How is the Market?

It's a question we get all of the time - how is the market in the Denver Metro area?

Found 98 blog entries about How is the Market?.

It turns out Americans weren’t ready to become a nation of renters. Homeownership is back in.

As reported by The Washington Post, new data indicate that in 2016, in defiance of myriad prognostications, the decade-long decline in the homeownership rate abruptly reversed. Once-rapid growth in renter households stalled, and the long-stagnant number of owner-led households began rising.

The most recent Housing Vacancies and Homeownership survey shows homeownership rates rose from a low of 63 percent in the second quarter of 2016 to 64.6 in the fourth quarter of 2018, adjusted for seasonality. This move reflects changes in the status of millions of households. The homeownership rate has regained all the

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Rising rents are making it near impossible for renters to save for a down payment.

A new HotPads® analysis concluded that there is one way that young adults are trying to combat this change. Moving back in with Mom and Dad. 

HotPads, a rental search platform that is part of Zillow Group, found that the median home value is $225,300, meaning a 20 percent down payment is about $45,000. If a renter earning the median annual income saves 16.5 percent of their income after accounting for housing costs each month – the typical rate of savings for U.S. renters – they would have enough saved after eight years.

With the typical renter spending about 34 percent of their income on housing, one can see how moving in with parents makes sense. If a renter

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In February, for the entire residential market (single family and condos), there was a 47.33 percent increase in active listings year over year generating a 5.6 percent increase in new listings compared to the month prior.

“Love was in the air in February’s real estate market. Buyers were loving homes so much they put 15.64 percent more homes under contract in the 11-county Denver metro area than they did in January,” said Jill Schafer, Chairwoman of the DMAR Market Trends Committee and metro Denver REALTOR®. “We’re definitely seeing the seasonal market pick up with the average number of homes sold in February up 4.77 percent month-over-month.”

Schafer assesses that the increase in contracts can be partly attributed to the increase in choices.

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Concerns of a 2019 downturn in housing are overblown, with housing starts likely to show steady growth in the intermediate term.

A new report from Wells Fargo and L.E.K. Consulting says there is pent-up demand from a new generation of first-time home buyers and a low supply of single-family housing, which should drive long-term residential new construction growth.

As interest rates climbed higher over the course of 2018, declines in housing affordability combined with economic cycle concerns sparked worries for the residential new construction sector. However, as the expected pace of rate hikes has slowed in early 2019, affordability and homebuyer sentiment is improving. These factors coupled with historically low levels of inventory should

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One sign of a hot housing market is an influx of new residents...

And these are the states who attracted the most new residents from July 1st, 2017 to July 1st, 2018. 

1. Nevada

Growth in Population: +2.1 percent (3.03 million)

2. Idaho

Growth in Population: +2.1 percent (1.75 million)

3. Utah

Growth in Population: +1.9 percent (3.16 million)

4. Arizona

Growth in Population: +1.7 percent (7.17 million)

5. Florida

Growth in Population: +1.5 percent (21.3 million)

6. Washington

Growth in Population: +1.5 percent (7.54 million)

7. Colorado

Growth in Population: +1.4 percent (5.7 million)

With the addition of close to 62,000 people (accounting for births and new residents), Nevada is the fastest-growing,

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In January, the number of new residential listings (single-family and condos) leaped 109.7 percent from December to 4,821, an increase of 13.6 percent year over year.

Active listings were up just 5.45 percent from the month prior, and up 52 percent compared to 2018’s record-low January reaching 5,881. Notably, the number of active listings is still significantly below the historic average in the month of January of 13,469 (1985-2018). 

“Choices, choices, choices! Buyers should be doing a happy dance because they finally have some choices,” said Jill Schafer, Chair of the DMAR Market Trends Committee and Metro Denver REALTOR®. “Even though the Denver metro area is still a seller’s market in most price ranges, there’s no doubt this is the best

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As a whole, the national housing market is in a period of transition—but that doesn't mean every city is experiencing it the same way.

According to a forecast recently released by Veros, appreciation, on average, is expected to be 3.9 percent in the 100 largest markets this year—but there are areas bucking the trend, and clear patterns where prices are on the rise.

Case in point? Idaho. From Boise to Idaho Falls, home prices are projected to spring up 8 percent or more for the year. Jump one state over to Washington, and prices are projected to sprout there, too. (Hint: It's not Seattle!)

According to the forecast, the top 10 growth markets for the year are:

  1. Boise City-Nampa, Idaho (+9.5%)
  2. Olympia, Wash. (+8.8%)
  3. Midland, Texas
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In much of the United States, single women are outpacing single men when it comes to homeownership.

This trend may be somewhat surprising, given the average woman in the U.S. only makes 80% of what the average man does. Nonetheless, the data clearly indicates that single women are more likely to own a home than single men are.

For example, in the New York metropolitan area, single women own slightly more than 820,000 homes. In the Los Angeles metropolitan area, that number is around 460,000. On the flip side, single men own about 435,000 homes in the New York area and about 260,000 homes in the Los Angeles area. In both cases, single women owned nearly twice as many homes as single men did.

To determine the number of single homeowners in each

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