Did you get your envelope? Is the property tax assessor crazy? Are you ready for your new tax bill? Real estate sales have slowed drastically, prices have softened and yet your property tax value just increased substantially. Adams county assessed values increase...
Beaulieu, a nationally renowned economist and president of ITR Economics, predicted: “The U.S. economy and your economy in Colorado will slow down in 2019…Expect a slow down, but don’t expect a break down”. He then went on to say that: “An aging population,...
Bloomberg recently did a study to determine the best places in the United States to own a vacation home. I took the pic above outside of Breckenridge. Colorado scored the highest of any state with 5 of the top 15 spots. What cities were on the list? Why are these...
A new bill heading to the governor’s desk for signature, senate bill 181 will radically alter oil/gas development and the real estate landscape. This bill will create large winners and losers. In an anticipation of the law Boulder county has halted any new oil/gas...
As nightly rentals balloon throughout Colorado so have issues and regulations. Summit County (Breckenridge, Keystone, Copper Mountain) is the most recent county to get on the bandwagon of regulating rentals. Why are the regulations so important that are coming down...
We all know cash is king, but in real estate this is even more important. What can the amount of cash tell us about a particular Colorado ski resort market (I took the pic above between Vail and Steamboat)? How can we use this information to guide our...
Don't think this impacts you? Take a look at the map above of the Denver front range. “When Bill Young peers out the window of his $700,000 home in Broomfield, Colo., he drinks in a panoramic view of the Rocky Mountains. Starting next year, he may also glimpse one...
There Is a new bill, Residential health and safety act, that will drastically alter rental properties both single family and multifamily properties. Are you ready? The bill’s title sounds innocuous, but the true intent of the bill is lurking in the details and will...
2019 is on track to be a great snow season in Colorado with many resorts opening with the most terrain in the last 15 years. Is mountain real estate in 2019 going to be as good as the snow? What areas should you look to invest in? Before getting into the top 3...
If you missed the headline in the Denver Post, it sounds like the sky is falling. Boulder’s average sales price is down 2.7%, Denver 1.2%, and Douglas 2.1%. Are lower home prices on the way? Is this the beginning of the next cycle? How accurate is the...
NY provides 3 billion in incentives to land Amazon. Colorado offered 100 million. Amazon selected NY only to break up with them this week and ditch their expansion plans. Colorado will be a big winner of this recent breakup. Sounds like the recent Bezos love...
Redfin, the online brokerage, released their recent search volume report which shows Denver is losing it’s “mojo”. Denver topped the list of metros people looked to leave, posting the highest net outflows in the fourth quarter. 24% of all users were searching to move...
The Hamptons have increased inventory by 82% to the highest level in 12 years. At the same time sales fell 35% last quarter to their lowest since 2009 (Bloomberg). In Aspen, another ultra-high-end market, sales are down 27% on single family homes from 1.2B...
I think most people would agree, the current real estate expansion is getting a little “long in the tooth” and is poised for a correction/change. Real estate, like a hot air balloon, can’t go up forever. At some point it needs a break to refuel. Colorado is not...
Vail resorts, the owner of Breckenridge, Vail, Keystone, and Crested Butte in Colorado, has fallen 39% percent from its peak and recently fell 13% in one day. At the same time lift ticket revenue was up 12% and visitation up 17%. Why is revenue declining when this...
There is a new initiative in town to drastically limit growth in one metro Denver City. Lakewood just won major litigation that had derailed a “growth initiative” that limits new residential development to 1% of the existing housing stock. Why is this important? ...
With the dawn of 2019 it is time for my annual Colorado real estate predictions. How did I do last year? I hit the nail on the head! (see below) 2019 is shaping up to be considerably more exciting than 2018! The main economic drivers in 2019 will be the pace...
Ready to lose 100k+ on your real estate in Colorado? Are you now a member of the “frequent flyer” club without leaving the ground? The FAA is working on their next generation of air traffic control which will drastically alter the approach and takeoffs at airports...
Colorado is an odd state, you are unable to buy full strength beer in grocery stores. In almost every other state, you can walk into a grocery store and buy wine/beer, but not in Colorado. That is all changing come January 1st. Why the change? What is the impact on real estate? I was surprised to see the passing of Senate Bill 243 in the waning days of the last legislative session. It seemed oddly out of place that Governor Hickenlooper, a former brewpub owner, quietly signed the bill without a single person to witness the event. What was in this bill? This bill radically changes where and how beer can be sold within Colorado. This bill will change consumer choices and have profound impacts on grocery anchored retail. Why is it so monumental?
It looks like Black Friday is coming to Denver front range real estate with the luxury market (above 1m) officially entering a buyers’ market and on sale! According to the November report by the Denver Metro Association of Realtors, active listings are up 47% from...
The global economy is still healthy, yet last year out of the top destinations for international travel only two declined. The United States and Turkey! The other top ten destinations all increased; many increased by double digits while the U.S. declined by 6%. The...
Marijuana is now legal in 32 states for medical purposes and 10 states for recreational usage. What does this mean for real estate? How can you tell if there is a grow? How does marijuana growing impact residential and commercial properties? What are the two most...
First, I hope you and your family have a wonderful holiday season. I was driving towards Breckenridge and stuck in the Eisenhower tunnel before going down the pass when I took this picture. What does this mean (read more). I spend lots of “windshield time” throughout...
Location Inc, founded by Andrew Schiller (he accurately predicted the last real estate bust), came out with new real estate predictions for the Northern Colorado Front Range. According to recent models, Boulder will plunge by 19% by 2022 while Greeley should be a...
