Will higher interest rates impact Colorado ski real estate? One market down 71%

Will higher interest rates impact Colorado ski real estate? One market down 71%

Depending on the Colorado ski town, cash transactions make up between 30-75% of all closed transactions.  With this many cash transactions, what do rising interest rates mean for sales in the various ski towns.  Will there be a slow down  in ski real...
Ready to give Colorado 270 million more of your money?

Ready to give Colorado 270 million more of your money?

A new Ballot proposal, 108, will be voted on in November to “divert to” (aka give) the state of Colorado an additional 270 million dollars of taxpayer’s money for affordable housing.  What is in the new proposal?  How effective will a statewide fund be?   What can we...
New Short Term rental tax 20.4%, what does this mean for real estate?

New Short Term rental tax 20.4%, what does this mean for real estate?

While other mountain towns implemented taxes and regulations on short term rentals, Steamboat was a bit late to the party.  Locals were not happy and elected a new council.  The new ballot question will raise the short term rental tax to 20.4%.  Will this pass in...
Denver a top ten “outflow” destination with more looking to leave

Denver a top ten “outflow” destination with more looking to leave

A record 32.6% of Redfin.com users nationwide looked to move from one metro to another in the second quarter, up slightly from 32.3% in the first quarter and roughly 26% before the pandemic.  Denver was recently named by Redfin a top “outflow” destination with...
Denver real estate predicted to increase appreciation this year and next year

Denver real estate predicted to increase appreciation this year and next year

Well’s Fargo just released its midyear housing update and from the surface it looks rosy for Denver and Colorado.  How accurate are their assumptions?  Will Colorado real estate continue to increase in light of an impending recession? Hint, don’t get too...
Aspen prices soar, further limits to development, what are the alternative resorts

Aspen prices soar, further limits to development, what are the alternative resorts

Aspen home prices jumped from 10 million to 16 million from 21 to 22.  At the same time the city council has recently increased restrictions on new construction.  How many demolitions/new builds do you think the city will now allow? Hint, the number is much lower than...