Denver residents, looking to make a move, are looking to move in-state, to areas with less expensive housing costs than Denver.


That's according to a new report from online real estate company Redfin, which analyzed homebuyer migration patterns from around the country.
Denver residents are looking mostly to moving to Colorado Springs (the choice of 11 percent of Denver leavers) and Fort Collins (10.6 percent), followed by Chicago (7 percent), Los Angeles (6 percent) and Phoenix (5.5 percent).
In August, Denver Denver residents looked at Chicago more than anywhere else, including in-state cities, as a preferred destination.
On the other side, regarding people thinking of moving to Denver, the housing-expensive Bay Area was the top inflow origin (14.9 percent), followed by Los Angeles (12.7 percent) and Chicago (8.2 percent).
To come up with its report, Redfin said it "analyzed a sample of more than 1 million Redfin.com users searching for homes across 75 metro ar ...

$350 million in new commercial projects broke ground along I-25 in Thornton this year


At the groundbreaking event for its forthcoming outlet mall in the city, officials with Simon Properties — which claims to be the largest owner of retail real estate in the world — endeavored to answer the question “Why Thornton?”
“Frankly, it’s not really a difficult answer,” said Danielle De Vita, Simon’s executive vice president of real estate. “Aside from this amazing site, … Thornton and the Denver metro area are truly noteworthy on a national scale in regards to economic growth.”
De Vita listed a population that has boomed since 2000, strong job growth and the availability of a blockbuster site right at the Interstate 25-136th Avenue interchange as nuggets that convinced Simon that the north metro city was the place for its 330,000-square-foot Denver Premium Outlets, set to open late next year and bring 800 j ...

Lenders reportedly are loosening their standards to qualify for a mortgage. Fannie Mae’s third-quarter 2017 Mortgage Lender Sentiment Survey shows the main reason behind the easing of credit has been the increased competition that lenders are feeling.
Across all loan types—GSE-eligible, non-GSE-eligible, and government—lenders reported easing credit standards over the last three months. Further, the net share of lenders who say they expect to ease credit over the next three months reached a survey high of 18 percent.
"Lenders further eased home mortgage credit standards during the third quarter, continuing a trend that started in late 2016,” says Doug Duncan, senior vice president and chief economist. “In particular, both the net share of lenders reporting easing on GSE-eligible loans for the prior three months and the share expecting to ease standards on those loans over the next three months increased to survey highs. Lenders' comments suggest that com ...