Forbes magazine has named Denver the top city to buy a home in a study of the 25 largest U.S. metro areas. The ranking was based on three key criteria: the change in price per square foot, the frequency of real estate transactions, and how evenly home-sales activity is distributed in a metro area.
In Denver, the average price per square foot of housing space increased 5.7 percent between February and March 2009. Transactions decreased 8.4 percent between March 2008 and March 2009, which was less of a drop than many cities. Regarding distribution of activity, 25 percent of the property sales occurred within about 25 percent of the city’s zip codes.
Denver was also named America’s No. 1 city on the verge of recovery in a May 19 segment on the NBC “Today”…
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