Hot Denver Market -23% Deals Fail

[gregb]

"Appraisals remain a sticking point..."

http://www.denverpost.com/business/ci_29855055/frustration-rises-fifth-home-sale-deals-fall-through

 

[Bobby Bucks]

Looks like the OC flippers can take advanced bubble lessons in the Rockies now.

 

[J Grant]

Imagine that, appraisers actually doing their job instead of rubber stamping prices are the "sticking point".

It never ends, same RE article in different forms over the years .

 

[Meandering]

Why does everyone want to be in Denver? Is it the pot?

 

[Joe Flacco]

Has to be pot.

 

[gregb]

Interesting convergence of the median sale price for the four cities compared in this graph-

 

[Michigan CG]

I am appraising a couple farms for a Realtor in Colorado and she said appraisals are taking a month.

 

[Ken B]

I lived there for a few years and absolutely loved it. Except for the winters. I always said if I could find a "warm Denver", that is where is would retire.

It's not in South Florida.

 

[Terrel L. Shields]

It's not in South Florida.

Tucson, El Paso

And the Denver market is notorious for crashing. If the anti-development initiatives being proposed are implemented this fall that will basically eliminate all mining and oil well drilling, then eventually, the economy will be solely dependent upon tourists and "high tech" and, very importantly, weather and drought.

 

[gregb]

Did Denver ever get their new airport "fixed" with the luggage sorting system gone amok?