Denver Colorado home sale statistics are better than local or national media would lead you to believe. While U.S. National Home Price Index Posts a Record Annual Decline in the 2nd Quarter of 2007. Denver Colorado home sale statistics remained stable. The old saying; "The higher you rise the harder you fall", is coming down hard on some cities. At least that's what the data from The quarterly S&P/Case-Shiller® U.S. National Home Price Index reveals.
This information covers all nine U.S. census divisions - which in fact was down 0.9% from Q1 2007 and down 3.2% from Q2 2006. The S&P/Case-Shiller Composite-10 Index dropped 4.1 percent in June 2007 compared to June of 2006, while the Composite-20 Index dropped only 3.5 percent compared to June of 2006. Denver Colorado home sale statistics and Chicago fared best with only a percentage drop of -1.0% for Denver and -0.7% for Chicago. While losing a percentage point in a year may not seem to be great news, that depends on where you live. Denver would be 6 percentage points better than Seattle and a massive 10 points better than Detroit! Dallas and Atlanta were leading the pack with year-to-date positive gains of 1.6%
While the bottom feeders and doomsdayers will claim that Denver, Colorado home sale statistics are just lagging behind the rest of the markets...we are in fact, far behind the other markets in terms of speculators! When you take a look at the .Condo scams during the past 10 years in Miami, San Diego and even Atalanta...their problems have just begun! That's because of a surplus of speculators. Nationally, 25% of houses bought in 2005 were pure speculation, not houses to live in, and the speculators are going into foreclosure in large numbers now.
As has always been the case, Denver Colorado home sale statistics run counter cyclic to the rest of the nation.
Standard & Poor's, a division of The McGraw-Hill Companies (NYSE: MHP), is the world's foremost provider of financial market intelligence, including independent credit ratings, indices, risk evaluation, investment research and data.
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