Denver Real Estate source
Denver in Top Ten to Have Biggest Rebound
Just a few days ago the Wall Street Journal reported the top-10 cities that will experience the biggest rebound when the economy recovers from the downturn. The report, or opinion poll was consisted of six experts who were surveyed on which cities would rebound.
They made their decisions based on the city’s economic diversity, lifestyle, and their own personal viewpoints. The #1 spot was tied with Washington D.C. and Seattle. Denver, Colorado came in #6.
If this trend-spotting survey is true, then that’s good news for Denver, Colorado. This means the housing market will most likely go up as well and do well for residents who are homeowners.
Denver homes for sale have seen how the economic downturn has affected the housing market significantly. But like other real estates, Denver is working on turning that around to make sure no more lose their homes and that homes continue to sell at a regular pace.
These cities that will be making big rebound will be attracted to young, and highly mobile workers. This mean more people will be moving to places like Denver and in turn, will need a place to live. This is good for Denver’s real estate to have more people coming into the city and buying/renting homes.
It really is a domino effect with post-economic downturns. Once one industry starts thriving, it creates more jobs. More people move to get those jobs which create more homes being sold and rented. Then those people who just sold their homes are free to move to another great city to work and be productive and then affect their real estate by buying a new home their. It’s a big cycle that only takes one thing to make the economy turn around.
Here’s the rest of the Top Ten list:
1. Washington, D.C. (tie)
1. Seattle
2. New York
3. Portland, Ore.
4. Austin, Texas
5. San Jose, Calif.
6. Denver
7. Durham, N.C.
8. Dallas
9. Chicago
10. Boston
Source of Top Ten list: Sue Shellenbarger, The Wall Street Journal (09/30/09)
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