Metro home prices rose 8.4 percent this February compared to the same month in 2017. Dwindling supply and population growth are to blame.
Seattle and San Francisco again led the nation with double digit appreciation. Denver was lumped in a half dozen cities each at 7.6 percent growth.
Over the last five years, five percent of all mortgages in the metro have been financed with VA loans, according to data from REcolorado.
There are signs that price gains may level off: home sales nationally are flat, and if mortgage interest rates continue to rise it will dampen demand.
Single family home construction has lagged since the Great Recession in most states, including Colorado.
There’s a deluge of housing data that paints an interesting picture of the metro housing market.
State lawmakers yesterday rejected a bill that proposed an unusual approach to Colorado's affordable housing shortage.
Denver School of Science and Technology finds that their teacher's "primary concern is the rising cost of housing in the city."
But overall, says auditor Tim O’Brien, “I think the city is doing a pretty good job."
Meanwhile, Colorado's population grew by 11 percent from 2009 to 2016, to 5.55 million residents.