The economic forecast for Colorado's real estate market

I'm Dan Polimino with ColoradoDreamHouse.com and this week's market update for Denver, Colorado for the final week of March and the first week of April. Happy spring everybody!

Okay, the Genesis Group is a real estate research firm based out of Colorado here. They take a look at real estate and the market and what's happening in Colorado as well as economic trends across the entire country. At the end of February, they gave their quarterly briefing, it was about a 44-page report and I think there were a couple of important points to summarize out of that report. First, there will continue to be a demand for a new housing, although new housing will remain low as far as inventory levels. On the flipside, there again will be a new demand for moderate to low price homes.

Now, we've been seeing that over the last six to 12 months. We've been telling you that if you're in the low to moderate price points, there is not a lot of selection because there's not a lot of inventory, so that demand will absolutely increase. For land prices, not good news here. There's a lot of land for sale on the market and that will continue to reset at lower values.

Finally, foreclosures and distress properties. They will continue to make up a large percentage of the transactions that are going on in real estate so that again will continue to remain high. Alright, if you have any questions about the real estate market, what's happening in your neighborhood or you'd like to speak with me, feel free to contact me at ColoradoDreamHouse.com. Have a great week!

Dan is a premier internet marketing and online real estate marketing expert. In fact, he works as a consultant and teaches other real estate agents about using the latest technology for real estate business. Dan also speaks professionally to companies such as ReMax, Sotheby's, and Hilton on Internet marketing.

A member of the Denver Board of REALTORS, he has bought and sold Denver real estate - for his clients and himself - for more than 12 years. Dan produces a well-known Colorado real estate blog and writes a regular column for The Denver Post.

His professional sales and marketing experience spans 26 years in Denver, New York and Florida. Dan holds a BS degree in Broadcast Journalism and Psychology from Syracuse University. He is married and has two children. Fitness and health, running, skiing, and golf are his favorite hobbies.

Working with Dan Polimino and his Colorado real estate team affords clients an unparalleled experience. He limits his client roster to small groups of buyers and sellers at any given time so that each client gets his undivided attention. Known as a "bulldog" during negotiations, Dan makes it a priority to get his clients what they want. Plus, he goes the extra mile to create opportunities through strategic networking, online marketing, and innovative ideas to connect buyers and sellers.

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