Friday, December 20, 2013

Housing News Digest, December 20

Tight market puts squeeze on budgets for Larimer County renters As a newly divorced mother of two, Hayley Carson visited apartment after apartment while trying to find a home for herself and her kids. Few two- or three-bedroom apartments in Fort Collins rented for less than $1,000 per month, and most landlords wanted potential renters to earn three times that to qualify. Rentals, Carson found, were slightly out of reach. Her $35,000 salary as a first-year teacher was just beyond the income limits to qualify for public housing assistance but less than what most other apartment complexes wanted tenants to earn.

  Global development hub finds home in historic Curtis Park horse barn In the late 1800’s Denver public transit moved by horsepower. A team would pull a streetcar along level ground and up hills, then drivers loaded the horses into the cars themselves for the descent. In 1877, the Denver City Railway’s horse cars ferried more than 300,000 people between historic downtown Denver and one of city’s earliest “suburbs,” Curtis Park. “Curtis Park really wouldn’t exist as it does today without those early streetcars coming up this way,” said Joel Noble of the Curtis Park Neighbors Association.

  Colorado Springs' commercial real estate market needs more jobs to continue its recovery Colorado Springs' commercial real estate market should continue to rebound in 2014, but the area needs more jobs to maintain its momentum, according to a forecast by brokerage Sierra Commercial Real Estate. As the year ends, several indicators are pointing toward an improving commercial market, including lower vacancy rates, Sierra officials said Tuesday.

  Inflation rises in Colorado, West, despite dip in energy, apparel costs The rate of inflation in Colorado and other western states was 1.3 percent in November from a year earlier, ending a string of monthly decreases in the annual rate, but consumer prices last month declined 0.4 percent from October levels, the U.S. Department of Labor reported Tuesday. Consumer prices in the West rose in 0.9 percent in October from a year earlier, following year-over-year price gains of 1.3 percent in September, 1.5 percent in August and 1.9 percent in July, according to monthly Consumer Price Index (CPI) data from the Labor Department’s Bureau of Labor Statistics.

  10 Hot US Housing Markets To Watch In 2014 The Denver housing market is significantly healthier than it was at this time a year ago. 5,337 homes were under contract this September, compared to 4,457 in September 2012, and average selling prices are up 8% from a year ago. "We are seeing homes sell for prices that exceed any time in our history," Steve Blank of Fuller Sotheby’s International Realty said to Colorado's Inside Real Estate News. "Denver is leading the way."