Tag: Housing Market
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Denver employment remains steady and diverse, experts say
Colorado’s unemployment rate, 3.4%, has stayed just lower than the national average, currently 3.5%, for months. Two experts weighed in recently on how Colorado’s economy has passed the recovery phase from the pandemic, and how it seems ready to weather a potential recession storm. The two are Jared Bernstein, a member of President Joe Biden’s…
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Denver-area home prices rise for first time in months
Prices for metro Denver-area homes rose for the first time in four months, albeit slightly. But the inventory of available for-sale homes continues to increase as does the time it’s taking to sell that inventory, according to the most recent Denver Metro Association of Realtors Market Trends report. The average price for a Denver-area home…
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Metro Denver home buyers getting breathing room
The median single-family housing price in the seven-county Denver area dropped for a fourth straight month, now at $620,000, according to the August Market Trends Housing report from the Colorado Association of Realtors (CAR). That median sales price is still 10% higher than a year ago, but well off from spring of 2020 when appreciation…
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Colorado property tax rates poised to skyrocket in coming years, report by business group finds
Facebook Twitter WhatsApp SMS Email Print Copy article link Save Coloradans are facing massive property tax increases in the coming years due to a combination of the state’s surging real estate market, the tax system’s biennial assessment calendar, and the looming expiration of measures adopted to ease the shock of tax hikes, according to a…
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Year in review: Economic recovery top business story of 2021
The biggest story in business in 2021 continued to be Colorado’s economic recovery from the COVID-19 pandemic. While state unemployment levels stood at 6.6% in January, they continued to slide throughout the year and finished at 5.1% in November, the latest figures available. While that’s getting closer to the 4.7% level in March 2020 as…
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Denver’s East Colfax neighborhood could be rezoned for ‘granny flats’
Facebook Twitter WhatsApp SMS Email Print Copy article link Save Denver’s entire East Colfax neighborhood may soon be rezoned to allow for accessory dwelling units, colloquially called “granny flats,” after the City Council land use committee approved the proposal Tuesday. If passed by the full council, the measure would allow homeowners in East Colfax to…
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Number of available metro Denver homes ticks up
Facebook Twitter WhatsApp SMS Email Print Copy article link Save While the number of Denver-area homes available for sale in July increased 30% from the previous month, it’s still far below normal inventory levels for a market of the Mile High City’s size. That’s according to the most recent Market Trends Report from the Denver…
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New listings soar in June in Denver home market
Facebook Twitter WhatsApp SMS Email Print Copy article link Save June brought some relief to homebuyers in the metro Denver market, as the number of new listings soared to 7,826 — the highest number to hit the market in more than a year, according to the most recent report from the Denver Metro Association of…
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Denver homebuyers grappling with frantic seller’s market
All-cash offers. Bidding wars. Offers with no-ceiling escalation clauses. Waived home inspections, except for health or safety flaws. Sight-unseen offers sometimes within minutes of a home hitting the market. Denver-area home buyers deployed all the above strategies in recent months while attempting to land a property in the midst of what can only be described…
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Denver seeks public input on strategies for affordable housing, homelessness resolution
The Denver Department of Housing Stability is asking for the public’s input on how the city should work to address affordable housing and homelessness resolution over the next five years. Through the next month, community members can fill out a survey about strategic planning goals in four key areas: homelessness resolution, housing stability, housing opportunity…