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A housing fix? Colorado at crossroads to find solutions to lack of affordability

From the mountains to the prairies, Colorado’s housing crisis is squeezing state residents in ways that make drastic choices an all-too-common part of their cost-of-living calculus. Colorado faces a shortfall of 100,000 homes and apartments, the second worst deficit of any state after California, according to a study last year from Up for Growth. A homebuyer misery index from the Common Sense Institute found households in the state’s largest counties facing record-high levels of stress. When The Denver Post put out a call…

New home listings, closings rise sharply

Metro Denver’s housing market saw signs of an early spring last month, with both new listings and closings rising sharply, according to an update from the Denver Metro Association of Realtors. New listings, a measure of seller activity, rose 29.1% month-over-month to 4,243, an increase of 22.6% from a year earlier. Closings were up 31.2% month-over-month to 2,864, but they remain down 0.45% from year-ago levels. There were 5,511 homes and condos available for sale at the end of the month, an increase of 13.1% from January…

Colorado construction defect law again at focus in legislature

The studs of Jennifer Miller’s Erie dream home carry in them her family’s hopes for the future, with messages literally inked with permanent marker onto the bedroom beams while the two-story house was under construction in 2019. But the dream home turned into a money pit for the family of four as they tapped savings and equity from their down payment to fix problems she said were caused by rushed construction. The soil under the foundation wasn’t properly prepared, Miller said, causing the house to twist and stretch as…

Home prices, mortgage rates stayed high in 2023

Colorado homebuyers couldn’t catch a break last year, having to juggle mortgage rates approaching 8% by early fall and home prices that remained stubbornly high despite reduced affordability. Home and condo sales dropped nearly 20% last year and sales times stretched out by an additional week to 62 days on average, according to 2023 counts from the Colorado Association of Realtors. But higher rates didn’t cause prices to fall in a meaningful way or boost the inventory of listing, leaving buyers in a tough spot. Looking at…

Metro Denver home sales in 2023 dropped to 2011 levels

Metro Denver’s housing market faced a second year of tough sledding in 2023, with both closings and the dollar value of transactions down by about 18% compared to 2022, according to the Denver Metro Association of Realtors. Last year, the number of closings fell by 20.8%, but the value of transactions was down a smaller 12%, because of home prices rising in the first half of that year. Despite the headwinds from much higher mortgage rates, which approached 8%, home prices didn’t drop as many buyers had hoped they would.…

B.C. bat experts say the ‘misrepresented’ mammals need ‘condos,’ not rooms

Small wooden tree-mounted boxes for bats are an increasingly common sight in B.C.'s urban parks, often resembling birdhouses except with entrances underneath.After a string of tragedies near bat boxes, B.C. scientists teamed up to investigate.What they learned over four years, they say, has changed how we should be building summertime homes for mother bats and their pups, with the species' survival at stake."For them to to raise that young they need just-right temperatures to do so," explained study co-author Cori Lausen.…

Lower mortgage rates not enough to overcome November slowdown in metro Denver home sales

Lower mortgage rates motivated some buyers to get busy last month, but it wasn’t enough to prevent the seasonal slowdown seen this time of year in metro Denver’s housing market, according to a monthly update from the Denver Metro Association of Realtors. Buyers closed on 2,664 homes and condos last month, a 15.9% drop from the 3,169 homes sold in October. November closings were down 14% year-over-year and through the first 11 months of 2023, with the overall sales volume is down by nearly a fifth. Properties took longer…

Construction litigation blocking condo development in Colorado

Where Shelby’s Bar & Grill long stood on the corner of 18th and Glenarm streets, and before that the old Broadway Hotel, two towers are rising that will provide 461 for-sale condos, defying the odds in more ways than one. The project represents a vote of confidence in downtown Denver at a time when office vacancy rates have soared above 30% and remote work has left the future of central business districts uncertain. And it conveys a degree of faith by Amacon, the Canadian developer behind the project, that Colorado’s…

Denver Infill Blog will make you feel savvy, informed about your city

Editor’s note: This is part of The Know’s new series, Staff Favorites. Each week, we will offer our opinions on the best that Colorado has to offer for dining, shopping, entertainment, outdoor activities and more. (We’ll also let you in on some hidden gems). It’s increasingly common, even after calling Denver home for 23 years, for me to stop and wonder what block I’ve stumbled onto. That’s why I rely on the Denver Infill Blog to not only tell me what’s changed, but when and why — and what’s next for that area, block or…