If home prices grow faster than income levels, then a given market can become overvalued. And that's exactly what's happened in Denver.
“Built up demand” driving all these projects coming to University, University Hills and University Park
"There's a lot of built up demand" for apartments, said Austin Peterson, principal at Apex Real Estate Solutions. "You can't build them fast enough."
The Dinerstein Companies is planning 178 units near Seventh Avenue and Grant Street and another 350 units near Evans Avenue and Colorado Boulevard.
Bummed that you're paying luxury rent to live in a construction zone? Let's look into the future.
Only 0.3 percent of mortgaged homes in the state are in the process of foreclosure.