Neil Westergarrd of the Denver Business Journal wrote an interesting article last week, entitled, “Here comes “Generation Y” to the rescue … again.” Westergarrd discusses the many predictions out there that Generation Y will save the real estate market.  This has been all the buzz lately with David Stevens, the head of the Federal Housing Administration, recently predicting that Gen Y willl spur a buying boom that is similar to their grandparents’ in the mid-20th century.
Generation Y is loosely defined as the 80 million children of the Baby Boomers who were born somewhere …

Calling all investors near and far! The “Metro Denver Area Residential Rental and Vacancy Survey” was recently released, indicating that the overall vacancy rate for the Denver metro area (during the fourth quarter of 2010) is 2.0 percent, down from 2.9 percent during the third quarter of 2010. For comparison purposes, it was 5.5 percent during the fourth quarter of 2009.
A low vacancy rate means that it is an optimal time to think about purchasing an investment property, since you will have no problem finding tenants for it, or charging a …

Both the local and national condo markets have been hit particularly hard throughout the real estate downturn, so FindMyHomeDenver wanted to share some newly-released statistics from Metrolist.
Let’s start with the bad news first. Denver condo sales decreased 10 percent from 2009 to 2010. The good news? The average sold price for Denver condos increased 4.6 percent from $193,270 in 2009 to $202,104 in 2010.
How did the condo market fare across the Denver metro area in 2010? It is truly a mixed bag. Greenwood Village condos did quite well, boasting a 36 percent …