Gorgeous Virgil Corbridge custom home in desirable Mountain Shadows. Upgraded lot with incredible mountain/Pikes Peak views. Home recently updated with new carpet, appliances, hot water heater and paint. Professionally maintained 7 person spa with gazeebo hilights the back yard. Rear deck with power awning. Close to schools, shopping, Manitou Springs, Old Colorado City, University of Colorado, Garden of the Gods and 100's of miles of hiking and biking trails. A must see for any outdoor enthusiast.

Home prices are one factor in determining your cost of ownership, but so are interest rates and financing availability. Even though interest rates have gone up in the last six months, they are still near historic lows. Since your monthly mortgage payment is a combination of paying down your principal and paying the interest owed, if home prices come down a little further but interest rates up, it could cost you even more to service a mortgage on an identical home!

While a home is a major investment, it is also the center of your personal life. It's important to live in a home that reflects your taste and values, yet is within your financial "comfort zone." To that end, it may be more important to lock in today's relatively low interest rates and low home prices, rather than to hope for a further break in prices in the future.

Please give me a call if I can be of any assistance in determining how much home you can afford in today's market.