According to a recent Trulia article, Colorado ranks near the bottom on the “Housing Misery” index. “Housing Misery” is calculated by determining percentage changes from the housing peak to its current level. The more of the discrepancy between the peak and now, the more the housing misery, essentially. This study also factored in mortgage delinquencies and foreclosures.
According to the article, Colorado had the 15th lowest “Housing Misery” score, indicating the Denver metro area and other areas of Colorado have a relatively stable housing market. Nevada, Florida, Arizona and California ranked at the top of this list.
Given what we real estate professionals have seen in the Denver market, I would say Colorado does have a relatively stable housing market and should continue to strengthen as the housing market and economy in general continues its recovery.
With constant news of housing strength in Colorado, coupled with historically low interest rates, I can’t think of a better time for buyers than right now!
Author:Jason Peck Phone: 720-446-6301 Dated: August 27th 2012 Views: 705 About Jason: ...
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"We worked with Karen Venier for a relatively short time for a good reason: our home sold at full price within hours of hitting the market! While it’s true that the Denver housing market is “hot,” credit for the speed and ease of our transaction belongs to Karen. She was great to work with, giving us perfect advice about readying our home for sale and then expertly guiding us from offer to close. Along the way, we came to appreciate Karen for her skillful blend of professionalism and personal touches – like dropping off our favorite beverages during a particularly stressful time in our move or shoveling our driveway in subzero temps after we’d left the state (way beyond the call of duty!). Now that we’ve relocated to Wisconsin, we keep saying that we wish Karen could be our buyer’s agent here. Since that’s not possible, we’ll shout her name loudly to whoever might be looking for a home in the Denver area.
Thanks for the great work, Karen!