Denver back at No. 1 for home-resale price gains
“After trailing San Francisco for year-over-year
home-resale price gains in July, Denver tied with the California city for the
top spot among 20 major U.S. metro areas. For six of the last eight months,
metro Denver saw the biggest one-year gains out of 20 major U.S. markets in the
price of detached single-family homes, according to monthly data from the
closely-followed report series from S&P Dow Jones Indices and CoreLogic.
Other than Denver and San Francisco, no other metro area out of the 20 tracked
in the Case-Shiller report series scored double-digit percentage year-over-year
price gains. Denver's Case-Shiller home price index reached an all-time high of
172.82, topping July's reading of 171.31. An index reading of 172.82 means that
local home resale prices averaged 72.82 percent higher than they were in the
benchmark month of January 2000, according to the Case-Shiller report series,
based on non-seasonally-adjusted data.”
Denver Business
Journal
10/27/15
Denver County home
sellers make out big in Q3
“Home sellers in Denver County made out big in the
third quarter, where sellers sold for an average of a 41.5 percent gain over
what they originally paid. That's according to research conducted by California
housing data company RealtyTrac,
which placed Denver County at No. 6 in the country for highest percentage sales
gains. In
September, RealtyTrac said Denver home sales were on pace to set a 10-year
record, and median selling prices in Denver set
an all-time high this summer.”
Denver Post
11/5/15
Condos appreciating
more than single-family homes in Denver
“Condos in Denver have appreciated nearly 20
percent over the past year, which is nearly four times the national average and
well above the single-family home appreciation rate in Denver. According to
Seattle online real estate company Zillow,
single-family homes in Denver have appreciated 15.9 percent over the past year,
while condos have appreciated 19.7 percent. The yearly 15.9 percent increase in
Denver single-family home appreciation was the biggest jump in the country
while the 19.7 percent annual increase in condo appreciation was the
second-biggest jump in the country, trailing only the Dallas-Fort Worth area,
which recorded a 20.1 percent annual increase in condo appreciation.”
Denver Business
Journal
10/27/15
How
does Denver rate among nation’s best places to own a home?
“Where's the best place in the country to own a
home? Right here in Denver, according to a new report. Porch.com
and Redfin
created the
new list, based on a survey of about 10,000 U.S. homeowners in 67 markets,
and using criteria including: healthy living, commute, climate, educational
opportunity, economic opportunity, resident satisfaction, walkability, security
and safety, real estate confidence, and tax fairness. Denver did the best,
ranking No. 1 in the country, in the categories of health living and climate,
and coming in No. 2 in resident satisfaction.”
Denver Business Journal
11/9/15
A small Colorado city is rated 2nd best in U.S
“There's a city in metro Denver where housing costs are affordable,
home-ownership rates are high, cost-of-living is comfortable, education and
health care are sound and quality of life ranks high. And that place is
Littleton — the second-best small city in the U.S., according to a new WalletHub
study.”
Denver Business
Journal
11/3/15
Metro Denver city named one of 5 best places to
live
“It wasn't but a few days ago that a new study named Littleton the
second best small city in the country. And that place is Littleton — the
second-best small city in the U.S., according to a new WalletHub
study. Centennial is the No. 4 best place to live in America, according to a
new 24/7 Wall St. report that uses data from 550 U.S. cities with populations
of 65,000 or more to determine the best.”
Denver Business
Journal
11/6/15
Denver real estate
market growth is fourth highest in U.S, says new report
“The Denver area residential real estate market
experienced the fourth-highest increase in a new housing report. The Freddie
Mac Multi-Indicator Market Index (MiMI) uses four indicators to track an
area's residential real estate growth, including home purchase applications,
payment-to-income ratios (changes in home purchasing power based on house
prices, mortgage rates and household income), proportion of on-time mortgage
payments in each market, and the local employment picture.”
Denver Business
Journal
10/26/15
Landlords will love this: Denver is 4th-best city
in US for owning rental property
“With its rapidly increasing property values, low
vacancy rates and good long-term job prospects, Denver is the fourth-best
market in the country to own rental housing real estate. Denver ranked high in
categories such as vacancy rates (4.3 percent), property appreciation (11.61
percent), and job growth (2.94 percent). "Denver is once again one of the
best housing markets in the country to own rental properties in, leaving All
Property Management puzzled as to why it doesn't receive more national
recognition as a real estate powerhouse," the company said in the second-quarter report.”
Denver Business
Journal
10/28/15
Denver is No. 2 in the U.S. for real estate
investment
“If you're looking to make money investing in
residential real estate, look no further than Denver. That's because Denver's
ranked No. 2 in the nation when it comes providing the best returns on
residential real estate investment, according to a new study by online real
estate company BiggerPockets. Residential real estate prices increased a staggering
13.4 percent year over year across the Denver metro region," BiggerPockets said in its report. It's
been well documented in the Denver Business Journal that Denver's
residential real estate prices this year have increased greater than any other
market in the country.”
Bigger Pockets
10/15/15
Foreclosures:
Colorado bucks national trend, sees big drop in filings
“If you are looking to buy a home in Colorado, the
housing market had another squeeze in the third quarter with a drop in the
number of foreclosures. That's according to RealtyTrac's
latest Foreclosure Market Report for the state. Colorado, which
ranks No. 37 among the states for foreclosures, had a 17 percent decrease in
the number of foreclosure filings from the second quarter of 2015 and is down
15 percent from the same time last year.”
Denver Business
Journal
10/15/15
Denver apartment,
single-family home rents keep rising in September
“It's quite clear that rents in Denver have risen
greatly in the past year, but by how much? Let's just say that Denver's in the
top 10 in the country no matter who you ask and no matter what you're renting.
Over at Altisource Portfolio Solutions S.A., its data released on Monday indicate that in the third quarter
that ended at the end of September, the rents for single-family homes in the
Denver Metropolitan Statistical Area rose 14.6 percent from the same quarter a
year earlier. Denver's 14.6 percent rise for single-family house rents was the
eighth-biggest jump in the country.”
Denver Business
Journal
10/19/15
Single-family home
rents hit new high in metro Denver
“Apartment rents in metro Denver might
be on a tear, but single-family homes rents are rising even faster,
according to a report from Real Property Management Colorado and RentRange. The
average monthly rent on a single-family home with three bedrooms in metro
Denver reached $1,998, a 13.9 percent increase from the third quarter of 2014
and up 6.7 percent from the second quarter.”
Denver Post
10/7/15
Denver is
sixth-hottest US commercial real estate market: Report
“Denver is the nation's sixth-hottest commercial
real estate market, according to a new report. Colorado was cited in the latest
report for making important infrastructure improvements: "Public financing
is a tough sell. Yet it can be done, as Colorado has demonstrated in passing
bond referendums repeatedly." The report continued: ‘Denver has taken
advantage of a location and a culture that are attractive to a qualified
workforce and exposure to growing technology industries. ... The overall
outlook of good to excellent is led by a strong perception of investor demand,
the strength of the local economy, and capital availability.’”
Denver Business
Journal
10/8/15
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