National home sales increased more than 1 percent in February, but realtors say tight inventories and a lack of affordable housing could mean sluggish sales over the next few months. Examples of the housing squeeze are occurring in the Denver metro area.
Rent has increased 8 percent since last year, the Colorado Division of Housing says. The record average is now more than $1,000 a month, leaving some struggling to find affordable housing.
Due to frigid conditions in much of the nation, February’s real estate wrap-up required boots and a shovel, as well as deeper pockets.
Are home prices going up too fast, and should buyers and sellers be worried? 4 On Your Side Consumer Investigator Jodi Brooks found some answers because it all sounds too good on paper.
There was a last-ditch effort on Friday in Washington to avoid going over the fiscal cliff. President Barack Obama wrapped up what calls a “constructive” meeting with lawmakers.
At a time with record low interest rates, local housing numbers show many people in Denver buying expensive houses.