Is it better to buy or rent a home in the Denver market right now? According to a recent study by the Beracha, Hardin & Johnson Buy vs. Rent Index, Denver is in rent territory, which means that property pricing is out-pacing rents. At the same time, depending on your tax situation, credit score, amount […]
Housing Market Vitality
June 22, 2015 by Leave a Comment
The pace of construction started on new U.S. homes in April jumped 20 percent, which is the highest number seen in over seven years. According to the Census Bureau, the annual pace of permits for new construction, a sign of future demand, sprang up 10.1%, the highest since 2008. Both numbers were higher than economists […]
Denver’s Suburbs
June 20, 2015 by Leave a Comment
If you’re wanting to escape Denver’s climbing rent prices (at least a little), but still want to enjoy all that Denver has to offer, Denver’s suburbs have a lot to offer. In fact, many are connected to downtown by the Regional Transportation District’s 122 miles of rail track, and are full of their own restaurants, […]
Sales Down in April
June 18, 2015 by Leave a Comment
According to the National Association of Realtors, despite properties typically selling faster than at any time since July 2013, existing home sales dropped 3.3 percent in April. That is likely only because we do not have enough existing inventory of homes for sale. However, on average, homes sold for 6 percent more than than that […]
Residential Property Values Experiencing Double Digit Increases
June 5, 2015 by Leave a Comment
Residential property values in Denver County have increased by nearly 30 percent in the past two years. In fact, every county experienced a double-digit increase in detached single-family residential property values over the course of roughly two years. By state law, county assessors are required to re-evaluate the value of every property in their counties every […]
Zillow Predicts Housing Values will Continue to Increase
February 1, 2015 by 1 Comment
We just blogged about Colorado resale prices breaking records, and according to Zillow’s predictions in their May 2014 real estate market report, houses in the Denver metro area will continue to rise by 1.3 percent from May 2014 to May 2015. The median home value of $253,300 rose 8.3 percent in May 2014 from a […]
Doubled-Up Households
November 5, 2014 by Leave a Comment
According to a new Zillow analysis, an increasing number of American adults are moving in together to share expenses as rental rates continue to outpace income. As of 2012, 32 percent of adults live in doubled-up households (homes where two or more working-aged adults live together but aren’t married or partners). The share of doubled-up […]
Denver’s New Affordable Housing Plan
November 3, 2014 by Leave a Comment
A new, five-year affordable-housing plan for Denver was unveiled, providing a guide for housing programs and policies through 2019. The plan, called Housing Denver, will seek to work with nonprofits and private sector developers, as well as the financial community, to build an inclusive housing market. Housing Denver is a broader effort than the city’s […]