver-Telluride flight coming in on: Thursday/Friday/Saturday/Sunday, and an early AM return from Telluride-Denver on: Friday/Saturday/Sunday/Monday

Also note that Great Lakes has added some additional flights over Film Festival. It's now easier than ever to get to Telluride!

For more information on this or Telluride area real estate, please feel free to contact me at 970-728-1234, buzz@fedorka.com or www.fedorka.com.

Summer Concert Series Lineup Announced!

Telluride Mountain Village Owners Association (TMVOA) announces the 2011 Sunset Concert Series!

Every Wednesday Starting at 6:00pm, Free
July 6th - August 24th Sunset Plaza, Mountain Village

The Telluride Mountain Village Owners Association invites you to another season of outstanding music on the Sunset Concert Series stage. In its 12th year, the series brings an impressive lineup to town; a mix of blues, soul, reggae, psychedelic and more. The party happens at Sunset Plaza, on the lawn near Lift 1. The bands start at 6:00pm every Wednesday and they play rain or shine. All Sunset Concert Series shows are completely free and open to the public; the series is sponsored by Elevation Vacations, All Phases Event Group, and lumière.

The 2011 Sunset Concert Series Lineup:

July 13
The Stone Foxes ~ Foot stompin' blues-rock in the mold of Zeppelin and the Stones. For more information on The Stone Foxes, click here

July 20
Joint Point ~ Hailing from the mountains of Southern Colorado, and built on the strength of their original and improvisational musical adventures, Joint Point is quickly becoming a coveted commodity for the hungry Colorado music scene.. For more information on Joint Point, click here

July 27
3 Twins ~ subdudes members John Magnie, Tim Cook and Steve Amedee featured on HBO's Treme. For more information on 3 Twins, click here

Aug 3
Paul Thorn ~ Passionate songs that mix blues, gospel and country-rock. For more information on Paul Thorn, click here

Aug 10
Nathaniel Rateliff ~ Critically acclaimed, rustic Americana singer-songwriter who is an opening act for Mumford & Sons this summer. For more information on Nathaniel Rateliff, click here

Aug 17
Mountain Standard Time ~ Colorado groove-grass bolstered by sax and drums following the lead of SCI, Leftover Salmon and the Flecktones. For more information on Mountain Standard Time, click here

Aug 24
Ruthie Foster ~ Grammy-nominated blues-folk singer/guitarist and member of the new Warren Haynes Band. For more information on Ruthie Foster, click here

TMVOA's Red White & Blues Celebration Details

From the TMVOA:

The Telluride Mountain Village Owners Association (TMVOA) Presents...
Red, White & Blues Celebration!
Saturday, July 2, 2010 from 2:00 - 6:00 p.m.
Featuring Hot 8 Brass Band

Kick off the 4th of July holiday weekend with a free concert in Sunset Plaza!

Join us on Saturday, July 2nd at 4:00 pm to kick off the 4th of July holiday weekend with a free concert in Sunset Plaza. This year, TMVOA is proud to present Hot 8 Brass Band.

Click here for more information on Hot 8 Brass Band.

In previous years, TMVOA has been proud to bring performances by Lavay Smith and her red hot skillet lickers, Grace Potter and the Nocturnals, The Blind Boys of Alabama, and Jonny Lang for this family event.

In addition to great live music, there will be family-friendly activities beginning at 2:00 pm, including X-box gaming, balloon tying, jumping castle, face painting, and the ice cream social benefitting the Telluride Adaptive Sports Program (TASP).

We hope to see you in Telluride for the 4th of July Holiday Weekend! For more information on this or Telluride area real estate, please feel free to contact me at buzz@fedorka.com; 970-728-1234 or visit www.fedorka.com.

$89 A Night Lodging

The Telluride Ski & Golf's lodging division is offering $89 per room per night at the Bear Creek Lodge. For more information, call 800-778-8581.

For more information on this or on Telluride area real estate, please feel free to contact me at buzz@fedorka.com, 970-728-1234 or www.fedorka.com.

Peaks Spa Memberships Now Available

Spa memberships are now available!

Memberships:
- Annual Family Membership: $1,800 initiation fee, $350 per month dues
- Single Person Membership: $1,000 initiation fee, $250 per month dues
- Business Membership: $1,800 initiation fee, $350 per month dues and Business can assign up to 4 employees to membership (limited number available)

Spa Member Discounts:
- Free fitness classes
- 10% at boutique
- 10% off treatments
- 10% off salon
- 2 hours complimentary parking subject to availability
- 1/2 off guest passes

For more information on this, or on Telluride area real estate, please feel free to contact me at buzz@fedorka.com, on my direct line at 728-1234, or visit www.fedorka.com.

Telluride's Golf Course is Now Open

Telluride's golf course opened this morning - Telluride Ski & Golf is offering lodging packages from $121/person/night for 2 nights' lodging and 2 rounds of golf.

For more information on this, or on Telluride area real estate, please feel free to contact me at buzz@fedorka.com; www.fedorka.com or on my direct line at 970-728-1234. Happy Spring!