There were 25 percent more starter homes available in metro Denver at the start of 2017 than at the start of 2016, and about a fifth more trade-up homes, according to a report Tuesday from the real estate firm Trulia. But the inventory in those two categories is so depressed that first-time home buyers or those hoping to avoid a heated bidding award on a more affordable property aren’t likely to see much relief. “Those big percentage increases amount to small nominal increases” Trulia’s chief economist Ralph McLaughlin said.
Metro Denver Had More Starter Homes For Sale At The Beginning Of 2017, But Still Not Enough
Aldo Svaldi, Denver Post: Business
Wed, 03/22/2017 - 1:59pm
Topics: those ralph mclaughlin trade-up mclaughlin seattle san francisco related articlesmarch priced don t no how donald trump s report massive aurora aerotropolis if metro association realtors denver trulia mclaughlin march boulder county starter homes homes for sale percent inventory housing income tier market premium large buyers percentage house prices median increases quarter largest spend account affordable category list supply explanation affordability share afford compared earners downturn gains community number tiers year lenders larger existing markets divides mix
BING NEWS:
- Zornio: Colorado houses are too big. We need more starter homes.
More access to smaller and simpler housing would greatly improve rates of first-time homeownership, especially for women.
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