One of the many daily newsletters I subscribe to online is 5280's Daily News Roundup. Here's a "quick hitter" from today's report...
Not Bad: The Denver Real Estate Market
As Wall Street's mortgage woes ripple across the country, Denver appears to be doing relatively well. In fact, the Mile-High City is among places to watch, according to the Emerging Trends in Real Estate 2009 report by the Urban Land Institute and PricewaterhouseCoopers, which is the "oldest, most highly regarded annual industry outlook" for real estate, according to MarketWatch .
Federal government offices will buffer job losses. Population growth and diversifying industries will keep housing stable. "Mass transit should pay future dividends," according to the report, which foresees a harsh couple of years ahead nationally. The Denver Business Journal notes Seattle and San Francisco are the top two cities to watch, as the industry otherwise struggles with property owners "drowning in debt" and lenders not lending.
The best part of the Denver market seems to be the little guys. Homes in the $50,000 to $250,000 price range are going quick, according to The Denver Post.
