It is interesting to read the ever-changing headlines regarding the real estate market! Incredible how the headlines read from week to week in the major Denver newspapers. Most recently, a headline referred to the "poor grades" for the local housing market.
It pays to remember that these are "headlines," and if you ever watched Jay Leno review headlines from across the country, you may already well realize that such do not always accurately portray the actualy news! In fact, these headlines often leave you feeling even more confused.
The bottom line in the Denver area is that housing starts are down by about 29% for the first nine months of this year when compared to the same period of time in 2006. It is also worthwhile noting that vacancies are way down. This may well have happened as a result of houses available for sale not getting sold, and would-be sellers having become landlords. But, that does make for a good rental market, and one worth considering for investors and one-time "sellers" alike.
It is an excellent time to own real estate here. If you want to sell, but are struggling to get offers or even showings, it may be worthwhile to consider renting out the property to cover the mortgage until the market turns more favorable for you. Remember, that with vacancies being low, rental rates can usually be a bit higher.
And, just a tip: Don't just read the headlines. There is often much more to uncover in the rest of the story!
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