Our 2024 Colorado real estate predictions: elections, affordable housing bills, tourism, property taxes and the hottest and coldest markets.
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...
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...
No doubt the presidential election was the most talked about in history, but the huge changes in Colorado are even more profound and will have major impacts on your daily life and wallet. What initiatives do you need to know about that will impact your wallet and...
Zillow analyzed appreciation over the last 4 years (basically the pandemic real estate gold rush) to see the cumulative appreciation. Which markets performed the best and which ones the worst in Colorado and even more importantly why? Why are some markets hotter...
The recent tourism data shows visitors spent over 28 billion dollars visiting Colorado. At the same time more business are packing up shop and heading for greener pastures. Why the diverging fates for tourism and businesses. Is the trend of increasing tourism and...
Wow, it seems Colorado real estate has turned on a dime. Even with interest rates coming down inventory is increasing throughout the country. What does this mean for Colorado real estate? When I zoom into some of Colorado’s biggest cities, there is one other trend...
There is a new proposal by the Denver city council to prohibit the construction of gas stations. The new bill puts forth several proposals that would make it increasingly difficult if not impossible to build new gas stations in Denver County. Ironically it will...
The most recent data in Crested Butte tells an interesting story. Single family homes continued to increase in value while town home median prices have decreased 13%. What is happening in Crested Butte and other mountain towns causing property declines? Why are...
On the November ballot a special interest group just got approval for an initiative that targets one particular business that has been operating legally in Denver for over 70 years and has an economic impact of 382 million a year and employees over 600 people. ...
With three wildfires burning in the front range as I write this and thousands evacuated, it is crucial to know the number one mistake that is made in a wildfire disaster. Do you know what the significance of the picture of the government facility above? Being a...
Almost every mountain town continues to appreciate or stay at historic highs, but two Colorado mountain towns are bucking the trend. What is happening in Silverthorne and Granby? Why are these two towns underperforming not only mountain towns but others throughout...
Every time I open the news, I’m amazed at what is happening in the Colorado legislature. As a rental property owner, I cringe as it is becoming next to impossible to cost effectively operate a rental property. The new law is titled “safe housing”. Who doesn’t want...
In April, Denver County recorded the largest number of eviction filings in one single month. There were 1,665 eviction filings, compared to 1,038 in April 2023 and 576 in April 2022. Why the sudden huge jump in eviction filings? Is this a trend or just a...
It is crazy to talk about prices moving higher in Colorado’s high country while rates are staying double their lows. Why is ski real estate poised to head higher despite everything else going on in the economy? What is the key driver to watch for ski real estate? ...
Can the state of Colorado grant itself a first right of refusal on your property? They just did! This new law allows state and local governments the first right of refusal on most multifamily property and requires notice to the government of any intent to sell prior...
Property taxes on short-term rental properties in Colorado would more than triple under a bill drafted by state lawmakers that comes as communities from Durango to Denver grapple with surging numbers of vacation rentals. What is in the new proposal? How will this...
It has been quite the session with a ton of bills that have huge ramifications for property owners throughout Colorado. The proposals ranged from increasing taxes on nightly rentals, evictions protections, habitability, right of first refusal and various others. The...
Once again, as the legislature returns, the first order of business is housing and a recent bill “just cause for eviction” just passed that will rock the real estate industry. The recent proposal seems innocuous: “just cause for eviction” and yet hidden in the depths...
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 and require notice to the government of any intent to sell prior to listing with huge fines...
Just like in California, Colorado recently passed a bill to create a statewide insurance plan to write insurance policies in high risk areas. Why are most major insurers now leaving California? What does this mean for the future of property insurance in Colorado?...
The recent settlement by the national association of realtors will have an outsize impact on Colorado ski towns. Will prospective buyers pony up 70k to pay their buyers agent based on the median home price in Summit County? What does the recent settlement mean for...
It is amazing that Colorado continues to pursue a growth strategy throughout the state with the knowledge that we are basically out of water. The issue of water is coming to a head in one part of the state. Colorado is legally required to stop irrigating...
The Colorado legislature is out of control with their housing bills. The newest bill: “Real Property owner unit association collections” will drastically increase HOA fees for every property owner and likely could bankrupt many homeowner associations. What is in this...
Every time I open the news, I’m amazed at what is happening in the Colorado legislature. As a rental property owner, I cringe as it is becoming next to impossible to cost effectively operate a rental property. The new bill is titled “safe housing”. Who...
