DENVER METRO HOME PRICES UP 1% OVER LAST THREE MONTHS
The Denver metro home prices were up 1% over the last three months with the $250,000 and lower leading the way. The $8000 tax credit for the first home buyer has had a positive effect and is help young families get started with their first new home. This is the sixth straight month the Denver prices have risen and is an indication that the local Real Estate market is beginning to stabilize. This survey was conducted by the Standard & Poor’s/Case-Shiller home-price index group.
The sign that all economists look for to predict when any market is bottoming out is to see when the prices stabilize and start to rise. It seems this is happening in the Denver Metro market.
If You have been waiting for the bottom of the market to buy your new home now is the time. Don’t let the best market in 30 years pass you by.
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