Local Denver economic news

The Denver Business Journal had a story last week about migration in and out of the state based on U.S. Census Bureau data from 2015 to 2016, the newest data available. CO gained 223k new residents in 2016; but 193k residents left the state; leaving a net gain of 30,000. This is the smallest net…

According to Lending Tree Denver has the 10th highest percentage of homes valued over $1 million in the country. Still, our percentage was just 2.65%. In San Jose 54% of all homes are valued at over 1 million dollars. For Fannie Mae their serious delinquency rate (3 months or more late) is just 0.44% of…

Resonance Consultancy Ltd., a global adviser on tourism, real estate, and economic development ranked Denver as the 16th best city in the country and 37th best in the world! They looked at 6 “P’s”—Place, product, programming, people, prosperity, and promotion.

In April the Metro Denver unemployment rate dropped to 2.50% after rising to 3% at end of 2017. According to staffing company Manpower Group 29% of metro Denver employers plan to hire more employees in the 3rd quarter and only 4% expect to reduce their payrolls. That is a very high percentage.

WalletHub, a personal financial website just ranked Colorado as the second best state for finding a job for the 2nd year in a row. Only Washington was better. And in another report from WalletHub they ranked Colorado as the 4th best state economy in the country after Washington, California, Utah and Massachusetts.

24/7 Wall Street analyzed data from the Census Bureau’s American Community Survey and they looked at “areas” or neighborhoods that have less than 25,000 people living there. The richest town was the Pinery, south of Parker. Its 12,160 residents have a median household income of $121,615 and 18.5% of households in the Pinery earn $200k…

SmartAsset researched U.S. Census Bureau data from 2017 to see where Millennials are moving to and from. Colorado was the 3rd most popular state for Millennials moving to with a net migration of 26,547 people last year. The City of Denver saw a net influx of Millennials of 5,100 last year, good for 8th best…

ApartmentList released their 3rd annual Renter Satisfaction Survey of 45,000 renters nationwide in our top 50 largest cities. Renters answered questions about 11 factors, with 4 primary factors—safety, job opportunities, social life, and recreational activities. And Denver scored a B+, good for 11th place out of 50 cities surveyed. Millennial renters gave Denver an A;…

The Denver MMA down assistance program has raised their income limits for all household sizes to a whopping: $125,860. That’s amazing to me that you can down payment assistance to buy a home at this income level. According to credit card research company Magnify Money, Denver is the 4th best city to retire in. Case-Shiller…

JLL Research which researches the apartment community market in every major city just named Denver a Rising Market and not a Peaking Market which means several more years ahead of strong apartment demand and construction will continue to happen. Then, I remembered the DBJ had a story about JLL Research at the end of April.…