Local Pulse – May 2024

mark@5280core.com • 720.257.1541 • 5280core.com
  • Move-in ready homes priced correctly are selling notably faster and attracting multiple offers, while homes that are not turnkey are struggling to find buyers.
  • The Denver Metro area ranks as the hottest housing market in the country for a second year in a row, according to a recent analysis from U.S. News & World Report. The report notes that the Denver Metro area “retains a mix of strengths including low unemployment, few mortgage delinquencies, low rental vacancy rates for investors and a positive ratio of building permits to job growth.”
  • Nearly one in four renters who have lived in their home for a year or more seriously considered buying when looking for a home to rent, with 76 percent citing affordability for purchasing a home as the main inhibitor.
  • At May’s Fed meeting, Fed Chair Powell refrained from expressing the level of concern about inflation that recent data warrants. While he acknowledged it would take longer, he did indicate that the next move is a cut, not a hike.
  • The market’s implied probability of no rate hikes in 2024 has surged to 20 percent, up from zero only one month ago.
Local Events | Denver
Five Points Jazz Festival
Join us at the Five Points Jazz Festival, a vibrant, free celebration in Denver’s historic Five Points, once known as the Harlem of the West. Experience a day filled with the sounds of local and international jazz legends, and immerse yourself in a rich tapestry of food, shopping, and entertainment. From its humble beginnings to a bustling event with multiple stages, this festival has grown into a beloved gathering that invites thousands to celebrate jazz’s storied legacy and vibrant present.
Click HERE for more information!
Join us for the ultimate craft beer experience in Denver! Our Lodo Craft Beer Tour takes you to some of the city’s best downtown breweries, where you’ll taste 10+ expertly crafted beers while exploring on foot. Discover the stories behind Denver’s beer culture, from a geologist-turned-brewer to the city’s new Dairy Block. Along the way, uncover Denver’s hidden secrets, including its original red light district and a replica of St. Mark’s Basilica. If you’re seeking a blend of top craft breweries and intriguing history, this tour is for you!
 Click HERE for more information!
Real estate questions? Wondering how the market looks at the moment? Just want to say hello? 
Don’t hesitate to call me – I’d love to chat!
 
mark@5280core.com • 720.257.1541 • 5280core.com
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