Wednesday, April 2, 2008

Forbes ranks Denver among 10 riskiest real estate markets

Forbes.com this week ranked Denver the eighth riskiest real estate market in the country, based on its analysis of the 40 largest metropolitan areas.

Detroit was the riskiest market on the Forbes list, followed by Orlando, Fla.; Cleveland; St. Louis; Miami; Las Vegas; Sacramento, Calif.; Denver; Tampa, Fla.; and Phoenix.

Denver's ranking was based largely on the number of foreclosures the city has experienced, which amount to 2.6 percent of the market, according to Forbes.com.

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