Is the Denver Real Estate Market Going to Crash?
Posted by Ryan Penn on
We hear this question almost daily, is the Denver real estate market going to crash? Is the Denver real estate market a bubble? In short, the answer is an emphatical no. The reason is that this market was built completely differently than the market that crashed in 2008. Interest rates are low, borrowers are truly qualified and have made significant down payments on their homes, and inventory is still incredibly thin. While many areas of the economy have contracted, the housing market has stayed remarkably strong.
When COVID-related shutdowns began in March, real estate brokers and clients scrambled to respond to the shift. Record-low interest rates caused some lenders to call a halt to new underwriting, and homeowners debated whether or not to put…
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