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 […]
inflation
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 inOpinion
Opinion: Too slow and too predictable, the Fed is its own worst enemy
The Federal Reserve has raised interest rates 75 basis points, or ¾ of 1 percentage point. Even so, it remains at historic lows with a mostly downward trend since 1980. The Fed has two mandates: full employment and price stability. Both are impacted by its interest rate, and by the amount of money available for […]
Posted inNews
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 inOpinion, Opinion Columns
Opinion: At a moment like this, America should be expanding oil production, not cutting back
With market forces and geopolitical turmoil leading to soaring energy prices, it has become abundantly clear that America needs more energy and the ability to produce it domestically. Unfortunately, the policies of the current administration have left us in an untenable situation. The cost of natural gas and oil have increased 100% and 60% respectively […]
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, News
Japan is already one of Colorado’s top international beef buyers. A trade deal will likely strengthen the connection.
A new trade deal will make it easier for Colorado ranchers to develop new markets in Japan without risking increased tariffs on beef. Japan is Colorado’s fourth largest trading partner for beef and the deal signed earlier this month by U.S. Trade Representative Katherine Tai raises the threshold in sales that triggers an increase in […]
Posted inBusiness, Economy, News
What’s Working: Coloradans feel inflation’s pain, make compromises on food and travel
Colorado’s 2022 began with grocery store employees at King Soopers from Colorado Springs to Denver voting to strike. Workers did, gained a ton of public support and ended up with a new contract that will lift pay for some workers by $5 an hour in the next three years. It was the start of what’s […]
Posted inOpinion, Opinion Columns
Carman: Take it from Enrique, high gas prices don’t have to ruin your life
We were riding with Enrique, a full-time Uber driver, in his new Tesla. It was so new, in fact, he was still learning the ropes of being an EV driver. Do you know where the charging stations are along I-70? he wondered. And can you really plug into a 120-volt outlet at night at home? […]
Posted inBusiness, Economy, Housing, News
What’s Working: Colorado’s economic data shows a robust recovery. Coloradans, however, are uneasy.
The signs pointing to Colorado’s recovering pandemic economy are optimistic. All the lost jobs have returned — and then some. The state’s unemployment rate is now at its lowest in two years. Businesses continue to move here, new business filings are still near record levels and the number of businesses in good standing is at […]