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October 21.2025

2 Minutes Read

Colorado’s Economy Bounces Back Slightly, But Job Growth Remains a Concern

Protester on street holding sign during daylight.

Colorado’s Economic Recovery: A Ray of Hope

The third quarter of this year has brought a semblance of improvement to Colorado’s economy, which had been experiencing a rather dismal phase since early 2023. Adequate economic indicators suggest that after a downward spiral, things are beginning to stabilize, providing a glimmer of hope for residents, business owners, and families alike.

Job Growth Remains a Challenge

Despite seeing a bounce back in the state’s GDP by 3.5% in the third quarter, job growth continues to lag behind. Colorado added only 18,300 jobs, marking a 0.6% annual growth rate, which ranks 34th among the states. This sluggish job creation raises concerns for many families and homeowners who rely on steady employment for financial security.

Positive Signs through New Business Filings

Amidst these challenges, there is encouraging news: new business filings increased by 7.2% compared to last year. Richard Wobbekind, an economist, has noted that robust business filings correlate strongly with business growth and, consequently, economic stability. For families and young entrepreneurs, this presents an opportunity to be part of Colorado’s budding entrepreneurial landscape.

What it Means for Families and Homeowners

For parents and families in Colorado, understanding these economic shifts is crucial. While the job market is tough, the increase in new businesses could mean more job opportunities and economic activities in the near future. Additionally, a cooling inflation rate means that household expenses could stabilize, easing some financial pressures.

Moving Forward: What Lies Ahead

As consumers and citizens, it is essential to keep an eye on how federal employment changes play out amidst concerns over spending. The challenges faced by federal workers during the ongoing government shutdown may lead to tighter personal budgets, affecting local businesses and dollar circulation in the economy. Nonetheless, there’s a cautious optimism surrounding Colorado’s ability to rebound from this economic dip as new businesses emerge and engage with the community.

Conclusion - Stay Informed

As Colorado’s economy makes strides toward recovery, staying informed about these developments can empower families and homeowners alike to make better financial decisions. Understanding the local economy is essential not only for personal financial health but for contributing to the community’s overall prosperity.

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10.23.2025

Mortgage Rate Changes Spark Home Sales Recovery: What Buyers Need to Know

Update U.S. Home Sales Make a Notable Recovery in September The recently reported increase in U.S. home sales marks a significant moment for both buyers and sellers alike. In September, sales of previously occupied homes rose by 1.5% from August, reaching a seasonally adjusted annual rate of 4.06 million units, as noted by the National Association of Realtors (NAR). This represents the fastest sales rate since February and indicates a growing interest in home buying, spurred largely by declining mortgage rates. With a year-over-year increase of 4.1%, September 2025 could be viewed as a turning point in an otherwise challenging housing market. Mortgage Rates Play a Crucial Role The decrease in mortgage rates has been instrumental in encouraging homebuyers. A shift in the average rate for a 30-year fixed mortgage—declining from around 6.67% to 6.17% these past months—has improved affordability for potential buyers. Lawrence Yun, NAR’s chief economist, emphasizes that while this uptick in sales demonstrates a positive response to lower mortgage rates, it should not be considered a full-blown market recovery. Instead, buyers are selectively re-entering the market as their purchasing power gradually increases. More Properties Available, Yet Affordability Remains an Issue A notable 1.55 million unsold homes were reported at the end of September, reflecting a 1.3% increase from August and 14% from a year ago. This increase in inventory signals a potential easing of the supply-demand imbalance that has characterized recent years. However, many first-time homebuyers are still grappling with affordability challenges, particularly in lower-priced segments of the market. They comprised only 30% of home sales last month, down from historically normal levels around 40%. The Impact on Home Prices and Sales Duration Despite encouraging sales figures, home prices continue their upward trajectory, with the median sales price hitting $415,200—a 2.1% increase from a year earlier. This marks the 27th consecutive month of rising prices while many properties are lingering on the market longer. Homes typically remained unsold for an average of 33 days last month, increasing from 31 days in August, which is putting additional pressure on sellers to negotiate better deals to entice buyers. Looking Ahead: Cautious Optimism for the Housing Market As the year progresses, experts suggest that the housing market may stabilize, with mortgage rates expected to ease further. However, potential buyers are likely to remain cautious given the uncertainty surrounding the overall economy. Lisa Sturtevant, chief economist at Bright MLS, suggests that home sales activity may remain steady into the latter part of the year. While this ongoing trend could bring modest improvements over last year's transactions, the lingering concerns over affordability present ongoing challenges for many prospective buyers. For families, first-time buyers, and anyone looking to navigate this dynamic market, it’s essential to stay informed about fluctuations in mortgage rates and market conditions. Understanding these trends can facilitate more strategic decisions in home buying or selling.

