Surviving the explosive housing market

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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.

RELATED: 3 Denver-area couples describe what it’s like to buy a home in this crazy real estate market

Average sales prices for homes and condos in Denver recently hit a record high $623,279.

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