Tag: Housing Shortage
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Metro Denver renters see lower prices, but for how long?
At a moment when high home prices and mortgage rates are barring many Coloradans from purchasing a house, renters are getting a little good news in the Mile High City. The average rent in metro Denver fell by 3.7% over the past year, according to a report released Thursday by the Apartment Association of Metro…
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Colorado looks to become epicenter of 3D-printed homes with Alquist move to Greeley
Colorado looks to become the epicenter of 3D-printed houses with a new partnership between the company that first created the nation’s first such home and the City of Greeley. And with Colorado having one of the highest shortages in affordable housing in the country, state officials welcomed the help. “Colorado faces a housing supply shortage…
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How many more hours of work will a Denver resident need to pay for a home mortgage?
How expensive is buying a home in Denver? A resident will need to work an additional 36 hours per month compared to the year before to pay for the mortgage on a newly purchased average-priced home. That average price, by the way, now stands at $619,451 — more than double what it was in 2013. And that’s…