The strength of the market showed itself yet again in March. The average days on the market plunged in March — a 35 percent decrease from March 2012. However, the average sold price statistic, $295,330, gives us the real story of the state of the housing market. This number is up 7 percent from February […]
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: […]
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 […]
Single-Family Housing Starts Slip 0.2% In March
April 24, 2012 by Leave a Comment
In March, single-family Housing Starts were down 0.2% from the month prior, or just 1,000 units on a seasonally-adjusted, annualized basis.