Tag: Real Estate
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Metro Denver real estate agents strive to interpret NAR settlement
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Spring typically marks high tide for the residential real estate market, according to Colorado agents. And this spring — with a low inventory of homes available to meet buyer demand — is no exception. Right now, brokers working that market are experiencing some added anxiety as they struggle to interpret a $418 million settlement by the…
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Former Denver Post Building inching closer to becoming City of Denver property
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The Denver City Council moved closer to purchasing the former Denver Post Building after approving two measures Monday. But some councilmembers question the need for the $90-million building in light of potential budget cuts due to the staggering costs of the immigration crisis that’s hit the city in the past year-and-a-half. City officials, and the…
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Jefferson County’s $273 million project — part of Peaks to Plains Trail — sparks excitement, push back
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An ambitious trail that seeks to connect the Continental Divide to the Denver metro is sharply dividing the residents of Jefferson County, with some balking at the $273 million cost to the county alone and others excited at the prospect of better access to the “truly quintessential Colorado experience.” When completed, the 65-mile Peaks to…
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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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Denver realtors feeling a warming trend in new year home market
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In early January when the weather is running cold and dreary, real estate agents are sensing a puff of warm air in Denver’s housing market. That’s following a year when rising interest rates, high prices and low inventory had chilled home sales. In its January Market Trends Report for the 11-county area, analysts at the…
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As spring arrives, Colorado Realtors sense a chill in the market
Exactly a year after rising mortgage rates began tempering the wild real estate market that raged during the pandemic, Colorado Realtors are feeling some slack in sales this spring — generally the most robust part of their calendar year. That lukewarm market shows in the modest number of new single-family listings that were put online…
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Metro Moves: Crescent Space Services LLC enters lunar infrastructure sector
Welcome to the Denver Gazette’s Metro Moves. You’ll get the latest metro Denver openings, closings, hiring and promotion briefs here. To submit your company’s news, drop an email to savannah.mehrtens@denvergazette.com. LUNAR INFRASTRUCTURE Crescent Space Services LLC, a commercial company from Lockheed Martin, announced its entry into the lunar infrastructure sector last week. This company will…
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Denver’s office space market remains steady, retail prepares for a return to spending
Denver’s office commercial real estate market finished steady by the end of the fourth quarter, unlike the retail scene which was affected by rising inflation, according to several area brokers. The office market had more than 340 transactions totaling 1.6 million square feet in leasing activity during the fourth quarter across the metro Denver area,…
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Metro Denver home sales gathering momentum again?
After a half year of declining sales in the wake of sharply higher mortgage rates, the National Association of Realtors is seeing an upward turn in pending home sales — and Denver area brokers are already marking that same bounce. “It’s been crazy the last month,” said Rike Palese, broker/manager of ReMax Professionals’ DTC office…