Forbes: Denver 7th-best for home sellers, an article from the Rocky Mountain News, reports that according to Forbes magazine's study of 40 large metro areas, Denver is the 7th-best city in which to sell a home.
Forbes.com said, “Overbuilding and a high foreclosure rate stymie Denver’s housing market, which last year saw a 6.3% drop in prices. Still, area homes are selling, and the vacancy rate, while still at a pro-buyer 3%, last year shrunk by 20%. The 49% drop in construction starts, the 12th-largest cut in the country; and 2% rise in new jobs, the 9th-highest rate in the country; are good news for sellers.”
Each city was ranked by its 2007 unsold vacancy rate, calculated by the U.S. Census American Housing Survey, and how much the market had tightened or loosened when compared with 2006 conditions. The report also took into account construction starts, job creation, and the degree to which new conforming loan limits from Freddie Mac and Fannie Mae would improve each market's lending conditions.