USA today has published a map that shows Colorado to be ready for an economic expansion. Even the metro areas (with the exception of Colorado Springs) should be in a growth phase by the end of the year. Most folks think our Denver Real Estate market is in the tank, yet the story shows Denver ready to expand.
The story also places a fair amount of cause and effect on the over-inflated housing prices (can you say "real estate bubble"). Denver and the suburbs certainly never experienced a drastic run up in values that would create a precipitous drop. So your Highlands Ranch Home is probably worth about what you paid for it a few years ago, if not more.
The explanation for this mapping is held in this paragraph in the story
"That's mainly because a marked contraction in housing is leading the overall economy down this time. Housing had been instrumental in boosting many regions, particularly the Southwest, in recent years. "
Here is the link to the full story:
http://www.usatoday.com/money/economy/2008-03-04-local-differences_N.htm
When everyone is selling it is time to be buying. We schedule regular seminars on using your self directed IRA or 401k to buy rental properties. If you would like to know how
Since 1985 nice folks have been putting my years of experience to work for them, learning about their new home town! Whether it is Highlands Ranch real estate or Lone Tree, Littleton, Castle Rock, Centennial, Englewood, Parker, Elizabeth, Larkspur, Franktown, Kiowa, or anywhere in metro Denver Colorado, we offer real estate advice, properties for sale, multiple listing service, property listings, mls, all available at http://www.DenverRelocation.com.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment