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March 14, 2012 Colorado adds 19,500 jobs as unemployment rate falls

Colorado employers added 19,500 workers in January, including 5,100 in the troubled construction industry, according to state figures released Tuesday. The gains brought Colorado nonfarm employment to its highest level in three years. The state also reported a one-tenth percentage-point drop in unemployment to 7.8 percent, the rate's fifth consecutive monthly decline.

"We are seeing solid progress in the recovery," said Colorado Department of Labor and Employment economist Alexandra Hall.

Read article - Denver Post

March 16, 2012 Slashed prices of Denver Four Seasons condos prove to be a hit

The Four Seasons Private Residences, atop the downtown hotel at 14th and Arapahoe streets, slashed prices in January in a marketing move to motivate sales.

Prices on 30 of the 102 condominiums were dropped an average 45 percent, a strategy that seems to be working — as of Thursday, 22 of those units have sold.

Read article - Denver Post

March 16, 2012 Vacancies scarce in rental houses in metro area, rents rise
Vacancies in rental condos, single-family homes and other small properties across the Denver metro area rose slightly during the fourth quarter although the market remained tight with a rate of 2.1%. The average rent in the Denver area for single-family and similar properties rose to $1,062 during 2011's fourth quarter; rising 3.2% from 2010's fourth-quarter average rent of $1,029. Average rents for all counties were: Adams, $1,186; Arapahoe, $1,006; Denver, $992; Douglas, $1,416; and Jefferson, $1,021.

Read article - Denver Post

February 28, 2012 New-Home Inventory Shrinks to Record Lows
Inventory of new homes on the market shrank to its lowest point on record in January, marking a 5.6-month supply at the current sales pace. With fewer homes available, the price of new homes increased slightly last month. The median price for a new home ticked up slightly at 0.3 percent to $217,100, which is the highest level since October. New-home sales were up 3.5 percent compared to the same time last year.
Read article - Magazine

February 22, 2012 Home sales jump to fastest pace in almost 2 years
Sales of previously owned homes surged in January to the fastest pace since May 2010 in another sign that the housing market is slowly making some headway against its longest dip since the Great Depression. The National Association of Realtors reported Wednesday that existing-home sales -- the lion's share of the housing market -- rose 4.3% in January. "Overall this is not such a bad number. It's reflective of a better jobs market, but the improvement is going to be in fits and starts," said Yelena Shulyatyeva, U.S. economist at BNP Paribas in New York. First-time buyers, who are critical to a recovery, increased slightly to 33% of sales.
Read article - MSNBC

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