Just over the past few years, it's important to note that the real estate subprime mortgage crisis had an effect on the consumer, not to mention the rate of foreclosures as well. It all depends on what real estate market you are in. It seems that this is what we might be looking at for the next several years. Good thing for Denver, though, is that throughout this housing crisis, the Denver CO real estate market is not as affected as other markets across the country.
Denver isn't affected by this because property prices haven't been increasing at the same crazy rates as other cities like Las Vegas and San Deigo. Most of Denver's real estate is marked below the national average. Because of this, the value of properties, while declining in some locations, are not declining at nearly the same rates as other cities.
It costs less to live in Denver than it does to live in both Seattle and San Jose. Additionally, it costs half the price to live in Denver then it would to live in San Francisco, Boston and even New York! That is definitely something to talk about. It is still more expensive to live in Denver then places like the mid west, Atlanta, GA and Dallas, TX.
According to Rocky Mountain news, the Denver CO real estate market is ranking at the top for overall increases in home value, even during these rocky housing times. It has increased about .03% and they are steadily on the rise. They are still having problems with getting buyers relocated to the Denver area, and purchasing these new homes is still a challenge when these hopeful Denver residents can't sell their existing homes. Even so, it appears that Denver real estate is on the rise.
Jim Lux is just one member of the LUX Team of realtors, based in Denver, Colorado. While Jim carries the designations of GRI, (Graduate of the Real Estate Institute), and CRS, (Certified Residential Specialist) and only 4% of real estate agents nationally hold the CRS designation, everyone on TheLUXTeam provides the same level of professionalism and committment to each of their clients.
Jim and the LUX Team continually focus on real estate education to ensure that they are operating within the ever-changing guidelines and standards of the industry. In addition to being a full time Realtor®, Jim is responsible for the Internet marketing and web site development for The LUX Team and holds the designation of e-PRO (Internet Professional).
Jim's interest outside of real estate includes his grandchildren, travel and music (Jim was a professional musician in addition to his career for years).
Visit their website at http://www.realestatemetrodenver.com to learn more tools to help you buy and sell your home in the Denver real estate market without losing money.
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