Jen McClung

Denver one of nation’s hardest cities to add apartments

Source: We Are Apartments

Denver one of nation’s hardest cities to add apartments

Denver placed 9th out of 50 metro cities for hardest places to add apartments. Denver’s biggest barriers to growth are the lack of additional land to develop within the county and city regulations. Factor in expensive land and high construction costs and it’s no wonder that affordable housing is becoming more and more difficult to find. Read the full report or:

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Denver Millennials may have finally pivoted from renting to buying

Source: Aldo Svaldi at The Denver Post

Denver Millennials may have finally pivoted from renting to buying

Millennials catch a lot of flak these days for not buying homes. But median home prices in Denver prevent a lot of first-time buyers from entering the market. Millennials are aging into homeownership as the labor market is booming and wages are growing, which is starting to drive demand. If only housing inventory could rise to make life easier for Millennials looking to buy.

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Denver Real Estate Market Update – April 2017

Denver Real Estate Market Update - April 2017

  • Properties were starting to stay on the market longer towards the beginning of the year as interest rates rose.
  • Homes are starting to move faster again as rates have declined.
  • The cool-down in prices toward the end of 2016 have all been erased.
  • Prices for condos and single-family homes have all been on the rise since the beginning of the year.