10.22.2025

Boulder County Grand Jury Investigation Leads to Major Arrests Across Metro Denver

Update The Boulder County Sheriff’s Major Operation: What We Know In a coordinated effort, the Boulder County Sheriff’s Office, in conjunction with over 20 law enforcement agencies, executed several search warrants across the Denver metro area early Wednesday morning. This action was part of an ongoing, undisclosed grand jury investigation, combining forces from city and state agencies, including the FBI and drug task forces, aiming to address criminal activities within the metro area. Safety First: Operations Under Control According to a press release by the Boulder County Sheriff’s Office, all operations concluded safely without any reported injuries, and the public was not endangered. Law enforcement emphasized that U.S. Immigration and Customs Enforcement (ICE) was not involved in these operations, aiming to assuage community concerns regarding immigration enforcement amidst this criminal investigation. Locations and Scope of the Search The search warrants were conducted across multiple locations in various cities, including Adams County and Denver. Among the addresses listed were: 14000 block of North Pecos Street 3500 block of West 64th Avenue 3700 block of Owens Street in Wheat Ridge 8900 block of Federal Boulevard in Federal Heights 400 block of Gateway Drive in Johnstown These locations signal a wide-ranging operation that impacts many neighborhoods and showcases the collaborative efforts of local law enforcement. Next Steps: What Lies Ahead? As the investigation remains active, the sheriff’s office and the District Attorney’s Office are preparing to release information related to any possible indictments. The Boulder County DA’s office confirmed that once any legal proceedings are formalized, additional details will be disclosed to the public. An update is anticipated by the end of the day. The Community’s Response and Implications For families and residents across the Denver metro area, the unfolding investigation raises questions about community safety and law enforcement's presence. With collaborative investigations involving various agencies, there is an expectation for enhanced security and peace in neighborhoods, despite the uncertainty surrounding the nature of the investigation. Looking Forward: Vigilance and Communication The responsiveness of law enforcement during such high-stakes operations demonstrates a commitment to public safety. Community members are encouraged to stay informed through local news updates and engage with law enforcement to foster a secure environment. Understanding the implications of these operations helps families remain engaged and prepared for any developments.

10.22.2025

Denver's Rental Market Booms as Concessions Reach 15-Year High—Get the Best Deals Now!

Update Rent Concessions Reach 15-Year High: What It Means for Renters The landscape of renting in Denver is changing dramatically as rent concessions soar to a 15-year high, according to recent insights from the Apartment Association of Metro Denver (AAMD). With properties now offering incentives like free rent, it’s never been a better time for potential renters. In this evolving market, the combination of rising vacancy rates and decreasing rents creates a unique opportunity for those looking to move out on their own. Understanding the Current Market Dynamics As of the third quarter of this year, Denver's apartment vacancy rate stood at 6.6%, reflecting a slight decrease from previous months but an increase when compared to the same time last year. Notably, average rents have dropped to $1,832—the lowest since early 2022—indicating that renters are benefiting from a competitive housing market driven by an oversupply of apartments and economic caution about job growth. Just a year ago, rents were nearly 10% higher, underscoring the significant financial relief for tenants. What Concessions Mean for New Renters The AAMD reports that concessions across the Denver metro area average $107 per month, about 5.8% of gross rent, resulting in tenants essentially receiving nearly three weeks of free rent annually. This shift is mostly seen in new apartment constructions aiming to attract renters in a competitive landscape, providing tenants with better value for their dollar. For many, this situation cyclically invites the question of whether to leave their parents' homes and embrace living independently. Creative Strategies by Landlords Landlords are responding to market pressures with inventive leasing strategies. Take, for example, Rhys Duggan, founder and CEO of Revesco Properties, who is not only offering several weeks of free rent but also a $50,000 cash prize to entice tenants in one of his Golden Triangle properties. This innovative approach highlights how landlords are becoming increasingly aggressive in their efforts to fill vacancies. As Duggan explains, this competitive submarket requires landlords to think creatively about attracting renters to their properties. The Future of Rental Market in Denver Despite these concessions, industry experts caution that the future remains uncertain. Several analysts, including Scott Rathbun from Apartment Insights, predict that a rebound in demand is on the horizon, though supply constraints may hinder growth in new projects. As we move forward, landlords will need to continuously adapt their strategies based on economic trends, job stability, and shifting renter preferences. Decisions for Tenants to Consider For potential renters, this market presents various decisions, largely centered on timing and budget. With rents decreasing and exceptional concessions, it could be prudent to explore new living arrangements now. The opportunity to secure a desirable apartment with considerable savings may not last forever, as economic conditions continue to shift. As property values fluctuate, being proactive in securing a lease could be financially advantageous. Conclusion: Now is the Time to Act As the rental landscape in Denver evolves, the time to act is now. With unprecedented concessions and lower rental costs, it's crucial for individuals and families to consider making the leap to secure better living conditions while saving money. The current environment is ripe for making well-informed choices about housing in a rapidly changing market. Exploring options now not only positions renters advantageously for today's deals but may also shield them from future price hikes. If you’re considering moving away from your current living situation, now is the right moment to explore your options in the Denver rental market. With many opportunities available, make the choice to take advantage of these concessions before they disappear.