The luxury home market in the Denver area took off with a brisk start in 2013 with 12 percent more sales of homes costing more than $1 million in January. 1. The average sales price for those homes increased slightly year-over-year, from $1.43 million in 2012 to $1.46 million. 2. The average days on the […]
Denver Leads the Nation in Solar Activity
February 4, 2013 by Leave a Comment
In November, Denver was named the first “Solar Friendly Community” in the nation. Currently, solar-power systems generate nearly 300 megawatts of electricity in Colorado. However, Colorado’s solar-power industry is readying a “Million Solar Roofs” campaign to raise the amount of solar power generated in the state to 3,000 megawatts. This is ten times the amount […]
Fastest Growing Cities: Denver Ranks 16th
February 4, 2013 by Leave a Comment
Forbes ranked the nation’s 100 largest metro areas. Denver came in 16th for 2012 on rates of growth of the local population, jobs, gross metropolitan product, and projected population growth. M.S.A. (Metropolitan Statistical Area): Denver-Aurora-Broomfield, CO 2012 Population growth rate: 1.3% 2013 Population growth rate: 1.3% Job growth rate: 2.4% Unemployment: 7.4% Gross Metro Product: […]
TOD Plans for 2013
January 23, 2013 by Leave a Comment
DIA plans to develop some of the 50 square miles of land that surrounds the airport. These plans include a new transit-oriented development where East 61st Avenue will intersect with the FasTracks train to DIA. Don’t expect anything too soon, however. Work on building East 61st Street and East 60th Street to the development area […]
Seniors and the Housing Market
January 23, 2013 by Leave a Comment
Retirement communities have increased over the last twenty years in response to the fact that the fastest-growing age group in the U.S. is 65 and older. What are the rising trends of this population age group? 1. Many seniors feel that the rules, restrictions, and schedules of retirement communities do not reflect their needs and […]
Down the Road to Recovery
January 23, 2013 by Leave a Comment
Economists list three primary avenues for housing recovery: better market fundamentals, improved market composition, and more jobs. If job growth continues in 2013, housing should lead the way to economic recovery in Colorado. Here are a few encouraging stats from the fourth quarter of 2012: New Listings increased 7.1 percent Pending Sales decreased 1.3 percent […]
New Years Resolutions
January 11, 2013 by Leave a Comment
Consider a late New Years Resolution of being extra cautious about water waste. According to the results of a three-year federal study of the Colorado River, the river won’t have enough water to support all the people who rely on it throughout the southwest, from metro Denver to California. The Study, which began in January […]
Mortgage Forgiveness Debt Relief Act
January 10, 2013 by Leave a Comment
Under normal circumstances, debt forgiven as a result of a short sale or mortgage modification would count as income for tax purposes. Lenders send out 1099s to account for the amount of the debt they have forgiven. However, the Mortgage Forgiveness Debt Relief Act (Act) that was passed in 2007 states that mortgage debt that […]
Tax Credit on Wind Energy Extended
January 5, 2013 by Leave a Comment
Colorado ranks 12th in the nation in wind energy production, according to the American Wind Energy Association(AWEA), and wind turbines will keep on turning in 2013. Congress voted to extend the tax credit on wind energy that many said was key to the survival of Colorado’s wind-power industry. The credit’s one-year extension was included in […]
Is Denver Recovering?
January 5, 2013 by Leave a Comment
Denver ranks 36th among the nation’s 100 largest metro areas in the strength of its recovery from the economic downturn. The Brookings Metropolitan Policy Program’s “MetroMonitor” index of economic recovery compared the 100 cities on how far they have recovered from their lowest recession-period in employment, unemployment, economic output, and home prices. Brookings ranks Denver […]