Economic Observations Local

Writing this when its 90 Degrees in Summit County, there are several nuances to be highlighted. This is the first year in the last 30 that Lake Dillon has been full and there are no boats on moorings in the Town of Dillon and there are windmills on the top of light poles at the Frisco Marina. I-70 is totally jammed with cars coming up from the Front Range with people trying to get just a taste of the cool beauty that is Summit County.

Dillon has no boats on moorings because for the first time in Dillon's history there are not enough people who can afford to put their boat on the lake. The Town of Frisco, however, has hundreds of thousands of dollars to spend money on windmills designed for really windy places. And yet, the people of the Front Range have not lost sight of the fact that Summit County is the place to be.

Stay tuned. When things equalize out in the economy, Summit County is the place that people will want to be. There are people flooding into Summit County right now by the 10's of thousands just for this weekend.

Mid-Summers Blues

Spring started out with the promise of some really good real estate activity. The early summer before the 4th of July -- there was a serious stall in the market which was absolutely tied to the demise of the stock market and tied to consumer conference among affluent Americans. In the last 3 days the stock market has gone up, the interest rates have gone to the lowest they have been since they started tracking them in 1971 and the Russian Spys have been captured. Curiously, our market is all about consumer confidence and we are only a few days away from significant upswing in confidence. Enjoy the rest of the summer and fall because the bad days are behind us.