Denver prices set to fall 16%, will Golden handcuffs come off

Denver prices set to fall 16%, will Golden handcuffs come off

I’m asked daily what happens to prices in high cost cities like Denver. Will prices stabilize due to the Golden handcuffs of low rates?   Will prices go into a free fall due to higher mortgage rates?  Historically there is a correlation between rents...
Coloradans can defer payment on a big chunk of their rising property tax bill; should you???

Coloradans can defer payment on a big chunk of their rising property tax bill; should you???

The legislature passed a little known bill in 2021 to allow property owners to defer their property taxes above 4% increase starting in 2023.  On the surface, this sounds like a great plan.  Why wouldn’t someone want to defer their property taxes.  Unfortunately the...
Rent Control through the backdoor in Colorado passed the house

Rent Control through the backdoor in Colorado passed the house

Every time I turn around there is yet another proposal to implement rent control.  The newest house bill concerning requiring just cause for an eviction recently passed its first hearing.  On the surface it sounds harmless, but the details are the most...
Aspen adopts some of the strictest building codes in state, impact on real estate   

Aspen adopts some of the strictest building codes in state, impact on real estate   

A local HVAC contractor said of the new code “This is like a really obese person drinking a 12-pack of Diet Coke and feeling good about themselves.”  What is in Aspen’s new building code proposal?  What impact will this have on new construction, property values, and...
Colorado’s wildfire risk is so high some homeowners can’t get insured. The state may create last-resort coverage.

Colorado’s wildfire risk is so high some homeowners can’t get insured. The state may create last-resort coverage.

State lawmakers are preparing to introduce a bill in the legislature that would create a state sponsored governmental program offering basic home insurance to the growing number of Colorado homeowners who say they can’t get coverage from private companies because the...
2023 Colorado real estate predictions, will the party continue one more year?

2023 Colorado real estate predictions, will the party continue one more year?

Wow, 2022 has been quite the year in real estate.  In Denver, the average home  price peaked at $913,000, a whopping 52% increase from 2019. In Summit County (home to Breckenridge, Keystone, etc..) the average home is 1.2m up 116% since the pandemic. Even with higher...