Almost 6% of all homeowners (8% of one type of loan) are “stuck” in some sort of forbearance. Unfortunately, the number of borrowers in forbearance has barely budged recently with no end in site. What does this mean for defaults? Why is one mortgage type...
I’m amazed that there hasn’t been any major press on the impending time bomb heading for Colorado’s real estate especially in Denver and the resort communities. Nearly 500,000 federally assisted apartments or rental homes can revert to market rents over next five...
With interest rates hitting historic lows, why will property owners in Colorado ski towns from Steamboat to Telluride get much higher interest rates than Denver? (Do you know where I took this pic?) Why will locals in the resort communities get hit hardest? What...
Denver historically was the leader in Colorado real estate. The tides have turned with the pandemic. Year to date, sales in Denver are up around 5%, while Jefferson county, a suburban county of Denver is up 9%. Furthermore, the appreciation in Summit county is over...
Happy New Year! It is time for my annual Colorado real estate predictions. How did I do last year? I did really good especially with the uncertainty of the virus! (see below) 2021 is shaping up to be pretty exciting from a real estate perspective! The main economic...
I wrote a few weeks back about how Denver Colorado is the second fastest “gentrifying” area in the country just behind San Francisco. Nobody has really talked about it but “gentrification” is happening (already happened in most ski towns) at an even faster...
Will Denver real estate fall? Throughout the country, Denver ranks 6th for top declines in apartment rents for major cities. Colorado Springs was ranked 5th for top increases in rental rates. Why is Denver rent falling while Colorado Springs rents are increasing? ...
Real Estate throughout Colorado is on a tear, setting records for price appreciation throughout the state. Unfortunately, eventually the market will run out of juice. Do you know the mushroom theory and how it can help you plan for the next cycle? I...
The ski industry has been on a wild ride since the resorts were shut down last March. Mountain real estate has been on a tear and summer visitation has been off the charts. What does this mean for the upcoming ski season? How are the resorts adapting due to the...
It has been quite the election cycle to say the least. One thing is for certain, Colorado property owners are going to be paying allot more in taxes on everything, especially in Denver county. Your taxes in Denver will increase by $2400/year minimum for the...
The data is staggering in three months from June through August, the median home price in Aspen for a single family home doubled, with the average sales price north of 7 million. Has Aspen hit a peak? How do the other Colorado ski towns compare? Are we at risk of a...
U.S.-listed shares of major cannabis producers surged after Democratic vice president nominee Kamala Harris said marijuana would be decriminalized at a federal level in the United States under a Biden administration. How would this change impact real estate in...
Core Logic, the leading data provider in the real estate industry, recently predicted that Denver home prices will tumble by 9% by May of 2021 placing it in the top three of most overvalued real estate markets. How realistic is this prediction? Is there a flaw in the...
Aspen is leading the way in regulating short term rentals. The five-member board unanimously approved a policy resolution that would allow amending the municipal land-use code to require vacation rental properties to acquire a business license. On the surface...
Boulder city council recently approved a new ballot measure that has gathered enough signatures to appear in November. The new initiative is “No evictions without representation” to provide legal assistance for anyone facing eviction. What is in the ballot measure? ...
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...
