Housing costs soar in Denver; legislative effort to reduce cost fails

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DENVER — The fastest-growing housing market in the country is Denver, according to a survey. And the cost of rent is also hitting new highs in the city.

Many people are being priced out of the market because of the soaring costs.

One effort designed to lower prices cost failed in the Colorado Legislature when the Construction Defects Bill was defeated.

Some are pleased the measure failed, saying it would not have done enough to create affordable housing in Denver, and it would have cost homeowners many of their rights.

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