“A 10 percent drop is not a bubble,” Chris Mygatt. [...]
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Denver-area home prices soared by 14%, shows NAR data obtained by InsideRealEstateNews. [...] The only thing hurting the Denver housing market is the luxury portion of it, which is experiencing a “pretty amazing crash,” says Jeff Bernard. [...] “The pace of Metro Denver home sales is slowly strengthening and should reach a point early next year where monthly sales exceed those reported in 2009,” Tom Clark. [...] “Housing demand is a function of employment,” Mike Rinner. [...] “We keep hearing about this shadow market, but this is the first real quantification I have heard of,” said Tom Cryer, a broker with the Kentwood Co. “This report takes the shadow market from being something of an urban myth, to something that really exists.” [...] Home prices in the Denver-area are up 26.92 percent since 2000, according to the S&P/Case-Shiller report released today. Denver ranked No. 3 on the report for the year ending in June, as I wrote on my blog this morning. That puts Denver fairly squarely in the middle of the pack. Nine cities did better and [...] The S&P/Case-Shiller report released today has some encouraging news for both the Denver and national housing markets, as you can read in the blog I posted early this morning. It shows that Denver houses lost 3.6 percent in the first six months of the year, good enough for No. 3 in the country. Following the [...] “I think it is awesome,” Stacy Neir. [...] |
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