360dwellings - The Denver Real Estate Blog

Posted by Ryan Penn, Denver Realtor, Jan. 15th, 2009

Below is an interesting article that was printed today in the Rocky Mountain News.  Compared to other markets, Denver homes are holding their value better.

“Home prices in the Denver-Aurora metropolitan area have less than a 1 percent chance of declining in value during the next two years, according to a national report released Wednesday.

The report by PMI Mortgage Insurance Co. could help accelerate an expected surge of real estate investments by savvy buyers looking for bargains, said one local expert.

“In the last couple of weeks, I have been hearing that some very large and fully capitalized hedge funds and opportunity funds are aggressively wanting to make deals in Denver,” said Mike Rinner of the Genesis Group, which tracks Front Range housing.

“The kind of national press from the PMI report about Denver being a low-risk area, as far as declining values, is going to make these investors want to make their moves sooner rather than later,” Rinner added.”

Read the rest of the article here: Metro Denver Housing Holding It’s Value

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Ryan Penn founded 360dwellings.com and is a Real Estate consultant serving the Denver, Colorado marketplace.  Ryan works for Buildings & Residences of Denver, a brokerage in downtown Denver specializing in commercial and residential properties  in the downtown and urban neighborhoods surrounding Denver.

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