Rational apathy replaces irrational exuberance for the decade unfolding, according to Tom [...]
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Rational apathy replaces irrational exuberance for the decade unfolding, according to Tom [...] “The harsh reality is that we are where we need to be,” Patty [...] “We are not out of the woods completely yet, but a lot of our indicators in the residential market seem to suggest that we are seeing a firming up activity, and, hopefully soon we will see a much better and more positive range of prices and some modest appreciation.” Patty [...] Colorado’s foreclosure black eye is [...] “It sounds like a cliche, but we are a market on to ourselves,” Gary [...] “These indicators still point to an economy beginning the process of recovery and emphasize a key point,” stated Patty Silverstein, chief economist for the Metro Denver EDC and president of Development Research Partners. “Metro Denver and Colorado still have the strong fundamentals necessary to make recovery happen faster and stronger than other areas of the country. We have many future jobs in the [...] Denver-area home prices have risen an average of 28.79 percent since January 2000, putting it in the middle of the pack of 20 metropolitan statistical areas in the U.S., shows the S&P Case-Shiller Home Price Indices. Most of the focus of the report – which I blogged earlier today – is on the year-over-year and monthly [...] The S&P/Case-Shiller Home Price Indices released today, which shows the Denver was No. 3 of the 20 metropolitan statistical areas, is another sign that the local housing market is improving faster than most of the nation, experts said. I initially blogged on the report earlier this morning. “I think, certainly, that the feeling has been all [...] The Metro Denver Economic Development Corp. today released its September economic outlook report. “Consumers are largely anticipating better conditions, but that optimism has yet to change their willingness to spend,” according to Patty Silverstein, chief economist for the Metro Denver EDC and president of Development Research Partners. “This will hold recovery back as consumer spending drives [...] |
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