In rapidly increasing markets, everyone is an expert! Unfortunately, the real estate investments market is transitioning and there will be winners and losers. Everyone always touts location, location, location to pick winning properties/areas? Is...
Currently in mountain towns throughout Colorado lodging taxes must be used for tourism marketing. This week Governor Polis just signed a monumental bill into law that allows towns to use only a small portion for lodging and the rest for other items. What does this...
Spring has come in with a roar in the Denver metropolitan area as inventory from February to March jumped 81%. What has caused the huge jump in inventory? What does the change in inventory mean for prices? How will Denver real estate perform compared...
About two out of every three homes in America are underinsured. The average underinsurance amount is about 22%, though some homes are underinsured by 60% or more. We saw this firsthand with the Marshall fire and pretty much every natural disaster in Colorado. ...
Facing a tough midterm election and divisions in Congress, the Biden administration is sidestepping the politically sensitive issue of loosening marijuana laws even as the idea has gained support of most Americans. With no movement at the Federal level, what does...
Thanks to one of our readers, Randy, for bringing the recent homestead exemption legislation to my attention as the changes are profound and yet there has been zero media coverage. The Colorado legislature has just passed a new bill radically changing the meaning of...
With rent prices skyrocketing not just in the Denver metropolitan area but throughout Colorado, rent control is back in the legislature with big changes for property owners, prospective purchasers, and tenants. The current focus is on mobile home parks with sweeping...
Housing affordability top priority for Colorado legislature, will they tax nightly rentals as commercial properties? “My No. 1 priority this session is to bring down the cost of living in Colorado,” House Speaker Alec Garnett, a Denver Democrat, said in his opening...
What a few weeks it has been. The stock markets have been up, then down. Interest rates have also spiked only to fall shortly thereafter. I’ve been asked by several realtors in various ski towns, what is the impact of Ukraine and real estate prices in Colorado. ...
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, change...
Colorado has always been a bit unique on who can access rivers and where. There is a recent case ruling that drastically upends the status quo and could radically alter private property rights. If you own a property or have a lease on a property that has live...
ATTOM, curator of the nation’s premier property database, today released its fourth-quarter 2021 Special Coronavirus Report spotlighting county-level housing markets around the United States that are more or less vulnerable to damage from the ongoing Coronavirus...
Denver just released an “affordable housing program” with new requirements for low-income housing. Multifamily will have large requirements for low-income housing that will drastically alter the type and number of units constructed. Furthermore, all property owners...
If you’ve been reading the news, it seems to be everywhere, complaints against vail resorts are plastered all over the media. With Vail the largest owner of resorts in Colorado and the United States will this derail the real estate party in ski towns or is there...
Welcome to tax time in Colorado. Property tax bills are being mailed out and you are sure to be in for a shock. I just looked at my bill and my tax bill went up 20% from last year! I’ve seen throughout the front range and various mountain...
The recent fires in Boulder County were astounding in regard to location, destruction, and time of year. Typically, when we think of fire in Colorado we think of the foothills/rural areas and the urban/forest interface in the Spring through Fall. The recent fires in...
Vail, the largest owner of ski resorts not only throughout the world but also in Colorado, has dropped 22% while other hospitality stocks have been rising at double digit rates. Why is Vail stock dropping so much? What impact will this have on ski real...
I’m constantly asked: “what is the best place to buy ski real estate in Colorado”. What are the key drivers of “value” for ski real estate? I think most people would agree that we are somewhere near a peak in real estate for this cycle, so it is important to answer...
There are two big laws coming into effect 1/1/2021 that will drastically alter Colorado’s Landlord tenant laws. HB21.1121 and SB21.173. Each have large changes in what a landlord can or cannot do and defenses a tenant can easily make to not pay rent. Are you ready...
Wow, 2021 has been quite the year in real estate. Statewide, the median home price is now $532,000, up 18.5% from last year. In Summit County (home to Breckenridge, Keystone, etc..) the median home is now 1.6m up almost 30% from last year. Where does Colorado real...
There is a new initiative, 31, on the ballot next year that will reduce the income tax rate in Colorado. How much will you save? (hint don’t get too excited) What impact will this have on the state of Colorado budget? (hint nowhere near what the state is predicting)....
In an emergency ordinance, Aspen city council unanimously implemented radical changes to any new construction, remodeling, and expansion of a property. Furthermore, the ordinance halted all new nightly rental permits. Why did the city implement this emergency...
If you looked at almost any mainstream media, each predicted a surge in eviction filings and pleaded with Governor Polis to halt any evictions. There were “studies” saying that 450k evictions would take place. Fortunately the “studies” missed the mark by a factor of...
According to a recent Redfin study, investors purchased almost 17% of all houses in metro Denver, up from 9% a year ago. “Investors are expecting rents to increase in the coming years,” said Redfin Chief Economist Daryl Fairweather. What does this mean for real...
