Gretchen Rosenberg is a managing broker with Kentwood Real Estate in Denver, Colorado. In this role, she specializes in assisting clients who are relocating to Denver, and she maintains an understanding of the city’s luxury housing market. This experience gives Gretchen Rosenberg strong knowledge of the Denver housing climate.
Historically, Denver’s housing market has been one of the tightest in the nation, with fewer available homes than active buyers. In 2013, a limited supply of available homes and low mortgage rates created a sellers’ market. During early 2014, home prices in Denver achieved an all-time high, averaging more than $250,000. However, rising home prices also make it difficult for individuals and families to relocate to Denver from other areas of the country. Several companies which had planned to bring in employees from the Midwest may need to hire local talent.
The increasing home values in the Denver metro area may encourage additional consumer spending. These factors, coupled with a strong Denver employment picture, are a good sign for continued economic growth.
Historically, Denver’s housing market has been one of the tightest in the nation, with fewer available homes than active buyers. In 2013, a limited supply of available homes and low mortgage rates created a sellers’ market. During early 2014, home prices in Denver achieved an all-time high, averaging more than $250,000. However, rising home prices also make it difficult for individuals and families to relocate to Denver from other areas of the country. Several companies which had planned to bring in employees from the Midwest may need to hire local talent.
The increasing home values in the Denver metro area may encourage additional consumer spending. These factors, coupled with a strong Denver employment picture, are a good sign for continued economic growth.