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Well the news is in, Denver has gone from top 5 for foreclosures in the country, to the number 5 best market in the country. The bad news is the the number 5 market in the country declined in value by 3.1%, to achieve such lofty status.
The good news is, the Denver real estate market is trending in the right direction!
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Bob, thanks for the interesting tidbits of information you post often. One thing I’ve seen get very little press and would like to see your comments on is this: Thanks to our good friends in the mortgage industry handing out loans like hall passes, how much do you think housing prices are inflated in the metro area? All those extra loans started what i’ll call artificial or temporary demand that helped prices balloon but the market has and probably will continue to course correct itself…. but by how much?