Colorado was a leader when it came to missed mortgage payments and foreclosures in the years before the 2008 financial crisis. Now, no state can compare when it comes to borrowers who are timely on their mortgage payments and hanging onto their homes. Colorado has had the lowest rate of mortgage delinquencies of any state for 26 consecutive months and has...
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...
Denver’s 2019 elections have become a referendum on development, with Mayor Michael Hancock defending his handling of the city’s rapid urban growth. The debate has produced some major questions about development, housing and money. Here are some answers. Are housing prices slowing down? Yes. The pace of increases for rent and sale prices has slowed down lately. The median single-family home in...
As Democrats are scrambling to get the last of their agenda accomplished before the 2019 legislative session ends in almost exactly a week, we thought we’d help them with a little bit of prioritization. First, there are two terrible bills that Colorado lawmakers should pitch out the closest window. Senate Bill 225 would do away with a long-standing prohibition on rent control policies...
The Colorado Association of REALTORS® is confirming an earlier report from the Denver Metro Association of REALTORS® that metro Denver home prices suffered an annual decline in February. That’s the first time that has happened since 2012. But with strong gains still piling up along the southern Front Range and in Mesa County, home prices statewide are still rising. The median sales...
Kiss those years of double-digit annual home price gains goodbye. Depreciation has made a comeback in Boulder, Denver and Douglas counties, foreshadowing more widespread declines in the months ahead, according to a report Tuesday from the Colorado Association of REALTORS®. “We are seeing a ton more properties come on the market, but not an increase in the number of sales,” said Matthew Leprino,...
Denver moved up three spots to rank fifth last year in an annual survey of the country’s top moving destinations from Penske Truck Rental. Two colder climate cities, Denver and Portland, Ore., made the list despite their higher real estate prices compared to other cities on the list. Denver ranked 8th in 2017, 4th in 2016 and 6th in 2015. A separate survey from Atlas...
Despite drop in sales, median prices continued to climb Metro Denver’s housing market saw sales slide and prices continue to rise last year, and that pattern dominated across much of the state, according to a monthly update from the Colorado Association of REALTORS. Colorado Springs and El Paso County, the next biggest housing market after metro Denver, suffered a 5.5-percent drop in single-family...
For metro Denver’s housing market, 2018 will go down as a year of fire and ice, where a very hot first half flipped into a much colder second half that held December tight in its grip. “The big issue right now is that we have a larger amount of inventory, which is great for buyers,” said Sunny Banka, an Aurora REALTOR®....