While home ownership in America was once seen as a driving force for economic stabilization, the housing bubble in the last ten years prompted many mortgages they could not afford when the housing market crashed in 2007.
The overleveraging of credit through risky mortgages was seen as a symptom of flawed tax and housing policies.Now, renting, not buying, is being promoted by some as a safer way to ensure economic stability .But the logic behind this logic is now is flawed, especially in the front section, where the Denver North Carolina real estate conditions are improving significantly.
Property prices in the Denver NC area have actually fallen 12 percent since the bubble burst in late 2008. This means that consumers for homes for sale in Denver can now good deals on properties, low, stable prices have.
In fact, the 12 percent average drop in Denver real estate prices was much smaller than in certain areas of the metro area, such as Charlotte, where certain Charlotte NC condos and Townhome prices dropped 33 percent from 2007 to 2010.
Of course, for homebuyers who purchased Denver NC real estate between 2004 and 2007, this means that the price of their Denver property is most likely lower than when they first purchased. But for these owners the cloud does have some silver in the lining. For starters, rental rates are increasing at a steady pace and vacancy rates are near a 10-year low so there aren't many other options that would be better if they can't sell their home & need to move on with life..
In addition, population is still growing by double-digit growth rates, the Denver NC area must meet real demand for Homes by folks who are relocating to the area.
For new homeowners not bogged by underwater mortgages, this is a great time to be looking for Denver NC homes for sale.
With Denver properties at reduced prices, and many foreclosed homes for steep discounts, now is a great time for all home buyers Denver North Carolina, is perfect for an investment or a great place to live in the search.
With property values stabilized and the state's population increasing, look for Denver property values to increase in the coming years, keeping Denvre North Carolina real estate as the strong, stabilizing asset it almost always has been.
The Naylor Team - Ken and Denyse Naylor - specialize in residential home sales in the entire Lake Norman area! You'll find a wealth of information you need on homes for sale here on our site