MARKET STABILIZES IN FEBRUARY – Despite Boost in Inventory

Statistics from February are in from REColorado and it looks like things were relatively stable across most categories despite a decent bump in the amount of inventory.  Even with a 9% increase in inventory, pricing was relatively stable, showing that buyers - particularly in the lower price points are still eager to purchase. Here's a …

BIG NEWS! – VF Corp Relocation

Hitting the news wires this morning is the announcement that VF Corp, the parent of brands such as The North Face, Vans, Smart Wool (founded in Steamboat), and others, will be moving their headquarters to Denver. VF Corp employs 70,000 people worldwide and has revenues of $11.7 billion. The move will bring roughly 800 positions …

Lakewood 1% Growth Cap – Horrible Idea

Looks like the risk of a 1% cap on the growth of housing units in Lakewood is back on the table. To recap, a group of local residents collected sufficient signatures to require the council to impose a cap of 1%, or place the measure on the November ballot.  A challenge was filed (on technicality …

I-70 Mountain Traffic – Connected Vehicles Ecosystem (RoadX)

Quality of life is one of the main drivers of economic growth and real estate development in Denver.  Much of that quality of life is attributable to mountain access, much of which occurs on I-70.  As anyone who has driven the corridor on weekend can tell you, there are some major threats to our quality …

Flood Impacts

The Colorado floods have devastated many communities across the front range and eastern counties.  Our family spent the week in a surreal state, watching the events unfold live on television as we sat relatively high and mostly dry - it was difficult to comprehend that just 20 - 30 minutes away, lives were washing away. …

New Housing Data – Continued Appreciation

The latest monthly Case Shiller Home price index is out and according to the report, the Denver Market saw a 9.4% year-over-year gain, with prices eclipsing last month's record level's.  This report continues the trend of 9% + year-over-year appreciation, which began back in January - indicating sustained appreciation. Denver's growth lagged the results from …

Where will the jobs come from??

From Calculated Risk: Since construction employment bottomed in January 2011, construction payrolls have increased by 369 thousand.    Historically there is a lag between an increase in activity and more hiring - and it appears hiring should pickup significant in the 2nd half of 2013 (Merrill estimates 20 thousand construction jobs per month will be added …

Market Indicators

The market in the central Denver are has been going gangbusters through the end of the year - there continues to be a shortage of available resale homes in the highly desirable neighborhood like Washington Park, Bonnie Brae, HIlltop, Crestmoor, Park Hill, Congress Park, Southern Hills Cherry Point and others. Is the market recovery real …

Denver has 2nd Best Housing Recovery in Nation – Only 5% Below Peak

Analysis by Cherry Point Properties of Denver's historical Case Shiller Home Price Indices reports, indicates Denver has the 2nd strongest market recovery in the country, as compared to the other 19 metropolitan areas tracked by the Case Shiller report. Denver's index is  down just 5% below its peak in August 2006. This is second only to the …

Now That’s The Way You Debate!

In honor of the upcoming Presidential debate at the University of Denver (my alma mater!) The only movie debate reference that comes to mind: http://www.youtube.com/watch?v=_yYDzLUH1NE The Presidential debate is big news here, traffic is shutdown right in the heart of Denver, at the height of rush hour, so that should be fun (light rail is …

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