DENVER BUSINESS JOURNAL-The Denver and Colorado real estate market continue to improve according to a new report. Freddie Macs Multi Indicator Market Index (MiMi) report shows the Colorado housing market has improved the 3rd most in the U.S over the past year and Denver has improved the most outside of Florida.
The Freddie Mac (MiMi) uses four indicators to track residential real estate growth including home purchase applications, payment to income ratios (changes in home purchasing power based on home prices, mortgage rates and household income), proportion of on-time mortgage payments in the market, and the employment picture.
According to the latest MiMi only Florida with 14.47% growth and Oregon with 12.2% growth beat Colorado’s at 11.97%.
Only Orlando, Tampa, and Florida with growth spurts of 17.9%, 16.9%, and 16.6% respectively could beat the astonishing 15.21% growth of the Mile High City.
Author:Jeff McGahey Phone: 720-309-2059 Dated: December 31st 2015 Views: 737 About Jeff: As a Colorado native, real estate broker since 2006, and real estate investor for over 15 years I ha...
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