Putting your house up for sale is stressful enough. Now, sellers find themselves having to cut their listing price after the home is already on the market. Two to three times more sellers in Denver, Fort Collins and Colorado Springs reconsidered their list prices and then lowered them in June compared to a year ago, […]
Economy
Posted inBusiness, Economy, News
Coloradans face 10-12 week wait for unemployment pay to start as state deals with pandemic backlog
What’s Working: A version of this story first appeared in a segment of our weekly What’s Working column on July 16, 2022. Additional details are included in this story. Read the full column. >> Sign up for the newsletter It’s now taking 10 to 12 weeks for Coloradans to get new unemployment claims processed by […]
Posted inBusiness, Climate, Economy, Environment, News, Politics and Government
Sweet! The Olathe corn harvest finally begins and tender ears will be in Colorado stores this week
PEA GREEN — Dawn is breaking everywhere as the stillness of Sunday morning is interrupted by the sound of ears of corn being ripped from waist-high plants in the ground. An old Ford 350 motor slowly chugs to life as about two dozen migrant workers quietly walk into a field to begin the first day […]
Posted inBusiness, Economy, Housing, News
What’s Working: Here’s how the Front Range housing market slowed over a few weeks as interest rates rose
A month after interest rates inched up, area real estate agents who help people sell their houses or assist in buying one say that yes, the housing market slowed in the past month. Houses for sale in June lingered a bit longer on the market than in May — by one day more in Colorado […]
Posted inEconomy, Equity, Health, News
Slow loss of obstetrics care forces rural Coloradans into long drives, or long stays, when babies arrive
When Georgina Bishop became pregnant with her third child, things got complicated. Not with the pregnancy itself or even the labor. But she did drive two-and-a-half hours — one way — to reach the hospital so she could give birth. Bishop lives in Telluride. With her first two children—now 6 and 10 years old—she used […]
Posted inBusiness, Economy, News
Only 3 employers have been fined for violating Colorado’s new wage transparency law. But there’s still plenty of confusion.
As it grew last year, no one at Monigle Associates was paying close attention to emails from the Colorado Department of Labor and Employment. The letters started last July. This notice came in December: NOTICE OF FINE FOR NON-COMPLIANCE WITH DIVISION ORDERS AND ORDER TO RESPOND The Denver branding firm was out of compliance with […]
Posted inBusiness, Economy, Housing, News
What’s Working: As recession concerns grow, Colorado building permits are on the rise
Inflation is still a hot topic but this week, we took a peek at what’s on the way in terms of new housing. And the easiest way to see the future? Residential building permits. This is Week 3 of a special version of What’s Working Housing. There are still some inflation updates below, plus a […]
Posted inBusiness, Climate, Economy, Energy, Environment, News
Mystery solved: That secretive solar farm in western Colorado? It’s officially a crypto mine.
Mystery solved. The hush-hush solar development in Olathe is sub rosa no more. The old Louisiana Pacific lumber mill along U.S. 50 is home to a cryptocurrency mine. Aspen Creek Digital Corporation announced late last week that its “high-performance” bitcoin mining center is now operating on the site and is linked to the 10-megawatt solar […]
Posted inBusiness, Economy, Housing, News
What’s Working | Median home values haven’t fallen in Colorado, but list prices for a new house have
As average 30-year fixed mortgage rates continue to hover around 6%, there’s an expectation that prices of homes for sale will fall. It’s only been 10 days since the Fed increased interest rates so it’s too soon to see the impact. Or is it? So begins week two of What’s Working’s focus on housing (Missed […]
Posted inBusiness, Economy, News, Politics and Government
Colorado’s economy is expected to cool, but not enter a recession, economists tell state lawmakers
Inflation and tightening monetary policy on the federal level are expected to cool Colorado’s economy in the coming months, according to quarterly economic and tax revenue forecasts by nonpartisan staff and the governor’s office presented to the legislature’s Joint Budget Committee on Tuesday. But both forecasts also predicted that Colorado will avoid a recession despite […]