A few months ago the National Association of Realtors (NAR) ran a study to determine the home equity gain/loss for homes in the 30 largest U.S. cities over the past three years. They ranked the cities from largest average loss in home equity to largest average gain in equity. While there was little surprise that the usual suspects like Las Vegas and Los Angeles have been among the poorest performers, most of my clients have been shocked to see that metro Denver has had the HIGHEST APPRECIATION OF ANY OF THE TOP 30 U.S. CITIES FOR THE PAST THREE YEARS! Those of us who watch the market as closely as I do were not surprised by this, but for those who don’t, it has come as a most welcome surprise. The fact is that Denver is in the middle of a robust, even historical, real estate recovery that is leading the nation.
Of course no one knows what the future holds. Over time prices will go up and prices will go down, that much never changes. But there’s no denying there is much more confidence in the housing market than there has been for years and this confidence has my buyers excited to see what’s out there. Let me know if you’re curious and want to check out some homes, I’d be happy to show you!