2011 Denver Housing Market Predictions - By: Park Hill Homes

This past year has been a historical period for both the local and national real estate markets. A few occurrences in the real estate market include: homebuyer tax credits, rock-bottom interest rates, rampant foreclosures and short sales, home prices struggling to rebound and the list goes on. Since we have been asked numerous times about our predictions for the Denver real estate market in the coming year, we thought we would share our outlook with you.

Interest Rates: We saw rock bottom interest rates in 2010 - rates so low that we may never witness them again in our lifetimes. Where are interest rates headed for 2011? While it is hard to know, we expect low interest rates to stick around for the first two quarters of 2011. Most industry experts expect rates to increase in the second half of next year.

Home Prices: Property values continued to rebound in most Denver neighborhoods this year and housing inventory has fallen. Unfortunately, the trend was mainly due to artificial market stimulation from federal housing credits. We expect 2011 to bring real buyer demand from improvements in the labor market, along with the low interest rates through Q1 and Q2. We hope this demand will lead to real home value appreciation through the second half of 2011.

Housing Inventory: The good news is that the inventory of homes for sale has decreased in 2010, which is good news for sellers. A lower inventory of homes on the market means that prices will remain stable, or even increase, since there are fewer homes on the market to compete with each other. If you are planning on selling your Denver home soon, you will want to get it on the market as soon as possible while there are less homes on the market to compete with yours

What does all of this mean for perspective homebuyers? Now is a great time to consider buying a Denver home. Take advantage of the historically low interest rates, and the great selection of homes for sale before they are gone forever. This is a once-in-a-lifetime opportunity from homebuyers that we would hate for you to miss out on this opportunity. Interest rates are already rising, so now is the time to act. If you don't, you will regret it in a few years or decades.

About the Author

Park Hill homes are a great real estate investment for 2011. If you are looking for an investment opportunity for the new year, consider investing in Park Hill homes.

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