High plateau — it’s a phrase starting to pop up a lot more in descriptions of metro Denver’s housing market. “As long as we have economic growth, we will likely bump along a plateau both in terms of price and volume,” said Mark Boud, chief economist at Real Estate Economics, which recently merged with Hanley Woods Metrostudy. Boud predicts a three-year run of double-digit gains in metro-Denver home prices will come to an end in the second half of the year, ushering in a long stretch of meager price increases and then small declines. Barring major job losses, Boud doesn’t see a slump like 2007 to 2009, when the metro area suffered a tough stretch of falling home prices that drove a surge in foreclosures and distressed sales. Related ArticlesJuly 21, 2016 Denver metro rents hit an all-time high as vacancy rates decline July 21, 2016 No parking?
Comment on What is “high plateau” and what does it mean for the Denver housing market?
Aldo Svaldi, Denver Post: Business
Sat, 07/23/2016 - 11:01pm
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