Businessweek heralds Denver as 'most improved' housing market

Though many cities are seeing signs of life in their housing sectors, Bloomberg's Businessweek magazine names Denver, Colorado the "most improved" housing market in the U.S.

Citing research from the Development Research Partners of Littleton, the magazine reveals a projected 5 percent increase in home sales and prices in the area over the course of this year. Unemployment figures, which experts have long said will be a pivotal factor in the recovery of the real estate market, are also expected to improve in the Denver area, according to the Denver Business Journal.

According to the report, Kentwood Real Estate broker associate Jim Nussbaum said that homebuyers last year were "like deer in headlights - they were afraid to move. When the stock market improved, they started to feel better," the journal reports.

Current economic conditions have prompted some prospective homebuyers to relocate to areas with stable home values and better employment opportunities. Though many areas still have a long road to overall recovery, low mortgage and interest rates have led to an increase in buyer confidence.





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