Michael Shotnik
Branch Manager
READ BIO
FROM OUR BLOG
December 12, 2018

December Market Trends Report 2018

Here you’ll find the December 2018 Market Trends Report as listed by Denver Metro Association of Realtors. Here are the main highlights:

  • Colorado no longer has the big draw of being the place to move for legal recreational marijuana. Michigan became the 10th state this month to legalize recreational weed.
  • The Denver City Council unanimously passed Mayor Michael Hancock’s 2019 budget, which includes $50 million for affordable housing, raised in part by an increase to the City’s marijuana sales tax. The new funds will result in 6,000 new homes over the next five years that lower-income residents can afford.
  • Metro Denver home rents are nearly one-third more expensive than the nation as a whole, but incomes aren’t one-third higher than the national average which is contributing to a slow in migration.
  • As the market appears to be evening out, buyers are starting to negotiate harder on price and inspection terms.

Click here to get the full report.

 

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Sierra Pacific Mortgage Company, Inc.

Sierra Pacific Mortgage NMLS# 1788. Michael Shotnik NMLS: 218281, CO License: 100017466. Regulated in Colorado by the Division of Real Estate #988320. To check license status of mortgage loan originator, visit D.O.R.A. and NMLS consumer access.