Denver is Past the Downturn

Denver is Past the Downturn

A recent report done by Trulia has declared nearly 30 cities around the country to be past the real estate downturn and are now “in the clear”. The #1 ranked city that is our own Denver, Colorado which saw a 7.2% increase in asking prices and has had a decrease in foreclosure rates.

Colorado Springs also made the list coming in at 6th place with a nice 4.3% increase in asking prices.

I’ve seen myself that new home construction is also coming back. One example is Copperleaf, which is in eastern Aurora near E470. Some tracts of land that have been sitting undeveloped for a couple of years now has activity putting in sewer lines and other basic infrastructure as well as having actual new homes being started.

All these signs point to a housing market that is slowly strengthening. If you’re looking to buy your first home, or a new home, the time is certainly now to start looking.

Jason Peck Headshot
Phone: 720-446-6301
Dated: August 28th 2012
Views: 729
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