Houses didn’t go up fast here in the last national boom. We’ve been in a pretty flat market since 2001. That’s why it would be good if others would post local real estate conditions. There are hundreds of submarkets in the USA, and national figures are meaningless. The Denver residential market is mixed, commerical construction is strong, and the resort areas are hot. Areas just North of Denver are having a tough time, to the South, it’s better. And you are right that it’s not magic, it’s just the cycle, and we’ve been through a lot of cycles here.
“That’s why it would be good if others would post local real estate conditions.”
I agree. Many local and regional conditions do determine the housing market, do vary from region to region and can even place some area in a complete counter-trend to the nationwide state of the market. I once had property in an area of southern New Jersey that seemed to be the only growing housing market in the whole state and while the nation was in recession. Of course, by the time the recession ended and housing everywhere else was taking off, that area started to slow down, sales declined and vacancies went up; leaving the builders to quit many earlier plans.