The Wall Street Journal
looked at the widening gap between the middle and upper tiers of home prices in Denver and other cities.
Amy LaBorde has seen all sides of the inventory crunch, both as a homeowner and real-estate agent in the Denver area. Of the nation's top 20 housing markets, Denver has the second-lowest inventory of existing homes, according to John Burns Real Estate Consulting of Irvine, Calif.
Ms. LaBorde and her fiancé were looking to trade up to a larger home in Boulder, Colo., and were outbid several times, including once by nearly $100,000. So they have decided to stay put in their Denver home until the market evens out.
"It's just not a great time to buy because of the competition," Ms. LaBorde said. "A lot of people are just sitting there waiting, because what they're looking for doesn't exist in their price range any more."
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