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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 on January 23, 2012 13:11:48 by Scott.Shields
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