There are many ways to look at the housing market and the slow, but hopefully steady, recovery it's experiencing. I really like Trulia's Housing Barometer.
I've been feeling like the housing recovery has hit a bit of a plateau here in the Denver to Boulder area, and Trulia's Housing Barometer tells the same story.
NOTE: The Housing Barometer is a measure of national housing trends. For reliable information to use in making your home-buying or selling decisions, contact an active, local real estate agent.
The Housing Barometer is a monthly tracking of how the market is trending, with the beginning point - or '0%' being the worst of the housing crisis, and 100% being what was normal before the bubble.
3 key indicators are used: Housing starts; existing home sales; and the delinquency-plus-foreclosure rate. When these three are combined it appears the US housing market is about 35% back to normal. It's been in the same range now since January.
I have been watching the improving trends in local (Denver to Boulder) real estate with excitement, but also some caution. It seems pretty obvious that there's not going to be real recovery until more people have jobs.
Click the link to read Trulia's Housing Barometer report for yourself.
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Read more about life in Arvada, Colorado.
And here’s a little intro to Olde Town Arvada.
Gardeners might enjoy my posts about gardening in Denver to Boulder’s front range.
I write posts on real estate issues and local events in the Denver metro area, especially those communities between Denver and Boulder, as a public service. My hope is to give people an idea of the ‘flavor’ of our community, in case they’re new or moving to the Denver area.
I am a residential real estate agent, happily helping folks buy a house or sell a house in the beautiful and friendly suburbs northwest of Denver.
Copyright © 2012 Joetta Fort, The DiGiorgio Group