I started writing a rather lengthy piece this morning when I saw the story online with USA Today about Mortgage Defaults Force Denver Exodus. I never finished writing the piece. It became a busy day. I suspect anyone reading this saw the article too or heard about it, as I was asked about it a few times - it seems to have been picked up locally as well.
Yes, areas like Green Valley Ranch where the article talks about mostly, have had staggering foreclosure statistics. So I don't want to make light at all of a very serious situation.
But I want to applaud the Mayor for summing it all up better than I ever could. I rarely catch the evening news, but I am so gad I flipped on 9NEWS for this.
as heard on 9news and on 9news.com: Denver's mayor believes the city is already on the road to recovery. They're looking at old news," said Mayor John Hickenlooper. "The new news is that we're dealing with this and HUD is helping us deal with this and that we are already emerging much more rapidly than many other parts of the country."
Real estate is more than local. It is ultra-local. What is in one neighborhood can be different in another, a mile away. What is in one town can be different across town. Before ever making decisions that effect your Denver real estate needs, you need to speak to an experienced real estate professional. Find one that knows what they are doing and is going to give you honest information, and even when necessary - the hard to hear truth, for your specific needs in your specific area for your own personal situation.
[…] Its interesting though, this story was released in the Denver Business Journal the same day it announced that Denver home sales are down. And just earlier in the week USA Today highlighted Denver foreclosures. […]