Denver rents are 3% higher than last year

Colorado Politics covers an increase in rents in Denver.

 

“Denver rents have dipped slightly since July, but are still 3% higher than this time last year, a new report from RENTCafe says.

The average rent in Denver for August of this year was $1,670, compared to the national average of $1,472, according to the report.”

 

Read more on Colorado Politics here.

The 10 trends that will shape real estate in 2020

Curbed covers the latest housing trends for 2020.

 

“A market as large and dynamic as United States real estate rarely moves quickly. But the most striking narrative running throughout the annual Emerging Trends report from the Urban Land Institute is the sense of static and stasis.

Economic and political uncertainty have made things feel unmoored, but the overall insight conveyed by the authors—Urban Land Institute and PricewaterhouseCoopers researchers personally interviewed 750 industry members, and surveyed 1,450 more to create this report—is that we’re in for a soft landing, not a sudden crash. There may be less sudden moves, but that doesn’t mean some of the trends emerging this year won’t become breakout investments in the near future.”

 

Read more on Curbed here.

Coloradans are choosing to live with more people than before, study says

Colorado Politics covers how more people are living together due to housing costs.

 

“More Colorado residents are choosing to live with roommates, and researchers are trying to figure out why.

A new report by Shift Research Lab says that the number of doubled-up households increased by 34% between 2006 and 2017, as compared to 16% for all household growth.”

 

Read more on Colorado Politics here.

More and more families are doubling up in Colorado homes

Denverite covers how more people are living together due to housing costs.

 

“More Coloradans are living with friends, roommates and relatives now than before the economic decline of the late 2000s, according to Denver-based researchers who now plan to dig into the data to understand the implications of doubling up or couch surfing.

Jennifer Newcomer, director of the Piton Foundation’s Shift Research Lab, and Phyllis Resnick, executive director of the Colorado Futures Center, looked at census data to determine how many households included more than one family, related to one another or not. They found 415,000 such households in 2006 and 560,000 in 2017. The increase of 34 percent was more than twice the 16 percent increase in all households over that period. Newcomer and Resnick released their report Tuesday.”

 

Read more on Denverite here.

City launches housing survey for affordable housing plan

The Colorado Springs Independent highlights a housing survey that will aid future affordable housing plans.

 

“The city’s Community Development Division launched an online housing survey to gather information from residents about affordability and other challenges related to finding a place to rent or own.

The anonymous survey, accessible online, will remain open until June 16. It’s meant to inform the city’s forthcoming comprehensive housing plan, which will lay a framework for adding 1,000 units of affordable housing each year. That plan is due for release later this year.”

 

Read more on The Colorado Springs Independent here.

About Us

Denver remains a top destination for millennials

The Denver Post highlights Denver as one of the top cities that millennials are moving to.

 

“Denver remains a magnet for millennials, but a lack of affordable homes could prevent many of them from sticking around for the long haul.

Out of 100 metros examined, Denver continues to rank in the top 10 for its ability to attract and retain millennials, the generation born between 1980 and 1998, according to a study from the National Association of Realtors.

But the rate at which young adults, especially the new arrivals, can purchase a home given the wages available to them is among the lowest in the country, according to a study from the National Association of Realtors.”

 

Read more on The Denver Post here.

Littleton revamps permitting process to keep up with development demands

Denver7 covers the increase of growth and development in Littleton.

 

“LITTLETON, Colo. — As the Denver Metro area continues to grow, some cities are dealing with growing pains while trying to accommodate new development.

Like many other areas surrounding Denver and the Denver Tech Center, the city of Littleton is experiencing a building boom.

“The growth that we’ve been experiencing here in Littleton is not unique, it’s really a region wide,” said Jennifer Henninger, the director of community development for Littleton.”

 

Read more on Denver7 here.

Colorado Resources

This small Denver suburb is consistently ranked one of the best places to live in the country

In recent news, 9NEWS highlights Littleton, Colorado as one of the best places to live in the country.

 

“LITTLETON, Colo. — Even though it’s just 20 minutes from Denver’s center, this historic suburb’s downtown is a destination unto itself, with art galleries, an epic beer bar, boutique shops and its own art center.

And that’s just one reason why families have been moving to Littleton for generations. It’s something those websites that publish “best places to live” lists have noticed, too.

 

Read more on 9NEWS here.

Denver bumps Colorado Springs on US News’ 2019 ‘Best Places to Live’

This just in! Denver Business Journal highlights how Denver is number two on US News’ 2019 ‘Best Places to Live’.

 

“Everyone who lives here knows Denver is a great place to live, but a new ranking by U.S. News & World Report re-confirms it.

Denver moves up to No. 2 on the 2019 list, reclaiming the spot from Colorado Springs, which moved from second to third place this year. Last year, Denver was No. 3 and in 2017 it was No. 2.”

 

Read more on the Denver Business Journal here.

Even with home prices among highest in U.S., Colorado property tax bills remain cheaper than most

The Denver Post covers how property tax rates are the third-lowest in Colorado.

“Take solace, because homeowners in Colorado carry the third-lowest effective property tax rate of any state, only 0.51 percent versus 1.16 percent nationally, according to a tax survey from ATTOM Data Solution.

But don’t take too much solace. Colorado’s average home price is now fifth highest in the country, resulting in the 21st lowest average property tax bill, not third lowest. The average is $2,241 versus $3,498 nationally.”

 

Read more on The Denver Post here.