"Investors have been on the fence this year about selling, with concerns that they are selling to a slowing economy," they say in a recent report. ''However, with so few properties for sale and buyer demand as strong as ever, prices haven't dropped as much as many buyer had hoped.''
They note it is unlikely that mortgage rates will stay this low for an extended period of time, so now is the time to buy or refinance.
But low mortgage rates are a double-edged sword when it comes to apartments, they note. Many renters are also taking advantage of them and moving out of apartments, driving up vacancies.Still, "Denver is poised to ride out this economic downturn in stride, and recover with strength,'' they say. "Now is a good time to invest or reinvest, when there is a bubble of over development and when the economy has good long-term prospects.
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