When it comes to statistics for Denver homes for sale, it’s all in the spin.
Take this Denver Business Journal article referenced below. The Headline reads”Home Resales Drop 8.5% in February from 2010.” While that data is accuarate, buried in the acrticle is this nugget “Sales were up 3.4 percent between January and February 2011.” That’s important. Especially when you factor in the rush last year due to the first time homebuyer tax credit.
The artcile itself is decent and presents some good facts regarding Denver short sales and the first time homebuyer tax credit. In addition, it refenences the banks beggining to speed up the time table on short sales. However, a bit more analysis and some details on the inventory of Colorado foreclosures should be presented.
While the Denver maret isn’t roaring back, it is on a steady, slow, march upward.
Here is a link to the entire article from the Denver Business Journal:
Home resales drop 8.5% in February from 2010
Home resales in metro Denver were down 8.5 percent in February from a year earlier, following a similar year-over-year decline in January, according to Metrolist Inc. data released Wednesday.