Comments on: Denver ranked No. 2 by S&P/Case-Shiller

By: DDenver experts pleased, not surprised, by Case-Shiller results | InsideRealEstateNews.com

Tue, 27 Oct 2009 19:17:44 +0000

[...] Contributors « Denver ranked No. 2 by S&P/Case-Shiller [...]

By: Tom Cryer

Tom Cryer — Tue, 27 Oct 2009 17:17:23 +0000

Here’s the bugaboo for Denver Residential Real Estate moving forward. A borrower putting 5, 10, or 20% down on a purchase a few years ago, has no equity today and in many cases is in a negative position. Short sales and Public Trustee sales will continue until we have gained real equity growth in our market. This will take us out into 2012 at least for those borrowers. Think of 1989 as today, and 1992 as 2012, and you will have a good handle on what to look for in Denver’s Residential market. The deal to be made today is for the few move up buyers with equity. Selling in $0-500K range and moving up has never been better, and clearly interest rates will not be this gratuitous by then either. This is the time in the market where skilled advice will serve you well!

By: Tom Cryer

Tom Cryer — Tue, 27 Oct 2009 17:17:06 +0000

In a bifurcated price caldron of over and under $417K, Denver is as two faced as a middle school socialite. Where Denver has a shortage and a multiple offer market at $200K and below in many neighborhoods, Denver’s Happy Face is clearly evident. Over the conventional loan limits of $417K, Denver shows its other evil face. In some market’s over $1M, there is standing inventory in excess of 2 years supply. The Denver Metro Area manages to survive in spite of Pennsylvania Ave., Wall St. and Capitol Hill.