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denver economy: Denver Among Areas Recovering the Fastest from Recession - 03/17/11 05:01 PM
According to a recent Denver Post report, Denver and Colorado Springs are among the metro areas recovering the fastest from the economic recession.
Denver was one of six metro areas (out of the 100 surveyed) that outperformed the job creation rate during the 4th quarter, growing 0.8%, according to Mountain Monitor, a report by the Brookings Institution. The report also took other economic indicators into account, including metropolitan product, which was up 4.5% in Denver from its peak in the 4th quarter of 2008.
Unfortunately, the Denver real estate market isn't one of the factors helping the recovery.
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denver economy: All of the Stars are Aligned in Colorado for the Home Buyer - 08/06/06 09:09 PM
The Colorado foreclosure rate, which is often ranked the highest on thecountry, is ever-increasing although this isn't always bad news for Denver homebuyers. Homebuyers that have been "fence sitting" should consider taking full advantage of the effects of the more than 9,500 foreclosures that were filed during the last six months. This represents s 34% increase from the same period last year.
The high foreclosure rate puts unneeded pressure on the Denver housing market, which is already a buyer's market. This results in even a greater selection of homes on the market and more room to negotiate a good price.2006 is on … (0 comments)
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denver economy: A BUYER'S MARKET IN DENVER'S BEST NEIGHBORHOODS - 07/30/06 04:26 PM
A BUYER'S MARKET IN DENVER'S BEST NEIGHBORHOODS The only neighborhoods in Denver with any appreciation over the past six years have been close in to town and highly sought after. Now, reports are that places such as Hilltop, Crestmoor, Bonnie Brae and Washington Park are way off in number of units sold this year over last. The numbers are off substantially and sellers are willing to deal.
In the meantime, most economic indicators are showing the Denver economy is picking up momentum. In Denver, when these down cycles hit, they notoriously run six to seven years. Usually not much longer. Could … (1 comments)
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