Metro Denver is one of the least affordable markets and Colorado one of the least affordable states for those looking to buy a home. Only 6% of the homes sold in the first quarter were affordable to households making the median income.
Builders are making a dent in Colorado's housing shortfall, especially for apartments. But home prices and mortgage rates continue to outpace income gains, and affordability is worsening.
DENVER — In his first six months in office, Denver Mayor Mike Johnston managed to get more than 1,200 homeless people off the streets and into housing. That seemed like a fitting feat for a city that prides itself on its compassion. It would turn out to be a footnote compared with the humanitarian crisis that Denver would soon face as thousands of migrants flooded the city, many of them bused from the southern border by Gov. Greg Abbott of Texas and almost all of them in need of shelter and supp
Inflation in metro Denver continues to run much hotter than the rest of the country, with energy prices a significant contributor to a stubborn gap that is denying area consumers the reprieve seen in other parts of the country.