Denver was named America’s No. 1 city on the verge of recovery from the real-estate slump in a segment Tuesday on NBC’s “Today” show.
Real estate expert Barbara Corcoran, a regular guest on the show, said Denver more than any other U.S. city is “clearly on a rebound.”
“It’s really the perfect real estate success story,” she said. “It had one of the highest foreclosure rates in the nation for years running, and now they’ve cut that foreclosure rate in half and they’ve turned the corner.”
Denver, Corcoran said, has “a vibrant downtown, it has a high employment base, it has educated people, it has youth, [and] it has one of the biggest park systems in the country.
“Everything about Denver is pointing up, up up,” she added. “Prices are moving up just now for the first time after seven years.”
Rounding out Corcoran’s list of cities poised for a real-estate rebound:
- 2. Raleigh, N.C.
- 3. Austin, Texas
- 4. Seattle
- 5. San Francisco
Corcoran said she included cities on her list on the basis of eight factors:
- Job growth potential;
- A growing population;
- Good weather;
- Lots of first-time buyers;
- No overbuilding;
- A vital downtown;
- A well educated population; and
- Foreclosures earlier than other cities.
Jeffery McClintock, is a real estate broker in Denver and prides himself on providing clients with professional guidance in all phases of residential new construction, including market research, product development, consulting, marketing and advertising. His personal mission is to bring to you a level of knowledge, experience, commitment, high standards and results to answer your real estate needs. He believes, the most effective way to provide superior service is to build a strong working relationship with you. His system includes regular consultations and feedback, which is the best tool for identifying and clarifying your real estate objectives and help define strategic solutions.
Posted by: Jeffery McClintock
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