by Jon Terry | Jun 16, 2015 | Blog, The Economy
For some, Denver’s continuously rising rent increases are a problem, while others view it as a sign of a desirable place to live and work. According to the latest data from the Apartment Association of Metro Denver, median rents in the Denver metro area increased by...
by Jon Terry | May 29, 2015 | Blog, The Economy
Sales of luxury homes in the Denver metro area increased by 46 percent year-over-year in February. A total of 63 luxury homes were sold in February, up from 43 homes in February 2014. Luxury home transactions were also up from January, when 49 such homes were sold....
by Jon Terry | Apr 22, 2015 | Blog, The Economy
Every year, the commercial real estate arm of Coldwell Banker Real Estate LLC ranks the best markets in the country for commercial real estate, and this year Denver came out on top. Denver was in the top 10 in last year’s ranking, but jumped up to No. 1 because...
by Jon Terry | Apr 17, 2015 | Blog, The Economy
Colorado posted a new record for oil production in 2014, with more than 82.8 million barrels of crude oil pumped from the ground. This 2014 figure is 27 percent higher than the 65.3 million barrels the state produced in 2013 (a number that topped the previous...
by Jon Terry | Nov 24, 2014 | Blog, The Economy
Colorado’s unemployment rate dropped to 4.7 percent in September, the lowest rate since June 2008, and the state added 14,600 payroll jobs from the previous month. It’s the first time in more than four years that Colorado unemployment has been under 5...
by Jon Terry | Nov 5, 2014 | Blog, Residential Real Estate, The Economy
According to a new Zillow analysis, an increasing number of American adults are moving in together to share expenses as rental rates continue to outpace income. As of 2012, 32 percent of adults live in doubled-up households (homes where two or more working-aged adults...
