As we all know, Colorado, and especially the front range is growing rapidly. This growth means more development. These new developments all require resources from increased water needs to gravel for the roads. At the same time development demands have increased,...
Boulder, like many areas in metro Denver, has an affordability problem. The median home price in Boulder is more than one million. To counteract the steep rise in housing costs, Boulder has started a grand real estate “experiment”. In this experiment, the...
President Donald Trump has reportedly lent his support to Cory Gardner, a U.S. senator from Colorado, promising to back legislation that “protects states’ rights” on legalized marijuana. The president's decision would represent a split from U.S. Attorney...
“The U.S. economy will run strong for two more quarters before peaking this summer and sliding into a mild recession early next year”, predicted economist Alan Beaulieu, a specialist in long-term economic cycles. Fortunately, Colorado should hold up better than most...
The real estate market throughout Colorado is very hot to say the least. In “Hot Markets” mistakes happen more frequently. These “mistakes” can cost purchasers of residential and commercial property thousands. In Denver County hundreds of purchasers unknowingly...
Telluride, Crested Butte, Purgatory, Steamboat, WinterPark, Eldora, Copper, and others have all chosen new partners or switched partners. The ski industry is not monogamous; there is so much hooking up and breaking up that we are going to need to call Jerry Springer...
Attorney General Jeff Sessions is rescinding the Obama-era policy that had paved the way for legalized marijuana to flourish in states across the country. In a break with past federal policies taking a hands-off approach, Sessions will instead let federal...
There is allot of talk about nightly rentals and their impact on real estate. One of the most common questions is does a nightly rental increase the value of a particular residential property? I recently looked at a residential property in Denver metro (Jefferson...
The Federal government has released a new tool to track both short term and long term mortgage delinquencies. I was quite impressed at the new tool since the last time I went to the post office the guy was staring at a screen that looked like a pac man game from the...
There is a new initiative in town to drastically limit growth throughout the front range. Lakewood successfully passed (still in litigation) an initiative to limit new residential development to 1% of the existing housing stock. Why is this important? A very...
There is big news in the marijuana industry. “FOURTH CORNER WINS HUGE VICTORY. The Fourth Corner Credit is pleased to announce that the cannabis industry's credit union has been granted a conditional master account by the Federal Reserve Bank of Kansas City” (source...
Although the snow has been the worst in 60 years for many resorts, there is still plenty of snow up top and real estate continues to move forward. A big change was announced this week; Telluride is joining Vails Epic Pass and Aspen/KSI is rolling out the Ikon pass to...
Colorado continues to be one of the fastest growing states and Denver remains one of the fastest growing cities in the country. Realtors should be rejoicing, but all this growth has a dark side. How could 2018 be tough for Colorado realtors when the state continues...
Vail Resorts announced “steep declines in spending and visitation at its network of North American ski resorts.” Colorado ski country reported visitation down 13%. This decline in visitation will hit the ski industries bottom line. The bigger story is what does...
Allot of predictions have been made about the recent tax bills impact on real estate. The National Association of realtor’s economist predict “The direct result of these changes would be a plunge in home values across America in excess of 10 percent, and likely more...
Attorney General Jeff Sessions is rescinding the Obama-era policy that had paved the way for legalized marijuana to flourish in states across the country, two people with knowledge of the decision told The Associated Press. Sessions will instead let federal...
With 2018 coming quickly it is time for my annual Colorado real estate predictions. 2018 is sure to be exciting. The new tax plan will change things up for 2018. In a nutshell, the new tax plan should cause short term rates to rise more rapidly than...
The chart above looks quite scary to say the least (source: Fed charts). Values have increased further since the data was analyzed. Housing prices are now substantially above our last peak. From the chart it sure looks like there is a bubble/peak soon. There is...
The Colorado Department of Revenue that collects taxes on Marijuana has finally broken out marijuana sales by county. The information is fascinating and unequivocally shows the impact marijuana is having on various areas throughout the state. I assume you can...
193,000 Coloradans moved away from the state last year. “We are seeing that there has been an increase in outs — the highest on record,” said state demographer Elizabeth Garner. Don’t worry, the bottom is not falling out. There are still more people moving here...
The state of Colorado Demography office came out with their latest long-range forecasts through 2050. One city will unseat Denver as the largest in Colorado and other areas will see surprising growth rates; there are also some that will see declining...
Local governments will likely kick off the next round of foreclosures, albeit not intentionally. Why? How? If you opened your mailbox, your assessed property value has likely increased and depending on the area, increased substantially. One area in Denver increased...
There were many local initiatives/bond issues not just in the front range but throughout the state. I was surprised by the rate of passage of these ballot questions. What city enacted a tax of 18.4%? What major items passed throughout the state? In a nutshell, taxes...
Most resorts in Colorado are seeing a huge surge in revenues while at the same time seeing visitation number remain almost flat. Although this seems counter intuitive, fortunately for the ski industry, they have the ability to raise prices to compensate for...
