The recession is over for real estate, and certainly locally in Denver and Parker and everywhere in the Metro Area.  If you didn't buy in 2012 you missed the bottom, and actually since you can only know that in hindsight, it was probably late 2011.  Sorry to all of those people that have been waiting too long thinking they were smarter than everyone else and could time the bottom perfectly.  Sorry to all those people waiting for that "killer deal" in a foreclosure or short sale, because those are non-existent now.  Guess what?  You weren't as smart as you thought.  Now you blew it and prices have improved over 9% market-wide September to September and will only continue to climb.  Time to get off the fence.