Local Pulse - March 2025

• Sellers taking advantage of “coming soon” status in the MLS receive more traffic on opening weekends than those who do not.
• Denver’s Loretto Heights Theater renovation project breaks ground this summer at an initial construction cost of $60 million. Half of the funding is provided by Denver’s 2021 RISE bond, while the other half comes from the Denver Arts & Venues budget.
• According to the 2025 Colorado Economic Impact Study, Denver International Airport is the state’s largest economic engine, contributing $47.2 billion annually to the state’s economy.
• The RidgeGate master-planned community, located south of Denver, is set for significant expansion in 2025. Plans include adding residential units, retail spaces, parks, civic facilities, an amenity center and a school, which will contribute to the area’s growth and potentially impact the local real estate market.
• Denver is a trendsetter once again, making sidewalk upkeep a public responsibility. It is now the largest U.S. municipality to fund and maintain this critical pedestrian infrastructure.
• While much of America face the pressure of rising prices, the top 10 percent of wage earners are doing remarkably well. They now account for 49.7 percent of all spending and 33 percent of the GDP.
• Kitchen trends for 2025 have circled back to granite counters, beige color tones and warm woods, according to interior designers interviewed by the Wall Street Journal.
• February saw a slew of slowing economic data reports, giving mortgage rates a bit of a retreat. The 30-year fixed rate ended February at 6.79 percent, the lowest of the year.

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