Metro Denver now the fifth least affordable housing market in the country

📆 18/04/2022 14:35:00
📰 denverpost

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Metro Denver’s median sold price has risen more than 23% in the past year to $564,990 and is now 6.6 times the median household income.

, a real estate tech company based in Austin. Metro Denver’s median sold price has risen more than 23% in the past year to $564,990 and is now 6.6 times the median household income, the survey found.

“Housing costs are taking up progressively more of a household’s income, making the issue of home affordability a multi-faceted problem, one that needs local, personalized solutions,” said Carmen Rogobete, a communications strategist at the International real estate portal, which is part of Yardi Matrix.

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Are 40 year mortgages a thing yet? It smells like they need to move the jumbo loan minimum higher. Hireareporter

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