Thursday, October 27, 2011
Denver Ranks 10th in Nation for Housing Market Strength
Out of 100 major cities in the U.S., Denver was in the top 10 for housing market strength. A study done by Hanley Wood LLC used housing values, job growth, rental market, number of foreclosures, expanding public transit systems, and local economy all as criteria for the study. Denver was strong in all 6 categories, with stable house values, slow but positive job growth, dwindling foreclosure numbers (as investors know), expanding lightrail system, and strong local economy - just go to Downtown or Cherry Creek any night of the week - you'll be asking yourself, "Where's the recession?". Restaurants and bars are always packed, which is always a good sign. With all of these factors, it's easy to believe that Denver ranked stronger than 90 other major cities in the U.S.!
Check out the very detailed and informative PDF study on Denver by Hanley Wood LLC here