Monthly Roundup May: DMAR in the News

Our Association caught the attention of several major media outlets this month including The Denver Post, Denverite, Colorado Public Radio, The Denver Business Journal, 5280, National Mortgage News, 9News, ColoradoBiz and Denver7.

May 31, 2019

The Denver Post

Home price gains in Denver slow in February​

"Home price appreciation in metro Denver slowed to a 4.7 percent annual pace in February, down from a 5 percent pace in January, according to the latest release of the S&P CoreLogic Case-Schiller Indices." Read More

Metro Denver’s housing market tug of war continues into April​

"The peak spring home-selling season is in full swing in metro Denver, but it is proving to be a much tamer affair this year than last. Sellers listed more homes in metro Denver and buyers purchased fewer of them last month compared to April 2018, according to a monthly update from the Denver Metro Association of REALTORS®." Read More

Denverite

Denver area teachers can comfortably afford to buy only 5.4 percent of the metro’s available homes​

"Denver should get an F from teachers looking for a home. According to results released Thursday by researchers for the online real estate company Trulia, Denver is the third least affordable housing market for teachers among 55 large metro areas across the United States. Here, teachers can comfortably afford only 5.4 percent of available homes." Read More

Defects in west Denver homes highlight what can happen when development outpaces everything else​

"After the city raised safety concerns so serious that new beams had to be installed to support a row of homes in Villa Park, the owners and their builder joined to sue the engineering company. The engineers in turn blamed the city and a company contracted to review building plans." Read More

Firefighters, plumbers and childcare workers are among those struggling to buy homes in Denver​

"Home ownership is out of reach in Denver for firefighters, plumbers, childcare workers, dental assistants and bank tellers. But at least the firefighters and plumbers can afford to rent here, while a bank teller must spend almost 60 percent of his or her income on rent, according to a report on key workers and housing commissioned by Housing Colorado from the National Housing Conference that was released Thursday." Read More

Colorado Public Radio

Good News Anxious Home Buyers: Denver Real Estate Has Cooled A Bit​

"For the first time in a long time, Denver’s bustling real estate market has slowed. The top line: The steep rise in prices is slowing and there are more houses on the market. That’s making it easier for buyers like Philip Wang, who was looking for a bigger house for his growing family this spring." Read More

Young Home Buyers Scramble As Prices Rise Faster Than Incomes​

"For millennials looking to buy their first home, the hunt feels like a race against the clock. In the seven years since the housing crash ended, home values in more than three-quarters of U.S. metro areas have climbed faster than incomes, according to an Associated Press analysis of real estate industry data provided by CoreLogic." Read More

The Denver Business Journal

Denver's average home sale hits record high despite indicators favoring buyers​

"It now takes twice as long to sell a home in Denver than it did a year ago. But property is still switching hands pretty quickly. There’s also way more inventory to choose from. But still not enough to skew the market in favor of buyers." Read More

Despite the defeat of Initiative 300, homelessness in Denver remains a top business concern 

"Despite the resounding defeat of Initiative 300, called the "Right to Survive" initiative by proponents, Denver’s growing unsheltered homeless population remains a cause of concern for the local business community. Over the last few years, the unsheltered homeless population in Denver has increased by 58%." Read More

5280

Good News for Sellers—and Buyers—in Denver’s Real Estate Market​

"The number of homes sold in the Denver metro area dipped a little in April, according to the latest Denver Metro Association of REALTORS® report, which is actually a good thing for both buyers and sellers. The market’s perfect-storm conditions give buyers a little more time to find their dream home, and listings with a longer shelf-life mean there are more options to choose from—all without prices dropping one iota." Read More

National Mortgage News

Metro Denver's housing market tug of war continues into April​

"The peak spring home-selling season is in full swing in metro Denver, but it is proving to be a much tamer affair this year than last. Sellers listed more homes in metro Denver and buyers purchased fewer of them last month compared to April 2018, according to a monthly update from the Denver Metro Association of REALTORS®." Read More

9News

Denver metro area home prices expected to peak in June

"'The median single-family home price in April hit $444,000, less than 1 percent higher than the same time last year, according to the Denver Metro Association of REALTORS® (DMAR) most recent Market Trends report." Read More

Colorado Biz

Denver's housing market is hot, hot, hot​

"A strong job market and a gradual decline in mortgage rates will continue to push housing demand in the 11-county Denver metro area in 2019, according to the Denver Metro Association of REALTORS®’ market trends report for March." Read More

Denver7

Housing sales hit new record high price in April

 

 

Denver's Housing Report