I’m looking out the window at a smoke-filled valley as I write this article. Major wildfires in Colorado and throughout the West will create a catastrophe for many property owners. Are you ready for a shock on your property insurance? What can you do...
Colorado Hard Money Blog
Rent jumps 22% in Colorado, will real estate values “correct”? The federal reserve thinks so.
Apartment rents are rising rapidly across the northern Front Range, about triple the rate seen before the pandemic, with annual gains almost 20% in places like Parker and Colorado Springs. What is causing the large increases in rents? What did the federal reserve...
“Our trajectory is troubling” Breckenridge caps short term rentals, Guide to STR regulations in CO mountain towns
Breckenridge currently has about 4k short term rentals. At a council meeting last week, legislation was proposed to cap this number at 2200. What has caused the huge shift in Breckenridge and other mountain towns regarding short term rentals. What does this mean...
Denver approves 450 million in bond measures, your property taxes increase almost 40%!
Denver City Council recently approved five new bond initiatives to appear on the November ballot. The total amount of this spending is 450 million paid for by anyone who lives or owns property in Denver. What was in the bond initiative? How high will...
Will the Colorado Mountain Real Estate party continue? What will cause the slowdown if anything?
Wow, it has been quite the run in Colorado Mountain real estate. Prices have been off the charts with many mountain communities roughly doubling over the last 2 years. For example in Summit county, home to Breckenridge, the median home price increased from 750k to...
Delta Variant impact on Colorado Real estate; What is the Treasury market telling us?
With the new Delta variant circulating throughout the country and Colorado, what will be the impact on residential and commercial real estate? Will back to the office plans be shuttered impacting real estate prices in cities? Will there be a continued flight to the...
Is there a gold standard in real estate? One Colorado town fits the definition
In times of economic uncertainty, high net worth individuals focus on safety. From Government securities like 10 year treasuries, to municipal bonds, and gold. There is another trend emerging that Colorado real estate is being placed in the “safe haven” category. ...
Crested Butte Beats Airbnb; impact on real estate; case study for mountain towns
Airbnb sent out an urgent request to hosts to: “ We urgently need your involvement NOW,” the email stated as it instructed hosts how to provide public comment. “It is critical to speak up against the proposed moratorium on all new permits.” The town of Crested Butte...
Has a cold front moved into Denver real estate? Are the mountains next?
Metro Denver’s housing market has been changing in recent weeks, much like a cold front ending record heat, and could provide significant relief for buyers if this continues, local real estate agents say. The market has started moving in the past two to three weeks...
Are Colorado mountain towns “closing the doors” impact on tourism and real estate
Travel Crested Butte put up a social media post last weekend that messaged Crested Butte was not all sunshine and rainbows. “As beautiful and breathtaking as Crested Butte is, the community you love to visit is hurting,” This is not your typical warm and fuzzy...
Companies want remote workers, just not in Colorado
I was surprised to see the headline on the front page of the Wall Street Journal. Big companies are hiring for remote positions that can be performed in any state across the U.S. except one: Colorado. At issue is a new Colorado law that requires companies with even a...
There is no real estate inventory in Colorado, yet closings are up
If you look at Denver county, the number of properties sold is up 10% , in Routt County (Steamboat) sales of single family homes is up 30% over 2019. If there is no inventory/ little inventory available how are sales continuing to break records. Is there another...
New tax plan in Congress will hit Colorado real estate hard.
Colorado real estate is on a tear, with appreciation off the charts. In Denver appreciation is up 25% year over year. Unfortunately, all this appreciation could cause some large tax hits based on the new legislation. How will the new legislation...
Steamboat Springs imposes nightly rental moratorium: impact on real estate
Last summer was a tipping point with mountain towns overflowing with tourists and their impacts becoming more noticeable including traffic, crowded trails, etc… As more people move to the mountains full time there is a bigger push to diversify the mountain towns away...
Where does Colorado real estate go from here as Covid subsides?
Wow, what a wild ride Colorado real estate has been on the last year. The statistics are astounding! Denver county average sales price is up almost 30% year over year while days on the market has plummeted 40%. In the mountains, in places like Summit County prices...
Rent control ordinance passed in Colorado; Cities scramble to implement, Affordable housing declines, Who pays?
It is no secret that rent in Denver and throughout the state has increased. A one bedroom in 2010 leased for 800, fast forward to 2021, that same one bedroom is now leasing for 1646 a month, a 106% increase. The legislature has taken up the fight with hb21-1117...
Frisco, CO considers declaring state of “emergency”; it is not for what you would expect.
City officials in mountain communities are worried rising home prices are pricing the workforce out of the market. “We’re really at risk of creating the modern era-ghost town in our mountain towns, where the lights are on and no one has a home to live in,” Hunter...
Is help on the way for spiraling Colorado real estate taxes? What is Initiative 27?
If you got your recent tax assessment, I am sure you have a little sticker shock. Not only are values going up but so are your property taxes. Fortunately, there could be some relief on the way. What is in the new ballot initiative 27 and how much will this save...
Is Denver real estate overvalued? Is there a crash coming?
A new report from CoreLogic, a national data analysis firm, finds that homes in metro Denver are overvalued even as prices continue to rise. As of April, the median home price in Denver hit a record $612,000 a 25% increase from last year. Will Denver real...
Colorado property owners hit with sticker shock over property valuations, you have until May to appeal
Did you get your envelope? Is the property tax assessor crazy? My assessed value went up 37%! Are you ready for your new tax bill? Real estate sales have jumped dramatically with covid and appreciation has been off the charts throughout Colorado. Check out my free...
Is this property worth 550k? Three free real estate tools you must use to evaluate CO properties
Unfortunately, as the Colorado real estate market has heated up, so have the number of “questionable” appraisals. I was recently sent an appraisal with a value of 550k on the picture above, just the garage looking structure in the picture. Fortunately, there are...
Long Term Rental licenses now required in Denver; Costs and requirements skyrocket; affordable housing reduced
Denver is making waves again with the passage of a new law that requires all long-term rental properties to meet “min housing requirements”. On the surface the new law sounds innocuous, but the reality is far different. How will these new requirements impact the...
Will new Fannie/Freddie rules put the brakes on Colorado ski real estate?
Do residential rental properties with one to four units and second-home mortgages carry more risk? Apparently so says the U.S. Treasury Department. Such loans underwritten by Fannie Mae and Freddie Mac will end up costing you more under restrictions quietly announced...
Rent control coming to Colorado; Impact on real estate, your property taxes will skyrocket
It is no secret that rent in Denver and throughout the state has increased. A one bedroom in 2010 leased for 800, fast forward to 2021, that same one bedroom is now leasing for 1646 a month, a 106% increase. The legislature has taken up the fight with...