Denver Real Estate | Things are Looking Up in Rocky Mountain High

By admin • October 14th, 2010

Denver real estate has long been a barometer for the rest of Colorado. But now, in the recession, the city is behaving out of character. One day things might look promising; the next, not so good. With the rest of the state looking for guidance, it is easy to see how many realtors are concerned. But the truth is the market is trying to work itself out. It is vulnerable to the economy. It is aggressive in its method. And it will not go away. Gently. So, the big question is when and how the market will recover, not if it will recover. Denver was named America’s No. 1 city on the verge of recovery from the real-estate slump in a segment Tuesday on NBC’s “Today” show. Real estate expert Barbara Corcoran, a regular guest on the show, said Denver more than any other U.S. city is “clearly on a rebound.” “It’s really the perfect real estate success story,” she said. “It had one of the highest foreclosure rates in the nation for years running, and now they’ve cut that foreclousure rate in half and they’ve turned the corner.” Denver, Corcoran said, has “a vibrant downtown, it has a high employment base, it has educated people, it has youth, [and] it has one of the biggest park systems in the country. “Everything about Denver is pointing up, up up,” she added. “Prices are moving up just now for the first time after seven years.” So there you have it, if you live in Denver, things are looking pretty good. For savvy investors, there is still time to cash in on some low prices. If you have the right capital, credit and security, now is the time to buy.

MIchael Russell writes about a variety of subjects. This article discusses Denver real estate. For more information, visit the Real Estate Book.

 

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