Denver was named America's No. 1 city on the verge of recovery from the real-estate slump in a segment on NBC's "Today" show. Click on the image above to view the segment in its entirety.
Real estate expert Barbara Corcoran, said Denver more than any other U.S. city is "clearly on a rebound." "It's really the perfect real estate success story. It had one of the highest foreclosure rates in the nation for years running, and now they've cut that foreclosure rate in half and they've turned the corner."
Denver, Corcoran said, has "a vibrant downtown, it has a high employment base, it has educated people, it has youth, [and] it has one of the biggest park systems in the country. "Everything about Denver is pointing up, up, up," she added. "Prices are moving up just now for the first time after seven years."
The 8 factors Corcoran used to determine Denver is rebounding are:
Real estate expert Barbara Corcoran, said Denver more than any other U.S. city is "clearly on a rebound." "It's really the perfect real estate success story. It had one of the highest foreclosure rates in the nation for years running, and now they've cut that foreclosure rate in half and they've turned the corner."
Denver, Corcoran said, has "a vibrant downtown, it has a high employment base, it has educated people, it has youth, [and] it has one of the biggest park systems in the country. "Everything about Denver is pointing up, up, up," she added. "Prices are moving up just now for the first time after seven years."
The 8 factors Corcoran used to determine Denver is rebounding are:
- Job growth potential
- A growing population
- Good weather
- Lots of first-time buyers
- No overbuilding
- A vital downtown
- A well educated population
- Foreclosures earlier than other cities
Source: Denver Biz Journal
Read more ...
http://denver.bizjournals.com/denver/stories/2009/05/18/daily31.html
Read more ...
http://denver.bizjournals.com/denver/stories/2009/05/18/daily31.html
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