Per Case-Shiller's reports - March 2010 increased 4.1% over March 2009, which is the fifth consecutive month of rising home prices.
Since November 2009, home prices have increased ever so slightly across the City. Last year, Denver was often one of the top three cities tracked by Case-Shiller, as far as year-over-year changes, being one of the nation's top metro areas for increases in home prices.
Denver's ranking for this nationwide survey was seventh place, with many California towns taking the top spots. Denver has been known to be a relatively stable marketplace. We do not have the "yo-yo effect" as California is known for. Denver touts a lower unemployment average - which currently is a couple of points below national average. This gives Denver a "steady, and relatively affordable market" reputation.
The $1 million-priced home sales activity has been rising in the first four months of 2010. There are some really good deals in the upper-end homes, and we are seeing people using stocks/investments to purchase these deals. There are speculation that there will be a larger demand for real estate as investments vs investing in the stock market.
DENVER is the place to BE!
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