Author: Mark Samuelson Special to The Denver Gazette
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As market cools, Colorado home prices finally level out
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Home prices in Colorado are finally behaving the way that market economics would predict they should, following two years of flat-to-declining real estate sales. They’ve leveled out. That’s according to the newest Market Trends report by the Colorado Association of Realtors. The report shows the median price of a single-family home in the state dropped…
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Builders say state’s push fails to create more affordable housing
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What’s the secret sauce for making homes more affordable in Colorado? That’s the question that renters are asking when the median price of a home — now $550,000 — ranks Colorado as one of the least affordable places to live in the nation. Fourth or fifth from the bottom, according to some rankings. Colorado is…
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Downtown Denver sees tepid signs of absorption in empty office space
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Denver’s newly remodeled 16th Street is open at its full expanse, beckoning workers and employers back into a downtown that was partially vacated during the pandemic, when office vacancies climbed past 30%, then 35%. Now analysts are seeing a glimmer of hope that the collapse can be reversed and that workers, and residents, can be…
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As bike deaths spike, shop owners opposed to infrastructure changes decry bullying
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Increasing numbers of fatal accidents involving pedestrians and cyclists in Colorado — up 78% over the past decade according to the State Patrol — are raising the temperature on a public debate over how bike riders can be better protected on roads around Denver. One party to the debate is crying foul, describing intimidation against…
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Denver area rents fall, but experts see longer range housing costs rising
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Experts who track rental rates around the Denver metro area are reporting that, despite ongoing concern over housing prices here, apartment rents are continuing to drop. “The reasons for higher vacancy rates and declining rents is an increase in supply. There’s no market pressure to bid up rents,” said Andrew Hamrick, senior vice president and…
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Site selection experts raise a warning flag at Denver economic development event
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The Denver Metro Chamber of Commerce hosted a crowd of 500 civic leaders decked out in western wear Thursday, for a look at the new Stockyards Event Center behind the National Western grounds — perfect showcase for Colorado’s many attractions that reach out to corporations wanting to expand. But six experts who spoke to the…
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Colorado will help furloughed federal workers claim unemployment benefits
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As civilian federal workers in Colorado wait for word as to whether they will be furloughed by a federal government shutdown, the state’s Department of Labor and Employment is reaching out to aid workers in claiming unemployment benefits. The agency, which made the announcement early Wednesday, reiterated that many federal workers could be eligible for…
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Metro Denver real estate agents strive to interpret NAR settlement
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Spring typically marks high tide for the residential real estate market, according to Colorado agents. And this spring – with a low inventory of homes available to meet buyer demand – is no exception. Right now, brokers working that market are experiencing some added anxiety as they struggle to interpret a $418 million settlement by the…
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Vision Collision: Cherry Creek ponders over super-sized project
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Denver’s Cherry Creek neighborhood, with a shopping district that was once known for its quirky charms, has gone through a remarkable run of commercial and residential building projects over the past two decades, with more to come. And that has residents worried. A few decades ago, the small area’s boutiques, bistros and galleries were wrapped…
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Former Israeli Ambassador lauds U.S. backing of Israel, but senses support wavering
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Michael B. Oren, who served as Israel’s ambassador to the U.S. during the early Obama administration, said President Joe Biden’s support for the Jewish state in the wake of the Hamas attack that killed 1,200 people in southern Israel is deeply appreciated, but he now senses a wavering in that backing. Oren on Friday gave…
