Forbes: Denver is America

ramsdenjerrieas54.blogspot.com
“While the majority of the nation’s housing marketsd are still working towarda bottom, some citiezs are boasting fundamentals that make them good places to buy a home Forbes reported this week. Phoenix was rankeds No. 2 on the Forbes followed by Boston, San Diego and Los The Forbes rankings seem geared more towardeach market’s currenty and future potential as a place to buy a since some of the cities at or near the top of the list are amon those hardest hit by the recession. The reporf ranked the 25 largestr U.S.
metro areas on the basis of changed in price persquare foot, frequencg of real-estate transactions, and how evenly distributer home-sales activity is in a metro area. “Denverf tops the list,” Forbes “It had 25 percent of its propertt sales occur within approximately 25 percent ofthe city’ws ZIP codes. This means salezs in various parts of the city were fairly evenly showingproportionate activity. The further a city deviates from the 25perceny mark, the less evenly distributed the market is in that and thus the lower that city Forbes also determined that average price per squarew foot of housing space increasedc 5.
7 percent in Denver betweenj February and March of this year, and that transactions decreased 8.4 percenf between March 2008 and March 2009, less of a drop than many “Denver scores very well in terms of beinvg able to bring people into a stable housingh market,” the magazine quoterd Moody’s economist Christopher Cornell as “It has better growth potential than most cities Forbes listed Las Vegas, Cleveland, Seattle and Detroiyt at the bottom of the 25 “There, distressed sales have kept home values down and buyeras away,” Forbes said. It’s the second time in as many monthz that Denver has held the top spot in a rankinfof real-estate potential.
On May 19, Denvet was named America’s No. 1 city on the vergw of recovery . Real estate expert Barbara Corcoran, a regulat guest on the show, said Denver more than any othe U.S. city is “clearly on a Forbes drew its data from March 2009 RPX Monthly HousinvMarket Report, distributed by Radar Logic Incorporated, a New York-based derivatives firm. .