With the failure of proposition HH, the Colorado legislature is on the hunt for tax revenue and nightly rentals are in the cross hairs. Not surprisingly, the recent proposal to quadruple taxes on nightly rentals recently passed out of Colorado legislative committee...
What does the increased tension between Vail and ski towns mean for real estate? Vail, the owner of major ski resorts and the epic pass, is selling approximately 86% more passes than in 2019.Ā At the same time mountain towns throughout Colorado and the country...
Denver office vacancy exceeds 30% for first time since 1990ās In 2019 office vacancy stood around 16%, lower than the national average.Ā Fast forward and Denver office vacancy has almost doubled to over 30%.Ā Why is the vacancy rate so important to Denver...
Over the last several years both Keystone and Copper Mountain have appreciated at almost double the rate of Breckenridge.Ā Why the sudden change in fate for Copper Mountain and Keystone?Ā What big changes occurred in governmental regulations to cause the surge in...
Wow, 2023 has been quite the year in real estate.Ā The beginning of the year started out good but as interest rates rose substantially volumes dropped off a cliff and prices began falling.Ā What do the changes mean for Colorado real estate in 2024?Ā Will prices have a...
A federal judge has effectively frozen a legal battle over Summit Countyās short-term rental regulations ā at least temporarily ā after county officials filed a motion to dismiss a lawsuit brought by area homeowners.Ā One of the claims of homeowners is that the new...
Although HH, the Colorado tax reduction initiative was ultimately defeated, there was one profound item in the legislation that will have far reaching impacts. Ā One of the biggest changes in the proposal is that second homeowners (non-primary residents) are now paying...
With much fanfare, CO legislators met in a special session to focus on tax relief once again after the searing defeat of HH.Ā As suspected, the agenda was filled with allot of stuff not related to property taxes (Tabor checks, low income tax credits,...
What happens now for Colorado property tax relief? Leading up to election day, millions was spent to try to convince voters to give up Tabor for small tax relief. Voters saw through the games and complexity and in the end the bill failed miserably with over 60% voting...
Big changes in store for Colorado real estate in the upcoming legislature Colorado Governor Polis, in a recent interview, called short term rentals paying residential rates a āloopholeā that he supports closing.Ā āResidential properties that work like hotels...
Colorado is expensive (as shown above for Boulder) and the legislature thinks they once again have the answer.Ā In the last legislative session all eyes were focused on a sweeping land use proposal basically outlawing single family zoning which was ultimately...
I wrote last week about proposition HH to eliminate Tabor under the guise of property tax relief.Ā It is a bit ironic that it was just announced that there is a new property tax initiative that qualified for the 2024 ballot, initiative 50.Ā The new initiative would...
Property taxes in Colorado are off the charts with many seeing an increase of 40% plus in the last assessment which is considerably higher than any inflation measure.Ā Lawmakers took up the cry from voters with a vengeance coming up with a solution that not only makes...
Joining Denver and some of Colorado's biggest ski towns, which have created strict rules for STRs in recent years, residents across Jefferson County (suburb of Denver) say they have fallen victim to an issue that has long plagued other parts of the state.Ā Why are the...
The good times continue to roll on. Inventory is down and prices are stabilizing and still increasing in some markets. When will there be a reset in Colorado real estate prices.Ā What happens when this cycle ends?Ā Are there opportunities currently?Ā Where will new...
Cannabis was the new goldmine for many years.Ā I always am entertained by the chart above form a few years ago showing the sales of marijuana/resident.Ā Unfortunately, the high does not last and is turning more into a hangover as marijuana becomes more mainstream with...
A tweet that went viral last week proclaimed "the Airbnb collapse is real," with a screenshot of data attributed to AllTheRooms, a short-term rentals analytics company, showing revenue per available listing at Airbnbs between May 2022 and May 2023 down nearly 50%.Ā ...
Metro Denver apartment rent inflation has outstripped income gains by a higher margin than any other major city in the U.S. since 2009, according to a recent study by Real Estate Witch.Ā Furthermore, Denver has experienced the second highest jump in rents in the...
Regardless of all the talk of a recession, soft landing, or something in between.Ā Many Colorado mountain towns continue to see record tax sales revenue. How is this happening while domestic tourism is pulling back?Ā What does this mean for the upcoming ski season?Ā ...
Nobody is talking about the impending storm coming for Colorado property owners. Even with fixed rate mortgages, payments are set to skyrocket next year. What will cause everyoneās payments to jump in 2024 on top of large increases already for 2023...
First, I had to share the joke above. For anyone that lives or spends time in the mountains it is unfortunately very relatable😊 It is a bit ironic (and confusing) as the company Vail resorts sues the city that its name originated from. The suit...
It is not very frequently Denver and Detroit get lumped together for anything. But both cities unfortunately have a few things in common now. In this case Denver and Detroit take top honors as top 10 states in a Redfin study where more people are looking...
As I predicted, we are starting to see some big changes in Colorado ski real estate. Even as prices in many markets throughout the country are staying flat, some Colorado ski real estate is still increasing while others are starting to correct. What is...
Many counties in Colorado are now using an online auction program for foreclosure sales which provides an interesting comparison of where distressed real estate deals are occurring. Denver, the most populous county in Colorado, is not even close to the top of...
