I'd be interested to hear anyone's thoughts on the article above which cites the following prediction from a Connecticut-based company "Scout Vision":
The company’s five-year forecast, starting in the first quarter of 2017, predicts a 9.3 percent decline in the region’s median home prices.
The comments on the article present some opposing views for reasons such as:
- the strength and diversity of the region's economy
- Great Recession of '08 barely made a dent in metro Denver housing prices and they recovered quickly
- the disparity in prices between CO and the states where the influx of people keep coming from is too high
One other factor I can think of is the continuing expansion of CSU. What do you folks think of the "end of party" prediction?
Ahhh...should have searched the forums first (doh!). Thanks @Travis Sperr !