Denver market opinions - is it about to burst?

[Christopher Smith]

I am looking into purchasing a new home most likely out in the Green Valley Ranch area. We are pre-approved up to 275k and looking at houses in the 250-270k range. This will be our primary residence for at least the next 3-5 years. I'm worried about the long term ability to profit off the home after that 3-5 years and the likelihood of ending upside down in the home. With the amount we have for down payment and closing costs we are looking at around 4.2% for FHA and 4.5-4.6% for Conventional.

Let me know your thoughts.