Forbes.com announced today their “Best Cities to Buy a Home” list and Denver ranked among the top five.
Forbes.com looked at three sets of data in the 25 most populated U.S metro areas to determine their list. See the full article: http://www.forbes.com/2009/06/22/cities-deals-home-lifestyle-real-estate-home-buying.html
In a nutshell the article quotes Christopher Cornell, an economist at Moody’s as stating “Denver scores very well in terms of being able to bring people into a stable market.” He notes that Denver’s main industries – energy and technology – are not likely to decline at the same time, hence offering job stability.
Also stated in the article, and as we have all been hearing from housing experts for years – is the Denver home market did not experience the huge run-up in prices that many markets experienced so we are largely bypassing the housing bust.
Keep this great news coming!
Michelle A. Potter
RE/MAX Professionals
