High plateau — it’s a phrase starting to pop up a lot more in descriptions of metro Denver’s housing market. “As long as we have economic growth, we will likely bump along a plateau both in terms of price and volume,” said Mark Boud, chief economist at Real Estate Economics, which recently merged with Hanley Woods Metrostudy. Boud predicts a three-year run of double-digit gains in metro-Denver home prices will come to an end in the second half of the year, ushering in a long stretch of meager price increases and then small declines. Barring major job losses, Boud doesn’t see a slump like 2007 to 2009, when the metro area suffered a tough stretch of falling home prices that drove a surge in foreclosures and distressed sales. Related ArticlesJuly 21, 2016 Denver metro rents hit an all-time high as vacancy rates decline July 21, 2016 No parking?

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BING NEWS:
  • Amid a housing shortage, a proposed measure would give millions in tax incentives to turn empty office spaces into homes
    This would hopefully help jumpstart projects that convert commercial space to residential, a process developers say is plagued with high costs and delays.
    04/28/2024 - 11:00 pm | View Link
  • Denver looks to spend $22.8M to help people pay housing bills
    The city of Denver will review a $22.8 million plan to help 940 households deal with the costs of housing as part of the city’s effort in 2024 to wipe out homelessness. The two motions are before the ...
    04/26/2024 - 10:51 am | View Link
  • Real Estate
    More people who once might have naturally progressed from an apartment to owning a condo or home can’t afford to make the transition given high property prices and high mortgage rates.
    04/26/2024 - 1:00 am | View Link
  • Denver's latest homeless sweep moves approximately 50 people into housing
    Some people at the 4th Avenue and Lipan Street encampment received housing, while others were told to move along.
    04/25/2024 - 2:12 pm | View Link
  • EDITORIAL: New Colorado density, rental rights laws can bring stability to chaotic housing
    These changes and others are necessary to help counter a chaotic real estate market that has drawn commercial property owners in at a rate the market cannot sustain for renters ...
    04/25/2024 - 1:00 pm | View Link
  • More

 

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