Denver Real Estate, Subprime Lending, Will It Return?
July 14, 2010 by The Hightower Team · Leave a Comment
It is getting harder and harder to find qualified buyers in the Denver real estate market. Is doing away with subprime lending the best decision for the Denver market? The Housing Wire published a great article that raises some questions about how voters will ultimatly decide, should everyone have access to credit again?
New data released today by FICO Inc. show that a whopping 25.5 percent of consumers now have a credit score of 599 or below. That’s a market of more than 43 million people, and growing every day, too—thanks to unemployment levels that appear set to remain painfully high for the next five years.
The Hightower Team specializes in Denver Foreclosures and Denver Short Sales, contact us today with questions. 303-325-5020
The Hightower Team is your Denver Real Estate Agency. We are here to help you and make your real estate buying experience more enjoyable, hassle free and as easy as possible. Come see why so many people have chosen The Hightower Team to buy or sell their Denver area home.
