While most are agreeing that it is a fantastic time to buy a home, economist Gary Schilling is warning that home prices could drop another 20%!!! Of course, he is speaking of the US average. If you ask any Colorado REALTOR® you will likely here a different outlook for what is happening in Golden, Broomfield, Boulder, or any number of Denver area real estate markets. Real estate is an inherently local proposition, and the supply and demand equation with real estate around Denver can be very different than what is happening elsewhere, so if you are looking to buy a home soon, ask your local real estate agent for the data.
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