With so much attention being given to Denver foreclosures and the underwater homes, much of the good news has been overlooked for the past few months. And while we’re not in a full blown housing recovery, we have been seeing a slow uptick in housing data and prices for homes throughout the Denver metro area.
THis article in the Denver Business Journal highlights two important points: 1.) Year over year prices have decreased, but 2.) Month over month prices have increased 2 months in a row. This is very encouraging.
But Denver home prices rose 1.4 percent in May from the previous month, above the 20-city composite growth rate of 1 percent.
It was Denver’s second straight month-over-month price gain, and April’s 1.5 percent price rise from March was Denver’s first monthly gain in 10 months.
All but four of the 20 cities covered by the Case-Shiller report also saw monthly price rises.
We’re helping many investors take advantage of the high demand for rent and the lower property prices (especially on Denver HUD homes and foreclosures). if you’re interesting in talking more about investing in Denver Distress properties, give our team a call at 303-726-1874.