Good News For Denver Home Buyers Looking to Wait While the Bubble Burst, Rents Growth Are Slowing

Denver’s homebuyers have been facing a very tough buying market for the past few years. But there is some relief if those potential homebuyers are looking to wait for prices to drop and continue to rent. Annual rent growth rates in Denver have been trending downward for the past few years. Although rent growth has slowed, it is still increasing, just at a slower pace. Of the 25 largest cities in the country, Denver currently ranks #10 for year-over-year rent growth at 1.4%. For comparison, Denver ranked #17 in 2017, #10 in 2016 and #2 in 2015. In 2015, the… Read moreGood News For Denver Home Buyers Looking to Wait While the Bubble Burst, Rents Growth Are Slowing

Denver Home Price Gains Slows In April In Latest S&P Case-Shiller Index

All 20 cities in the S&P Case-Shiller Index showed year-over-year gains. The index reported a 6.4% annual gain for the country in April, led by a 13.1% increase in Seattle, WA and a 12.7% advance in Las Vegas, NV. Denver had an 8.6% increase year over year. Month over month the rate of increase slowed. For the March/February period, the change was 1.4%. That decreased to a 1.2% increase from April/March. The index is aligning with other regional data we are seeing from Denver, showing a slower spring season then forecasted, it will be interesting to see the June numbers… Read moreDenver Home Price Gains Slows In April In Latest S&P Case-Shiller Index

Interesting May, Housing Starts Surge While Permits Plunge

May’s starts and permits data had a very mixed result. Housing starts jumped 5.0% month over month in May beating expectations of 1.9%. April starts data were revised to a 3.1% drop. Building permits however dropped 4.6% much worse than the expectations of a 0.9% drop. The spike in starts was driven by an increase of 11.3% in multifamily. Single-family starts were up 3.9%. The permit decline was driven by multifamily which dropped 8.5%. Single-family permits dropped only 2.2%. Median homes prices rose across the country by 4.9% year over year to a new record of $264,800 as inventory fell… Read moreInteresting May, Housing Starts Surge While Permits Plunge

The Day Has Come…a Flood of Housing Supply Hits Metro Denver

Could this be the moment we have been waiting for? The metro Denver area experienced a roughly 25% increase in the homes available for sale in May from April. Housing inventory on the market reached 6,437 up nearly 9% year over year and the highest reading for May in nearly 3 years. Steve Danyliw, chairman of the association’s market trends committee, who we have interacted with in the past, said “I don’t see a bubble any time soon, but keep an eye on inventory.” We disagree about the bubble and think that could be the beginning of the beginning of… Read moreThe Day Has Come…a Flood of Housing Supply Hits Metro Denver

Pending Home Sales Slump in April 2018

We have been making some coding changes to the website and have been down for a couple days. We hope our fans were able to survive our brief absence. A lot of new news in the market, the biggest being that new- and existing-home-sales were both below market expectations, while the latest from pending-home sales missed expectations by quite a bit. Pending home sales in April were down 1.3% month over month missing expectations of a 0.4% increase. In our home region the West, pending home sales were down 0.4 %. Pending home sales index for West was lowest since… Read morePending Home Sales Slump in April 2018