Steamboat’s occupancy plummets, revenues soar, what is going on?

Steamboat’s occupancy plummets, revenues soar, what is going on?

Steamboat’s occupancy rate “supposedly” plummets 13% from last year, yet accommodation taxes are up an astonishing 48%.    Why is it important to focus on occupancy and sales taxes? How accurate are either of these numbers?  What does this mean for...
58% of sellers in Denver drop prices; inventory rises 94%; what does this mean for Colorado real estate values?

58% of sellers in Denver drop prices; inventory rises 94%; what does this mean for Colorado real estate values?

  Don’t be surprised by the recent numbers.  I mentioned months ago that many Canadian markets changed on a dime and the same would happen in major US cities.  A recent Redfin report showed that Denver ranked second behind Boise in price drops amongst 97 cities. ...
Breckenridge records lowest occupancy rates since 2015; will real estate follow?

Breckenridge records lowest occupancy rates since 2015; will real estate follow?

  The headline in the Summit Daily sound ominous: Summit County servers stung by lack of visitors with lowest occupancy rates since 2015.  From the headlines it sounds like Breckenridge is in a free fall.  Is it really? What is going on in Breckenridge...
Will higher interest rates impact Colorado ski real estate? One market down 71%

Will higher interest rates impact Colorado ski real estate? One market down 71%

Depending on the Colorado ski town, cash transactions make up between 30-75% of all closed transactions.  With this many cash transactions, what do rising interest rates mean for sales in the various ski towns.  Will there be a slow down  in ski real...
58% of sellers in Denver drop prices; inventory rises 94%; what does this mean for Colorado real estate values?

Extreme bidding wars set to continue in Denver, Housing enters a national recession

The Denver Metro Association predicted “extreme bidding wars” will continue in their August Newsletter.  At the same time the National Association of realtor’s chief economist said: “We’re witnessing a housing recession in terms of declining home sales and home...