Many experts believe that Colorado's real estate market troubles are in the past and 2008 should be a promising year. Experts site the strength of our local economy and the fact that we didn't not experience the "Boom" as much as other markets in the country.
Many people I still talk to believe the real estate market locally is still suffering and that we still lead the nation in foreclosures. While foreclosures levels are still high, we not even in top 10 markets for foreclosures. Experts believe the biggest obstacle for our local real estate market are people's beliefs. Almost every day there is a negative report on real estate, however, a majority of the reports are national reports, not local reports. Real estate markets are local and it appears that is a good thing for Colorado in 2008.
http://www.9news.com/money/article.aspx?storyid=84644
http://www.rockymountainnews.com/news/2008/jan/17/economist-sees-denver-housing-turnaround/
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