U S. home prices could fall as much as 20% next year
Table of Content Drop in metro Denver home sales will be steeper… Why is housing so expensive in Colorado? Listen to a Colorado Postcard Will Housing Demand Exceed Supply, Raising Prices in 2023? Is Denver housing market going to crash? Things have been messy at Denver jazz station KUVO. Here’s how new General Manager Nikki Swarn is looking forward (and back) Over the past month, the average rent for a studio apartment in Denver decreased by -3% to $1,364. The average rent for a 1-bedroom apartment decreased by -4% to $1,638, and the average rent for a 2-bedroom apartment decreased by -2% to $2,240. Keep your thermostat set above 65 degrees when leaving your house or business for several days. Some housing areas have experienced major recalibration since the spring price high and are projected to incur losses in 2023. Nonetheless, more deteriorating inventory, some relief in mortgage rate rises, and reasonably optimistic economic data may help eventually stabilize home values. ...