Noticing across various metros price declines. Just an example as folks are sitting on their homes and the waiting game is elongated in terms of buyers.
Was checking the Denver area and its still overinflated. A POS goes more than this below.
With interest rates rising, maybe it will add a much need correction to this over inflated RE Market.
I still can't fathom that the tri-state still offers more bang for the buck than those Western Areas and even close to NYC with its powerhouse nature with respect to high paying jobs.
I was checking Sierra Ridge, CO, and its about 23-24 miles from the Denver CBD. You have 1700-2100 sq-ft homes with .15 acres going for 750k. And they are not even pretty homes either. Right on the edge of the sprawl. Asinine.
We need more multi-unit developments. While I'm not a total fan of sprawl, if places are gonna sprawl, better to do it with mid-density condo/apartment developments (4-5 story in nature, 200-350 units at a clip).
