Colorado real estate market news, property tax and ballot updates, and hard money lending insights from Glen Weinberg and the Fairview team.
There is one ski town that bans non residents from buying real estate? What ski town has implemented this change? (Do you know based on the pic above?) Why was the ban put in place? What has happened to real estate values in this town and surrounding towns? Should...
In the last several weeks, I’ve had two deals fall through due to insurance. One was on a rural property that they could not find reasonable insurance on, and the other was on a condo in Denver that was under insured due to the huge jumps in insurance costs for the...
Colorado ski resorts continue holding strong in the face of higher interest rates. Why are interest rates not the best metric for Colorado ski real estate? What two factors are driving the difference in ski town fortunes? Will these trends continue heading into...
Why is Steamboat Springs leading the way? Although in the last legislative session the initiative to charge second homeowners more was defeated, it is rearing its head again in the form of a new backdoor “vacancy tax”. The leaders of this new push are the Colorado...
The Colorado Legislature has proposed a new law to limit lawsuits against builders in order to incentivize builders to increase supply of affordable housing. Will the new law help or hurt the market. What is in the new bill and how does it radically change...
The above is a picture of what we found in a property we were involved in; needless to say they did not get their security deposit back due to some huge electrical problems, water issues, etc....! Although, all eyes and media attention seems to be...
Many metro Denver tenants paid more than $1,600 in additional rent in 2023 because of a profit-maximizing algorithm that Colorado lawmakers unsuccessfully tried to ban earlier this year, according to a new report issued by the White House. How accurate...
When you look at the chart above of single family homes, there is a major outlier in red. What is happening in Colorado Springs? Is Colorado Springs a warning for real estate throughout Colorado. On the flip side look at Glenwood Springs (orange) it is...
Every time I look at the docket of new bills in the Colorado Legislature I am amazed. This new bill will radically alter rental contracts in Colorado and changes the real estate market profoundly. The proposed bill not only impacts property owners but also lenders....
Nightly rental regulations and enforcement continue to be a leading topic for legislation in every Colorado ski town. A newer ordinance in Summit county (Breckenridge) continues this trend but ironically is supported by most in the industry. What is in the new...
I’ve heard from every realtor that 2024 was a tough year in Colorado, interest rates were high and closing volumes plummeted, look at the chart above of Denver it tells a much different story, but is that the whole story. Are volumes actually down regardless...
Condos were once the hottest real estate in Denver and throughout the front range and now suddenly the tides have turned. Days on the market has almost doubled, prices are down, and sellers are now in a panic to dump properties. Is now a good time to...
It is crazy that in Colorado we should be looking at a third world country on how to solve our affordable housing crisis. Is Colorado making the same mistakes as Argentina made in the past? What did Argentina learn that drastically lowered rental prices and increased...
The Colorado Rocky Mountains were blessed with abundant snow over the holiday season and unfortunately ski traffic was also brimming with accidents snarling traffic throughout the high country. At one point I saw i70 shut down an entire day leading to 90...
Denver county approved hundreds of millions of dollars in new taxes for hospitals, schools, and everything in between, but they voted down an affordable housing bill in the November election. Along the same lines, Steamboat also recently voted down an affordable...
The primary argument in nightly rental regulation debates is that locals who rent their properties would not be able to stay in the community so any regulations would drastically hurt locals. How true is this argument? A new study sheds substantial light on this...
With house prices over 65% higher than condos in Denver, I would believe there would be considerably more demand for condos and in turn higher appreciation. The data is telling the opposite story with house prices easily beating condo prices. What is causing condo...
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 causing the...
Wow, 2024 has been quite the year in real estate. The beginning of the year started out good but as interest rates rose substantially volumes dropped off a cliff and prices began falling in some markets. At the same time, we are seeing substantial increases in...
I learned the hard way about investing in mountain towns. I successfully lost over 100k on my first ski investment property! Hindsight 20/20 I violated 1 of the 4 golden rules of investing in mountain property. I developed these 4 rules after evaluating thousands...
I continue to hear that Colorado has a huge shortage of housing, at the same time Colorado just reached a milestone where current inventory handily surpassed prepandemic levels. What do the 6 states have in common with the biggest increases in inventory? What does...
Denver has finally released their sidewalk fee schedule that voters had approved two years ago. The new fee schedule will have huge consequences for property owners around Denver with some getting new fees of 2400+/ year. What is the sidewalk fee? How is this...
Having lived and worked in the Colorado mountains for almost 25 years I have witnessed first hand the radical transformation that has occurred in every single ski town. How have ski town demographics changed? Is the moose a harbinger for big changes in each mountain...
It is crazy to think that every major ski town in Colorado has made the same major mistake and that nobody has noticed until or done anything until now. What caused every ski town to duplicate the same mistake? What does this mean for property owners? When...
