The Denver Gazette and 9NEWS are assembling a panel of experts to provide a close look at issues surrounding the explosive residential real estate market.
COLORADO, USA — Is the American Dream of home ownership turning into a nightmare?
Hedge funds and pension funds are competing head-to-head with young couples trying to buy houses in Colorado right now. Buyers are facing all-cash offers, bidding wars, and sight-unseen offers thousands of dollars over asking price within minutes of a home hitting the market.
Average sales prices for homes and condos in Denver recently hit a record high $623,279.