The Aspen City Council this week approved strict regulations limiting short-term rentals and easing the process for developing affordable housing, concluding seven months of work to rein in a real estate market frenzy that has homes selling for as much as $6,000 a square foot. “Are we a community or a commodity?” Aspen councilor Rachel […]
Housing
Posted inBusiness, COVID, Culture, Equity, Health, Housing, News
A Denver fund is fighting to keep attention on racial inequities in the metro area
When the COVID-19 pandemic first hit Denver, LaKeshia Hodge’s human services organization dedicated almost a dozen volunteers to deliver food to older adults and people with disabilities, who had no access to transportation. Hodge remembers an older couple, who needed food. The man has prosthetic legs and the woman uses a wheelchair. Yet, one day […]
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 inEconomy, Housing, News
In Colorado’s current real estate market, is it better to be a renter right now?
What’s Working: This is a segment of our weekly What’s Working column. Read the full column. >> Sign up for the newsletter Feel like there’s no chance you can buy a house? You may be better off renting anyway. With national average mortgage payments of $2,576.39, that’s above average rent of $1,589 in Colorado, according […]
Posted inEconomy, Housing, News
In Colorado’s heated real estate market, is it better to be a renter right now?
What’s Working: This is a segment of our weekly What’s Working column. Read the full column. >> Sign up for the newsletter Feel like there’s no chance you can buy a house? You may be better off renting anyway. With national average mortgage payments of $2,576.39, that’s above average rent of $1,589 in Colorado, according […]
Posted inBusiness, Economy, Housing, News
What’s Working: Same Denver house, same price, but $190 more per month
The biggest inflation news this week erupted Wednesday as the Federal Reserve announced the largest interest rate increase since 1994. While expected, that doesn’t make it any easier for those hunting for a new house, especially in Colorado, and realizing the monthly cost may have gone up hundreds of dollars in one week. But don’t […]
Posted inBusiness, Housing, News
Colorado high country commissioners blast Airbnb report that disconnects short-term rentals from housing crisis
A group of 15 commissioners from seven mountain counties is blasting a recent study commissioned by short-term rental giant Airbnb that dismissed the idea that short-term rentals are eroding worker housing in Colorado’s high country. “Airbnb narrowly focused on positive impacts, and facts appear selected to craft a story that is not entirely true, especially […]
Posted inGrowth
A tale of two Colorado counties: One the fastest growing, one the fastest shrinking
Broomfield and Kit Carson represent Colorado’s urban-rural divide. One is trying to pack in new residents in a thoughtful way, while the other is hoping no one else moves out.
Posted inHousing, News, Politics and Government, Transportation
Colorado’s governor vetoes bill that would have required developers to include electric vehicle chargers
Colorado Gov. Jared Polis on Tuesday evening vetoed a bill that would have forced developers of new large commercial and multifamily residential buildings to set aside a portion of parking spaces to serve as electric vehicle charging stations. “I fully understand that with current technology, installing EV charging up front can be less expensive over […]
Posted inColoradans, Equity, Housing, News
After 50 years, homeownership gap between white and Latino Coloradans narrows. But for Black Coloradans, it’s widened.
Michael Diaz-Rivera hoped $25,000 in savings and a good credit score would give him enough leverage to buy a home. But his low teacher’s salary made that nearly impossible. “The prices in Denver were just a little too steep for me and the market was just too high,” he said in late April. “Every time […]