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...
60 percent more realtors, what does this mean for Colorado real estate prices?

60 percent more realtors, what does this mean for Colorado real estate prices?

The top job-related search between January 2021 and January 2022 was “how to become a real estate agent.” More than 60% more people became realtors during the pandemic.   What is this statistic telling us about future real estate prices in Colorado? What was in the...
2022 Colorado real estate predictions, mid-year update; the party continues in some markets

2022 Colorado real estate predictions, mid-year update; the party continues in some markets

Allot has changed in the last six months.  Interest rates have skyrocketed, appreciation has continued, and inflation continues to roar.  How does this impact my prior Colorado real estate predictions?  Where does Colorado real estate go in 2022?  Will the staggering...