Many headlines over the past month continue to bode well for the Denver real estate market. From a drop in Colorado employment figures to a drop in home foreclosures – all present a promising picture for the Denver market.
Read the full stories:
Colorado Unemployment Drops to 8.1%; Jobs up 8,800: Colorado’s unemployment rate dropped again in October, to 8.1 percent, the lowest rate in more than 2-1/2 years, as the state added 8,800 nonfarm payroll jobs, the highest monthly gain since early 2007, the Colorado Department of Labor and Employment reported Tuesday. read more here
Colorado Small-Business Jobs up 0.5% in November: Employment by Colorado small businesses grew 0.5 percent in November from the previous month, according to a report November 29th from Intuit Inc. read more here
Forbes Rates Colorado 5th-Best State for Business: Colorado ranks as the nation’s fifth-best state for business and careers in the latest annual report by Forbes, posted Tuesday. read more here
Foreclosures Drop in Denver Metro Area: Foreclosure filings and sales continue to drop in the Denver metro area, including Boulder and Broomfield counties, according to the latest report from the Colorado Division of Housing. read more here
Existing Home Sales Edge Higher in October: Homebuyers scooped up more previously owned homes in October, slowly putting a dent in the huge inventory on the market, an industry report showed Monday. Sales of existing homes rose 1.4% last month to an annual rate of 4.97 million homes, up from a downwardly revised 4.90 million homes in September; the National Association of Realtors reported November 21st. read more here
Owning a Home is Less Expensive Than Renting: Home prices and mortgage rates have fallen so far that the monthly cost of owning a home is more affordable than at any point in the past 15 years and is less expensive than renting in a growing number of cities. read more here
Noble Energy Joins Anadarko in Plans to Spend Billions in Niobrara, Colorado: Anadarko Petroleum Corp. isn’t the only Texas oil company planning to spend billions of dollars on Colorado’s Niobrara oil field in the next few years – Noble Energy Inc. said November 16th it also plans to invest heavily in the play. read more here
DaVita to Open Research, Call Centers in Denver Area: DaVita Inc. will open a new research center and call center in the Denver area, bringing 200 jobs to the region, the company announced November 17th. read more here
Rockies Roll into Grand Junction: Since 1958, Suplizio Field in Grand Junction, Colo., has served as the home of the Junior College World Series. In 2012, the venerable facility will host Minor League Baseball for the first time. The Grand Junction Rockies, Rookie-level affiliate of the Colorado Rockies, were formally introduced at a press conference November 15th. read more here
Thank you to Jim Renshaw at Land Title for gathering these news headlines.
Michelle A. Potter, REALTOR in Denver
303-48-4035
