John Covert, Director of Metrostudy’s Colorado-New Mexico Region, has been researching and analyzing housing markets since 1999. He regularly meets and consults with many of the top homebuilders in Colorado, as well as with lenders, developers, investors, suppliers, utilities, school districts, and local governments concerning trends in the local economy and their effect on the real estate market. John launched Metrostudy’s office in the Denver/Colorado Springs market during the fall of 2001, and is responsible for all operations there including surveying, consulting and managing local client relationships. In the spring of 2004, he opened Metrostudy’s market research and consulting practice in the Albuquerque and Santa Fe markets.
Prior to joining Metrostudy, John was the research manager for the Denver and Salt Lake offices of The Meyers Group. From 1996 to 1999, as staff associate of the Colorado Municipal League, John worked on behalf of Colorado’s cities in the areas of land use and telecommunications, as well as membership development and leadership training. John also worked for the City of Arvada Planning Office and the Parks & Recreation Planning office of the City & County of Denver.
John has a Bachelor’s Degree in land use and a Master of Business Administration with an emphasis in marketing and is active in industry events hosted by the various Homebuilder Associations in Colorado. John has served on the Board of Directors for the Homebuilders Association of Metro Denver since 2006.
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Despite the fact that Denver is one of the strongest markets for year-over-year growth in starts, new and existing home prices have reached new highs, and buyer traffic has started to decrease.
Denver finished 2014 strong in closings, after an active year for housing starts. The large amount of closings in the fourth quarter previews the momentum expected to continue throughout this year. The greater Denver area spent 2014 catering largely to the move-up buyer, and the number of new homes available under $300,000 is rapidly shrinking.