Tag: Interest Rates
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Colorado businesses starting to feel good about the economy again, report shows
For the first time in two years, a key barometer for the state’s economy entered positive territory.
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Denver housing market’s peak season off to better start from pent-up demand
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As the weather heats up each year, so does Denver’s housing market. While last year’s spring selling season — when the number of homes sales typically peak in the region — cooled due to high housing prices and rising interest rates, the market this year is showing signs of a better start. A surge of homes…
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Denver homebuyers seeing more choices on market at start of 2024
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With the start of the year, the Denver housing market shows hopeful trends ahead of the spring selling season. The number of homes on the market spiked last month in the 11-county Denver area, according to the Denver Metro Association of Realtors’ January Market Trends report. The number of homes on the market typically dips…
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Colorado’s job growth expected to continue in 2024, report shows
Colorado’s economy will see increased job growth in 2024, economists predict, and its labor force participation is near record levels. But concerns still persist around commercial real estate, rising interest rates and inflation. That’s according to the 59th Annual Colorado Business Economic Outlook by the Leeds School of Business at the University of Colorado Boulder…
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Rising interest rates jinxing the Denver housing market, says new report
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In a month when a late monsoon is cooling summer temperatures around the Mile High, interest rates are chilling the area’s real estate market, according to a newly released report by the Denver Metro Association of Realtors. While real estate agents have hopes that rates will fall later in the year as inflation lessens, that’s…
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Metro Denver for-sale homes inventory up, buyers cautious
Home buyers appear to be waiting to jump into the Denver housing market amid high interest rates, according to the latest Denver Metro Association of Realtors monthly Market Trends report, which also noted growing inventory combined with slower market activity. Home sales were significantly lower this June as compared to 2022. Market-wide, there have been…
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Colorado bill would cap medical debt interest, implement other consumer protections
Cindy Powers underwent emergency surgery to fix a life-threatening abdominal obstruction in 2004. Over the next five years, she received 18 additional surgeries to address complications, infections and hernias, before her condition was finally fixed in 2009. But while her medical nightmare had come to an end, the financial nightmare was just beginning. Even with…
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U.S. Sen. Hickenlooper calls for Federal Reserve to pause rising interest rates
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U.S. Sen. John Hickenlooper called for the Federal Reserve to pause rising interest rates Thursday in a stern letter to Fed Chairman Jerome Powell. The central bank has increased interest rates five times this year in an effort to combat skyrocketing inflation by slowing the economy and easing pressures on prices, The Washington Post reported.…
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Denver home sales prices continue slide in August
Metro Denver home sale prices dropped for the second month in a row in August, and days on market have reached a breathing-room level of 19 days, when it was just nine days a year ago, according to the most recent Denver Metro Association of Realtors Market Trends report. The average sales price for multifamily…
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Denver housing market: New year, more inventory?
Metro Denver homebuyers who thought it was tough to find for-sale homes in December will be sorely disappointed if they thought a new year would bring more inventory. That lack of inventory is expected to drive double-digit percentage price increases again in 2022, according to the Denver Metro Association of Realtors’ January report, released Wednesday.…