Denver is poised to reap the benefits that comes with being the biggest city in a 600-mile radius as energy companies pour billions of dollars of investment into the oil and gas fields of Colorado, Wyoming, Montana, North Dakota, and South Dakota. Why Denver? There are a number of economic reasons: 1. The five-state Rocky […]
Denver’s Apartment Boom Continues
July 24, 2014 by Leave a Comment
The demand for new apartments, job growth, RTD’s FasTracks transit project, and climbing rent are all factors in the continuing of Denver’s apartment construction boom. Denver’s market was among the country’s top markets for completion of new rental units in the first quarter of 2014 (2,312), and the number is expected to exceed 9,000 units […]
Is Marijuana Affecting Home Sales?
June 24, 2014 by Leave a Comment
With Colorado’s economy continuing to show sustained economic momentum, the price of homes continues to rise and the average days on the market continues to fall. As it stands, the Colorado economy is outperforming the most of the rest of the nation. We have been asking why. There are many contributing factors. Four-fifths of Colorado’s […]
Foreclosures Hit an Eight Year Low
June 12, 2014 by 1 Comment
The April foreclosure data for Colorado’s 12 metropolitan counties is now available. Foreclosure filings and foreclosure auction sales were near an eight-year low during April 2014, with foreclosure filings dropping 29 percent, year over year, from April 2013 to April 2014. Foreclosure auction sales, over the same period, dropped 38.9 percent in all metro counties […]
High Home Prices – This is the Time to Sell
June 10, 2014 by Leave a Comment
With a low unemployment rate and a great lifestyle, Denver has become a hotspot for new residents. Last year, Denver was recognized as one of the fastest growing cities in the nation, with a population increase of 1.9%. If trends continue like they are, that number will keep climbing for the next few years. As […]
Colorado Home Resale Prices Surpassing Old Records
June 5, 2014 by 1 Comment
Two national reports in the last several weeks report that Colorado and metro Denver home resale prices eclipsed previous record highs. CoreLogic’s April report, the latest data available, shows home prices in the Denver-Aurora-Lakewood area jumping 9.5 percent above the April 2013 level. The home price index level also increased 2.2 percent from March. Colorado […]
National Economic Recovery: Denver Places 3rd
April 9, 2014 by Leave a Comment
Economic recovery (in terms of jobs) is broad based in Colorado. Some areas contributing to the healthy economy are oil and gas, construction, infrastructure, including work on the new DIA rail line and major projects on Interstate 225 and U.S. 36, and overall increased activity in the Denver metropolitan area. Denver’s economic recovery has recently […]
Colorado’s Population is Growing Faster than the National Average
January 22, 2014 by 3 Comments
Year after year, Colorado counties top the lists of the fastest-growing areas in the United States, and a new study puts Colorado ahead of where it was last year for attracting new residents. Allied Van Lines, the giant moving company that annually reports on where people are moving, ranked Colorado number 8 on its list […]
Look Forward to a Bright 2014
December 9, 2013 by Leave a Comment
Metro Denver’s total output of goods and services (gross metropolitan product) is expected to rise by 3.2% next year, a much faster pace than the last few years, according to a new report from a unit of Colorado’s Information Handling Services (IHS Inc). Here’s a basic outline of the report: Metro Denver’s gross metro product […]
The Government Shutdown’s Affect on the Real Estate Market
November 4, 2013 by Leave a Comment
Now that the U.S. government is once again up and running, many wonder what the government shutdown’s impact on the real estate market (especially the mortgage end of the market) was, and what will happen going forward. Some states felt the effects more than others, and Colorado was said to be the eighth most affected […]