If you need to re-read the headline, go ahead.
Take a deep breath... it's not a misprint.
Forbes Magazine this week named Denver as one of its TOP TEN markets for home sellers in the United States. Here is the Forbes list:
1. San Jose
2. San Francisco
3. Salt Lake City
4. Austin, Tx
5. Kansas City, Mo
6. San Antonio
7. DENVER
8. Providence, RI
9. Charlotte
10. Seattle
While acknowledging the negative impact foreclosures have had on our market, Forbes points to a 49% reduction in new construction starts and robust job growth as reasons our market will continue to rebound through the summer months and into the fall.
Citing similar fundamentals, last August the National Association of Realtors projected Denver to be one of its top five housing markets in 2008.
It's important to note that there are "submarkets" all throughout the metro region. Some of these markets are quite robust, while others remain in tatters. With real estate, it's always about location, location, location.
But it's encouraging to see more of our submarkets turning around. I remain convinced that this is the best window of opportunity for buying a home in the past decade.
