As I was writing the article, I looked out the window to see this bear cub taking a stroll through the yard (don't worry I was far away on a two story deck with a zoom lens). Is this a sign? Is a bear market in the offing? I was amazed at the recent data tracking...
September was an interesting month in Denver metro real estate. After two plus years of breakneck real estate sales, Denver real estate is starting to moderate. What was in the September data? What does this mean for the future of Denver real estate? Will prices...
Google bets 2.1 billion that cities like NY, Denver, Atlanta, etc… are immune from WFH. What is Google saying with their actions on the future of work from home. Why are “superstar” cities unlikely to feel much impact from the future of work from...
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...
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...
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...
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. ...
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...
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...
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...
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...
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...
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...
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...
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,...
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...
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...
