Denver - Ahead of the US in Housing

GOOD NEWS! This past week, the S & P/Case-Shiller home price indicates Denver was #3 for least amount of value decrease in the nation. There were only two cities that did better - Charlotte, N.C. and Cleveland, Ohio. They showed we lot approximately4.6% last year, where other cities across the nation faired much worse. IN FACT, some areas of the Denver metro area, actually gained value in the home!

Records show from March to April Denver areas homes gained .8 percent, compared with a 1.4 overall drop for the 20 cities mentioned in this article. A separate report was done by the Federal Housing Oversight. They stated there are approximately 1.4 million homes that were foreclosed on for sale nationally, which is severely impacting other sellers in this market. The distressed sales are generally selling for 10-20% less than the ordinary resale market.

Some geographic areas such as Boulder County and Washington Park are showing value increases even in this market.

The buyers are still being cautious, but this is a GREAT time to buy! Despite all the negative reports in the media, there are still great deals and great homes out there, and interest rates are still low! If the home is priced correctly and shows well, they will sell in this market!