Migration

Denver Real Estate News Recap: March 2021

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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U.S. Real Estate News Recap: January 2021

Here’s a quick digest of what happened in U.S. real estate last month:

+ Colorado placed in the top 10 states people moved to during 2020, as ranked by U-Haul’s report of 1-way moves.

+ Pros predict that some of the next renovation trends will include a move away from open-concept living, a focus on outdoor space, and a rise in ADUs.

+ Whether you’re buying, selling, or staying put, Dave Ramsey offers his take on how the housing market will shake out in 2021.

 

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Denver Real Estate News Recap: December 2020

Happy New Year! Here’s a quick digest of what happened in Denver real estate last month:

+ Renofi is projecting that the average price of a home in Colorado will reach $763,309 by 2030, making us the 4th most expensive state after California, Hawaii, and Washington.

+ Denver ranks 8th in cities with the highest inflow of new residents during the pandemic.

+ Local restaurant owner Josh Wolkon shares how you can help save local restaurants.

 

 

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Colorado’s population growth slowing, and that could spell economic trouble down the road

Source: Aldo Svaldi of the Denver Post

Say what??

Colorado residents are more than familiar with our state’s population surge in recent years. In fact, the state has grown nearly twice as fast as the U.S. population in the past decade.

Several factors are changing this:

  • a slowing rate of state immigration,
  • an aging population, and
  • a birth rate below that of the 2.1 replacement rate

This leads to an uncertain future for Colorado’s economic and population growth. State demographer Elizabeth Garner offers further analysis and potential solutions in the full article.

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Is Denver’s Popularity Fading? More People Looking to Move out Than in

Source: Aldo Svaldi of the Denver Post

Is Denver's Popularity Waning? More Moving Out Than In

Denver’s popularity is in question for the first time in many years. After waves of people moved to the metro area in the last decade, the spark is starting to sizzle. Why? For many, it’s becoming too expensive and too crowded. Denver lead the way as the country rebounded from the Great Recession. Young workers flocked to Denver for job opportunities and recreation heaven. As the unemployment rate in the rest of the country has dropped, Denver’s luster is starting to fade. Median home prices are becoming out of reach, leaving natives and newcomers with thoughts of ditching Denver for greener pastures.

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