Looking for some good news?
Since January, three independent sources have rated Denver's residential real estate market in terms of risk for Denver investors and Denver homebuyers. And all three companies rated us well in comparison to other MSA's (metropolitan statistical areas) in America.
HomeVestors, the "ugly house" people, issued a list of the top ten real estate markets. The short list included Denver as a key area to invest in real estate in 2009.
Additionally, The PMI Group published its 2009 Winter Index. The index predicts that over half of the nation's MSA's will see further declines in housing prices through 2009 and into 2010. However, The PMI Group also provided a list of ten MSA's that were stable, and Denver made that short list, as well.
And - especially noteworthy - the S&P/Case-Shiller Home Price Indices recognized Denver as faring third best among the top 20 U.S. cities in 2008.
Denver, in fact, has several communities that enjoyed gains in home prices in 2008. Washington Park, Bonnie Brae, Observatory Park and Highlands Ranch all fared well. More on those communities later ...
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