I thought it was ironic that Vail resorts announces a giant price drop to increase sales volumes of their passes while at the same time Breckenridge announces a proposed moratorium on nightly rental licenses. The opposing announcements were not coincidental and...
I am always amazed at how out of touch our elected officials are with what happens in the real world. The new tax plan circulating through Congress is no exception with the supposed target high net worth taxpayers, but middle class, small business owners, farmers,...
Denver officials will now fine short-term rental companies $1,000 for each illegal short-term rental transaction, City Council determined 11/20. Littleton also passed a new ordinance to regulate short term rentals. Is the new focus on nightly rentals unique to...
Crazy times we are in, real estate in Summit county (home to Breckenridge) increased 51% in the past year. Denver has increased 28%. Will the crazy times continue to roll on in Colorado real estate? Don’t bank on it, Semiconductors are firing a warning shot of...
What a year Covid has brought to Colorado real estate. From Denver to the resort communities, inventory has plummeted while prices have soared. What caused this huge jump in prices? Will the inventory increase in Denver and other markets? Where do we go from here...
There has been allot of talk about Denver being primed for a long term decline in real estate. Will this actually occur? Short answer no. Why? Simple math more people are moving to Denver than leaving. What does this mean for real estate values in the short term...
2021 is shaping up to continue being a challenging year in the ski industry. The ski industry like other industries is going through huge transformations due to the virus. This has caused all the major resorts to limit capacity either through reservations, pricing,...
I have gotten many e-mails letting me know that they got their property tax bills and they didn’t go up nearly as much as I said they would. Do not worry, I’m not lying that your property taxes are going to skyrocket. When will you see the tax increases? How does...
I tell my kids frequently that actions speak louder than words. Denver’s actions signal an end to affordable new construction affordable housing and further elimination of the middle class. Denver County is set to adopt a “net zero” building code that would require...
Almost 6% of all homeowners (8% of one type of loan) are “stuck” in some sort of forbearance. Unfortunately, the number of borrowers in forbearance has barely budged recently with no end in site. What does this mean for defaults? Why is one mortgage type...
I’m amazed that there hasn’t been any major press on the impending time bomb heading for Colorado’s real estate especially in Denver and the resort communities. Nearly 500,000 federally assisted apartments or rental homes can revert to market rents over next five...
With interest rates hitting historic lows, why will property owners in Colorado ski towns from Steamboat to Telluride get much higher interest rates than Denver? (Do you know where I took this pic?) Why will locals in the resort communities get hit hardest? What...
Denver historically was the leader in Colorado real estate. The tides have turned with the pandemic. Year to date, sales in Denver are up around 5%, while Jefferson county, a suburban county of Denver is up 9%. Furthermore, the appreciation in Summit county is over...
Happy New Year! It is time for my annual Colorado real estate predictions. How did I do last year? I did really good especially with the uncertainty of the virus! (see below) 2021 is shaping up to be pretty exciting from a real estate perspective! The main economic...
I wrote a few weeks back about how Denver Colorado is the second fastest “gentrifying” area in the country just behind San Francisco. Nobody has really talked about it but “gentrification” is happening (already happened in most ski towns) at an even faster...
Will Denver real estate fall? Throughout the country, Denver ranks 6th for top declines in apartment rents for major cities. Colorado Springs was ranked 5th for top increases in rental rates. Why is Denver rent falling while Colorado Springs rents are increasing? ...
Real Estate throughout Colorado is on a tear, setting records for price appreciation throughout the state. Unfortunately, eventually the market will run out of juice. Do you know the mushroom theory and how it can help you plan for the next cycle? I...
The ski industry has been on a wild ride since the resorts were shut down last March. Mountain real estate has been on a tear and summer visitation has been off the charts. What does this mean for the upcoming ski season? How are the resorts adapting due to the...
It has been quite the election cycle to say the least. One thing is for certain, Colorado property owners are going to be paying allot more in taxes on everything, especially in Denver county. Your taxes in Denver will increase by $2400/year minimum for the...
The data is staggering in three months from June through August, the median home price in Aspen for a single family home doubled, with the average sales price north of 7 million. Has Aspen hit a peak? How do the other Colorado ski towns compare? Are we at risk of a...
U.S.-listed shares of major cannabis producers surged after Democratic vice president nominee Kamala Harris said marijuana would be decriminalized at a federal level in the United States under a Biden administration. How would this change impact real estate in...
Core Logic, the leading data provider in the real estate industry, recently predicted that Denver home prices will tumble by 9% by May of 2021 placing it in the top three of most overvalued real estate markets. How realistic is this prediction? Is there a flaw in the...
Aspen is leading the way in regulating short term rentals. The five-member board unanimously approved a policy resolution that would allow amending the municipal land-use code to require vacation rental properties to acquire a business license. On the surface...
Boulder city council recently approved a new ballot measure that has gathered enough signatures to appear in November. The new initiative is “No evictions without representation” to provide legal assistance for anyone facing eviction. What is in the ballot measure? ...
