Sunday, January 11, 2009
The Metro Denver residential real estate market appears to be fairing better than most other major markets across the country. Depending on the source for market data, the overall Denver market has experienced fairly stable market values or a 5-13% decline, over the last year. That is fairly good compared to other parts of the country that have experienced up to 30% depreciation, in the last year. The Denver market remains very diverse, some areas are doing well while other areas are struggling. The best news remains to be mortgage rates, currently around 5.0% for a 30 year fixed rate. With low interests rates and great prices on housing, it is an excellent time to be buying.
Contact me for more information on the real estate market. You can also read a recent article from the Rocky Mountain News, on this subject.



