Real Estate Investment Market Report for Colorado, Utah, and Texas: January 2021
A hard money loan can be a good option for a variety of reasons. For example, if you’re having trouble getting a loan from a bank with the terms you need, you need quick approvals and/or funding, you’re looking for tailored loan solutions, and/or you don’t want to bring in an equity partner.
Now, let’s talk about what you should know before looking for a hard money loan, and ways you can ensure a quick and easy loan process.
Read full article (3 min read)Market Activity
As the Denver economy continues to slowly recover, the region’s unemployment rate is down to 6.6 percent in the fourth quarter. As the fight against COVID-19 continues, Denver’s economy should remain strong throughout this year. As for Denver’s office market, it closed out 2020 with an overall vacancy rate of 17.7 percent. This uptick is partly due to vacant sublease space that came to the market in the fourth quarter.
Market Activity
As a result of stay-at-home orders due to COVID-19, Salt Lake City lost 13,800 jobs overall, and saw its unemployment rate increase by 1.8 percent year-over-year through November 2020. Of the 13,800 jobs, 10,500-or 76.1 percent-of the jobs lost were in the leisure and hospitality sector. The professional and business sector saw a loss of 8,300 jobs. In the same time period, monthly unemployment for the region increased from 2.0 to 4.2 percent, according to Cushman & Wakefield.
Market Activity
The Dallas-Fort Worth region continues to recover. With a high unemployment rate compared to last year, the region added nearly 48,000 jobs from the third to the fourth quarter, bringing it close to its pre-COVID-19 levels. Year-over-year, Dallas-Fort Worth’s population increased by 121,603, and in the fourth quarter alone, it increased by 29,070. In December 2020, it reached a new high of over 7.8 million residents.
