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...
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...
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...
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,...
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...
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 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...
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...
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? ...
As well-paid knowledge workers who can do their jobs anywhere now flock to these “Zoom towns,” home prices are surging and housing inventory is dwindling. What is a “zoom town” ? How is Colorado benefiting from this new trend? What towns qualify as "zoom" towns?...
I saw a headline that property taxes would decrease 18%, I was skeptical to say the least and you should be too. Colorado is unique in how property taxes are calculated requiring a balance between commercial and residential property taxes, with commercial values...
Anyone living in Colorado can attest it has been hot, dry, and windy this summer with record drought conditions throughout the state. Two major wildfires in Colorado (one human and one lighting caused) have popped up charring thousands of acres around Grand Junction...
Do you know where I took this picture in Colorado? I wrote back in June about big changes coming to Colorado's resort communities. What has happened since June? Were the predictions accurate? Where does ski real estate go from here? The great urban exodus is...
Denver Colorado is the second fastest “gentrifying” area in the country just behind San Francisco. Furthermore, Denver beat out Boston, Miami, New Orleans, Austin, and countless others due to the rapid gentrification of the downtown core. What is Gentrification? How...
Colorado has become the “festival capital” using events to draw an increasingly larger number of visitors from the wine festival to arts festivals to music festivals to car festivals, etc… every weekend was a festival in Denver and mountain resort communities. With...
2020 is shaping up to be an interesting year in the ski industry. The ski industry was abruptly cut short in April with Vail resorts losing 200m and Alterra getting sued for closing early. What does this mean for ski real estate? Where should you invest now based on...
I hope everyone is doing well. I wanted to share a bit of irony. The "call before your dig" line in Colorado was recently out of operation as someone ironically didn't call before they dug and hit all the lines going into the operation center. On to the news... ...
Wow, what a crazy time we are in. Less than a month ago, I was at Copper Mountain when the Governor announced the closure of all ski resorts. Shortly thereafter, kids were running around the house with schools closed and most businesses were shuttered or working...
I hope everyone is doing well and staying safe and healthy. Fortunately, our new “employee” Luna continues her hard work unfazed by the Coronavirus 😊 The Colorado Attorney General’s office issued a letter that effectively prohibits real estate property...
First, I hope each of you and your family are doing well in these challenging times. Above is a pic of my new office, I’m doing my part to be socially distant 😊 (do you know which mountain this is at?) The coronavirus is rapidly impacting the...
The National Association of Realtors released their “marijuana and real estate- a budding issue” research paper that found that 27% of realtors had seen a decrease in property values near dispensaries, while 12% has seen an increase in values. What does this mean...
Summit County (Breckenridge, Silverthorne, Frisco) is set to adopt a sustainable building code that would require new residential construction in the county to be among the most energy efficient in the nation (Zero Energy Ready). This new building code will increase...
