Denver, CO
USD’s Eric Peterson says the Denver win was big as they hit the road
VERMILLION, S.D. (Dakota News Now) -Eric Peterson told us last week how every single night in the Summit League any team can win.
And we’ve seen that from his Coyotes. Last week’s overtime victory against Denver helped make-up for that OT loss in the Mile High City when they led by 2 with just over a second left and had the ball, only to somehow lose.
It was a great positive moment to help put that gut-wrenching loss behind them.
USD Men’s Basketball Coach Eric Peterson says, “Good to get a win. I thought our team played well and I thought our bench played well. We had some guys come off the bench and give us some big minutes. So I’m proud of our team but we need to keep moving forward. We’re obviously playing a lot better and the goal is to play your best basketball in March and we’re trending that way.”
The Coyotes have a pair of games on the road this week at Omaha and St. Thomas. Kaleb Stewart left that Denver game early with a chest injury which could really make a difference down the stretch.
They are in last place at the moment but a pair of wins would get them right back into the conversation for the post season.
Copyright 2024 KSFY. All rights reserved.
Denver, CO
Rain returns to Denver metro on Thursday; snow stays mostly in the higher terrain
DENVER — We’re in for a quiet night ahead, staying mostly dry and mild. The waiting game begins as the next system approaches Colorado.
Clouds increase throughout Thursday with cooler afternoon highs in the low 50s.
A complex storm arrives, and with models disagreeing on the details, confidence remains low for snowfall in the metro.
Expect rain to move in first. Pockets of rain and snow are possible later, mainly across higher terrain and areas farther east.
Rain returns Thursday; snow stays mostly in the higher terrain
On Friday morning, rain will continue for most of the metro and plains.
However, the Front Range mountains, foothills, and the Palmer Divide could see snow accumulation.
Precipitation should taper off Friday afternoon as the system weakens and moves east.
Heading into the weekend, dry air returns with temperatures bouncing back to slightly above normal.
We should stay quiet through the weekend.
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Denver, CO
Adams County Veterans Memorial vandalized again, just hours after Veterans Day
DENVER (KDVR) — The Adams County Veterans Memorial, a place built for quiet reflection, was left damaged and vandalized just hours after residents gathered to celebrate Veterans Day.
County leaders say they’re frustrated, and crews are once again being forced to repair a monument that’s been targeted repeatedly since it opened.
The Adams County Veterans Memorial, designed to resemble the World War II battleship USS Colorado, had been covered in flowers earlier this month for Veterans Day.
“We do a great event every Veterans Day,” said Byron Fanning, Adams County’s director of Parks, Open Space and Cultural Arts. “You can take a flower and place it at our remembrance wall in honor of somebody that you want to honor that’s important to your life.”
The morning after the holiday, Fanning said he discovered graffiti on the sidewalk, and a park bench soaked in paint. There was also damage to the plumbing system, which now needs to be pumped out.
“It really hurt my heart,” Fanning said.
Fanning described the graffiti as “gibberish” but said photos of it have been blurred while the sheriff’s office investigates.
Most of the cleanup work is already done. Crews removed graffiti that had been sprayed across the walkway and took out a bench for repairs after someone dumped a bucket of paint on it.
And it’s nothing crews aren’t used to. Fanning say this is the tenth time the memorial has been vandalized since it opened in 2023.
“Some of them are small, just a little graffiti on the railings or on some of the structures behind me,” Fanning said. “But some of them have been rather extensive.”
Hoping to protect the memorial as a place to honor those who served, Fanning offered a simple plea to the public.
“Please stop,” he said. “Please show some respect for who this was built to honor, and for those veterans that mean so much to our community. You’re disrespecting them, and it’s not okay.”
Officials estimate the latest cleanup cost about $3,000. The county is working to install security cameras, and the sheriff’s office is increasing nighttime patrols in hopes of preventing future vandalism.
The county is also asking visitors to report any vandalism to law enforcement.
Denver, CO
Nine in 10 Denver area homes lost value in the past year, Zillow reports
Metro Denver is leading the country for the share of homes that have lost value over the past year, with 9 in 10 homes down in price compared to only half nationally, according to an analysis from Zillow.
About 91% of metro Denver homes lost value in the past year compared to 53% nationally. Denver edges out other once-hot metros like Austin, with 89.5% of homes down in value and Phoenix, with 86.9% down the past year.
Home prices have bounced around in a narrow band since the peak in June 2022, making it hard to discern the overall trend. Overall, Denver home prices are about 10% below the peak, matching the average decline measured nationally, Zillow said.
“Denver’s home values were growing in 2024, so it’s natural to see a bit more giveback now. What stands out more is the depth of the losses. The average Denver home has lost about the same as the national average, while Austin’s average drop is more than twice that,” said Mischa Fisher, Zillow’s new chief economist, in an email.
While nearly all Denver homeowners have lost equity, those losses are mild and very much in line with what homeowners across the country are experiencing when measured from the peak, he said.
If the declines accelerate, however, the situation could prove problematic for first-time buyers who bought near the top, especially if they made only a small down payment and are forced to sell.
The Zillow Home Value Index for metro Denver, which includes both homes and condos, peaked at $592,969 in June 2022. Last month, its index reported a value of $530,699. That represents a decline of $62,270 or 10.5%.
In Colorado, the average commission that a seller pays is 5.65% of the sales price, which would mean about $30,000 that needs to be covered. Someone who bought a typical home at the peak and sold last month would be down about $92,000, not counting other closing costs.
Back in 2022, the average down payment a first-time buyer made was 6%, according to the National Association of Realtors. And someone using a 30-year mortgage might pay down principal by about 5% or 6% in the first three years. It isn’t 10% because the bulk of monthly payments in the earliest years of a mortgage go to cover interest.
Vulnerable buyers, however, represent a small share of the overall market. The volume of activity or turnover has slowed down since the peak, and of the homes that do sell, only a quarter to a third are claimed by first-time buyers. Depending on where they bought, when they bought, and how much they put down, even those buyers might still have equity.
“Absent a major hit to the economy, most of today’s paper losses will likely have turned into profits down the road when recent buyers sell,” predicted Fisher.
Another way to look at the stress on a specific housing market is what share of homes are being listed below the last price paid. From that viewpoint, Denver’s market is still in good shape.
About 6.3% of homes in metro Denver are being listed below the prior sales price, which compares to 3.4% nationally, according to Zillow. The metros with the biggest shares of homes being discounted are San Francisco, 14%; Austin, 13%; San Jose, Calif., 9% and San Antonio at 8%.
In 2019, 0.6% of homes sold below the prior sales price in Denver, compared to 5.9% nationally. That measure has improved nationally but deteriorated locally. Building equity looks like it will be more of a slog for buyers who started down the home ownership trail late in metro Denver, and they will need to watch their footing. But patience will still be rewarded, Fisher argues.
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