2011 Denver Real Estate Outlook

2010 has been a noteworthy time for both the local and national housing markets. A few occurrences in the real estate market include: homebuyer tax credits, rock-bottom interest rates, many foreclosures and short sales, home prices struggling to bounce back and the list goes on. Since we have been asked repeatedly about our predictions for the Denver real estate market in the coming year, we thought we would share our predictions with you.

Interest Rates: We saw rock bottom interest rates in 2010 - rates so low that we may never see them again in our lifetimes. Where are interest rates headed for next year? While it is hard to know, we expect low interest rates to stick around for the first two quarters of 2011. Most industry experts expect rates to adjust upwards in the second half of next year.

Home Prices: Property prices continued to rebound in most Denver neighborhoods this year and housing inventory has fallen. Unfortunately, the phenomena was mainly due to artificial market stimulation from federal housing credits. We expect next year to bring strong buyer demand from improvements in the labor market, along with the low interest rates through Q1 and Q2. We hope this demand will lead to real home value appreciation through the second half of 2011.

Housing Inventory: The upbeat news is that the inventory of homes for sale has decreased in 2010, which is good news for sellers. A lower inventory of homes for sale means that home values will remain stable, or even increase, since there are fewer homes on the market to compete with each other. If you are planning on selling your Denver home soon, you will want to get it on the market as soon as possible while there is less competition.

What does all of this mean for perspective homebuyers? Now is a great time to consider buying a Denver home. Take advantage of the historically low interest rates, and the ample selection of properties for sale before they are gone forever. This is a once-in-a-lifetime opportunity from homebuyers that we would hate for you to miss out on this opportunity. Interest rates are already rising, so it is time to act. If you don't, you will regret it in a few years or decades.

By: Park Hill Homes

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Park Hill homes are a great real estate investment for 2011. If you are looking for an investment opportunity for the new year, consider investing in Park Hill homes.