Although HH, the Colorado tax reduction initiative was ultimately defeated, there was one profound item in the legislation that will have far reaching impacts. 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. 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 “loophole” that he supports closing. “Residential properties that work like hotels...
Colorado is expensive (as shown above for Boulder) and the legislature thinks they once again have the answer. 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. 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. 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. 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. 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. What happens when this cycle ends? Are there opportunities currently? Where will new...
Cannabis was the new goldmine for many years. I always am entertained by the chart above form a few years ago showing the sales of marijuana/resident. 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%. ...
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. 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. Many Colorado mountain towns continue to see record tax sales revenue. How is this happening while domestic tourism is pulling back? What does this mean for the upcoming ski season? ...
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 everyone’s 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...
Colorado has not learned from the debacles in Florida and California and instead created their own public property insurance plan in the recent legislative session. Furthermore, the government now dictates the amount of insurance that must be provided by carriers. ...
Aspen continues leading the way in Colorado on nightly rental regulations. Historically what happens in Aspen ultimately flows through to other mountain communities. What is in the exclusion of nightly rentals in Pitkin County? Are these new...
Hopefully many of you on this list took the time to appeal your Colorado property taxes. I absolutely did! For my appeal, I filed the formal appeal and also spoke with the assessor to discuss. I got my letter this week and the assessor refused to...
Wow, the first half of 2023 has been relatively good in real estate throughout most markets. Volumes are down substantially, but there has been little movement in prices. Even with higher interest rates, most areas have stayed relatively flat, but the...
In a recent survey done by New Era Colorado where they polled 506 Coloradans between 18 and 34, a whopping 91% supported “rent stabilization” policies. The legislature is hearing this drumbeat loud and clear. The biggest focus of this legislative session has focused...
It is likely no mystery that the Colorado ski towns are getting considerably more expensive, but the recent data released by HUD is eye opening. HUD releases income figures every year based on census data and other factors, such as the rate of inflation. What do...
