Colorado Association of REALTORS | Residential Housing
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Residential Housing

Exurbs Across US See Increased Growth; Douglas County Ranks #1

The exurbs have reportedly been adding more residents during the COVID-19 pandemic. So where exactly did these Americans go? Exurbs refer to communities beyond traditional suburban areas that are closer to large metros. Exurbs tend to have a low housing density and offer a more rural style of living. CapRelo, a global mobility firm specializing in U.S. relocation, identified which exurbs are...

Fox 31: Median Home Price in Denver Tops $600K in January 2021

“We have 2,500 units for sale. So condos, townhomes or single family — throughout the entire Front Range — the whole Front Range, that’s it! To give you a feel, we would typically have 14,000 units for sale,” said Boulder-area REALTOR® Kelly Moye. “In Denver, it’s hovering around $600,000. So it’s getting up there. And we saw an appreciation of 9%...

Denver Post: Homes in Short Supply Across Colorado

A combination of historically low interest rates coupled with homebuyers' desire for more space and ability to work remote in the age of COVID have resulted in an unprecedented market in every corner of Colorado. “2020 will go down as the most unpredictable year many of us have ever experienced,” said Colorado Springs-area REALTOR® Patrick Muldoon. Fort Collins REALTOR®...

Unpredictable Factors Deliver Record Setting 2020 Housing Market Across Colorado

ENGLEWOOD, CO – Jan. 13, 2021 – While coronavirus delivered devastating effects on our personal and professionals lives throughout 2020, the oldest laws of supply and demand carried Colorado’s housing market through health-focused restrictions, as well as changing residential and work wants and needs. Coupled with historically low interest rates, the combination of circumstances delivered record-setting results in most measurable...

Gen X, Millennials Likely to Keep Home Buying Strong for Years to Come

Between 2018 and 2028, the number of households is projected to increase by up to 12 million. Generation X and millennials are expected to drive most of that household formation. As they replace dropped households over that time, the two generations could add nearly 25 million new households by 2028, according to the CoreLogic Insights Blog. The largest cohort of millennial...

Trail Gazette: Colorado’s Housing Market in Just One Word – Inventory

“With winter on the horizon and temps falling, Larimer County’s real estate market remains hot,” said Estes Park-area REALTOR® Abbey Pontius. “COVID undoubtedly has put a crimp on the ease of showings, open houses, daily field work, and how we can close transactions, but these are just small speed bumps in the big picture. As we spend more time in...

Colorado’s Housing Market in Just One Word – Inventory

Active listings and months supply of inventory fall to record lows driving land sales in many communities ENGLEWOOD, CO – Dec. 10, 2020 – High demand and a continually shrinking supply of homes available for sale across Colorado pushed active listing and overall inventory to all-time lows across the state and driving land sales in numerous markets, according to the latest...

CNN Business: Black Millennials Fueled a Surprising 2020 Home-Buying Surge for African Americans

The coronavirus pandemic and the resulting lockdowns that convinced Kenyan immigrant Lynn Poole and her husband to move out of their apartment in downtown Denver and purchase a three-bedroom house in Commerce City. Lynne Poole and her husband Aaron Poole stand outside the new home they purchased in 2020. "We weren't looking forward to living far away because...

Denver Ranks #9 on List of Strong Real Estate Markets in 2021

The housing markets expected to be the strongest in 2021 are tech hubs with strong job creation, state capitals where home shoppers may get more square footage for their money, and smaller cities with greater affordability, according to a new analysis from realtor.com®. But none of these areas boast the cheapest home prices in the nation. In most of them, buyers...