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 […]
Nationally, Denver’s Rising Rent is Moderate
June 16, 2015 by Leave a Comment
For some, Denver’s continuously rising rent increases are a problem, while others view it as a sign of a desirable place to live and work. According to the latest data from the Apartment Association of Metro Denver, median rents in the Denver metro area increased by 13 percent year-over-year in the first quarter, and average rents […]
Luxury Home Sales Up
May 29, 2015 by Leave a Comment
Sales of luxury homes in the Denver metro area increased by 46 percent year-over-year in February. A total of 63 luxury homes were sold in February, up from 43 homes in February 2014. Luxury home transactions were also up from January, when 49 such homes were sold. The median price of a luxury home in […]
Recovered from the Recession
April 22, 2015 by Leave a Comment
Every year, the commercial real estate arm of Coldwell Banker Real Estate LLC ranks the best markets in the country for commercial real estate, and this year Denver came out on top. Denver was in the top 10 in last year’s ranking, but jumped up to No. 1 because of job growth, construction and economic […]
Falling Oil Prices and Real Estate
April 17, 2015 by Leave a Comment
Colorado posted a new record for oil production in 2014, with more than 82.8 million barrels of crude oil pumped from the ground. This 2014 figure is 27 percent higher than the 65.3 million barrels the state produced in 2013 (a number that topped the previous year’s production levels and also smashed what had been […]
State Unemployment Drops Below Five Percent
November 24, 2014 by Leave a Comment
Colorado’s unemployment rate dropped to 4.7 percent in September, the lowest rate since June 2008, and the state added 14,600 payroll jobs from the previous month. It’s the first time in more than four years that Colorado unemployment has been under 5 percent. Meanwhile, the payroll job gain last month was nearly double the state’s […]
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 […]
Unemployment Falling Despite Lost Jobs
October 22, 2014 by Leave a Comment
Colorado lost 700 jobs in August, however, state unemployment still fell two-tenths of a point, to 5.1 percent – its lowest level in six years. August was a paradoxical month in which two different government employment surveys (one of employers and the other of workers) showed differing job trends in Colorado. The August survey of […]