Courtesy of Steve Blank with LIV Sotheby’s International Realty
DENVER, CO – Over the past few decades people typically have moved about every seven years. That average has increased nearly 30%, mainly because of the recession (2008-2011). People have stayed in their current homes longer than usual, even though personal and family needs may have changed. Denver has experienced somewhat of a slow economy since 2001, eclipsing with the national recession, until the beginning of 2012 when it became one of the first cities to lead the country past the recession. Housing values in Denver have increased over 25% in the last three years and continue to enjoy a promising economic outlook. There will be a positive economic impact due to a recovering housing market as we transition to more normal conditions and higher levels of activity. The increase in home prices is helpful to a homeowner’s net worth, which needed to be repaired from the wealth declines associated with the recession.