According to real estate expert, Barbara Corcoran, Denver is the #1 city in the nation to rebound from the house slump. Of course it shouldn’t take an expert to read the tea leaves. I have been saying for years that Denver / Colorado would be the first out of the slump. Really, if you know Denver well enough, it just makes sense. Denver (and all of Colorado) is an incredible place with great weather, a young population, every major sport, hip/trendy, fantastic dining and a wide variety of neighborhoods in the metro area for urban and suburban lifestyles.
This, of course, enforces what I have previously blogged about; that the market is brisk for homes at 250k and under. First time homebuyers are crawling out of the woodwork. Despite lending being a bit more difficult, there seems to be no shortage of buyers in that price range with money to put down. It’s the perfect recipe: great city, good job market, home prices are reasonable, interest rates are great. Add that all up and you get buyers. It’s actually quite basic.
Also, the luxury home market has been declining for some time now and prices are looking attractive. This segment of the market may take longer to rebound, but with prices falling on luxury, now is the time to jump in if you have been waiting. I have seen some luxury areas that have dropped home prices as much as 600-700k! Don’t wait. Take advantage of the low prices and rates and get the luxury you have always dreamed about!
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Thanks Andrew!
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Never really thought about copyrights. You can repost if you would like, but just give credit where credit is due…5280FineLiving.com!
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Hey Gary: I will do my best to keep adding good and useful information. Thanks!
Hi,
well written article, I think our views on Denver #1 to Rebound! differ a little however you put foward some good points
Thanks
Richard:
How do we differ? I would love to hear your comments.
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