Monthly Roundup November: DMAR in the News

Our Association caught the attention of several major media outlets this month including Colorado Sun, Denverite, Denver 7, Denver Business Journal, The Denver Post and The Denver Gazette.

Colorado Sun

Zillow spent big in Colorado’s Front Range this summer, months before collapse of home-flipping business The company bought hundreds of homes in the Front Range this summer, mostly in August and September, often paying more than what sellers were asking. Now the company, as it folds its ill-fated Zillow Offers business of flipping homes with a promise to investors to unload roughly 18,000 homes across the country, is selling more than 500 homes in 10 Front Range counties, and more homes it purchased in October are hitting the market every day. Read More

Denverite

These new Denver parents say they found freedom when they gave up on their homebuying dreams Kristen Post had pretty standard goals: get a good job, marry, own a home, have a kid. A few years back, she earned a master’s degree in social work, met her husband, Brett, and got a gig as a social worker doing something she loved. It didn’t pay as much other other professions, but her life had purpose. Meanwhile, Brett labored long hours as a warehouse lead at Amerisource Bergen. Neither were paid a fortune, but they were doing well enough to get by and dream of purchasing a house before their next life goal of having a kid. Read More

Denver 7

Denver housing inventory hits record low in October

Denver Business Journal

New report: Seasonal trends mean struggling homebuyers might have an open door to buy The majority of statistics have stayed seasonally consistent with years past, wrote Andrew Abrams, chair of the DMAR Market Trends Committee, in the commentary accompanying the report. Prices have also stayed consistent month-over-month, which has opened the door for would-be home buyers. Read More

The Denver Post

From summer heat to autumn chill, metro Denver housing market continues to cool down Both home sales and active listings in metro Denver dropped in October, with the housing market running much cooler than this time last year, according to the Denver Metro Real Estate Market Trends Report from the Denver Metro Association of Realtors®. Read More

Investors purchase a record share of the homes sold in metro Denver in third quarter Investors are snapping up homes at an unprecedented pace across the country, including in metro Denver, resulting in more competition for individual buyers trying to find a place of their own in an undersupplied market. Read More

The Denver Gazette

Metro Denver home sales market chills Home sales in metro Denver slowed a bit in October and prices stayed flat for a change, giving buyers a bit of breathing room from the frenzied market that has defined much of the year, according to the latest Market Trends report from the Denver Metro Association of Realtors®. Read More