A Westminster Neighborhood Pub is Closing their Doors Due to the Fast Growing Housing Market
Much like the rest of the state Westminster, Colorado has seen a jump in its real estate with the median home price increasing from $345,750 in 2016 to $350.00 currently. This boost is expected to only increase as Westminster has become an affordable option for those looking to settle in between Boulder and Denver. A consequence of this fast-growing housing market impacts residents and small business owners who are no longer able to afford rent. As the housing market grows building owners are able to profit more from the space they rent. This results in residents and small business owners not being able to afford the drastic rent increase they are being faced with.
Kelly Moye, A Colorado Association of REALTORS® spokesperson offers her insight with Fox 31 Denver News.
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