Rocky Mountain Voice

Menu

Tag: Home Prices

Federal Reserve Study Connects Illegal Immigration to Housing Affordability Crisis
No Comments
Just The News, Approved, National

Federal Reserve Study Connects Illegal Immigration to Housing Affordability Crisis

By: John Solomon | Just the News Paper creates first ever calculation of how a wave of 7 million illegal immigrants from 2021 to 2024 affected local labor and housing markets. Anew Federal Reserve Bank of Dallas working paper estimates the record surge in illegal immigration during the Biden administration boosted employment while causing 30% of home price increases and 20% of rent increases. The paper combined immigration court records with government administrative data to create the first ever calculation of how a wave of 7 million illegal immigrants from 2021 through 2024 affected local labor and housing markets. READ THE FULL ARTICLE AT JUST THE NEWS
Read More
Trump Administration Credits Deportations for Denver Home Price Dip
No Comments
DENVER7, Approved, Local

Trump Administration Credits Deportations for Denver Home Price Dip

By: Micah Smith | Denver7 DENVER — The Trump administration is attributing lower home prices in the Denver area to mass deportations. In a news release, the administration said, “Through mass deportations, the Trump Administration is freeing up resources, revitalizing opportunity, and restoring safety — delivering tangible results that put American citizens first.” The news release named 14 cities, including Denver, claiming those cities have the largest undocumented immigrant populations and states that those cities saw home prices decline year over year. The administration states Denver saw a 3.4% decrease in median home list price, attributing this to mass deportations, but the news release does not provide further explanation. READ THE FULL ARTIC...
Read More
Forecast Shows Home Prices Falling in Much of the South and West in 2026
No Comments
CBS News, Approved, National

Forecast Shows Home Prices Falling in Much of the South and West in 2026

By Mary Cunningham | CBS News It's still a tough time to get a foothold in the housing market, with homes sitting near record values and mortgage rates parked well above 6%. But the tide could turn in 2026, with property prices forecast to dip in 22 of the largest 100 U.S. cities and mortgage rates expected to ease slightly, according to a new analysis from Realtor.com. The real estate market is expected to move in a more "buyer-friendly" direction next year, leading to the "most balanced housing market" since the pandemic, meaning that neither sellers nor buyers are likely to have the upper hand in negotiations, said Jake Krimmel, a senior economist at Realtor.com. Mortgage rates are expected to dip to an average of 6.3% next year, a slight drop from 2025's ...
Read More
Denver housing sales tracking at slower pace as inventory hits highest since 2011
No Comments
Denverite, Approved, Local

Denver housing sales tracking at slower pace as inventory hits highest since 2011

By Andrew Kenney | Denverite There were 14,000 single-family homes, condos and townhomes for sale around the Denver metro at the end of July.  That meant homebuyers had more options than at any time since 2011 — though it was only a slight increase in inventory from the month before, according to the latest report from the Denver Metro Association of Realtors. Housing inventory is piling up because homes are selling more slowly. Just a few years ago, most homes were selling in under a week. But the typical single-family home now takes 20 days to sell, and some sit around much longer.  The DMAR report covers 11 counties around Denver, including Boulder, Jefferson, Douglas, Adams and Arapahoe. The slower pace of sales also gives buyers more time and leverage to ask...
Read More