Denver is generally considered a reasonably stable real estate market, especially compared to places like Las Vegas, Phoenix, Florida or California. Although the real estate boom did not take prices in Denver absolutely through the roof, the price drops are nothing like those that have occurred in those other areas of the country as well.

Because of those huge swings and thanks to Wall St. bankers who created the financial crises by buying up mortgages and selling garbage mortgage backed bonds to unwitting investors, there are now huge numbers of foreclosed homes on the market. Recently I read that almost one out of every five homes in Florida is vacant. This is an astounding figure and is almost hard to believe. In fact the number stated was 18% state-wide.

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