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Cisneros: Worst may be over for Colo. housing market27 Aug

Despite a 27 percent drop in July home resales nationwide, the worst appears to be over for Colorado’s housing market, according to national housing expert Henry Cisneros.

The country’s urban centers are increasing in population and leading the way to housing recovery, said Cisneros, former secretary of the U.S. Department of Housing and Urban Development under President Bill Clinton and now executive chairman of CityView, an institutional investment firm focused on urban real estate, in-city housing and metropolitan infrastructure.

“I see Denver as the prototype of the new urban setting we’re expecting to spread across the country,” said Cisneros, who was in Denver on Tuesday. “Denver is in a class of cities that’s setting the pace of new urbanism.”

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