National market report

alternate textForbes.com named the Mile HIgh City the second-worst housing market in America last month

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From the May issue: About 10 months ago, Forbes.com named the Mile High City “America’s best city in which to buy a home,” only to declare it “the second-worst housing market in America” last month. Forbes attributed its new assessment to the glut of inventory that’s hit the city recently. Denver’s current stock of 42,000 homes on the market is 27 percent higher than a year earlier, according to Zillow.com, which Forbes used in its survey. But at least Forbes wasn’t alone in its optimistic outlook last year. In May 2009, Barbara Corcoran told NBC’s “Today” show that Denver was “clearly on a rebound,” naming it the number-one city in America poised for a real estate comeback. Click here for more real estate headlines from around the country. Compiled by Amy Tennery

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