North Metro Denver Real Estate News December 2017

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Mixed-Use Project Opens in Downtown East Louisville
Louisville is experiencing increased interest from developers, eager to take advantage of all the suburb has to offer. Since 2012 the city’s population has grown by 12%, thanks to its localized growth strategy and its central location along the Northwest Corridor. Foundry Builders announced last week the highly anticipated opening of DELO, a $48 million mixed-use, scaled urban infill project located adjacent to Historic Downtown Louisville.
Read article – milehighcre.com

Q&A: What’s the Next Move on Tax Reform?
Republican lawmakers in conference committee Wednesday announced a tentative agreement on melding the House and Senate versions of tax reform into a final bill. A formal vote is expected soon. The National Association of REALTORS® is seeking changes to make the final bill less harmful to homeownership. This article provides a Q&A on what to look for over the next week or so based on a Facebook Live event NAR hosted Tuesday.
Read article – Realtor Magazine

Metro Denver home prices rise in November, inventory remains low
Average home prices in metro Denver increased 8.31% year-over-year in November to $443,848. Single family homes alone averaged a $479,192 sale price. Last month, inventory reached a record low with 5,131 active listings. The demand for new homes in the Denver area exceeds 16,000 units, according to data from DMAR. In 2018, new construction is estimated at 13,000 units.
Read article – Denver Business Journal

Housing Trend to Watch: The ‘Surban’
Suburban and urban areas are combining to create a new kind of living style known as the “surban.” Many in the real estate industry are predicting it to be one of the hottest housing trends to watch heading into the new year. A surban offers greater walkability to retail and restaurants from a home or apartment, but in a suburban area.
Read article – Realtor Magazine

FHFA Raises Conforming Loan Limits Again
The Federal Housing Finance Agency announced it will raise its conforming loan limit on Jan. 1, 2018. Mortgage financing giants Fannie Mae and Freddie Mac will allow maximum conforming loan limits for mortgages in most parts of the U.S. to be $453,100. See the full article for an interactive chart to check conforming loan limits in your area.
Read article – Realtor Magazine

 

Additional articles that you might find of interest:

Metro Denver maintains rate of home-price gains a 3rd month, says Case-Shiller report
Read article – Denver Business Journal

Broomfield complex scooped up for $95 million
Read article – Denver Business Journal

New York firm buys Westminster townhome community for $65 million
Read article – Denver Business Journal

Crane Watch: RiNo’s development boom continues with 2 new projects
Read article – Denver Business Journal

Home values are spiking wildly in west Denver. Are hundreds of backyard cottages part of the affordability solution?
Read article – Denver Post

5 Housing Trends to Watch for 2018
Read article – Realtor Magazine

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