Bubble bursting article on MSN.com
Here is part of an article I found on line at MSN.com. I hope this is not true...
Gollis has been big on Denver for some time, seeing it as a market that went through a rough time -- it lost thousands of telecom jobs a few years back -- but it is returning to a level state. The market has caught the attention of national builders in recent years, there is major construction underway and the Stapleton Airport redevelopment is one of the largest projects of its kind in the nation. Yet the NAR reports that in a year when the vast majority of markets showed double-digit increases in appreciation, Denver's rate was 4.4%, and Local Market Monitor reports that it hasn't been above 5% since 2001. The good folks at Fortune predict that for the next couple of years, Denver's rate of appreciation won't see half that number.
To read more of this article, go here: http://realestate.msn.com/buying/Articlebankrate.aspx?cp-documentid=421682>1=8012

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