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Another Reason Why New Housing is So Expensive
Residents in the town of Morrison will be voting this fall on whether to overturn the City Council’s decision to allow a developer to build residential and some office and retail space at the NE corner of Morrison Road and C-470 in the Rooney Valley just south of Solterra. This new development would feature 1,400…
I am Co-Hosting A Webinar on our Housing Market
Not a day (or even an hour!) goes by without someone asking if we’re in a housing bubble. It’s the number one question we get from agents, clients and the media alike and one we’ve been answering for literally 5 years as an endless series of doom and gloom pessimists have falsely called the top…
A New Perspective on Apartment Construction
I read last week from James RE Services that developers are currently building 25,700 new apartment units across metro Denver and another 27k are proposed to be built years further out. These 25k units will be completed over the next 2 years. Since 2013 developers have been pulling at least 10,000 permits a year every…
Another Big Company is Moving Here
VF Corp the maker of brands such as North Face and JanSport will begin moving their corporate headquarters to the Denver area next year from NC. They have pledged to create 800 new jobs and they will become the 11th Fortune 500 firm to make CO its home. VF Corp said these jobs will…
“What’s Wrong with Housing in America?”
Last week Home Builder Magazine ran 4 stories titled “What’s Wrong With Housing in America?” by Scott Cox, principal at Denver Colorado-based SLC Advisors, a home building, land development and investor consultancy that manages company level investments, housing and community development projects and repositioning/work-outs. Scott, is a licensed architect with broad experience in banking, development…
Small Business Owners are Giddy
The NFIB Small Business Optimism Index rose to its second highest level in the survey’s 45-year history to 107.9 in July, just a whisker away from its record-high of 108 set back in July 1983. Small businesses are one of the backbones of the U.S. economy and employ millions of Americans. “Small business owners are…
4 Rental Stats You Need to Know
The U.S. Census Bureau tells us that over the 10 years from 6/30/07 to 6/30/17, the number of “renter” households in the USA increased by 8.4 million to 43.4 million while the number of “owner” households increased by just 0.9 million to 76.1 million. According to Zillow 50% of the residents of the City of…
Homes are Affordable, Look at the Facts
According to CoreLogic the mortgage delinquency rates in CO for the month of May are as follows— 30 days or more late dropped to 1.8% this year from 2.1% last year. 90 days or more late dropped to 0.5% this year from 0.7% last year. Foreclosure rate is 0.1% down from 0.2% last year. For…
Another Reason Why New Housing is So Expensive
Residents in the town of Morrison will be voting this fall on whether to overturn the City Council’s decision to allow a developer to build residential and some office and retail space at the NE corner of Morrison Road and C-470 in the Rooney Valley just south of Solterra. This new development would feature 1,400…
A New Perspective on Apartment Construction
I read last week from James RE Services that developers are currently building 25,700 new apartment units across metro Denver and another 27k are proposed to be built years further out. These 25k units will be completed over the next 2 years. Since 2013 developers have been pulling at least 10,000 permits a year every…
Another Big Company is Moving Here
VF Corp the maker of brands such as North Face and JanSport will begin moving their corporate headquarters to the Denver area next year from NC. They have pledged to create 800 new jobs and they will become the 11th Fortune 500 firm to make CO its home. VF Corp said these jobs will have…
Is Our Market in a Rut?
I received our 7 county RE market report from Smdra last Monday afternoon after I had already written my newsletter for the 7th. Here are some of the major numbers— 4,943 homes and condos exchanged hands at the closing table in July. This is down 3.7% from last July and down 2.8% from 2 years…
