Tuesday, March 22, 2005

Down in Denver

Slowing home-price appreciation in Denver is making folks like Mike Rinner, a local housing market analyst, and Gary Bauer, a real estate broker, nervous. Investors "might get concerned about depreciation" and head elsewhere, Rinner said. Where? Probably Las Vegas, where housing is hotter than Cirque de Soleil. Bauer told the local business journal he thinks people's desire to buy investment property in Denver and Boulder has waned, with many people inspecting second homes in Vegas instead.

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