But top real estate officials in Denver do not see that in the cards.
“The numbers (from Case-Shiller) don’t look that bad,” for Denver, said Peter Niederman, CEO of the Kentwood Co. “Again, we already know how Denver did in November – and for all of 2010 for that matter – so the importance of Case-Shiller is it shows how we are faring compared to other cities. I think Denver is faring fine.”
He said he knows that some experts are calling for a double dip in home prices this year in the U.S., as well as in global markets.
But Niederman doesn’t see it happening in Denver.
“The Denver market has been a little softer month-0ver-month, but the average prices and median prices were actually up in 2010 from 2009,” Niederman said. “Denver is bucking the trend.”