With rent constantly on the rise, the good news is that according to a new report from Apartment List, renters are extremely satisfied with the state of Colorado, as well as with the city of Denver. Colorado ranked 4th for renter confidence, receiving high marks for city satisfaction, and Denver ranked 15th out of the […]
Unemployment Rate Remains Consistently Low
July 8, 2015 by Leave a Comment
According to the Colorado Department of Labor and Employment, Metro Denver’s unadjusted unemployment rate stood at 4.2 percent in April, down a bit from March’s 4.3 percent rate and well below the 5.2 percent rate in April 2014. The 4.2 percent unadjusted jobless rate is for a 10-county area that includes Denver, Aurora, Lakewood, Broomfield […]
Most Bikeable Cities
June 26, 2015 by Leave a Comment
Denver continues to invest in walkable, bike-friendly infrastructure, and has landed the No. 4 spot on Walk Score’s (an apartment listing company owned and operated by Redfin Corp.) new “Most Bikeable Cities 2015” ranking, which gave Denver a 71.3 bike score, up 1.8 points from last year. The ranking came just in time for Denver’s […]
21st Most Populous City
June 24, 2015 by Leave a Comment
According to the latest U.S. Census Bureau city population estimates, Denver is now the 21st most populous city in the United States, up from 22nd a year ago. As of July 1, 2014, the City & County of Denver had an estimated 663,862 residents, up from 648,401 in 2013. Denver now stands immediately behind Seattle […]
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 […]
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 […]
Rent Will Continue to Rise in 2015
February 4, 2015 by Leave a Comment
A recent Zillow report reflects the increase in rental prices in metro Denver, and found that renters paid $474 million more in 2014 for leases. Renters in the Mile High City and surrounding cities paid $4.9 billion in rent, up from $4.5 billion in 2013, a 10.8 percent increase. Denver’s rental hikes were among the […]
Business Insider Rates Colorado’s Economy #1
September 15, 2014 by Leave a Comment
Business Insider recently ranked each state on how eight economic measures have grown or shrunk in recent years: the unemployment rate, the number of non-farm payroll jobs, gross domestic product, average wages, the working age (18-64) population, value of international exports, house prices, and auto sales. Colorado’s economy came in as the overall winner. As […]