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...
The ink was not even dry on the new proposal to reduce property taxes and radically alter Tabor that is supposed to go to voters in November when a lawsuit was filed. Although, many legislators are acting surprised, the lawsuit was so obvious based on how the...
SmartAsset uncovered the fastest-growing cities in the U.S. To identify the top boomtowns in America in 2021, they looked at the most recently available data for 500 of the largest cities across the following seven metrics: population change, unemployment rate,...
For the past 15 years or so, my “mushroom theory” was an amazing tool (no I’m not talking about the magic mushrooms that were approved by voters). Up until Covid the mushroom theory worked like a charm to predict price appreciation in cities like Denver, but...
Our legislative branch and Governor have touted a new proposal to drastically reduce property taxes after they have skyrocketed due to increasing values and the elimination of the Gallagher amendment. Unfortunately the new bill will not help the overwhelming...
Wow! You can always hand it to the politicians to take a simple property tax measure and fill it to the brim so in the end it costs more than it actually saves you. In a last-ditch effort, the Colorado legislature approved: SB23-303 Reduce taxes and voter...
Although March is typically not a big sales time in the mountains with mud season and the resorts closed, there are some interesting trends emerging. As suspected single family homes sales volumes have dropped dramatically along with median and average sales...
Colorado property taxes were set to jump almost 50% in some markets which finally go the attention of the Colorado Governor. At the last minute, Governor Polis put together a proposal that supposedly will drastically save taxpayers. What is in the new...
Get ready for sticker shock; as you will be receiving your new tax assessment in the next few weeks (typically the beginning of May) and time is of the essence as you have a limited window if you want to fight your tax value. How can assessed values continue to...
I’m asked daily what happens to prices in high cost cities like Denver. Will prices stabilize due to the Golden handcuffs of low rates? Will prices go into a free fall due to higher mortgage rates? Historically there is a correlation between rents...
With a supermajority, the legislature has been busy crafting bills that will radically alter the real estate landscape. The recent proposal allows the state to dictate zoning in every county throughout Colorado and eliminate single family zoning. Colorado mayors...
Anyone who has ventured into any Colorado ski town recently has noticed a profound change since Covid. Everything seems to be busy all the time, prices have skyrocketed, and longtime locals are quickly priced out. What is causing the swift changes and what...
The legislature passed a little known bill in 2021 to allow property owners to defer their property taxes above 4% increase starting in 2023. On the surface, this sounds like a great plan. Why wouldn’t someone want to defer their property taxes. Unfortunately the...
Every time I turn around there is yet another proposal to implement rent control. The newest house bill concerning requiring just cause for an eviction recently passed its first hearing. On the surface it sounds harmless, but the details are the most...
There is yet another proposal in the statehouse on affordable housing. This new bill would allow governments the first right of refusal on basically any multifamily property. On the surface, the new proposal sounds innocuous, but the devil is always...
Last year Denver passed an “affordable housing program” that requires multifamily developments to pay linkage fees and/or reserve a percentage of units for low income housing. What has happened to apartment construction since passage? Were my original...
A local HVAC contractor said of the new code “This is like a really obese person drinking a 12-pack of Diet Coke and feeling good about themselves.” What is in Aspen’s new building code proposal? What impact will this have on new construction, property values, and...
Get ready for sticker shock as this year is a reassessment year. As values soften throughout the state, will your property taxes finally go down? Unfortunately the short answer is just the opposite, look for your taxes to jump an astronomical amount. ...
With a supermajority, the legislature has been busy crafting bills that will radically alter the real estate landscape. The recent proposal allows the state to dictate zoning in every county throughout Colorado and eliminate single family zoning. As you...
I always watch what happens on the coasts to see what is next for Colorado. Whether it is minimum wage, required sick leave, etc… these all originated from the coasts and migrated to Colorado. NY’s laws on nightly rentals will soon find their way to...
State lawmakers are preparing to introduce a bill in the legislature that would create a state sponsored governmental program offering basic home insurance to the growing number of Colorado homeowners who say they can’t get coverage from private companies because the...
There is a condo complex in Steamboat Springs, CO where units have precipitously dropped in value overnight while owners cannot sell, refinance, rent, or in many cases use the units. The units themselves are fine, but there is one huge problem. What happened in...
There is a condo complex in Steamboat where units have precipitously dropped in value while owners cannot sell, refinance, or in many cases use the units. The units themselves are fine, but there is one huge problem. What happened in Steamboat? Why is this a...
The prevailing theory is that this real estate cycle will be considerably better than others as so many people locked in rock bottom rates which will serve as “golden handcuffs” and prevent a meaningful increase in inventory. This in turn will keep prices high...
