The top city for investing and making money in the housing market is Denver Colorado, according to Fox Business News. Denver will see home sales increase in 2012 as more investors will be buying up single family homes. That's good news for homeowners who are looking to sell.

Greg Rand, CEO of OwnAmerica.com spoke with Fox Business News on how to invest in the economic and housing growth of Denver.

People are moving to Denver from all over the country," says Rand, "The average age is 31 years old, so the population is young, stable and the future looks good in the long term."

The unemployment rate in Denver, at 7.9 percent, is lower than the national average and the foreclosure rate, according to Rand, is half the national average.

"It comes down to the lifestyle," says Rand, "low cost of living, high quality of life, and a love of the outdoors."

Denver is also home to 9 Fortune 500 companies, offering great job opportunities in top industries such as telecom, health care and aerospace defense. Looking at housing prices for Denver in the last 15 years; "we didn't see a full housing collapse in the Denver market," says Rand, "we see a correction, but it bounced back again." The median home price in Denver is only $244,100.

Watch the full video at Fox Business News.

Image Source: DenverTop5.com

Posted in Seller Resources, Real Estate Trends

Comment on this article

Name

Email
Your email address will not be displayed.

Site/Url
Your URL will be displayed.

Your vote

Poor Excellent

Comment text

Options

  Line breaks become <br />

  Remember me

  Allow users to contact you through a message form.

Captcha

Please enter the characters from the image above. (case insensitive)

Captcha code