According to the NBC's today show. Denver ranks on the top of the list of cities likely to recover from the housing downturn. Check it out here:
http://today.msnbc.msn.com/id/26184891/vp/30825142#30825142
Several things ring true with this video. Denver does have a highly educated population and a large population of small and mid sized companies that can grow fast. The other things that comes to mind was that we had a lot of foreclosures early. In fact, there was a time when Denver was on the top of the list for another reason - foreclosures.
From a local practitioner perspective I am personally seeing product go under contract, and quickly in certain parts of town at certain price ranges. When you're with buyers and they fall in love with a property but find out that it went under contract that really make them think. They realize they have to act quickly and bring their check book when they are out showing so we can present contracts quickly. I've had buyers recently get properties they liked bought out from under them by someone else. All good signs for Denver.
You can get more information by checking out our website at www.BevGrothProperties.com
Todd Groth
720.203.9624
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