According to a recent release of the S&P / Case Shiller index, property values across the country have continued to decline. Denver declined less than many of the other markets (~.57% decline)… full article at www.bloomberg.com. This is good news for the Denver metro area as I think Denver is close to the bottom in the property value cycle. There is still pain in the market (especially in Ft Collins, Parker, Castle Rock, etc…) but hopefully we are at the bottom of the cycle with increases in value on the horizon.
Underwriting criteria for traditional lenders continues to be tight, but non conventional lenders like Fairview are still actively making loans in this economy and will continue to do so going forward