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Is Denver’s Housing Market Failing? New Report Says It’s Very Close.

Source: Aldo Svaldi of The Denver Post

Is Denver's Housing Market Failing?

$80,000. That’s the estimated amount that potential buyers need to make if they want to buy the median priced home in Denver. And that price in Denver is now at $425k ($395K for attached homes and $455K for detached), which corresponds to a 20% down payment of $79-91K. For now, Denver’s median family income is right above $80k. Can incomes keep pace with soaring real estate prices?

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