Friday, August 14, 2009


Forbes Magazine has released a study of 161 metropolitan statistical areas (MSAs) around the country, looking for markets with the most upside as the national economy begins to regain its footing.

Denver is ranked number seven on the list.

Forbes says foreclosures currently account for just 24% of sales in the region (compared to 70% or higher in parts of California and Nevada), and prices have stabilized in many parts of the metro area. According to the magazine, while the higher end of the market remains soft, entry level homes are showing strong value increases as first-time buyers chase after limited inventory, low rates and the $8,000 federal tax credit.

Exactly what we're seeing on the street.