Recent News Shines Ray of Hope on Denver Real Estate Market
Denver's Modest Home Value Gain Highest in the Country
As I’ve stated in the past, the Denver real estate market is not struggling as much as some other markets since it did not post the double-digit increases that were seen in many other parts of the country in recent years. This puts Denver at the front of the pack in making a recovery. What does this all mean for you? If you are thinking about buying a home, there is simply no time like the present to dive into the market. The buyer’s market coupled with a seasonably quiet time of year, offers plenty of housing options to choose from at great prices that may rebound soon. While this report is a ray of sunshine in an otherwise gloomy market, it gives us hope that a gradual turnaround for the Denver real estate market may on the horizon. At least this is what we are all hoping for as we scour the newspapers and the Internet for any good news. For more information on the state of the Denver real estate market, please contact TeamCox Realtors.
The month of October was filled with grim news about the Denver real estate market. It has gotten so bad that many of us dread reading the latest business stories about the local and national housing markets’ dismal condition as it is filled with reports of foreclosures, the suffering homebuilder industry, falling home prices, etc. Just as we thought all good news was lost, Denverites received a bit of positive news on their doorsteps on Halloween. Finally, I found a story that fell in line with my own perceptions on the Denver housing market. The Rocky Mountain News reported on Wednesday that the Denver area had the highest price appreciation in the entire country. While the S&P Case-Shiller Home Price Indices report of a .3 increase among Denver homes is very meager, at least it is an increase! And, it is the most impressive number found in the entire struggling national real estate market, which posted an average decline of .7 percent.
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