Denver saw more record highs for average sales price for single-family detached properties at $625,100. Buyers are still out fighting for properties and inventory is the lowest for any October on record.
- According to GoBankingRates.com, Denver residents must earn at least $109,020 per year to comfortable own a home. The median income in Denver is $38,991.
- Carmen Court, a 95-year-old Spanish and Pueblo revival style-influenced condo building in Denver’s Speer neighborhood is no longer for consideration as a city landmark. Denver Post
- The number of employees working from home nationwide jumped from a pre-COVID 5.5 percent to a current 85 percent, which has increased sink use by 21 percent, toilet use by 20 percent and showers by 16 percent. Home electricity use is up 22 percent.
- Gross domestic product – the sum of all goods and services produced by the economy – is forecasted to leap by 31.8 percent at an annualized pace in the third quarter, according to a MarketWatch survey of economists, easily the biggest increase ever in modern times after the biggest decline in history due to COVID-19.