Tips on buying a new waterfront home in Denver, CO
Denver's Seller's Market Slows, But Steadies
Realty Times Feature Article by Blanche Evans
Denver, the "Gateway to the Rocky Mountains," is also the capitol of Colorado and the state's center of business and government. Tourism is still one of the biggest components of Colorado's economy, and Denver offers easy access to some of the premier snow and golf vacation resorts in the country. Diversifying the economy with technology caused a housing boom in the late 1990s. With the tech bust, housing has slowed, but it could well be taking a short breather.
"In 2000 and early 2001, selling a home in Denver was about as easy as putting a 'For Sale' sign in your front yard and waiting for buyers to come in droves," says Realtor Laurie Erb. "The economy was hot, high tech jobs were plentiful and, as a result, homeowners got top dollar and plenty of offers. Not any more. Like the jobs that fuel home buying, the days of easy sales are gone."
That could result in a mixed market for spring homebuyers. "There is a strong demand for homes in all price ranges if the home is priced correctly," advises Erb. "However, homes in marginal locations or in less than perfect condition must be priced lower in order to sell."
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Finding A Home In The New Economy
Realty Times Feature Article by Broderick Perkins
Looking for a home in a community that's adapting well to the new economic order?
Seek a region teeming with knowledge-based jobs and global trade. Look for a dynamic, fast-changing economy steeped in competition. And ferret out a digital economy built on an infrastructure of technological innovation. And don't forget, while regions that operate out of the economic box can be boons for your personal goals and global progress, they can just as quickly become outposts of economic volatility that wreak havoc on the best laid plans.
Ask anyone who lives in Silicon Valley.
Ground zero for the new economy, Silicon Valley led the nation into its longest economic expansion ever. The region also led the nation into dot combustion when the bubble began to burst. The area emerges from recession fraught with economic uncertainty leaving it short of the top of the economic pecking order, according to "The 2002 State New Economy Index: Benchmarking Economic Transformation in the States."
The index will make your quest for a home on the new economic range easy, but leaves it up to you to decide if you want risk putting down stakes where the new economy has bubbled up most. The index is the work of Washington, D.C.-based Progressive Policy Institute, a Democratic Party think tank for so-called "progressive" politics and public policy. The institute ranked each of the 50 states based on innovation-oriented public policy that fosters the underpinnings of the so-called "new economy" -- an overhaul of traditional approaches to economic growth with a new order based on boosting skills, entrepreneurship and technology.
As it turned out, the Top 10 states that best exemplified adoption of the new economy were states in the Northeast and West. They were:
- Massachusetts
- Washington
- California
- Colorado
- Maryland
- New Jersey
- Connecticut
- Virginia
- Delaware
- New York
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