LOW SUPPLY THREATENS DENVER HOUSING HIGH BY DAREN BLOMQUIST, EXECUTIVE EDITOR
The Denver housing market is in the midst of a housing high driven by strong population and job growth coupled with a low supply of residential properties to buy or rent. “It all starts with population growth,” said Matt Holt, who works for a Denver-based investment firm that buys non-performing loans and real estate across the country. “A lot of young people are moving here. They all move out for the lifestyle. They move out for the mountains, the skiing, the hiking. “You get this young, highly educated pool of talent that is driving business here,” continued Holt, 32, who owns a home near downtown and bikes the three miles
to work each day (see Profile of a Denver Millennial on Page 13). “We’ve had some large corporations move here. They are providing good jobs that pay well and help support the housing market too.”
But the same forces that created the housing boom— growing demand and scarce supply — now threaten to hobble continued growth in the Denver residential real estate market, according to local experts.
Denver Home Price High YoY Pct Change Median Sales Price DENVER OME RICE HIGH YoY Pct Change Median Sales Price
ATTOM Data Solutions • P10
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