Denver Market One of the 7 Best

According to Smart Money Magazine November 2008 issue they named Denver one of the 7 most promising cities for a real estate rebound in the near future. I would agree.

In the magazine they quoted the PMI Group’s quarterly risk survey which might be the best risk assessment survey in the business and here is what they said,

“According to PMI’s ‘Risk Index,’ which estimates the odds of prices falling in a given market, at least 65 percent of the nation’s 386 metro areas have less than a 10 percent chance of seeing lower prices two years from now." Denver’s risk is under 2%!

I believe there is a lot of pentup demand in Denver from homeowners who want to move up or to a new neighborhood. 2009 could be a great year for home sales in Denver.
To read the story yourself, click below

http://www.smartmoney.com/Personal-Finance/Real-Estate/Now-for-the-Good-News-on-Home-Prices/