Builders are finally making a dent in the state’s housing shortfall, especially for apartments. But home prices and mortgage rates continue to outpace income gains, and affordability is worsening rather than improving. “The story with interest rates is that they are only exacerbating the problem,” said Steven Byers, chief economist with the Common Sense Institute in Denver.
Builders Finally Making A Dent In Colorado’s Housing Shortfall. It’s Not Helping Buyers Or Renters.
Aldo Svaldi, Denver Post: Business
Sat, 05/04/2024 - 5:00am
Topics: steven common sense institute july redfin s&p corelogic case-shiller index february thanksgiving freddie mac purchasing csi s colorado housing competitiveness index great recession u.s december wages colorado s absent good metro association realtors buyers national association homebuilders alex gailey you jen ankrum colorado first-time related articles sponsored it s catholic homeowners redevelopment johnson wales markets san francisco san jose california boston a jacob channel large but channel while block the in i in on denver colorado clever real estate zillow real a renting i kb home lendingtree channel renters median prices price mortgage higher year hours millennials rates typical sales households study average costs payment work gap rents byers affordable afford cover homes isn amount analysis author retirement risk millennial premium purchase return cheaper loan reports hard report residents bankrate supply tech metros statewide affordability areas aren slower priced downpayment median-priced above-average people payments equity rise pay pressure vulnerable
BING NEWS:
- Colorado awards affordable housing, down payment grants across the state
(Colorado Newsline) State housing officials announced over $16 million in funding that will go toward affordable housing units and $2.4 million for down payment assistance across Colorado.
05/17/2024 - 12:43 am | View Link - Builders finally making a dent in Colorado’s housing shortfall. It’s not helping buyers or renters.
Builders are finally making a dent in the state’s housing shortfall, especially for apartments. But home prices and mortgage rates continue to outpace income gains, and affordability is worsening ...
05/4/2024 - 1:00 am | View Link - More
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