The Denver Real Estate Broker Blog

LoDo Denver Homes -- Neighborhood Profile

For more than 20 years, lower downtown, or LoDo, has been slowly restored and revamped, transforming it into what it is today – one of the liveliest neighborhoods in Denver.

 

LoDo has an exceptional concentration of Victorian and turn-of-the-century buildings, but it is also characterized by brewpubs, coffeehouses, restaurants and the home of the Colorado Rockies -- Coors Field. It’s an excellent location for creative, tech-friendly types, with its abundance of Internet design firms, graphic design studios, art galleries and advertising agencies.

 

LoDo could be considered to be the fashion capital of Denver, with its 18 boutiques and shops that sell over 200 fashion lines. It's the place to be for anyone who's looking for unique clothes, accessories and style. Thanks to all of the top restaurants and gastropubs, and the many chefs who call this neighborhood home, LoDo could also be called Denver’s food capital.

 

There’s also a bit of literary history associated with the area. My Brother's Bar, a former hangout for Jack Kerouac and Neal Cassady, is still popular with many LoDo residents. This and many other local spots fits in well with the neighborhood’s stylized and historic feel.

 

LoDo attractions include Elitch Gardens Theme & Water Park, Downtown Aquarium, Children's Museum of Denver and Museum of Contemporary Art Denver. There's also plenty to do for those who enjoy being active. There's Confluence Park and Cherry Creek, which boasts pedestrian paths for avid runners and bikers and rushing waters for kayakers.

 

LoDo Denver Homes for Sale

 

While LoDo is primarily a commercial sector of Denver, there also are plenty of restored Victorian warehouse-lofts mixed in with the boutiques,...

Buy a Home in Denver to Avoid Rapidly Rising Rent

If you’ve been looking for reasons to buy a home in Denver, the rapidly rising rents in the area should be all the motivation you need.

 

Multiple reports all agree -- rent is on the rise in Mile High City. One recent report found Denver to have the fastest rising rent rate in the nation, and another found it to have the third fastest rate growth, topped only by Portland and San Francisco. The stats are clear – rent is bad and it’s only getting worse.

 

The Yardi Matrix report is the latest sign that local renters should be looking to buy. Due to available home mortgage deductions and the long-term sustaining value of local homes, buying would be an attractive option even if rent wasn’t getting so ridiculous.

 

The word around the industry is that it is very unlikely the Fed will raise interest rates in the near future. If mortgage rates remain low, that’s even more reason to switch from renting to buying.

 

More Reasons to Buy a Home in Denver

 

A recent program unveiled by Fannie Mae only requires a three percent down payment. Other lenders like Wells Fargo are also introducing new programs that have extended lock periods, which give home buyers protection from rising rates.

 

Local housing experts are predicting that home values will be higher a year from now, which means it’s better to act quickly.

 

If you are a first-time home buyer or a move-up home buyer looking to avoid the crazy rent situation, contact the Denver real estate experts at the Neir Team. Alex and Stacy Neir will help you find the right neighborhood and the right home for your needs.

 

Call 720.280.3004 or 720.935.4399 or visit our Denver CO real estate listings page today...