Colorado Association of REALTORS | Housing Affordability
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Housing Affordability Tag

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Who Are The People Who Can Actually Afford Denver-Boulder’s High Rents And Mortgages?

Colorado’s homeownership has fallen from 71.2 percent in 2005 to 65.1 percent in 2019, according to the U.S. Census Bureau. Homebuilders lag way behind in constructing new places to live. In 2018, companies received permits to construct 29,114 single family detached homes, 38 percent lower than the 40,140 permits in 2005. But back then, there was 1 million fewer people...

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Denver Remains a Top Destination for Millennials, but a Shortage of Affordable Homes Could Make it Harder to Keep Them

Denver remains a magnet for millennials, but a lack of affordable homes could prevent many of them from sticking around for the long haul.   Out of 100 metros examined, Denver continues to rank in the top 10 for its ability to attract and retain millennials, the generation born between 1980 and 1998, according to a study from the National Association of...

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Affordability Index Retrospect

Affordability Index Retrospect Index Over Time Shows a Complex Story Behind Affordability Issues in Colorado   By Matthew Leprino   You aren’t wrong. Living in Colorado isn’t exactly ‘affordable’ these days. Our incredible State has been evolving for some time now and the potency of that change is no clearer than in the lack of affordability of our real estate market. A relatively new statistic...

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The Colorado Housing Market

The Colorado Housing Market   By James Meijia   06/07/2017   Lack of Inventory Drives Prices In their annual April housing report, the Colorado Association of Realtors (CAR) points to a red hot market not only in the Denver metro area but throughout the state. The average selling price of a home in Colorado jumped 12.3 percent in one year to $416,695. Coupled with high sales price...