Real Estate Prognosticator Barbara Corcoran States Top 5 Cities Poised for Upswing

With all the negative real estate news over the last couple of years, it is good to hear any positive tidbits we can get our hands on. And that’s just what happened this morning on NBC’s Today Show where real estate legend Barbara Corcoran presented her list of cities on the brink of a recovery.

Leading the list is Denver which Corcoran said “is clearly on a rebound” compared to any other city in the nation. “It’s really the perfect real estate success story,” she said. “It had one of the highest foreclosure rates in the nation for years running, and now they’ve cut that foreclosure rate in half and they’ve turned the corner.”

A quick look at the Denver, CO Foreclosures, Default, Auction and Bank Owned Properties page shows there are currently 5,807 properties somewhere in the foreclosure process. That is less than six cities (Miami, Orlando, Tampa, Jacksonville, Cape Coral and Lehigh Acres) in the state of Florida.

There are several reasons Corcoran is so high on Denver. 1.) It has a “vibrant downtown” 2.) It has a large employment base 3.) It has an educated population 4.) It is a younger demographic 5.) It has one of the largest park systems in the nation. In addition to all these positive attributes, she also stated that “prices are heading up for the first time in seven years.”

The other cities on Corcoran’s list of cities poised for a real-estate rebound include:

  • 2. Raleigh, NC
  • 3. Austin, TX
  • 4. Seattle, WA
  • 5. San Francisco, CA

Corcoran said she included cities on her list on the basis of eight factors:

  • Job growth potential
  • A growing population
  • Good weather
  • Lots of first-time buyers
  • No overbuilding
  • A vital downtown
  • A well educated population
  • Foreclosures earlier than other cities

If you’re interested in seeing what Denver has to offer in regards to real estate, click Denver, CO Homes For Sale and MLS Listings.

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