Buying and selling a home in Denver is beginning to look much different in 2023 than it has over the past few years. The Mile High City was booming well before the pandemic as newcomers flocked here to be close to the mountains and enjoy the laid-back lifestyle in one of the best places to live in Colorado.
Read MoreIn the Denver metropolitan statistical area, though, even waning demand can’t alter the market much – not with the ultra-low supply the area is dealing with. In fact, despite the changes today’s higher mortgage rates have ushered in, Denver still ranks as the fourth-strongest housing market in the nation, according to the U.S. News Housing Market Index.
Read MoreIf you’re house hunting, there are plenty of homes available in Colorado — nearly 10,000 at the end of March, which is up 41.8% from a year ago.
Prices are a bit lower, too.
Read MoreBridgeport was once unavoidable. In the middle of the last century, the waterfront Fairfield County city 60 miles from Manhattan churned out so many kinds of products, it seemed to be almost single-handedly shaping the habits of modern life. Rolling off the assembly lines there: lipstick cases, flashlights, typewriters, fans, underwear, sewing machines, cars, scissors, guns, lace, drills, helicopters and phonograph records.
Read MoreThe housing market is cooling as consumers grow weary of higher mortgage rates. In December, the number of newly-listed homes sold had fallen about 37% from a year ago, according to Redfin data.
Read MoreLocal real estate experts predict that 2023 will bring more balance to the metro Denver housing market.
Read MoreRealtor.com®'s Market Trends Report(link is external) in November shows that the largest year-over-year median list price growth occurred in Milwaukee (+38.1%), Memphis (+26.9%) and Miami (+24.8%). Phoenix reported the highest increase in the share of homes that had prices reduced compared to last year (+28.4 percentage points), followed by Austin (+23.8 percentage points) and Denver (+21.0 percentage points).
Read MoreIf “hot” was the overused word to describe the U.S. housing market in 2021, then lukewarm to outright freezing might best describe how the market fared overall this year.
Read MoreThe housing market moved further in the direction of buyers last month as the markets that cooled the fastest in response to quickly rising interest rates and home prices continued to moderate, according to the Knock Buyer-Seller Market Index released today. At the same time, many strongholds show no sign of slowing down and some are expected to gain momentum over the next year.
Read MoreThe Denver housing market is one of Colorado’s most active as the state capital is home to many employers and is one of the Mountain West’s largest cities.
People also have been flocking to the Mile High City from more expensive cities in search of a cheaper cost of living and to work remotely in the Rocky Mountains.
Read MoreA favourable geographic location, an educated workforce, strong connectivity and a high quality of life are working in Denver's favour when it comes to attracting investment.
Read MoreFAIRFIELD - The State Board of Education on Wednesday approved an agreement... the district received updated enrollment projections from the SLAM Collaborative, a demographic firm, in late June, but that the estimates came “with some caution” because of the fluctuating real-estate market.
Read MoreWith the New York City region continuing to hold its own on real estate prices, Connecticut home owners are testing the autumn market with new listings — though some with existing listings are cutting their prices as buyers cope with higher mortgage rates and the overall impact of inflation.
Read MoreWaiting until prices plateau to buy won’t necessarily save you money though. “The more the bubble pops,” Gill says, “the higher the interest rates have gone. So your bottom-line expenses are either going to be the same or cost more if you don’t get into the market now.”
Read MoreIt’s important to address some of the claims and assumptions made in Ms. Lisa Prevost’s recent piece in the NY Times, Town After Town, Residents Are Fighting Affordable Housing in Connecticut.
The piece spurred a lot of discussion in many towns in the Nutmeg State and as an elected zoning commissioner in the Town of Fairfield and long-time neighborhood and environmental advocate, I’d like to set the record straight on 8-30g, Connecticut’s affordable housing law which allows developers to override local zoning regulations.
Read MoreIn a new analysis of 17 Fairfield County towns’ affordable housing plans, the median community received a ranking of 2.5 out of 5, showing scattered progress for many towns and room for improvement on equity and other issues in others.
Read MoreDenver officials want to better understand what it would take to turn obsolete office buildings downtown into sorely needed housing and plan to approach property owners next year about tackling those conversions.
Read MoreThis former manufacturing center in New Haven County is gaining popularity with New Yorkers, thanks to its relative affordability and access to Metro-North.
Read MoreStratfield is undergoing some big developments, with its latest Four Corners project expected to start soon.
Read MoreLocal residents and elected officials are seeking to block large housing projects, warning that increased density could change the character of their towns.
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