Denver Number One Of Top Housing Markets On The Rebound
Posted by TheHomeCart.com on Tuesday, May 19th, 2009 at 12:49pm.Denver, Colorado, is projected number one of five top American real estate markets on the verge of recovery from the housing slump per Barbara Corcoran speaking on MSNBC Today.
Characteristics of a city that could rebound:
1. Job growth.
2. Growing population.
3. Location with good weather.
4. Lost of First-Time Home Buyers.
5. No overbuilding of condos or office spaces.
6. Vital Downtowns where people can live without a car.
7. Well educated population.
8. Large number of foreclosures early.
Top housing markets:
5. San Francisco, CA
4. Seattle, WA
3. Austin, TX
2. Raleigh, NC
1. Denver, CO
Some reasons Denver leads the nation mentioned are that in Denver you can get a 3 bedroom, 2 bath for $193,000. Denver is a great real estate success story. It once had the highest foreclosure rate in the nation for years running, now the rate is cut in half. The city has a vibrant downtown, high employment base, well educated people, lots of youth, and one of the biggest park systems in country. Everything is pointing, up, up, up!
Three cities with the hardest road ahead of them:
1. Fort Myers, FL
2. Saginaw, MI
3. Akron, OH
Some reasons in common for the challenging recovery for these cities include low housing prices, in the last year alone, decrease in housing prices 50-60%. No infrastructure to support jobs and to bring young people in and to keep them there. These cities may have a tough time pulling out of the spiral.
Review Denver home values on our Denver real estate website.
Our select team here with TheHomeCart.com and Brokers Guild - Cherry Creek Ltd is committed to meeting all of your Colorado real estate needs. We use the latest technology and utmost degree of customer service to enhance your real estate buying and selling experience. Our team services the Denver Metro area helping buyers and sellers with homes, townhomes, condos, lofts, and investment properties. We specialize in offering relocation assistance for local, national and international buyers of homes and properties here in colorful Colorado. For more information about buying or selling your Denver area home, please contact us here at TheHomeCart.com.
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