brad arnold
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Rising mortgages keeping metro Denver apartment vacancy rates low
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Fast-rising mortgage rates might be denting the record home prices that Denver sellers enjoyed last spring, but they’re only serving to reinforce the low-vacancy apartment market, according to developers and recent rental data. “You’ve seen some (home) prices start to decline as new homes and resales are taking longer to sell, but that’s actually helping…
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Developers have doubts about Denver’s plan to boost affordable housing
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As housing prices soar in the Denver area, a City Council committee is expected to discuss a proposal that supporters say would build and maintain more affordable units. The proposed program would ensure that developers create affordable units along with market rate condos and apartments. Builders and Realtors, however, have doubts whether those plans will help or…
