There is also a national report entitled "Emerging Trends in Real Estate" just updated by PWC and the Urban Land Institute which provides real estate investment stats on Austin.

Where are local inventory levels for real estate trending?

This should be definitely according to your state law and also check the market trend price. 

https://www.attomdata.com/news/market-trends/u-s-foreclosure-activity-down-24-percent-in-august-2019-14th-consecutive-month-over-month-decline/Ignore their very misleading headline and take a close look at paragraphs 4 and 5.That looks like gathering storm clouds to me...Proceed with caution.

We could technically flip it but this market appreciates like crazy and this neighborhood is trending upward

My goal is always to have risks as close to zero as possible and neighborhoods trends and qualities seem to be anchored in our collective minds - which really work at a generational pace.

To quote the first paragraph:   Sebastian Obando, Staff Writer The commercial real estate market remains strong, despite talk of an approaching recession, according to an Emerging Trends in Real Estate 2020 report produced by the Urban Land Institute (ULI) and consulting firm PwC and released at this week’s ULI fall meeting.

I haven't used them to do any transactions but they are highly knowledgable about the market and understand historical trends. 

Regarding Denver neighborhoods, here's my personal favorites:Villa Park, Barnum, Westwood, Athmar Park, Harvey Park, Ruby Hill.Villa Park is interesting because some of the scrap and builds are coming down there from Sloan's Lake area, so you have these older homes from the 50s and 60s and then a couple of new builds, so that is one neighborhood that is trending from C to B sooner.  

We start by taking a brief look at your choices and touch on a trend that has affected the industry as a whole.