Denver ranked 10^th in the U.S. on housing market strength, reported Dennis Huspeni for the Denver Business Journal.

"Denver achieved its ranking because its home values are holding steady, its foreclosed-homes inventory is dwindling, and its economy is stronger than most other markets." writes Huspeni.

The data was collected by Hanley Wood, a Marketing Analysis firm, presenting the healthiest housing markets in the largest 200 housing markets in America.  "These 200 Metropolitan Statistical Areas (MSAs) are ranked based on an index that measures the key economic variables that drive home sales, including unemployment, home price appreciation, job growth, median income growth and household growth." states Hanley Wood. 

"The good news is, it's not getting worse. Denver is right at the point of recovery." said Jonathan Smoke, the executive director of Hanley Wood.  In spite of this being an average year for home sales and new homes being built, Smoke predicts that the Denver market has been through the worst and is expected to rebound.

Hanley Wood predicts that national recovery will be in 2014.  "Denver's economy is the key," said Smoke, "and is expected to recover jobs lost during the recession six months before the rest of the country. "

Read the full story at Denver Business Journal.

photo credit: JoeInSouthernCA

Posted in Real Estate Market Conditions, Real Estate Industry

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