The unprecedented downturn in residential construction is a “necessary evil,” Patty Silverstein. [...]
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The overall vacancy rate in Denver-area rental homes rose in the second quarter 5.2 percent from 4.2 percent in the second quarter 2008, a 23.8 percent jump, according to a survey sponsored by the Colorado Division of Housing. That is the highest vacancy rate since the fourth quarter of 2006, when it stood at 5.5 [...] In my previous post I reported that San Diego-based DataQuick shows that June home sales were at a record low. DataQuick, gleans its information on new and used homes that have closed from public records in Denver and across the country. By contrast, Metrolist, which will soon be releasing its July numbers, tracks homes sold [...] The median, or middle, price of a single-family home sold in the Denver area last month rose to$237,500, a 3.2 percent increase from the $230,00 in June 2008, according to a report released today by independent broker Gary Bauer. The increase was even more pronounced from May to June , with prices rising 7.95 percent [...] Vacancies in rental houses in the Denver area rose to 3.6 percent in the first quarter, compared with 2.7 percent during the first quarter of 2008, shows a report released today by the Colorado Department of Local Affairs’ Division of Housing. The report by the housing division tracks for rent-condos, single-family homes and other small [...] |
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