Can Denver Absorb a Coming Flood of Multifamily Housing?
In 2010, a majority of Denver households were homeowners. By 2014, a slim majority of Denver households were renters. This shift did not go unnoticed by Denver-area builders, with permits for multifamily properties hitting decade-long highs in recent years even as single-family home permitting activity remained stalled at a fraction of pre-recession levels.
Growth and Growing Pains in Denver: Migration, Millennials, Retirees and Renters
The pace of population growth in the city of Denver is suitably Rocky Mountain high, boasting a trajectory over the past decade that is both uniform and enviable. But a deeper look at Denver’s recent growth trends reveals a number of seeming contradictions in one of America’s fastest-growing cities.
Key Takeaways From the February New Home Sales Report
February new home sales rose in line with expectations, inching up a modest 2 percent from January to 512,000 units at a seasonally adjusted annual rate (SAAR), according to the U.S. Census Bureau.
Key Takeaways From the February Existing Home Sales Report
February existing home sales fell 7.1 percent from January, to 5.08 million units at a seasonally-adjusted annual rate (SAAR) in February, according to the National Association of Realtors.
Rapid Reaction: February Existing Home Sales
Poor weather in January led to weak pending sales last month, which translated into weaker-than-expected February existing home sales. Additionally, continued tight inventory continued to weigh on the market last month.
Young and Old, America’s Wealthy Are Concentrated in America’s Capital
The nation’s highest concentration of young and wealthy residents can be found in fabulous… Arlington, Virginia.
The latest Zillow Reading list features commentary on the social costs of eviction, the unintended consequences of land-use regulation, pitfalls of seller financing and more.
Q4 2015 Negative Equity: When Abnormal Is the New Normal
It’s no secret that high levels of negative equity cause housing markets to act abnormally. But that doesn’t mean that some amount of negative equity isn’t normal, or that persistently elevated rates of negative equity aren’t rapidly becoming the new normal in dozens of markets nationwide.
Hunger Games: Builders Keep Serving Up More Apartments, Renters Keep Scarfing Them Down
Renters currently have an insatiable appetite for newly constructed units, quickly gobbling up record numbers of recently opened new apartments.
The Best Time to List? May Is the New March
The best time to list a home for sale -- when the sale price is maximized and time on market minimized -- has shifted from March to May.
