by Jon Terry | Jul 13, 2015 | Blog, Buying A Home, Colorado Living, Personal Finance, Rankings, Residential Real Estate, The Economy
Denver has been ceaselessly trying to lure millennials with projects like the Regional Transportation District’s rail system and transit-oriented developments. Why? Millennials now outnumber Baby Boomers. Also, Millenials are the most diverse population group....
by Jon Terry | Jul 8, 2015 | Blog, Colorado Living, Statistics, The Economy
According to the Colorado Department of Labor and Employment, Metro Denver’s unadjusted unemployment rate stood at 4.2 percent in April, down a bit from March’s 4.3 percent rate and well below the 5.2 percent rate in April 2014. The 4.2 percent unadjusted...
by Jon Terry | Jun 30, 2015 | Blog, Buying A Home, Housing Analysis, Rankings, Statistics, The Economy
Competition in the market has driven prices up. According to the latest data from REcolorado, the average sales price for a single-family detached home in metro Denver climbed to $402,302 in April. Average detached home prices in the area have never topped $400,000....
by Jon Terry | Jun 22, 2015 | Blog, Housing Analysis, Residential Real Estate, Statistics, The Economy
The pace of construction started on new U.S. homes in April jumped 20 percent, which is the highest number seen in over seven years. According to the Census Bureau, the annual pace of permits for new construction, a sign of future demand, sprang up 10.1%, the highest...
by Jon Terry | Jun 20, 2015 | Blog, Colorado Living, Rankings, Residential Real Estate, The Economy, Transit Oriented Development
If you’re wanting to escape Denver’s climbing rent prices (at least a little), but still want to enjoy all that Denver has to offer, Denver’s suburbs have a lot to offer. In fact, many are connected to downtown by the Regional Transportation District’s 122 miles...
by Jon Terry | Jun 18, 2015 | Blog, Housing Analysis, Residential Real Estate, Selling a Home, Statistics, The Economy
According to the National Association of Realtors, despite properties typically selling faster than at any time since July 2013, existing home sales dropped 3.3 percent in April. That is likely only because we do not have enough existing inventory of homes for sale....
