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Old 03-12-2009, 06:31 PM
 
Location: Rockport Texas from El Paso
2,601 posts, read 7,506,747 times
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I know there is a thread about Real Estate in Colorado,however they have been way off topic for a long time.

Housing predictor predicts declines in Den, Ft Col, & Boulder of about 5-7% this year.

What about the rest of the state? How are the markets for the smaller towns. Mountains
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Old 03-12-2009, 06:41 PM
 
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The mayor of Rifle has admitted that they're in a 'bubble', and Grand Junction houses are selling for about 6X income. Both are highly dependent on the energy industry which is laying off people by the hundreds.

A 25-50% decline wouldn't surprise me in either market.
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Old 03-12-2009, 07:09 PM
 
Location: Pueblo - Colorado's Second City
12,174 posts, read 20,957,421 times
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Default Mortgage meltdown cools in Pueblo

This was just in the Pueblo Chieftain about Pueblo's market:

"The rate of foreclosures has fallen from its high in 2007.

Another report shows the subprime mortgage mess may have peaked last year in Pueblo, one of the counties hardest hit by the 2003-2007 era of high-risk home loans."

The link: http://www.chieftain.com/articles/2009/02/24/business/local/doc49a37b82af70e591555733.txt

Also, with the expected increase in Fort Carson this year that should positively affect the housing market in the Pueblo area.
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Old 03-12-2009, 10:09 PM
Status: "Celebrating 30 years as a Broker" (set 19 days ago)
 
Location: Just south of Denver since 1989
10,882 posts, read 29,310,762 times
Reputation: 7085
I keep seeing inventory fall and Days on Market decline. I can't fathom a 25% fall.

Will some house sell for half of what they did in the past? Yes. There are many healthy neighborhoods with low inventory. There are a few hard hit areas. Neither will define a market area.
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Old 01-13-2014, 04:10 PM
 
74 posts, read 77,800 times
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This article might give some insight into the Denver area market. I was told that Colorado Springs housing market is about 6 to 8 months behind Denver. 10 Hottest housing markets to watch in 2014. 10 Hot US Housing Markets To Watch In 2014 - SFGate
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Old 01-13-2014, 07:40 PM
 
Location: Denver, CO - Capitol Hill
557 posts, read 665,422 times
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Quote:
Originally Posted by ocean2026 View Post
I know there is a thread about Real Estate in Colorado,however they have been way off topic for a long time.

Housing predictor predicts declines in Den, Ft Col, & Boulder of about 5-7% this year.

What about the rest of the state? How are the markets for the smaller towns. Mountains
Declines in values? In Denver? By 5-7%? Absolutely no way. Gains of 1-3% are more likely, depending on the neighborhood. Foreclosures are way down, inventory is down, and people are moving here at a good clip. No idea how that could possibly lead to a decline.
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Old 01-13-2014, 07:41 PM
 
Location: Denver, CO - Capitol Hill
557 posts, read 665,422 times
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Quote:
Originally Posted by ladydonna View Post
this article might give some insight into the denver area market. I was told that colorado springs housing market is about 6 to 8 months behind denver. 10 hottest housing markets to watch in 2014. 10 hot us housing markets to watch in 2014 - sfgate
nt
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Old 01-13-2014, 07:50 PM
 
Location: Denver, CO - Capitol Hill
557 posts, read 665,422 times
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Quote:
Originally Posted by Josseppie View Post
This was just in the Pueblo Chieftain about Pueblo's market:

"The rate of foreclosures has fallen from its high in 2007.

Another report shows the subprime mortgage mess may have peaked last year in Pueblo, one of the counties hardest hit by the 2003-2007 era of high-risk home loans."

The link: http://www.chieftain.com/articles/2009/02/24/business/local/doc49a37b82af70e591555733.txt

Also, with the expected increase in Fort Carson this year that should positively affect the housing market in the Pueblo area.
I don't have numbers in front of me, but unemployment in Pueblo is still incredibly high - over 10%. They'll take a while to recover.
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Old 01-13-2014, 08:05 PM
 
Location: Pueblo - Colorado's Second City
12,174 posts, read 20,957,421 times
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Quote:
Originally Posted by JD401 View Post
I don't have numbers in front of me, but unemployment in Pueblo is still incredibly high - over 10%. They'll take a while to recover.
It's now under 9%.

There is a large development planned with over 24,000 acres that at build out will have the states largest tech park called Pueblo Springs. Because of this I am extremely optimistic about the mid to long term forecast for Pueblo.
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Old 01-13-2014, 08:08 PM
 
16,506 posts, read 20,904,171 times
Reputation: 47872
Quote:
Originally Posted by JD401 View Post
Declines in values? In Denver? By 5-7%? Absolutely no way. Gains of 1-3% are more likely, depending on the neighborhood. Foreclosures are way down, inventory is down, and people are moving here at a good clip. No idea how that could possibly lead to a decline.
Just a "heads up" here people. This thread started on March 12, 2009.
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