Denver is the third least affected market by the downturn in the US! According to the S & P/Case-Shiller Home Price Indices released on Tuesday 11/25/08 -- Denver is sitting pretty good, considering other markets across the US experiencing MUCH more value decreases. According to this source, Denver is showing 5.4% decrease in home value over last year's sales, which is good - considering other markets averaging 17.4 percent drop in values!
We are still not selling at 2004 home prices, but will get there again. The nation's unemployment rate is 6.5 - which is a 14 year high, and expected to climb higher into 2009.
Joan Cox
Metro Brokers - Turning Point RE
720-231-6373
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About Me
- Joan Cox
- Denver, Colorado, United States
- With 13 years in real estate, I specialize in relocation, new construction, investor purchases, first time homebuyers and sellers. Ask me about my web site! Call today - 720-231-6373 In August 2009 I opened MY OWN Metro Brokers office in the Tech Center.
