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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Doughboy who wrote (56309)	6/19/2006 6:28:18 AM
From: Dan3	Respond to of 306849

Denver's market is one of the Canaries in the Coal Mine. Denver was about 1 to 2 years ahead of most of the rest of the country in terms of the boom, and it looks like they're leading the way into the bust, too. Here's an article from 2000 that's mainly about AZ, but touches on how the Denver housing market was very hot in 1999: Part of the reason they're coming is because the Valley is still affordable compared with other big cities. The typical existing house in San Diego goes for $236,800. One in Denver costs $175,600, and in Las Vegas it goes for $138,700. azcentral.com Denver's housing market had a slowdown around 2002-2003 as the rest of the country was moving into phase one of the boom, but then was early in moving to the widespread use of option ARM's and other Hail Mary mortgage schemes, giving the home market there a second wind after prices had gotten ahead of value there. They're now leading the way to home foreclosures, too. We will probably see more of the neighborhood collapses described in the article you linked to spreading to the rest of the country during the next year as areas that were a little behind in the creative financing boom are also a little behind in getting into the "foreclosure's trashing of neighborhoods boom."

To: Doughboy who wrote (56309)	6/19/2006 1:30:13 PM
From: mishedlo	Respond to of 306849

I can not find a link on google or the post for that - Have one? Heartbreak along Mockingbird Lane Foreclosing on the American dream - First in an occasional series By David Olinger and Aldo Svaldi, Denver Post Staff Writers DenverPost.com Never mind I found it by searching for "Margie Ibarra" here it is: denverpost.com

To: Doughboy who wrote (56309)	6/19/2006 7:38:32 PM
From: mishedlo	Respond to of 306849

They pulled that article. search.denverpost.com Mish