A little Positive News in the Denver Real Estate Market

If you are looking for a positive perspective on in this crazy real estate market we have it below. Things are looking up here in Denver!

Seven hotels retain U.S. 36 plans: A faltering economy hasn’t chased hotel developers away from the U.S. 36 corridor, where seven hotels are slated to open before energy giant ConocoPhillips launches a new training facility on the former StorageTek campus in 2012. (Denver Business Journal)

http://denver.bizjournals.com/denver/stories/2008/10/06/story1.html

Home Prices: Now for the Good News: Denver listed in the top 7 of areas most likely to rebound. Denver’s overall outlook is sunnier than for most western cities because neither inventory nor prices spiraled out of control during the boom. (Yahoo Real Estate)

http://realestate.yahoo.com/promo/home-prices-now-for-the-good-news.html;_ylc=X3oDMTF0NTRjZTFlBF9TAzI3MTYxNDkEX3MDOTc2MjA0NjUEc2VjA2ZwLXRvZGF5BHNsawNob21lLXByb2Nlcy1nb29kLW5ld3M-

ULI ranks Denver among top 10 real estate markets: The Urban Land Institute named metro Denver one of its top 10 real estate markets to watch next year, in its Emerging Trends in Real Estate 2009 report released Oct. 21. (Denver Business Journal)

http://denver.bizjournals.com/denver/stories/2008/11/03/daily8.html?surround=lfn&brthrs=1

Halting the Mortgage Meltdown: Citigroup, JPMorgan Chase and Bank of America have separately announced plans to help ailing borrowers. On Tuesday, the Federal Housing Finance Agency, the regulator for Fannie and Freddie, announced its own sweeping plan. Collectively the hope to modify 1.3 Million loans.

http://www.forbes.com/wallstreet/2008/11/11/mortgages-fannie-freddie-biz-wall-cx_lm_1111citi.html

Supply of Unsold Homes Dives Again: The number of unsold homes on the Denver-area market continued to plummet in October, falling to an almost three-year low. There were 4,504 homes placed under contract, down only 3 percent from the 4,645 in October 2007

http://www.rockymountainnews.com/news/2008/nov/07/stock-of-unsold-homes-dives-again/?partner=RSS

Reprinted with permission: Land Title's positive perspective newsletter November.