Here’s a quick digest of what happened in Denver real estate last month:
+ A study finds that people didn’t abandon urban neighborhoods during the pandemic. Denver was among the most expensive large metro areas that saw a big decrease in urban in-migration and a small increase in urban out-migration during the pandemic.
+ Only 21% of Denver renters can afford a typical monthly mortgage payment ($2,376/month), compared to 27.4% nationwide, according to Zillow.
+ Denver homebuyers continue to have to move quickly and prepare for a bidding war as the housing market remains ultra-competitive.
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