Monday, June 29, 2009

Forbes: Denver best city to buy a home

This article doesn't come to any surprise to me. I've lost too many 1st Day on the Market full price or above offers in the last 2 months for this not to be the case. In the central Denver Neighborhoods where I work, well located and well priced homes and investment properties move FAST.

http://www.forbes.com/2009/06/22/cities-deals-home-lifestyle-real-estate-home-buying.html

"Denver scores very well in terms of being able to bring people into a stable housing market," says Christopher Cornell, an economist at Moody's ( MCO - news - people ) Economy.com says. "It has better growth potential than most cities today."
Cornell attributes Denver's stability to its main industries--energy and technology--that he says aren't likely to decline simultaneously. He also says its housing market didn't grow as much as in other parts of the country over the last five years. "Little boom, little bust," he says.

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