Denver and Colorado Home Affordability Getting Worse July 2021 Update westword.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from westword.com Daily Mail and Mail on Sunday newspapers.
Home prices are at record highs and inventory is at a record low in Denver. Three couples trying to buy houses discussed their experiences in the real estate market.
COVID-19 Created the Hottest Real Estate Market Denver Has Ever Seen
We spoke to buyers, sellers, and real estate experts about how the pandemic set fire to an already-smoldering market.Elisabeth Kwak-Hefferan •
Feeding frenzy. Dogfight. Gold rush. Pick your favorite metaphor for the Colorado housing market these days: They all capture the intensity of an era that’s seeing more and more people swarming to buy fewer and fewer available homes, sparking bidding wars and pushing prices to record highs. From the pandemic’s beginning in late winter 2020 up through press time in early April, desperate buyers have been considering raiding their retirement accounts in an attempt to compete with cash offers. Modest homes that would’ve sat on the market for weeks or months in other years have been going under contract within hours of listing. Out-of-staters have been signing contracts before even seeing their new houses in person. And with buyers battling each other, those with p
Today
Mainly cloudy with snow showers around this morning. High 38F. Winds N at 10 to 20 mph. Chance of snow 40%..
Tonight
A few snow showers scattered about the area this evening, otherwise a good deal of clouds. Low around 25F. Winds N at 10 to 15 mph. Chance of snow 30%. Updated: April 16, 2021 @ 6:28 am
Colorado’s Democratic establishment, which controls the Legislature and 100% of statewide offices, has an enormous and growing problem it continues to neglect. The party that wants to solve some of life’s complex challenges think “income inequality,” racism, and the medically uninsured has watched the fundamental need for housing become a joke among average young people.
Democrats have controlled Colorado’s executive branch for nearly 15 years straight, including the Legislature, through much of that era, and available housing has only become more scarce.
We hear almost nothing about this crisis from a Legislature that is clearly more concerned with stopping the sale of guns, obstructing the production of natural gas, and subsidizing the wealthy to buy expensive luxury battery cars deceitfully marketed as “zero-emission” vehicles.