Denver is Not Alone

The Denver real estate market is NOT alone in experiencing a housing shortage and soaring home prices. Across the country home inventory levels are down 40% and dropping. According to Black Knight the median single-family home sales price has risen by 16% across the country. In fact, nearly 75% of the largest 100 metro areas have experienced home price increases of more than 10%.

I have experienced this first-hand in Birmingham Alabama as we are 0-5 on offers on homes in the MLS even with offers as much as 12% over list price as sellers are often receiving as many as 20+ offers. Thus, I am turning to turnkey rental home providers who buy and fix up homes then re-sell them to out-of-state investors like us and then manage them for us too.