Demand for property in Denver continues to grow and construction is having trouble keeping up with needs. Denver is quickly growing into a real estate powerhouse and with the shakes of the economy effecting investors, the city runs the risk of stifling its own growth with a lack of new developments.
The Denver real estate market is booming, and the demand for new Denver homes continues to rise as the market makes strides toward a full recovery. According to an economist of the National Association of Realtors, home sales in Denver have increased 10 to 12% this year.
In spite of the good news, experts warn that a market imbalance may soon occur if the demand for Denver homes continues to exceed the supply. In particular, the demand for new homes outpaces construction, yet builders are struggling to meet buyers’ needs due to inability to finance new projects.
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