Tag: housing affordability
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Colorado Springs has ‘moderate shortage’ of homes for middle-income earners
Industry experts say affordability is improving; real estate market remains strong but sluggish A notable number of single-family homes available in today’s market are out of reach for middle-income earners in Colorado Springs, a recently released industry report found. Home sales in Colorado Springs remain sluggish even though there’s more inventory on the market compared…
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Colorado Cost of Living: New home builders offer route to more affordability
In a year when the housing market is struggling with affordability, home prices in Denver and some other Colorado areas are actually climbing again — at least marginally. And some real estate agents don’t expect that price picture to get much better for buyers. But it’s also a time when homebuilders are reaching out for…
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Colorado Cost of Living: Housing density not just for apartments, as new home styles offer lower prices, creative single-family living
What seem to be scary numbers in the housing industry have prompted action. The median age of a first-time homebuyer hit a record 40 years old nationwide last year, the National Association of Realtors recently reported. That’s two years older than in 2024 and up substantially from 33 years old in 2019. Market analysts cite…
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Aurora’s housing strategy team sets goals, gives recommendations for boosting affordable housing
City of Aurora officials reported progress advancing they city’s housing strategy this week with recommendations for enhancing the city’s stock of affordable housing and getting additional funding through Proposition 123. Aurora adopted its housing strategy in 2020, which identified gaps in affordable housing and laid out a plan to improve affordability. At the time, city…