As well-paid knowledge workers who can do their jobs anywhere now flock to these “Zoom towns,” home prices are surging and housing inventory is dwindling. What is a “zoom town” ? How is Colorado benefiting from this new trend? What towns qualify as "zoom" towns?...
I saw a headline that property taxes would decrease 18%, I was skeptical to say the least and you should be too. Colorado is unique in how property taxes are calculated requiring a balance between commercial and residential property taxes, with commercial values...
Do you know where the next defaults will occur in Colorado? What cities and zip codes are most at risk during this recession? In every recession, there are two predictors of default/loss collateral and equity. What does the data tell us today about Colorado?...
I hope everyone had a great summer, this is Luna accompanying me on an inspection in Colorado style 😊 I have recently written about ski real estate setting records for both prices and volumes, but not all ski real estate is following the same pattern. What...
When the Coronavirus first hit, my predictions were for a flat to slightly declining market. Wow, I missed that one! The Denver metro area and all the resort towns have set records with appreciation skyrocketing. What does this mean for real estate the remainder of...
I usually do not send e-mails out on the weekend, but wanted to make sure everyone has been following the major news in the ski industry. Vail resorts recently announced that you will need a reservation in order to ski/ride. Passholders can select up to 7...
Cannabis was the new goldmine for many years. Unfortunately, the high does not last forever and is now turning more into a hangover. In Colorado, Cannabis is considered a “critical” business, yet the waning profits signal they are substantially under performing...
Anyone living in Colorado can attest it has been hot, dry, and windy this summer with record drought conditions throughout the state. Two major wildfires in Colorado (one human and one lighting caused) have popped up charring thousands of acres around Grand Junction...
Do you know where I took this picture in Colorado? I wrote back in June about big changes coming to Colorado's resort communities. What has happened since June? Were the predictions accurate? Where does ski real estate go from here? The great urban exodus is...
Denver Colorado is the second fastest “gentrifying” area in the country just behind San Francisco. Furthermore, Denver beat out Boston, Miami, New Orleans, Austin, and countless others due to the rapid gentrification of the downtown core. What is Gentrification? How...
Like many of you I was excited to finally hear my property taxes were going down as this never happens! Colorado is unique in how property taxes are calculated requiring a balance between commercial and residential property taxes, with commercial values...
The pandemic has wreaked havoc on the economy, but surprisingly real estate throughout the front range has held up considerably better than almost anyone predicted. With the economy still in tatters, what 3 cities in the Denver Front Range are the the best real...
Denver, like many cities, is experiencing homelessness issues as property values and rents rise pricing many out. To help combat the homelessness issue, Denver Mayor Hancock has asked eight council members to submit locations for spaces of about one quarter acre to...
Denver is number 11 on the cities most likely to recover fastest from the shutdowns from the pandemic. After being ravaged by a pandemic that caused nationwide lockdowns, Denver is among those poised for a relatively strong recovery from the coronavirus recession,...
Happy summer to everyone, it sure doesn't feel that way in the mountains with a dusting of fresh snow on the peaks this week. Do you know what pass this is? There are some big changes coming down the pipe not just for the weather but in Colorado ski real estate. From...
Colorado, like much of the country, is going to be in for a rough ride on the commercial side in 2021 Why 2021? What property types will be most affected? Unfortunately, the recent pandemic has created many more losers than winners in Colorado commercial real estate...
Although there is considerable uncertainty on the economic recovery with the virus, I can tell you with 100% certainty you will see an increase in Colorado taxes as states burn through cash. At the end of the day someone has to pay and unfortunately you and I will be...
Colorado has become the “festival capital” using events to draw an increasingly larger number of visitors from the wine festival to arts festivals to music festivals to car festivals, etc… every weekend was a festival in Denver and mountain resort communities. With...
Facebook, Twitter, and other high-tech companies have announced plans to disburse their California workforces and allow many (in the case of Twitter all) of their employees to work remotely. This new trend will have lasting impacts on real estate, not just in...
2020 is shaping up to be an interesting year in the ski industry. The ski industry was abruptly cut short in April with Vail resorts losing 200m and Alterra getting sued for closing early. What does this mean for ski real estate? Where should you invest now based on...
I hope everyone is doing well. I wanted to share a bit of irony. The "call before your dig" line in Colorado was recently out of operation as someone ironically didn't call before they dug and hit all the lines going into the operation center. On to the news... ...
Wow, what a crazy time we are in. Less than a month ago, I was at Copper Mountain when the Governor announced the closure of all ski resorts. Shortly thereafter, kids were running around the house with schools closed and most businesses were shuttered or working...
Research has shown that property next to oil and gas development comes at a discount. Just how much of a discount, though, is a little shocking. The other mystery is who will actually be impacted. As both housing and oil and gas development expand throughout...
As we all know, the ski season was abruptly cut short on one of the busiest days of the year due to the Colorado Governors orders to prevent the spread of the Coronavirus. It was bound to happen, a California skier filed suit against Alterra alleging breach of...
