Lately stores like Home Depot display a fine array of locks that are "smart" that don't require a key at all. It seems that we are heading towards the day where we don't have keys in our pockets and purses anymore.
In this test 12 of the 16 locks that were tested were easily "hacked," and that is very unsettling. Its easy to be impressed by the new technology but how are you supposed to know if its hack-proof or not once you decide to spend $200 on one? They may have to evolve a bit more before like driverless cars.
Pretty big and getting bigger. In the 7 County region including Douglas County but not Elbert) there are over 3.1 million people. And Denver CO has added 10.5% to its population since 2010. Not sure how many households 300,000 people is, but this is why we have a sellers market...because we don't have enough listings to match the demand and builders aren't building them fast enough. Who would have ever thought this was going to happen in 2010?
The inventory is lacking on all levels, but especially for first-time home buyers, which as defined in this article are buying homes averaging $212,500. Why isn't anyone building these types of homes anymore? Its hard to say...probably not as profitable. Its only 16.4% of our inventory, and its supposed to be 33%. They could go back to the good old days in Parker and Denver CO where they built entire streets at a time, and it wouldn't be enough. If you are selling this type of home you are in the drivers seat for sure. I have a buyer in this category and the homes we write offers on are usually getting 20-30 showings the first day, and 8-10 offers, and the winning offer is ALWAYS above the asking price...meaning prices are still going to rise unless this madness stops.
Yes, it is a current law. It will be interesting to see who ends up winning this fight. So its all about tax dollars vs. public preference.
So what does the Denver housing market look like if our current trends continue indefinitely? Of course the current trends are not sustainable, and here is why. We might be on our way to being the next Aspen.