Quote:
Originally Posted by JasonCSU
The housing market here in the Denver metro area is one of the hottest in the country right now. There was a recent article I read stating there was "false demand" prior to the last bubble caused by the relaxed lending of the banks which allowed many buyers into the market. This shot up home prices, but many of the buyers used adjustable rate mortgages which they could no longer afford once the rates adjusted and payments went up. This forced many to sell which then flooded the market with a "false supply" sending prices down.
The article went on to say the high home prices around Denver we are seeing now are due to basic supply and demand which is probably true because people are moving here in droves, which sucks by the way.
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Currently renting my house in Denver due to my job being out of state. The value increase these past few years has me on cloud 9. I hope it stays, or better keep going up!